Since 2022 and first to market, Sportradar has been transforming the status quo

                          for trading betting markets
   Achieves PwC ISAE 3402 Type1 certification, validating the accuracy of its
                       financial reconciliation processes

ST. GALLEN, Switzerland, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Sportradar's (NASDAQ:
SRAD) Alpha Odds, its automated odds recalculation tool which allows operators
to generate bespoke betting prices in line with their risk exposure and
liabilities, delivered an average profit increase of 10% for clients in 2023,
compared to the performance of its conventional odds product. Launched in 2022,
Alpha Odds boasts a client roster of more than 60 betting operators around the
world.
Leveraging Sportradar's advanced artificial intelligence capabilities, the
pricing models within Alpha Odds more accurately predict the probability of a
game event taking place, enabling operators to manage their risk more
effectively. When combined with real-time and predicted liquidity, Alpha Odds
allows operators to maximise trading efficiency in line with their trading
strategies.
An analysis of 17 million betting tickets across 60 of Sportradar's operator
clients demonstrated the effectiveness of the artificial intelligence models
within the odds recalculation service. Compared to the performance of the
company's conventional odds product, operators utilising the Alpha Odds solution
were able to adjust their betting prices in 'real-time' to stabilise their
trading operations and improve trading efficiency by 11%.
The financial reconciliation aspect of Alpha Odds has recently been
independently certified by auditors PwC, with the solution achieving the
International Standard in Assurance Engagement (ISAE) 3402 Type 1 for matching
and client invoicing calculation systems. The ISAE 3402 Type 1 certification
recognises the power of Sportradar's computational practices and provides
clients with visibility of key processes that are driven by the performance of
the Alpha Odds solution.
Darren Small, Senior Vice President of Managed Trading Services (MTS) at
Sportradar said: "Since Alpha Odds introduction to the market in late 2022,
Sportradar has transformed trading betting markets. The independent ISAE
certification validates the performance of Alpha Odds and provides confidence to
clients that the associated financial aspects of the solution are transparent
and accurate."
For more information, please click here (https://sportradar.com/wp-
content/uploads/2023/01/Alpha-
odds_online_sr_2023.pdf#:-:text=Using%20powerful%20AI%2C%20Alpha%20Odds,it%20all
%20in%20real%20time).
About Sportradar
Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports
technology company creating immersive experiences for sports fans and bettors.
Positioned at the intersection of the sports, media and betting industries, the
company provides sports federations, news media, consumer platforms and sports
betting operators with a best-in-class range of solutions to help grow their
business. As the trusted partner of organizations like the ATP, NBA, NHL, MLB,
NASCAR, UEFA, FIFA and Bundesliga, Sportradar covers close to a million events
annually across all major sports. With deep industry relationships and
expertise, Sportradar is not just redefining the sports fan experience, it also
safeguards sports through its Integrity Services division and advocacy for an
integrity-driven environment for all involved.
For more information about Sportradar, please visit www.sportradar.com
(http://www.sportradar.com)
Sportradar Contacts
Media:
Sandra Lee
Press@sportradar.com
Investor Relations:
Jim Bombassei
Investor.relations@sportradar.com
Â