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LSports announces launch of cashout service

| By Guy Parsons

New service allows sportsbooks to manage risks, reduce exposure and improve user engagement.

With its vision of empowering sportsbooks with advanced solutions, world-leading sports data provider LSports has announced this week the launch of its new cashout service. The product aims to improve user engagement, allowing bookies to manage risk and reduce their exposure.

Using this service, sportsbook operators will be able to settle punters’ bets before the result of an event is determined, with the cashout amount depending on several factors, such as the current score of the game, the remaining time and the odds of the original bet.

Bookies can use cashouts as an in-game betting feature but it can also be offered during the season for outright markets.

“LSports keeps improving its offering by adding more unique tools for its customers,” Dotan Lazar, LSports CEO and co-founder, said. “I can promise that this is just the start of a new era in the sports industry, and more new and improved products are coming.”