With over 51 million Americans hopping on a bike each year, cycling is the third most popular outdoor activity in the US. Many people don’t think of it as a sport to bet on, but the popularity of cycling makes minor events a betting gold mine for bookies.
Here, we will talk about how considering cycling betting trends can benefit your sportsbook. Read on to learn how to set up betting opportunities for bike enthusiasts with a pay per head sportsbook platform.
Why Offer Cycling Betting Options?
Cycling is a popular recreational activity, meaning that many people like participating in local events. Some of these are team events while others are individual marathons.
Those in races need to cross the finish line before their competitors, so sports betting agents can let people put money down on bikers that they believe will come in first. They can also bet on individual bikers’ times.
As you can see, there’s a lot of diversity regarding betting strategies for cycling. Online bookies largely ignore them because cycling doesn’t have the major events of football or horse racing.
By offering cycling betting options, you set yourself apart from competing sportsbooks that do not have these exciting local races. This makes people more likely to use your platform for all their sports betting needs!
Setting Odds
Analyzing cycling betting trends with the help of AcePerHead oddsmakers can help you make more money on bets. Experts understand past scores, future projections, and how current events may alter those projections.
For example, a player getting a new bicycle they’re unfamiliar with may have a lower chance of winning than they previously did. Oddsmakers know how to incorporate these facts into their lines.
You’ll be more likely to find bettors when your lines are competitive and enticing, and you’ll make more money when you set well-researched payout rates.
7 Cycling Betting Software Tips
Betting on cycling requires both knowledge of the sport and the right tools to help manage bets effectively. Using cycling betting software can enhance your strategies, improve your decision-making, and potentially increase profits. Here are 7 tips for using cycling betting software:
- Analyze Historical Data
Choose software that provides access to detailed historical data on riders, teams, and events. This helps in identifying trends such as how a rider performs under different conditions or in specific races.
Understanding past performances allows you to make more informed predictions about future races.
- Track Real-Time Updates
Ensure the software provides real-time updates and live race data. This can be critical for in-play betting, where odds fluctuate as the race progresses.
Keeping up with race developments (e.g., crashes, weather changes, or attacks) can help you capitalize on shifting odds.
- Leverage Predictive Algorithms
Some betting software incorporates machine learning or predictive algorithms. Use these tools to forecast the likely outcomes of races based on current form and other factors.
These algorithms can offer insights that might not be immediately obvious, helping you make smarter bets.
- Use Stake Management Tools
Look for software that includes bankroll management features. These tools help you manage your betting stake to ensure long-term profitability and avoid emotional betting.
Proper stake management ensures you don’t bet recklessly and helps maintain a sustainable betting strategy.
- Track Rider and Team Form
Choose software that provides rider and team statistics, including injury reports, recent performances, and even social media activity, which could indicate form.
Rider form can fluctuate, and betting on a rider who has shown strong recent performances is often a better strategy than relying on long-term reputation alone.
- Set Alerts for Odds Movements
Many betting software tools allow you to set alerts for specific odds changes. Take advantage of this feature to be notified when a bet reaches your desired odds.
Catching a favorable odds change at the right time can maximize your potential returns.
- Take Weather Conditions into Account
Weather can drastically affect race outcomes. Some cyclists perform better in dry conditions, while others thrive in the rain. Use your software to monitor weather forecasts leading up to the race, as this information can inform your betting choices.
Incorporating these tips into your cycling betting strategy can improve your chances of success and ensure you’re making data-driven decisions with the support of your betting software.
Customizing Your Top-Tier Sportsbook
Adding cycling betting odds to your sportsbook has never been easier than it is with AcePerHead. You choose from a ready-to-use template, add your brand information, and showcase the events you want to offer betting opportunities. if those are cycling events, great!
Our team will integrate cycling-related lines onto your interface. They’re 100% configurable to your needs, but we’ll get them onto your website so people can place one-click Bitcoin bets securely. When a winning bet happens, the payout will be automatic.
You can also integrate software that tracks the progress of ongoing cycling events. This lets people place live bets even while the event is taking place.
Set Up Your Sportsbook With AcePerHead
Now that you know the ins and outs of cycling betting for online sportsbooks, it’s time to begin making money from gamblers across the US.
At AcePerHead, we’re committed to helping you launch a mobile-ready website made from one of many templates. You can add a wide range of teams, events, and players for many sports including cycling betting.
We’re excited to help you start taking expert cycling wagers ASAP, so create a custom website to get a six-week free promo of AcePerHead.
Ace Per Head has been in the online bookmaking services business since 1998 running one of the top-rated and most trusted brands in the pay per head industry. We give our bookie agents the personalized dedicated service they deserve.
