Bet Builder
Definition
A sportsbook product allowing players to combine multiple selections from a single event into one priced wager. A core differentiator across modern sportsbook platforms.
Why it matters
Related terms
- In-Play BettingProduct
Sports betting on events while the event is in progress, with odds updated in real time. The dominant share of sportsbook turnover in most mature markets.
- Sportsbook PlatformPlatform
The B2B technology stack providing sportsbook product: pricing, trading, market management, customer-facing UI components, and risk management. Distinct from casino-only platforms.
- TradingPlatform
The discipline of setting and adjusting prices, managing liability, and responding to market signals in a sportsbook. Combines quantitative modeling with human expertise.
- MarginCommercial
The structural profit built into operator pricing. Used distinctly for bookmaker margin (sportsbook), house edge (casino), and overall operating margin.
- Bookmaker MarginCommercial
The structural profit margin built into sportsbook odds. Synonymous with overround in single-event analysis.