Configurations
This page allows you to define the settings for each sport/league/market. You can find this page here .
Create a new configuration
There are two different pages that have an Add Configuration
button which will bring up the view that you can use to define your settings.
Step 1: Configuration settings
1. Select a Sport, and Leagues
You can choose at most 1 sport and at least 1 league per configuration.
2. Choose Markets
Here you can pick the markets that you want to apply this configuration for. Clicking the header will select all the markets under that section.
3. Choose Game Status
Here you can define whether this configuration applies for games that are currently in play or that have not started yet.
4. Consensus Split
This section allows you to define the sportsbook weighting you want to include for the selected sport/leagues/markets.
- The weights need to add up to 100%
- Clicking the key icon marks that book as
Mandatory
, which means that the selected sportsbook has odds for a market / selection to be returned by the API. For example, given the example configuration above, if1xBet
does not have any offerings for the selected leagues, our system will not return any data for those leagues. - The
Minimum Providers
setting allows you to configure how many sportsbooks from your list need to be present for us to generate odds.- We recommend setting this to at least 2 to help prevent issues with stale lines or one sportsbook having incorrect data.
- In the example above, if there are no
bet105
lines available, the weight gets split across the sportsbooks that exist. So the new weightings would beSuprabets (75%)
and1xBet (25%)
5. Add Vig
- Average Odds
- This option takes the raw prices for each Market/Selection and then averages them. You can then add vig on top of the average.
- Devig Odds
- This option devigs the underlying prices, averages the prices, and then adds the additional vig on top.
- We are currently using the
multiplicative
method to devig the odds.- With the Multiplicative method, the vigorish is spread proportionally based on each outcome's implied probability from the initial odds. Higher probability outcomes (favorites) receive a larger allocation of the vig.
6. Min Difference
This setting configures the minimum difference in odds for an update to be processed. This means that if the underlying odds in your weighting change but the weighted average has not changed by this threshold, we will not update the copilot odd. This allows more stability for your users to place their bets since the price will not be changing as often or oscillating back and forth.
7. Min - Max Odds Range
This allows you to keep your odds within a range and to decide what to do if the weighted price is outside of this range.
- Keep Price in Range: will pin the price to the thresholds you defined, if the weighted price is -20000, we will set the price to -10000 based on the example above.
- Suspend: will lock the price, so the odd will no longer be available to be bet on.
8. Name
This setting allows you to name the configuration so it is easier to find in the list view.
Step 2: Customization
This page allows you override any of the previous settings for a particular market. If you want to apply a different vig for a different market or change the sportsbooks that are used, this is the page that you would be able to make these settings.
Updated about 1 month ago