Several online sportsbooks that accept government currency feature sophisticated APIs (Application Programming Interfaces), but unfortunately, only a handful of crypto sportsbooks have ventured into this territory. Previously crypto bettors could count on the BetBTC API but they’ve since closed shop. Fortunately, 2 of the top crypto sports betting sites, Cloudbet and Stake offer APIs.
APIs and Bots Defined
A crypto betting API allows communication between a user’s computer and a sportsbook or betting application. When using a sportsbook’s API you’re sending the sportsbook service requests, such as a request to check odds, a request to check your balance, and most importantly a request to place a bet. The sportsbook will receive the service request and respond to your computer via the API.
In order to communicate with an API, you’ll need a software program. If the program can place bets automatically then it can be referred to as a betting “bot” as in robot.
Before you’re able to communicate with the sportsbook’s API you’ll need to sign up and retrieve your API key which is your access credential to log in and use the API. You’ll need to include your API key in the code of your program to establish a connection to the crypto sportsbook.
With your program, you can code and implement odds gathering and analyzing, a customized interface that streamlines your betting, or a fully automated, or semi-automated, betting strategy.
Why use Betting Software?
A lot of bettors use APIs to monitor odds. These APIs are great for traders who use price trend modeling, rather than betting knowledge, to predict and take advantage of odds changes.
Betting software can also be valuable for live in-play traders who need to make bets as quickly as possible in order to get a price before the market adjusts and the opportunity is lost. The programs increase the trader’s speed by allowing one-click betting with pre-defined stakes. This is faster than betting through the sportsbooks website where the user must:
- Click on the selection,
- Manually enter the stake,
- Click to make the bet,
- Click again to confirm the bet
With betting software that can all be done in one click.
Users can even make bets without being at their computers, by setting automatic bet triggers based on predefined criteria. Things such as the price trend, liquidity, score, and amount of time remaining in the game. All of which the betting software gatherers from the data feeds of APIs.
APIs can also be used for price change alerts, betting performance reporting, historical data analysis, stats crunching, and normal betting.
What is a Sports Betting API?
APIs (Application Programming Interfaces) are software tools that allow different applications to communicate with each other, enabling the exchange of data and functionality. APIs are important in many industries, including sports betting, as they provide easy access to real-time data, odds, and other information.
Sports betting APIs feature team statistics, real-time scores, and game predictions, and are designed to communicate smoothly with other devices.
Additionally, these APIs provide access to data and functionality needed to create sports betting platforms, such as odds, scores, and results. In fact, developers must know how these APIs work to build a new sports betting platform or integrate APIs into an existing platform.
How does it Work?
A sports betting API works by providing code to developers that they can embed into their sports applications. Further, the API takes specific action once it receives function calls, which are in the form of phrases. Then, it performs calculations and GET requests using algorithms to extract data from other APIs. This process enables the API to show live sports, line-ups, statistics, odds of winning, and more via data feeds.
Additionally, sports betting API accompanies documentation containing instructions on how to make it work. The API stores data in databases, which are often designed to handle large volumes of data, and provide fast access to it.
Once the data is collected and stored, it can be transmitted through APIs to registered users with access to the API. Users can interact with the data by sending requests to the API, which retrieves the relevant data and returns it to the user in a structured format, such as JSON or XML.
To access and interact with sports betting APIs, users typically need to obtain an API key or token from the provider.
Why is it Important?
Sports betting APIs are important because they provide users easy access to real-time data, odds, and other information related to sports betting. API providers can even generate revenue by charging fees for letting users access their platform and services. They can earn commissions through affiliate marketing, and partnerships with sportsbooks and betting operators.
Before the advent of sports betting APIs, obtaining timely data and odds for sporting events was a tedious and time-consuming process.
It required manual data collection and analysis, which was prone to errors and often lacked the necessary speed and accuracy to be useful for betting purposes. APIs have revolutionized the sports betting industry by making it easier for developers and users to interact with various sports betting platforms. APIs enable sportsbooks, bookmakers, and other data providers to make their data available in a shared format that can be accessed and integrated into third-party applications.
APIs also provide users with historical data and analysis tools, which can be used to evaluate past performance and identify trends helpful in making future bets. Unlike before, APIs now provide users access to various sports, events, and betting markets, allowing them to find the best odds and betting options available.
Different Types of Sports APIs
Sports APIs have become an essential component of the modern sports industry, providing developers and users with easy access to a wide range of sports-related data and information.
However, different sports APIs provide different data types and information. For example, some APIs may be focused on providing data related to a specific sport, while others may provide more general data that covers multiple sports and events.
Thus, understanding these types is important as it’ll help developers and users choose the most appropriate API for their needs, and better implement the data and information provided.
Below is the list of 6 types of Sports APIs:
Odds APIs are a type of sports API that allows users to retrieve the latest betting odds for a wide range of sports, including football, basketball, baseball, tennis, and more.
These APIs work by aggregating odds data from various bookmakers and sportsbooks and presenting it in a standardized format that can be accessed and integrated into third-party applications. It allows developers and users to access the latest betting odds from multiple sources through a single API.
Odds APIs can provide different types of odds, such as moneyline odds, point spread odds, over/under odds, and future odds, depending on the user’s needs. These APIs can also be customized to provide odds for specific sports events, and betting markets, or types of bets.
For example, a user may be interested in retrieving odds data for the English Premier League but only for the match-winner market. Thus, the API can be customized to provide only the odds data for that specific match-winner market, making it easier for users to access the needed data.
Sports data APIs allow users to retrieve sports-related data, such as player stats, fields, courses, team stats, game schedules, and more. Data APIs work by aggregating data from various sources and presenting it in JSON or XML format. Users can access the data from third-party applications.
The data APIs provide information on the following:
- Player statistics: Points, rebounds, and assists.
- Team statistics: Wins and losses.
- Game Schedules: Dates, times, and locations of upcoming games.
- Historical data: Past game results and player performances.
Market APIs provide access to betting markets for various sports and events, allowing users to retrieve the latest betting market information. The market APIs have access to moneyline, spread, and total markets. The moneyline market is the most basic betting market, where users bet on which team or player will win a particular match or event.
The spread market is a more advanced betting market, where users bet on whether a team or player will win by a certain margin or not. The total market is another popular betting market, where users bet on whether the total score of a match or event will be over or under a certain value.
Bookmaker APIs allow users to retrieve information about betting options, odds, and other features provided by different bookmakers or sportsbooks through a single API. Bookmakers are typically classified based on their region, and this classification can be specified using an Excel and Google Sheets add-on, or by making an API request. Regions available are US, UK, EU, and AU bookmakers.
These APIs connect to the bookmaker’s server and retrieve data for use. The different types of bookmakers that can be accessed through bookmaker APIs include William Hill, Bet365, Ladbrokes, and more.
Payment API seamlessly adds payment processing capabilities to existing applications and software. It allows sports betting platforms to manage their users’ payment experience better.
The API works by linking users with their preferred payment option to a dollar amount, and then to the merchant.
Several payment APIs are available, including credit card APIs, e-wallet APIs, and bank transfer APIs. Credit card APIs enable users to make payments using their credit card information. E-wallet APIs allow users to make payments using electronic wallets, such as PayPal or Apple Pay. Bank transfer APIs enable users to make payments directly from their bank accounts.
Payment APIs also provide a range of features and functionality, such as instant settlement and access to payment transaction data.
Developers can leverage social APIs to incorporate connectivity into their applications or to gain access to the analytical or manipulation capabilities of a social media platform’s databases. Essentially, a social API works as the link between an application or website, and the platform’s cloud server, regardless of the programming language being used. Several types of social APIs are available, including social media APIs, chat APIs, and messaging APIs.
Social media platforms can integrate a social media API to allow third parties to access media data and functionalities, which developers can integrate into their applications and websites. Social Media APIs will enable you to query a social platform for users, posts, demographic data, and channels. Some popular examples of social media APIs include Instagram API, LinkedIn API, Facebook API, and Twitter API.
Chat API is an application program interface that provides access to a back-end chat service & server infrastructure with the stability and broad features required to easily embed real-time chat inside of your app at a scale suited to your needs, from an intimate conversation to a very large chat group. Some commonly known Chat APIs are HelpCrunch Chat SDK & Messaging API, PubNub, and Sinch.
Messaging APIs enable developers to integrate messaging functionality into their applications. Examples of Messaging APIs include OptionParser.cpp, client.cpp, OptionParser.h, drain.cpp.
How to Find a Good API?
We’ve taken the guesswork out of finding reliable APIs and list our top picks below. Here is their documentation:
Fairlay API offers comprehensive documentation for integrating code, covering everything from the Service Layer to the Client endpoint. For developers who prefer working with code samples rather than specifications, Fairlay also provides Python and .NET C# Clients that can be used to get started quickly.
If one prefers to create their own client using their preferred language, they can begin by reviewing Fairlay’s Server Layer API documentation. It is a low-level API that works with both TCP and HTTP protocols. Additionally, Fairlay API provides a data types section dedicated to explaining how it handles data, which can be helpful for further understanding the platform.
With the ZenSports Open API, both sports bettors and developers can take advantage of a wide range of features. These include auto-creation, accepting and managing bets on a large scale, and setting up automatic deposits and withdrawals in all currencies. Furthermore, users can access various other features remotely, outside the API app.
The documentation contains a range of API calls and features that developers can leverage, including:
- Funds and Transactions
- Fantasy Contests
- Cryptocurrency Transactions
- Referral Bonuses
- SPORTS Rewards Program
- SPORTS Exchange
- SPORTS Token API
Cloudbet has gone the extra mile with its API offerings. Not only do they provide you with thorough tutorials and documentation to interact with their APIs, but they also provide you with “play euros” to help you test your program.
As previously stated, Cloudbet offers several APIs:
- Cloudbet Trading API – contains navigation data, odds and volumes retrieval, and bet placement operations.
- Cloudbet Feed API – provides access to market data allowing you to subscribe to and efficiently track changes to the available bets, and odds, as well as structuring your betting data.
- Cloudbet Account API – contains account-related operations such as the ability to retrieve your available account balance and other account information.
The Stake has been reluctant to offer it publicly on their site citing safety concerns. After logging in you’ll be able to generate an API token from your account settings.
You’ll be able to utilize the same features available at Cloudbet but there’s no documentation on how to interact with the API. However, since Stake is powered by the API, you can reverse-engineer the API by examining the requests made by the website.
It’s important to note that since the Stake API is primarily intended to be used by their website they may make changes without warning that break your program.
How to Get an API to Work?
The best way to get a betting program to work with a sportsbook’s API is to write one yourself, hire a coder to do it for you, or by following Stake and Cloudbet API guides. If you go to the marketplace only consider a program that will give you a free trial or let you pay monthly subscription fees rather than lump-sum payments.
Stay well clear of companies that push market computer-modelled betting software or trading tools, and betting syndicates that say they will get you guaranteed profits. These are scammers who prey on gullible people. You can read about some typical sports betting scams at the Australian government-run scam watch website.
APIs allow developers to share data and functionality across different applications, platforms, and devices. It makes it easier for teams to work together on projects and reduces the time and effort required to develop new applications. APIs also enable developers to create modular and reusable components, which can be shared and reused across multiple applications. Thus, it leads to faster development cycles and more efficient use of resources.
With APIs, developers can access various tools, libraries, and services, saving time and effort. It leads to faster innovation and the development of new applications at a lower cost.
APIs help sports betting platforms generate new revenue streams and create value from their data assets. They allow developers to monetize data by exposing it to external developers or third-party. Some direct ways to gain value from data include metered billing or subscription, and selling data or API access to external software developer teams.
Additionally, indirect data monetization involves API integration with a partner such as Salesforce. It allows sports betting platforms to gain new users in different segments.
APIs use authentication and authorization mechanisms to control sensitive data and functionality access. Thus, APIs provide a secure way to expose data and functionality to external applications without exposing the underlying systems to potential vulnerabilities.
End-User Security and Privacy
APIs can also protect end-user security and privacy by allowing users to control their data shared with external applications. For example, a user could grant a third-party application access to their data for a limited time, or revoke access if they no longer trust the application. APIs can also encrypt data in transit and at rest, ensuring that sensitive information is not exposed to unauthorized parties. It can help build trust with users and protect their data.
Future of APIs
Today, APIs are essential in the data pipelines that feed most machine-learning systems. In fact, ML algorithms have been directly calling APIs to perform needed actions. Thus, one trend likely to emerge in the future of APIs is the increasing use of AI and ML.
These technologies are already being used to develop intelligent APIs to predict user behavior, analyze data, and automate tasks. In the sports betting industry, for example, APIs can analyze large volumes of data from various sources, including social media, news articles, and past betting patterns. It can help bookmakers make more accurate predictions about the outcomes of sporting events, and provide personalized recommendations to users.
Another trend likely to emerge in the future of APIs is the use of blockchain technology. Blockchain provides a decentralized, transparent, and secure way to share and store data, which could be particularly useful in the sports betting industry. Using blockchain, APIs could enable users to make bets and transactions without a centralized authority, such as a bookmaker. It could lead to greater transparency, fairness, and trust in the sports betting industry, and reduce the risk of fraud and corruption.
To summarize, sports betting APIs allow developers and users to interact with sports betting platforms, and offer access to real-time data, odds, and other related information. These APIs have revolutionized the sports betting industry by making it easier for users to access various sports, events, and betting markets, allowing them to find the best odds and betting options available.
There are six key types of sports APIs: odds APIs, data APIs, market APIs, bookmaker APIs, Payment APIs, and social APIs. These APIs provide different data types and information related to sports, and understanding them helps developers and users choose the most appropriate API for their needs.