Sportradar Announces Automated Odds Recalculation Tool, Alpha Odds, Boosted Client Profits by Average of 10% in 2023
Portfolio Pulse from Benzinga Newsdesk
Sportradar (NASDAQ:SRAD) has announced that its automated odds recalculation tool, Alpha Odds, has increased client profits by an average of 10% in 2023. Alpha Odds enables operators to create custom betting prices based on their risk and liabilities. Since its launch in 2022, the tool has been adopted by over 60 betting operators globally.
January 30, 2024 | 7:10 am
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POSITIVE IMPACT
Sportradar's Alpha Odds tool has proven to be successful by increasing client profits by 10% in 2023, indicating strong performance and adoption by over 60 betting operators.
The positive performance of Sportradar's Alpha Odds tool, with a significant profit increase for clients and widespread adoption, suggests a strong market acceptance and potential for future growth. This is likely to be viewed favorably by investors and could lead to a short-term increase in SRAD's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100