Sports betting has been there for many decades. However, today's sports betting market is quite vast. More than ever, people enjoy placing bets on their favorite sports. Thanks to sports betting software development for offering next-level fun and convenience to the bettors. People no longer need to be present in the stadium or shop to place bets. They can watch sports matches and place bets, using their Smartphone, tablet, or desktop, from the comfort of their place. Also, with the sports betting app, bettors can earn reward points and enjoy live streaming of their favorite leagues.
Seeing the immense popularity and traction for online sports betting, many businesses are inclined towards building their own sports betting applications. Investing in sports betting app development is a lucrative decision, as one can reap enormous business benefits and great ROI. However, it requires you to have detailed know-how to build a powerful sports betting app. You must know how much money you need to spend on overall development and what features you need to cover. In this post, we will help you understand both aspects so that you can get started with your app idea.
Before that, let's see some popular sports betting apps you can get motivation from.
Popular Sports Betting Apps
- Bet365
Bet365 is the most popular gambling company with around 53 million customers. With its feature-pact mobile application, the company got a new height of success. From live streaming to sports stats to personalized bets, Bet365 offers all amazing features that keep users hooked.
- 888Sport
888Sport is one of the renowned sports betting apps loved by millions of bettors. The app supports multiple sports including Tennis, Football, Horse racing, Cricket, Snooker, Golf, and more. Users can place both pre-match and live bets on a range of events as per their choice.
- William Hill
William Hill is another most loved betting platform with around three million customers. The app supports different sports including Football, Horse Racing, Rugby Betting, Tennis, Boxing, and more. It offers plenty of exciting features such as in-play-betting, cash-out, flashes odd, live streaming, and more that keep bettors coming back.
- Betfair
With interesting UI and features, Betfair is attracting a massive number of users. The app lets users enjoy betting on several sports including horse racing, greyhound racing, tennis, politics, golf, cricket, rugby, boxing, and lots more. It offers easy login with face id, live sports streaming, and more exciting stuff.
- Ladbrokes
Ladbrokes sports betting is a globally popular app letting users bet on multiple games such as Basketball, Cricket, Football, and more. The app offers guaranteed odds, easy cash-out, secure payment gateways, and many amazing features.
You need to study the above apps in detail and understand how they function, what features they cover, and why they are successful. Apart from this analysis, you need to consider the below essential features to build an engaging sports betting app.
Features of Sports Betting App
User Panel
- Login/Sign Up
This is the most essential feature of a sports betting app ensuring secure access. However, the sign-up process should be easy so that users can get started quickly. For more convenience, offer a social media login/sign-up option.
- Sports Categories
Offer multiple sports options to attract more users and keep them engaged. There should be multiple sports categories so that users can choose as per their interests.
- Betting Categories
Different bettors have different interests and needs for betting. Thus, your app must support multiple bet types such as single, head-to-head, totals, handicaps, each way, and multiples. Users can select their preferred category and start betting.
- Player Information
Users should get detailed information of each player so that they can make wise decisions about betting.
- Complete User Guide
There should be a detailed user guide to help beginners, or new users to understand how the app functions, its features, and terms & conditions.
- Live Streaming
Live match streams let users enjoy the match and place bets simultaneously. As users get live match updates, they can make quick decisions and create better strategies for betting.
- Multi-language
If you want to reach global customers, add multiple language options to your app. Users from different countries can choose their preferred language and use the app seamlessly.
- Multiple Payment Gateways
There should be different payment options so that users can do transitions conveniently and quickly. Having a high level of payment flexibility and security boosts customer experience and improves retention rate.
Admin Panel
The admin panel should cover all essential features for seamless management of all the aspects of the app.
- Admin Login
Admin needs to create an account and login to access user details and confidential information.
- Managing Users
Admin should be able to track and manage all the information of registered users and their activities.
- Managing Rewards and Loyalty Points
Admin can manage referral and reward points allocated to the users. This ensures fair allocation of rewards to each user and entices new users to use the app.
- Managing Payments
Admin should be able to track and manage the payments by users and distribute them appropriately among the winners.
Additional Features
- Social Media Sharing
Let the users share the games they are wagering on with their friends and family. Also, they can invite friends on social media to use your app.
- Notifications
Send users the latest news and updates about the sports and betting market that they are interested in. Also inform users about the prices, reward points and money they have won, and bets they have placed.
- Betting Tips
Provide newbies with expert betting tips to ensure fair gameplay and increase retention rate.
- Cryptocurrency And Fiat
Your app should support all the major crypto currencies and Fiat for improved payment flexibility, transparency, and security.
- Calendar and Schedules
Users can check the upcoming events and plan their betting game accordingly.
Above all, are crucial features you must consider for your sports betting app to attract and retain maximum users. Now, let’s see how much money you need to spend on developing feature-rich sports betting software.
How Much Does it Cost to Build a Sports Betting App?
Sports betting app development cost depends on several aspects such as licensing, UI design, features, functionality, back-end, front-end, and more. It may also vary according to your choice or requirement of the platform (iOS/ Android), marketing campaigns, hiring developers, and so on. Thus, it is difficult to mention the exact figure. Still, on average, the cost to build a feature-pact sports betting app may go around $33,000 to $ 42,000 including overall aspects.
On a Final Note!
Developing a sports betting app is a big investment. Thus, you need to be careful with every decision and choice, be it regarding features, functionality, or sports betting software development company. Make sure to reach out to an experienced company that can help you with any complex requirement.
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