Maybe the history of sports betting/gambling is as vintage as the inception of money. What started as a mere fascination, has now snowballed into 450 billion USD industry. The emergence of technology was also a great favor for the sports betting industry. And the technology did what it is best at doing – simply globalized the betting/gambling industry. Online sports betting app development gave them the boost that it needed.
Little did we know, online sports betting had already taken over the whole world. Soon enough, the internet was filled with online sports betting mobile apps, websites, web apps, portals, etc. Now punters and bookies could connect from anywhere and at any time and check odds, place their wager, etc.
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Online Sports Betting Market Demographics
The market of online betting or gambling is not only thriving but it is prospering like never before. According to a reliable source, despite being illegal in many countries, the market for online sports betting was worth 83.65 billion USD in 2022. And believe it or not but by the year 2030, it is going to be worth 182.12 billion USD.
Now that is something that forces me to say that this game of the game of chance will gain a certain growth by the mid of this decade. Well, you can place your bet on that if you will.
Online gambling/betting constitutes various modes of playing like Casino, Poker, Black Jack, Sports betting, etc. These all games are accessible to the players via websites or mobile apps etc. Ease of access and instant settlement have become major reasons behind the success of the online betting industry.
Now that everyone knows about the lucrative opportunities in online sports betting websites and mobile apps, everyone wants to have a piece of it. As a result, the industry is starting to experience smothering competition already.
Users of modern technology do not just want a platform that gets the job done, after using it for a while, they demand something new and more. Therefore, online betting app developers are constantly coming up with new capabilities, features, and functionalities to keep these platforms engaging and interesting. It is only by partnering with the best online sports betting website and app developers you can increase your odds of growing in this competitive market. We will get to that point as well.
Games Involved in Online Sports Betting and Gambling
The internet is swarming with countless sports betting apps and games. And you can wager your bet on anything. However, there are a few famous sports and games that are making among the habitual bettors and bookies. Hence, if you are planning on developing an online betting website and app then you must include these sports and games to keep the visitors engaged in the experience.
These sports and games are Soccer, Cricket, Football, Basketball, Tennis, Horse Racing, Hound Racing, Teen Patti (20-20, One Day, Test), Casino, Roulette, Live Poker, Black Jack, 32 Cards, Andar Bahar, Worli Matka, etc.
How Does an Online Sports Betting Mobile App/Website work?
It works simply like a regular betting but instead of bookies, the website or app holds the money until the bet is settled. For example, think of two 2 friends sitting in a bar and watching football on a TV. They have different opinions on the outcome of the match so they decide to bet against the odds of each other. As a result, one is laying a team and another one is backing. Here, both of them are the punters and the barman holds the money until the bet is settled. The barman does not participate in any bet whatsoever. Here in this entire scenario, the website is the barman.
So this is the basic concept of an online sports betting website. For a website or mobile app to offer the tools and functionalities of the best sports betting websites like Betfair, there are certain APIs are available that can be integrated into your website or mobile app.
Why Use a Website or App For Betting?
Because a website or mobile app is simple, fast, and accessible to anyone and anywhere. Online sports betting website or app offers punters an inclusive infrastructure that streamlines the entire betting and gambling process from placing wagers to bet settlement.
It allows them to access multiple games and place various bets at a time. That all can be done with just a few taps on the smartphone display.
The best part is for casino games the gameplay can be tweaked to make the game more engaging. More engagement means more bets and more bets mean more chances to win. And in a broad sense, it is profitable for website owners.
Hence, in the success of your betting business, the right online betting software development plays a major role.
Top Online Sports Betting Mobile Apps and Websites
General Features of Sports Betting Application
|User Panel||Booking Panel||Admin Panel|
Advanced Features of an Online Sports Betting Website/App
Features are all that there is that wins or loses the competition when it comes to online betting apps. Your services communicate through those features. So it is safe to ‘back’ features while developing your online betting website. The features can be exclusive for punters and bookmakers. Amid of all creative features, there are some that your next betting website must have! Here are some of them,
1. Live Score
Live score is a rather intuitive and helpful feature that allows the bettor to keep the track of the game right from the website. This feature enhances the betting experience in multiple folds by engaging the user on the platform while the user can check the status of the game while managing his/her bet accordingly. It seems a tiny little feature but goes a long way when it comes to offering a great experience.
2. Live TV/Streaming
There are certain APIs are available that allows web developer to integrate Live TV/Streaming right in your website. It is a more engaging and more rewarding for the users to actually watch the live game right on the website and place a bet the way they want. Having the actual game and betting at just one platform keep the users focused and entertained without any disturbance.
3. Live Commentary
Every moment is important for manipulating your bet. Live commentary is a feature that keeps offering live commentary right on the website. This live commentary delivers useful insights that turn out to be very useful when placing new bets or stopping it. This is how it complements the overall user experience of what the website is offering.
4. Live Odds
Live odds is a feature that is based on a payout where the admin can create whole never market solutions to change the participant winning way. The Live Odds offer a certain point of view to helps punters or bookmakers to decide the direction of the betting. Either they can back or lay. Live odds is one of the most important features that you must include in your online betting website or mobile app
5. Support for Multiple Sports
If your online betting website supports multiple sports and allows users to wager on various sports then it will welcome all potential punters and bookmakers from almost every part of the world. And that is exactly why this is an essential feature to have on your website. It will not only be helpful for the users but also for the owners in the most obvious ways.
6. Sports Book
A sportsbook or Book is an impressive feature that makes the whole difference while wagering on something. Sportsbook offers a dedicated betting experience to punters and bookmakers where they can check live stats of the game, check odds, add bets, stop, and etc. from just one screen. The sportsbook provides live shifting stats and odds to the users to keep them updated for every minute.
7. Real-time Bet Settlement
Entertainment and Money are the two reasons why everyone gambler is in this field. The sheer fascination is procured during the gameplay but an instant bet settlement takes the betting experience a couple of notches up. The real-time bet settlement means that bet is settled immediately after the game. Who wouldn’t love that?
8. Live Analytics
From the perspective of placing the bet, Live Analytics is a great feature for both punters and bookmakers. Live analytics offer all necessary data regarding the live ongoing match. With the help of this data, users can calculate the odds and place their bets accordingly.
9. Live Notifications
Live notifications are a great add-on for both betting websites and mobile apps. Live notifications keep the users up to date with the latest score of the teams, shifting data, live feeds, and commentary, etc. so that the users never miss a thing about the match and take necessary actions to maximize their chances of winning.
10. Voice Commands
Take the convenience to the next level by augmenting Voice Commands into your online betting mobile app which helps users to place a wager with the help of voice commands. By just asking the app to increase the bet certainly makes a difference in the terms of convenience. These little steps add up to an entire user experience that helps in earning some loyal customers who become responsible for the growth of your business.
11. User Accounts
After registering to the website or app the users get their dedicated account which certain predefined capabilities. Both Punters and Bookmakers have different accounts with various different capabilities. For example, a Bookmaker or Bookies can manage their clients’ accounts and their bets.
12. Game Schedule
The game schedule keeps all the upcoming sports events or matches on the check where people can stay updated about their upcoming games.
13. eWallet Integration
For fast and secure money load in and from the app, e-wallet is an essential feature that can offer a seamless experience.
Related- How Much Does It Cost to Develop an E-Wallet Mobile App?
14. Customer Support
Great customer support goes a long way in any type of business. Offering unprecedented customer support can win countless loyal visitors or users for your online sports betting app.
Required Team Structure for a Sports Betting App/Website
Any skilled developer can develop an online betting app. But what you seek is not “any” online betting app, in other words, you need a sustainable business model that helps you gain market reputation by offering something beyond the mainstream and helps you grow with countless options for opportunities and possibilities.
For such a business model you need visionary online betting app developers who can turn your ideas into a lucrative reality that helps you achieve your business goal and that works for you. For this, you have two options in your court.
First, you can hire a well-reputed Fantasy sports app development company that has significant experience with the online betting app and website development.
Second, you can hire dedicated online sports betting app developers who will delicately work on your project.
But whatever option choose, you need a team, a team that executes the entire task from beginning to the end. And who are the members of this team? Have a look at the list below.
- Business Analysis Team
- Project Manager
- Android and iOS Developers
- Front-End Developers (UI/UX Developers, AngularJS Developers)
- Backend Developers (PHP Developers, .Net Developers, NodeJs Developer)
- QA Professionals
How Much Does It Cost to Develop a Sports Betting Mobile App?
Now here is the question you have been waiting for. However, the answer to this question is quite relative because there are various factors that may affect the overall cost of the betting app or website.
The thing is, every development project is exclusive in its own way. No similar-looking projects are the same. Sports Betting Web and Mobile app development offer almost unlimited possibilities in terms of customization and augmentation.
Therefore, the odds of cost varying during the development are pretty promising. Consequently, it is not advisable to adhere to the initial quote given by the development companies or team of developers.
But let’s not get into the details, we can save it for some other day. For now, let’s talk about the major factors that can affect the overall cost of a fantasy sports app.
Factors That Affect the Cost of Fantasy Betting Apps
1. Number of Features & Functionalities
After all, it is all about the utility and experience an online betting app has to offer. And both of these elements are the products of features and functionalities. These features require skills and time.
Sometimes they are ready-made and can be integrated easily and sometimes they require to be built from scratch.
Hence, as the features increase, the cost of development would increase too.
2. Number of Platforms (Web App, Android App, iOS App)
Right now, there are two major choices for mobile platforms, Android and iOS. Developing the same app for both platforms is two different processes and requires more time and dedicated skills. Leaving behind any platform may cost you potential clients who are loyal to that mobile platform.
Little did we know, the market is teeming with various types of wearable devices already and people are quite drawn towards them. Hence, it is always a good idea to develop an online betting/gambling app for wearable too.
Similarly, the number of platforms also causes a hike in the development cost of your online gambling mobile app.
3. Geolocation of the sports betting App Development Partner
As it is in the nature of technology, it minimizes the distance. Therefore, here the region means countries. All countries are blessed with different economic conditions and that is a huge factor that defines the cost of their service. In other words, the hourly cost in a country like the USA would be far higher than that in a country like India.
But do not let it fool you, here, the lower amount does not mean that the quality would be lower too. The standards of technology are the same all over the globe. Therefore, if you are careful enough you can get this job done while saving a huge amount of money – sometimes as much as enough for yet another project.
So these were some of the important factors that you should keep in mind while developing an online betting/gambling app or website for your business.
But is there any rough idea about the betting app development cost?
Well, consider an MVC version of a mobile app developed in Asian countries like India, developed for just one platform. It may cost you somewhere around 20,000 to 40,000 USD. But remember, the price will go as up as your expectations go.