Sportsbetting has been a past time of many for years but with the launch of the internet, it was taken to new heights as gamblers from all over the world could place bets on their favourite events, day or night. Now, with the development of new technologies like betting exchanges and a variety of betting software, placing bets online couldn’t be easier.

Betting software refers to a program or application that allows gamblers to easily place bets online. Betting software lets players view odds for different events in real-time, displays pertinent information and analyses to help the gambler make their decision and makes placing bets easy. There are several different types and providers of betting software but most online bets take place on a betting exchange.

Betting exchange, also referred to as Peer-2-Peer (P2P) betting is a system which allows the players to bet against each other (instead of player and bookmaker). It originated in May of 2000 and further developed in June of 2000 when UK-based Betfair launched the first open market betting system or betting exchange system as you can imagine it took a huge amount of gaming research. They have since become a leader in online betting software with innovations like their state of the art trading software, FairBot.

FairBot is arguably the top trading software currently in operation. It enhances Betfair’s betting interface to provide gamblers with real-time price movement charts, information, trading tools and market analyses. The easy-to-use and convenient interface lets you place single bets or trades instantly, refresh event information and odds as fast as every 0.1 seconds and you can choose to use (or not) services like bet confirmations and price adjustments.

FairBot is also very useful for the betting exchange traders as it allows them to place “Smart Bets” – a program that calculates the number of bets required to make a profit. FairBot is also compatible with Windows XP & Vista and functionality and usability is similar to Betfair making the transition to FairBot an easy one.

Another innovative tool for online betting, OpenBet Sportsbook, was developed by Orbis and is the technology platform for 20 major online gaming operators including some of the top quality online casinos OpenBet allows players to bet from anywhere, from a variety of mediums and through access from one account. Players can place bets from their mobile devices, through the web, through digital TV and more using one account. OpenBet also uses the “one account, one wallet” idea where betting, customer management and marketing are all simplified.