It seems that the online world represents a land of opportunities for many professional and recreational bettors. After all, more and more platforms are showing up and reaching new frontiers when it comes to the online betting concept. However, with the emerging innovations on the market, there is also a need that some of these new concepts to be explained to the general public. One of those notable elements that need to be explored is the so-called white label betting exchange. Therefore, the team of professional betting experts at brokerstorm has created this basic guideline about the white label betting exchange model.
White Label Exchange Term – The Basics
This term can actually be explained as a reference to a company that creates a product, usually a betting exchange. Then with all their rights, they can sell or lease it to a different company that puts its own branding on top and advertises it as its own site.
Now, it is important to emphasize that these brand owners are usually reputable companies that have years of experience and are in good standing within the betting community. However, the key question here is why do these companies will pass something to another party. Well, the reasoning is quite simple as they don’t necessarily want the hassle and responsibility of running sites themselves. Also, it is important to emphasize that these agreements are still allowing them a cut of profits while passing the work to another company using their service is an ideal way of doing business.
In other words, white label betting exchange can be defined as a franchise for betting which is based on the original concept that is the brand owner pays for the service and attracts the users while the licenced operator actually provides the product and manages the customer.
This concept can be ideal for certain professional punters that aim to have their own betting platform.
For instance, an experienced bettor can obtain proper software and can conclude a deal with a highly reputable exchange provider thus taking the role of white label betting exchange. To be more specific, this can actually be a great way to get you into the online betting business.
All in all, the white label betting exchange can offer a broad spectrum of opportunities for the average bettor, the betting provider and the primary betting company. In simple words, it represents a form that can be a win-win-win for everyone. At the same time, it can provide you with an opportunity to run your own platform with all the perks and advantages of being a betting provider.
Should you have any further concern or query, feel free to contact Brokerstorm customer support to receive a friendly, fast and professional reply using any of the following contact methods:
Online Chat: https://brokerstorm.com (07.00 am to 23.00 pm UK time zone)