Betting Software: What Is It, Types, and Best Choices

Everyone wants to get their hands on the best betting software out there. After all, who doesn't want to make money with sports betting, just by following the computer's instructions? Unfortunately, there's a lot of betting software out there, and not all of it works. In this article, we'll give you an introduction to betting software, including what it is, how it works, what types of betting software there are, and — perhaps most importantly — what software to choose.

What Is Betting Software?

Betting software is any software designed to help you make money with sports betting. Since the term is so broad, there are a wide range of functionalities that may or may not be included in betting software. For example, some betting software places bets for you, while other betting software simply instructs you on which bets. In this article, we'll focus on betting software which tells you what bets to place, since software that places bets for you is much less common.

How Does Betting Software Work?

Betting software works by analyzing data from bookmakers and/or past sporting matches. Depending on the type of betting software, it can either analyze data from multiple bookmakers to find profitable arbitrage opportunities, analyze data from past sporting matches to assess value betting opportunities, or look for matched betting opportunities.

Types of Betting Software

As touched on above, there are generally three types of betting software. Arbitrage betting software searches for arbitrage opportunities; value betting software searches for value betting opportunities; and matched betting software searches for matched betting opportunities.

Value Betting Software

Value betting software is software designed to find bets that have a higher likelihood of being correct than bookmakers think. These bets, called value bets, might be incorrect from time-to-time, but are designed to be profitable in the long run. Value betting software works by analyzing past sporting matches to assess the likelihood of certain outcomes in an upcoming match. If the likelihood of an event, as calculated by the software, is higher than the likelihood suggested by the odds at the bookmaker, then the software will tell the user to place that bet. Although value betting software cannot be right 100% of the time, it's designed to produce small and steady profits in the long term.

Arbitrage Betting Software

Arbitrage betting software is designed to help you make money from sports betting in a completely different way. Surprise, surprise — arbitrage betting software is designed to find arbitrage opportunities. Arbitrage betting is the process of taking both sides of the same bet on different bookmakers, to take advantage of differences in odds. This way, no matter what the outcome of the match is, you can be sure you'll walk away with a small profit.

Matched Betting Software

Matched betting software is like arbitrage betting software, in that it tells you to back all the sides of a bet. However, matched betting takes advantage of bookmakers' bonuses and promotions, so as to win free money for every bet placed.

How to Choose Betting Software

So, how do you choose the best betting software? We have a few pointers that you can use to find profitable betting software, whether you plan to use it for arbitrage, value, or matched betting. Our first piece of advice is to stay away from free betting software, for two reasons. First of all, profitable betting software is rarely free; if software is free, it might signal that it's unprofitable or, worse yet, malware. Second of all, even if profitable betting software were free, a large number of individuals would also be using the software, making it significantly less profitable (both for arbitrage and value betting). Our second piece of advice is to use betting software that charges a small monthly fee, instead of a large one-time fee. This significantly reduces the severity of any scams you might run into. If you splurge several thousands pounds on a piece of betting software, and it turns out to be unprofitable, there's not a lot you can do. However, if you spend a few dozen pounds on a month's subscription, you can always cancel if the software performs poorly.

Popular Choices for Betting Software

There is loads of betting software out there, so we'll share a few popular choices for you to review here.

Betslayer

Betslayer is one of the most popular pieces of arbitrage betting software out there. The platform advertises profits of up to £125 per week, or £500. The paid software comes with a free 7-day trial, after which it costs just £49 per month. Like most betting software, Betslayer doesn't require you to download anything, which is great if you're paranoid about putting malware on your PC.

Profit Maximiser

Profit Maximiser is a paid tool primarily for matched betting opportunities. It costs just £97 for a year's membership, but there's also a 14-day trial for just £1. Since it takes advantage of matched betting bonuses, there's a good chance you can make your sign-up fee back with this tool.

Hinto

We might be biased, but when it comes to value betting software, we think Hinto is the best solution. Our sports betting algorithm uses advanced machine learning techniques to analyze sporting matches, finding dozens of opportunities every week to make money on football and tennis betting. Historically, profits have averaged over 12% a month! There are three pricing tiers for Hinto: Standard, Premium, and VIP. Standard costs just £19.99 per month, giving you access to three tips a day across five football leagues. Premium and VIP cost £99.99 and £149.99 per month, giving you more tips at even better odds.

Summary

Betting software is any software designed to make you money by betting on sports. There are three different types of betting software: arbitrage, value, and matched betting software. Each of them work slightly differently, but the end goal of making money remains the same. When choosing betting software, we suggest sticking to paid, but inexpensive tools like Betslayer, Profit Maximiser, and Hinto.