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,” said Dotan Lazar, LSports CEO & Co-Founder. “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.”