BetConstruct has introduced a new risk mitigation solution that moves bets to its new BetCloud. This allows participants to accept bets over their established limits and pass the excess to the BetCloud, to be accepted by other BetCloud users.
BetCloud benefits operators by allowing them to accept sportsbook wagers that they would otherwise turn away, and allows participating BetCloud operators to gain revenue by accepting a certain portion of the bets sold by other partners, the company said in a press release.
“Our goal is to help our partners grow their businesses. The BetCloud accomplishes this without requiring operators to accept unnecessary risk,” said Vahe Baloulian, BetConstruct’s Chief Executive Officer. “BetCloud establishes the first online marketplace for gaming operators to accept and share larger than usual bets and this will positively affect revenues of all participants.”
