Sports Betting App Development: How to Get Started | Eastern Peak

How does sports betting work? 5 types of sports betting

Gambling has a straightforward idea: you put money on a certain outcome of an event and receive a reward if your prediction comes to pass. Likewise, you lose what you have invested if you’re wrong.

  1. Moneyline. In moneyline bets, you simply bet on who wins and receive a smaller or larger reward, depending on whether your winner is a favorite or the underdog. For instance, betting $470 on the favorite can result in a $100 profit, while putting $100 on the underdog can get you $250 when they win.
  2. Head-to-head bets. Head-to-head is an aspect of moneyline where you bet on a single winner; for instance, in car or horse racing.
  3. Parlays. Parlays — also known as accumulator bets — combine several bets into one wager. Your potential profit increases as more bets are added to the pool. If any of those bets loses, however, the whole wager is lost.
  4. Teasers. Teasers are a variation of parlay bets where you receive a lower payoff for a larger shift of the point spread in your favor. Basketball, soccer, and football betting apps can get the most benefit from adding the option of teaser betting.
  5. Prop bets. The best app for sports betting will find a way to attract users who have never even placed a bet before. Prop bets offer a fun and easy introduction to betting, and you should include this type of gambling if you want to make your application beginner-friendly. In props, bets are made on events that don’t require any knowledge of the sport or of the teams playing. For instance, which side will win the coin toss, whether the number of the winning car will be higher than 9, and so on.

The best sports betting apps of 2021

The gambling industry market has significantly grown over the years, and it’s important to study your future competitors to determine what makes them successful.

William Hill betting app

William Hill is the largest gambling business on the U.S. market. The sports betting application the company presents offers a wide variety of sports to bet on, and it focuses on making the user experience as smooth as possible. To achieve that, William Hill lets new users place bets for free, makes cash-out possible at any moment, allows live betting, and supplies statistics and analytical tools to help users choose their candidates.

Paddy Power

Paddy Power is one of William Hill’s biggest competitors, offering a large selection of sports to bet on. The key advantage of this app, however, is its specialty as a soccer betting app . Paddy Power allows fans in the U.K. to watch a game live for a small bet of £1.

TVG

TVG is a dedicated horse betting app that appeals to users who are not interested in other sports. The app offers a clean interface, detailed information about past races, live streams, statistics, and bonuses for referrals and new users. Working in more than 30 states, the app has only one significant downside: it is currently available to iOS users only.

The biggest challenges of sports gambling app development

Creating a mobile application requires you to work around significant budget and technology challenges. When it comes to designing a sports gambling app, however, you need to also navigate additional layers of legal concerns.

Laws and regulations

The primary thing you need to do before developing a betting app is obtaining a gambling license. Since betting is not legal worldwide, you have to apply for licenses in all countries and states where you wish to launch the application, and it can be a daunting task to unravel various jurisdictions without a lawyer. Including these consultant services into your expenses estimates can help plan the budget more accurately.

Launching the app to the app stores

App markets place additional restrictions on gambling applications. It’s necessary to review them; otherwise, you may lose funds on your betting app development if you add a feature that your target app store doesn’t permit.

  • your app must target the U.K., Ireland, or France;
  • you must have a gambling license from the locations your app is targeting;
  • your app must be free;
  • you cannot use in-app billing; and
  • your app must have a geo-fence and be rated Adult Only.

How to make a betting app: crucial functionality and features

A gambling application typically consists of two main elements: the user panel and the admin panel. The latter contains the necessary functionality to manage financial transactions, regulate new users, and monitor the app’s performance.

Admin panel

In short, you need to have access to the following through the admin panel:

  • log in/log out;
  • app monetization management;
  • user management (view transaction history, ban or add users, send notifications);
  • app customization functionality; and
  • bookmaker management.

User side

Now, let’s consider some of the crucial features on the user side:

Registration and account

Users can create an account, log in and sign out. Make sure to apply regulations to prevent minors from accessing the app. It depends on the country’s laws that determine how old a person must be to gamble.

Place a bet

Functionality to let users create wagers is the most crucial part of any online betting app. Aim for a simple and intuitive interface that guides a person through every stage of the process quickly and without hassle. The easier it is to place a bet, the more inclined users will be to participate.

List of wagers

Users should be able to view all existing bets.

Wallet

Enable users to link their cards and payment system accounts to the application. This helps place bets with a single tap after the initial setup, instead of filling in all the payment details every time someone wants to create a wager.

Menu

This panel gives access to a user’s account, bets, wallet, notifications, settings, friends, and other pieces of functionality your application presents. An aggregator gambling sports app should also provide a list of sports in the main menu to choose from.

Notifications

Update users about important events, game results, and new messages. For bet outcomes and other exciting or pressing news, it is beneficial to use push notifications.

Betting guides

Create an easily accessible guide page that explains different types of betting to new users without forcing them to leave the application.

Statistics and schedules

Help users stay up-to-date with game schedules, experts’ assessments of recent games, and odds for future events. Providing sports statistics also boosts people’s confidence and encourages them to place bets.

Live scores

Real-time score updates keep users interested, make them more likely to gamble, and encourage them to use your app more frequently.

Additional user features

Eastern Peak experts have revealed that sports gambling app development becomes the most profitable in the long run if you add some of the following features:

  • live stream games;
  • have cross-platform compatibility;
  • introduce bonuses and discounts;
  • extend your payment methods to cryptocurrencies;
  • add more types of betting, including in-play betting;
  • add chats and comment sections;
  • make the info section available offline;
  • allows users to log in via Facebook and other social media;
  • add support for multiple languages; and
  • offer 24/7 customer support and accept users’ feedback about the app’s performance.

Integrate a payment system

Online sports betting relies on fast, easy, and secure payments. If you want to decrease the hesitation a user feels before making a bet, simplifying the process is a natural way to battle indecisiveness.

  • Skrill
  • Cardinity
  • NETELLER

How to get started?

The gambling industry market is extremely profitable and therefore competitive. To break into this field, you need a dedicated and professional development team that understands the peculiarities of similar projects and delivers top-quality solutions.

  1. get a gambling license that covers all locations where you wish to operate;
  2. choose a software development company;
  3. decide on what payment methods to integrate;
  4. start designing your marketing campaign;
  5. build a sports betting app; and
  6. begin collaborating with professional sports representatives, teams, and brands to expand your reach and attract investment.

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Eastern Peak

Eastern Peak

Eastern Peak is a custom software development company which possesses deep expertise in working with startups and building intuitive mobile apps from ground up.