What will you do to improve user engagement on your sports betting platform? Maybe you can improve the user experience by creating an intuitive interface or creating an app with unique features. However, that is not the only way to improve user engagement on your sports betting application. You can also use the live odds API to provide more precise and instant access to sports data, specifically odds, to your bettors.
An odds API developer integrates odds API with sports betting software so that odds data can be displayed in real-time on the dashboard.
You might find it confusing at first to figure out how to integrate and display odds data on the sports betting software. Our complete guide to odds API development will give you an overview of what is odds API, how it works, the benefits of odds API, how you can integrate odds API in your application, and a lot of other information as well.
What is the Odds API?
API is the acronym for the application Programming Interface. It works like a bridge between two applications and lets them share data between both of them.
Odds API also does the same. It connects betting software with several sports bookmakers from the USA, UK, Canada, Australia, and so many other countries to name and provides real-time odds for a variety of sports. Available sports include cricket, soccer, the NBA, NFL, and more. Data on betting odds are updated every few seconds to every few minutes.
With the odds API, sports bettors can be flexible in their betting strategies. They can now make more informed decisions, faster and more accurately, using the Odds feed API. It is because all the odds they need can be found in one place without checking multiple places.
Odds API: How Does It Work?
Before you think about developing odds APIs, you must understand how the odds API works.
Betting odds come in three forms: fractions, decimal, and American. The only difference between these forms is the style in which they are presented.
In fractional betting odds, the profits are calculated based on winning the stake. The decimal sports betting odds show how much a punter makes for every dollar wagered.
American betting odds systems are a little bit from fractional and decimal sports betting odds. In this case, it displays how much one needs to invest to earn $100 or how much one wagers can make on every $100 spent.
This is how the odds API works.
Now that you have gained a fair knowledge of how the odds API works. This is the time to talk about the sports that can be integrated with the odds API.
Which Games Need to Integrate the Odds API?
Live odds API provides data for a variety of sports such as:
- Casino game odds API: Blackjack, Baccarat, Craps, Roulette, Big Six Wheel and so more.
- Poker game odds API
- Sports betting odds API
- Fantasy sports betting odds API
- Esports betting odds API
- Virtual betting odds API
What Benefits Odds API Can Deliver You?
In fact, there are multiple benefits that make the odds feed API highly beneficial for sports betting. One of its obvious benefits is its speed, which is highly appreciated by the bettors. Odds data changes every few seconds, so gamblers can make a wise choice when placing their bets.
Apart from this, the odds betting API can also offer you a variety of other benefits such as the following.
- With the dynamic odds API data update latency being as low as 0 to 1 second, odds data is updated in a flash.
- This resulted in a reduction in operational costs; the odds API developer removed the need for manual calculations and replaced them with automated solutions, also known as sports betting APIs.
- Betfair odds API displays data about fixtures, live scores, statistics, odds, and even market statements. With this information, bettors can place bets strategically that can yield higher profit margins.
- Sports odds API can be easily integrated with the games mentioned above. The process of integration is quite simple and smooth.
- Real-time esports API data; odds API offers coverage for all top tournaments & leagues.
Live Odds API Integration – How to Do It?
Now that you are ready to integrate API live odds APIs, let’s look at the basics of betting odds API integrations.
1. Find a Suitable Odds API
As a rule, the first thing should be served first. Firstly, you will have to find an appropriate odds portal API to integrate with your application. There are countless choices available for users in terms of odds API. In order to ease you with your search for the best odds API, we have named the most popular odds APIs available on the market.
- Betfair odds API
- Pinnacle odds API
- Oddsmatcher API
- Oddsmaker API
- Oddsminer API
- Betway odds API
- Bet365 odds API
- Poker odds calculator API
- Oddschecker API
- Odds shark API
- OddsMonkey API
- 1Xbet Odds API
2. Get an API Key
As mentioned, getting an API key is essential to ensure that you are the valid client of the odds API you are integrating into your application. You can either choose the free odds API or you might need to pay a certain amount to get the API integration key for your application.
It is always advisable to keep the API key as secure as you keep your passwords. If you lost your API key then you always have the option to request a new API key and by doing so you will be able to void your old API key.
3. Make Sure You Read the API Documentation Carefully
The API documentation describes how to integrate the API into your application and how to effectively use it. Read the document carefully to develop your knowledge about how to get API keys, how to send a request, and fetch data from thousands of sportsbooks.
4. Connect the Odds API With Your Application
Top Bookmakers of the Odds API
We have derived a list of the top bookmakers of the odds API that are segmented by region including The USA, UK, EU, and Aussie.
US Bookmaker Odds API
- Betfair Exchange
- Draftkings Sportsbook API
- Bovada API
- William Hill
- Barstool bookmaker
UK Bookmaker Odds API
- Betfair Exchange
EU Bookmaker Odds API
- William Hill
Aussie Bookmaker Odds API
- Betfair Exchange
What Types of Odds Data Does Odds API Provide?
Odds API provides data for almost all kinds of sports including:
- Football Odds Data: American Football, Aussie rules, NFL, College Football
- Soccer Odds Data: A-league, Super league-China, England EPL, FIFA world cup, Swiss superleague.
- Basketball Odds Data: NBA, US College Basketball, Euroleague
- Baseball Odds Data: Baseball MLB
- ICC Hockey Odds Da ta: NHL
- Cricket Odds Data: Big Bash, ICC Championship, ICC world cup, IPL, Test matches, One Day Internationals (ODI)
- Rugby League Odds Data: Rugby league world cup, Aussie NRL
- Golf Odds Data; Masters Tournament Winner, PGA Championship Winner, The Open Winner, The US Winner.
- Tennis Odds Data: ATP Australia Open, ATP French Open, ATP US Open, WTA Australia Open, WTA Wimbledon
- Politics Odds Data; US presidential election winner
Top Odds API Development Provider in India
There is nothing better than integrating live odds API into your betting application to give your users an engaging experience. In order to achieve this, you need to approach the right odds API providers with the right skillset as approaching the wrong ones might not give you a product that is better than other APIs available in the market.
>>> Read More: Best Sports Betting API Service Provider in India <<<
Though several odds API providers have entered the market, BR Softech is still a market leader thanks to its abilities to build customized API including a range of powerful features.
Hire a dedicated API developer from BR Softech to generate huge revenue and build a big user base for your sports betting application.
How Much Does Odds API Integration Cost You?
API integration costs vary based on your business needs. For instance, if you are using an API that fetches data from an open-source or public source database then odds API development cost would be below. If your API needs to retrieve data from paid resources, the cost will be high.
On average the cost of odds API integration with live data feed and powerful features would be somewhere around $20,000 to $45,000. This is just an estimated cost to know the actual cost of API development depending on your need to fill in the get a quote form and talk with our sales team.
Odds API Development Frequently Asked Questions
Question 1: How to find the best odds API service, the provider?
Answer: Depending on the portfolio and client review of the API service provider, you can choose the best odds API service, provider. We advised you to make a checklist of all the questions you come across while thinking about the odds API integration, ask the provider with these questions and see how efficiently they answer these questions.
Question 2: Can I develop a custom odds API for multiple games?
Answer: Yes, our team of developers at BR Softech has excellent development skills. With access to state-of-the-art technologies and wide experience, we can develop customization odds APIs serving the multiple needs of clients.
Question 3: How can I get odds API and What is Its Cost?
Answer: There are a number of odds API service providers such as Betfair, Bet365, Draftking, and so on. You can opt for any of them to get your odds API depending on your cost or features. In case you want a customized odds API, BR Softech is always going to be a great choice. Depending on the API integration, the cost would range from $20,000 to $45,000.
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.