Online Betting Technology Voted Tops at BetFair

Technology is a major factor in what gets online casinos on the "best of the best" lists.  And now that technology is evolving on an exponential scale, the bid to have the most sophisticated software in the online casino gambling industry is becoming more competitive each day.  Recognizing the importance of technology, the British Sunday Times ranks the UK's Top 100 Tech companies based on accumulated sales every two years.

BetFair, which is one of Britains leading online betting exchanges and casinos, was ranked as the seventh fastest growing company on the Times Tech Track 100 recently published by the Sunday Times.  And it is the technology of the company which seems to be the deciding factor in BetFair's remarkable growth and business reach.  According to BetFair's Chief Executive, Stephen Hill, the company has revolutionized how punters place their bets at online casinos and sportsbooks.

Although BetFair does not offer standard online casino games, they do have a very large online poker rooms with hundreds of games and tournaments to choose over.  Additionally, BetFair offers more sports to bet on than any other online sportsbook, including such minorities as snooker, handball, Gaelic games and chess.

The way the software system works is that instead of putting up its own money to back punters wagers, BetFair matches bettors against one another.  For instance, BetFair will post any scheduled sporting events to come, which bettors can then wager on.  Punters can request their own odds if they like - and other bettors can then choose to bet against or with those odds.  Payouts are then determined based on the amount of bettors and which are betting for or against the odds.  Indeed, this takes some serious technology to make order out of, especially considering that BetFair handles over five million bets every day, which are all processed in under a second.  Furthermore, players can continue to make bets play by play, after an event has already started.

Congratulations is in order for BetFair, who has pioneered the way that online sportsbooks and casinos undoubtedly have something to learn from in how online bets are processed.