The proprietary software integrates with a casino’s sports or race book or a fantasy sports platform, creating a closed virtual marketplace where anyone who has registered a casino wager or fantasy sports entry can upload all or a designated fraction of their live ticket for resale to anyone else in the same book or platform.
How it Works
The Process
Get Out Ahead has developed software that allows gamblers and fantasy sports players to sell all or part of their bet or entry to a third party while it’s live.
Integrated Software
Sell All or a Portion of Your Bet
The full or fractional selling of bets/entries/teams increases liquidity for the sellers.
Purchase Bets
Buyers can purchase bets and entries that are in more attractive positions, or they can buy bets and entries at a discount if the odds of winning are worse than when the bet or entry was originally made.
The House
The institution running the book or hosting the fantasy sports exchange benefits as well, because both buyers and sellers are spending more money on their platform and user activity is much greater, thereby providing exponential opportunities for additional commissions and advertising revenue.
Software
To facilitate an easier second-hand transaction, the software includes a proprietary pricing mechanism specific to the hedging exchange or sportsbook that provides a low, medium or high price schedule for a resold ticket.
Price Estimates
The determination of the price estimates may be based on a number of factors, including, but not limited to, current real-time odds, odds of the original wager, percentage of wager offered, and maximum payouts. This helps the seller set a realistic price quickly and allows buyers to better evaluate the ticket or entry they are considering buying.
Learn more about how Get Out AHEAD works.