Smart Pricing Dynamically Adjusts Game Fees to Balance Demand for Games
RALEIGH, N.C, June 25, 2020 – Silbo, Inc., provider of the leading sports officiating automation platform, Go Silbo™, today announced the launch of Silbo Smart Pricing. Smart Pricing dynamically adjusts game fees based on region-specific data like date, time, location, workload capacity, and other factors. By adjusting game fees to better balance demand for games, Silbo has already seen 50% higher fulfillment rates without increasing leagues’ budgets.
“Smart Pricing is the first machine learning algorithm that ensures sports officials maximize their earning potential,” said Paul Dorney, CTO & co-founder of Silbo. “It allows officials to receive the best pay during busy times and creates greater market efficiency by balancing the supply and demand of sports officials and games. Silbo is always looking to bring innovative solutions to the officiating space that benefit our users, and Smart Pricing is the next step in that mission.”
Smart Pricing is made possible by Silbo’s One Price offering. With One Price, all booking and support fees are baked into the negotiated game fee. Game providers need not worry about hidden fees or separate line items: all their costs are predictable and easy to understand.
As the industry leader in sports officiating automation, Silbo has grown exponentially since its founding, providing thousands of sports officials access to games in more than 10 sports across 10 states.
About Silbo, Inc.: Based in Raleigh, NC, with offices in Boston, Orlando, Phoenix, and Washington, DC, Silbo™ is the trusted provider of the sports officiating marketplace Go Silbo™. Made for refs by refs, Silbo automates the connection and payment to qualified sports officials simply and conveniently. The Go Silbo app can be found on the App Store and Google Play.