Sports Betting App Development Guide: Features, Step, Cost and Monetization Strategies

Ah, sports betting app!!! Thriving into the betting industry with each day passing. In the digital epoch, sports betting apps have become an increasingly popular way for sports zealots to bet on their favorite sports whenever, and wherever they want. The proliferation of technology has only served to fuel this burgeoning demand, with more and more users looking for convenient and seamless platforms to wager.

If you’re also considering entering the efficient world of sports betting app development, this comprehensive will instruct you regarding all aspects of How to Build A Sports Betting App. Let’s roll down to the table of Contents.

What is a Sports Betting App?

A sports betting app is a mobile app that allows users to place bets on various sports events they prefer, including games, matches, tournaments, and leagues, using their mobile phones. These apps provide a convenience to users to access odds, place bets, track wagers in real-time, and manage users’ accounts at any time, anywhere as long as they have a dedicated internet connection. Also, it gives options to place easy bets on a variety of sports such as cricket, football, tennis, horse racing, basketball, kabaddi, and many more. 

Read also: The Evolution of Sports Betting

Why should you consider getting your own Sports Betting App?

The sports betting app market has grown immensely popular in recent years with a lot of value potential. The reason behind this is very obvious, the easy access to smartphones and easy internet connectivity. These aspects ignited the interest of betting enthusiasts and that is the reason why you should consider stepping into the realm of sports betting. 

Sports Betting Market Overview

Before plunging into Sports Betting App Development, it’s essential to understand the trends of the sports betting market. The global sports betting market is extensive and constantly evolving. Not just the offline betting market but there has been a significant boost in the online sports betting market as well. Let’s have a glimpse at the constantly growing market trends of developing a sports betting app

Market size value in 2021	USD 70.23 billion
Market size value in 2022	USD 83.65 billion
Market size value by 2025	USD 106.25 billion

According to a report by Grand View Research, the international sports betting app market is predicted to attain USD 182.12 billion by 2030, with a CAGR of 10.3Bet Pro Coders between 2023 and 2030.

Must Features in Sports Betting App

Still, wondering how to create a betting site and what features should be incorporated within the betting app? Well, let us proffer a roster of key features that are must-haves if you want to give your users an engaging experience and keep them hooked to the betting app. Here are the features that you should consider- 

1. Login & Registration

This feature allows the user to create their accounts, by providing basic personal information such as name, email, dob, password, etc. Further, it allows them to handle their profiles, update personal information, and set priorities such as odds format and notification settings.

2. User Account Management

With the user account management feature, users on your betting app can create and manage their accounts and other related activities. Managing activities include depositing and withdrawing funds, setting betting limits, managing odds format, managing notifications settings, and viewing their past betting history.

3. Real-time Sports Events and Odds Display

This is one of the most vital features of an all-inclusive sports betting app. Users can access the latest information on a wide range of sports events, including match schedules, live score updates, and real-time odds from various reliable bookmakers. This feature helps users stay informed and make more promising betting decisions.

4. Diverse Betting Markets

To cater to a broad range of user requisites, feature-rich sports betting apps offer a group of betting markets. These markets generally include standard choices like money line, point spread, and over/under bets, as well as more specialized bets like prop bets, futures, and parlay bets for advanced bettors.

5. Secure Payment and Withdrawal Options

Incorporating secure payment gateways is an essential feature for users to make secure deposits and swift withdrawals. A variety of payment options, including credit cards, debit cards, e-wallets, and bank transfers, should be kept to guarantee a convenient and safe transaction.

6. Customer support

Offering responsive customer support to users through options like live chat, email, or phone is crucial. A complete help center with FAQs and guides can help users with common questions and queries.

In Addition Features

1. Live streaming

This feature lets users watch live streams of games or matches that they are betting on.

2. Betting Tips and Advice

The feature delivers users with extra information and guidance to help them make well-informed bets.

3. Social Features

This feature enables users to interact with other wagerers, share bets, and participate in contests.

4. Responsible Gambling Tools

This add-on feature equips users with gambling tools to assist them in gambling responsibly, such as deposit limits, time-out periods, self-exclusion, etc.

Read also: Essential Sports Betting App Features

How To Build A Sports Betting App

Step 1: Ideation and Planning

The very first step is to define the app’s ultimate goal and target audience. A thorough market research to analyze the competitive landscape. Planning includes allocating the resources and considering the necessary features required for the development process. 

Step 2: Front-End Design

The second step involves designing a visually appealing and intuitive user interface that gives a seamless experience to your users and players. It also includes developing wireframes and prototypes required in the app development process. 

Step 3: Back-End Development

The back-end development step is crucial as the step included in the process defines the robust backend system. As this is a crucial step it is necessary to get adept and experienced mobile app developers who have expertise in developing similar apps like Bet365.

Step 4: Data Integration

The Real-time data and odds integration step is where the app developers integrate real-time data into the sports betting app including odds, live scores, match statistics, and other relevant information. This data is vital to keep users up-to-date helping them make informed betting decisions.

Step 5: Payment Gateway Integration

The payment gateway integration is essential to building a successful sports betting platform. Integrating secure payment options(payment gateway’s APIs) gives your users the convenience of making secure deposits and withdrawals. 

Step 6: Testing

This step includes conducting a thorough testing methodology to make sure the app does not have any bugs or issues. It is important to test all the features and in-app functionalities and see if it doesn’t have any glitches. 

Step 7: Deployment

This step includes preparing immersive app visuals and compelling app descriptions to prepare your app for the grand debut. Once all the formalities are done, it’s time to launch. The app is then deployed to app marketplaces like App Store or Google Play, or prepare your app to cater to both platforms.

Step 8: Marketing Aid & Promotion

The last step involves making inclusive market strategies to promote the sports betting app to the target audience. Effective marketing aid includes social media marketing, email marketing, online advertising, and public relations. 

Read also: How to Create a Betting App like Betway

Ideal Tech Stacks For Sports Betting App

Technology stacks in terms of software and web development primarily define the language and technologies to be used, the coding framework, and the data dynamo used to build the betting web app. There are a variety of technology stacks to choose from for sports betting website development, but this selection depends on your requirements. 

Here are some ideal technology stacks to utilize during your sports betting app development process:

a. Frameworks and Languages

Web: React.js, Next.js, Vue.js, Angular, PHP Laravel. Python, Django. 

Mobile: Swift, Java, Kotlin, React Native. 

Hybrid: React Native, Flutter, Xamarin, Ionic. 

b. Database & Storage

Relational databases: MySQL, PostgreSQL, MongoDB. 

c. DevOps

Development Tools: AWS, Github, Google Cloud, Microsoft Azure. 

Read more: How Artificial Intelligence (AI) in Sports Betting Is Revolutionizing the World

Cost of Sports Betting App Development

The cost estimation of a comprehensive sports betting app depends on several factors including the app’s features, complexity, preferred platform, how many developers will be required, and the development timeframe. 

In general, you can expect the cost to develop a full-fledged sports betting app typically to fall between $10,000 to $40,000.  It is important to consider marketing expenses and constant maintenance costs when estimating the app’s total investment.

However, it is suggested to consult a sports betting app development company to get the exact cost estimation.

Read Also: Breakdown of Cost of Sports Betting App Development

Monetization Strategies

In-app Purchase

In-app purchases include selling virtual goods or services within your app, such as exclusive features, betting credits, or access to premium content.

1. Subscription Model

The Subscription model primarily involves taking charges as a monthly or annual fee from users to access your app or for accessing specific premium features.

2. In-app Advertising

This involves displaying ads in your app from a sportsbook, affiliate partners, and other associated businesses in the form of banner ads, video ads, or pop-up ads.

3. Affiliate marketing

Affiliate marketing gives traffic and potential customers to affiliates resulting in earning commissions for each user referred to these sportsbooks. 

4. Betting Commission

Taking commissions from users for leveraging betting services like placing bets, and tracking wagers on your platform. This is the primary source of generating revenue.  

5. Emerging Add-ons

• AR/VR Integration
• Social Betting Platforms
• Predictive Analytics

Read also: How To Make Profit from Sports Betting Apps

Things to Consider Before Choosing a Sports Betting App Development Company!

Well, anyone who is looking to develop a comprehensive sports betting app must be careful while opting for a web app development company. The company must be reliable and experienced which is an important consideration for the app’s success. When choosing a sports betting app developer, there are many other crucial factors to consider including- 

The company should have: 

• Good experience developing sports betting apps.
• A team of experienced developers with industry expertise
• A good reputation in the sports betting and app development industry. 
• Offer competitive pricing for their services without compromising the quality. 
• Transparent communicative and responsive. 

BetPro Coders are the pioneers of sports betting app development brilliance. We take pride in developing comprehensive sports betting apps that offer immersive and highly engaging experiences to your users and will generate high-value potential as well. We have a team of seasoned professionals who are adept at leveraging the latest technology and tools to deliver excellence. 

Recommended Team for Sports Betting App

Developing a sports betting app is not a piece of cake! It requires precise teamwork among various specialists in various domains. Here is the breakdown of the ideal team members may differ depending on your project prerequisites:

• Business Analyst
• Project Manager
• UI/UX designer
• iOS developers
• Android developers
• Back-end developer
• Integration Analyst
• Security Expert
• QA engineer

For Free Consultation 

Company Name: Betpro Coders

Contact Number: +447576806395

Email: sales@betprocoders.com

Conclusion

So I believe this sports betting app development guide has obliterated any doubts and given you valuable insight. It is likely that you have grasped the phenomenal growth in the sports betting industry in recent times and is slated to continue its growth. However, you must not forget the complex legal landscape and must be aware of ensuring adherence to local gambling laws and regulations before stepping foot into this betting industry. 

Read Also: Top Sports Betting App Development Companies in India