With its vision of empowering sportsbooks with advanced solutions, World-leading sports data provider LSports has announced this week the launch of its new cash-out service. This product aims to improve user engagement, allowing bookies to manage risk and reduce their exposure.
Using this service, Sportsbook operators will be able to offer punters to settle their bets before the result of an event is determined, with the cash-out amount depending on several factors, such as the current score of the game, the remaining time, and the odds of the original bet.
Bookies can use cash-outs as an in-game betting feature but can also be offered during the season for outright markets.
"LSports keeps improving its offering by adding more unique tools for its customers," Dotan Lazar, LSports CEO & Co-Founder, said.
"I can promise that this is just the start of a new era in the sports industry, and more new and improved products are coming,” Lazar added.
LSports is a global sports data company providing sportsbooks, media organizations, and fan experience innovators with the data feeds and services that allow them to put their best product out there.
Powered by highly accurate real-time data on the widest range of live events, LSports tracks over 160,000 pre-match and 110,000 in-play events each month, creating an immersive sporting experience for non-stop fan engagement.
Founded in 2012 and serving hundreds of customers around the globe, the company is setting a new standard for delightful sports betting experiences. LSports mission statement is to bring life to the most innovative data-powered sports products in the world.
Source: GMB
