Sports betting app is legal across Australia and several countries around the world like the USA, UK, and other European countries. It is one of the fastest-growing industries, with online betting being the most popular. Besides being enjoyable, it is also profitable. It is also the ideal business to invest in with an assured return on investment. 

Online betting on sports is on the rise, with more people using various devices to access the internet. More people than ever are using mobiles and laptops to bet online; the global pandemic has only contributed to the number of people placing bets online. This article provides detailed information on developing sports betting app.

What is Sports Betting?

It is essentially gambling and involves placing bets in one of the many games like football, baseball, basketball, cricket, vehicle racing, horse racing, etc. Many people still associate sports betting with visiting a sports bar or betting agent to place a bet; however, betting apps are revolutionising this industry, with more people opting to use such apps. The added advantage being one can place a bet from any country in the world. Betting is legal in several cities and states around the world.

Several firms have developed betting apps for mobile phones besides laptops and desktops. Here are several statistics for better insight:

  • 574,000 Australians placed bets regularly in 2015.
  • Australians spent over 20 Billion on gambling in 2018, including electronic gaming machines, lotto and sports betting. 
  • The number of casinos and gambling businesses in Australia is 1850.
  • Australians spent an average of $62 per person on sports betting in 2017/18.
  • Gambling expenditure in 2017-18 in Australia was 20,105.665 Million.

Why Develop a Sports Betting App?

Betting on sports is not a new activity; it has been around for as long as we can remember. However, online betting has recently become popular, with several factors adding to its popularity. Some of the main factors why online sports betting is more appealing to the average gambler are listed here:

  • A mobile app is more accessible.
  • It offers instant updates.
  • Smart features like auto booking based on your preferences, 24×7 access, etc., works in the user’s favour.
  • It means instant access to winnings.

Hence businesses can benefit from developing a sports gambling app. Besides being more cost-effective, you will also have more features on your hand as an administrator. An app like this will allow you to send promotional information actively. It is a good way to create a customer base and send personalised offers to ensure loyal customers. This is a faster method of converting your ideas into reality. There are already several firms that have adopted this method. Here are a few interesting facts & statistics:

  • Online betting is the preferred method of sports gambling in several states in the USA like Nevada, New Jersey, Pennsylvania, Michigan, etc. In fact, more than 90% gamble online.
  • 240 Billion AUD is wagered every year in Australia.
  • Over 80% of Australians are betting, and the online method is most preferred.
  • There is a big trend shift towards online gambling, especially after the COVID-19 pandemic, which is still the current trend.

Types of Sports Bets

Players always expect more when gambling, especially since more users prefer the online gambling option. The number of casinos online is on the rise, and they tend to offer an extensive list of features, thus raising the expectations for sports gambling apps as well. One of the major advantages of developing a sports betting app is one can offer many different types of betting. Some of the popular types are listed here:

  • Moneyline: This is an ideal method to win big by placing strategic bets either on the favourite or the underdog.
  • Head-to-head bets: This allows users to bet on the outcome of the game; where they win only if their team wins.
  • Parlays: Players have a better chance of winning in this way by combining several bets into one big wager. However, if any one of the bets loses, the entire ware is lost.
  • Teasers: This is similar to Parlay bets, and the user receives a lower payoff for a larger shift of point spread in their favour. It is a popular method of betting for games like basketball, soccer and football.
  • Prop bets: This is the best option for those new to betting and doesn’t require in-depth knowledge of the sport. It includes betting on factors like who will win the coin toss, etc.
  • Singles: These are simple bets where it is easy to calculate the profit, and bets are placed in a single unit of currency.
  • Totals: Place bets on the numbers of statistics instead of the outcome of the game.
  • Handicaps: This too is a popular method of betting where users can bet on traditional contact sports.
  • Each way: Users win a fraction of the win odds by placing bets in advance; it is a popular method for betting on horse racing games.
  • Multiples: Professional gamblers can place high-risk bets, and win big or lose big.
  • Double: This allows users to select options and both need to be won for the player to make money.
  • Treble: The player selects three options and wins money only if all three options win.

Betting App Development Features & Cost

One of the most crucial stages of app development is researching the type of feature to include. The app development cost largely depends on the types of features included and the complexity of the app.  Businesses have the option of developing an app for either the iOS or Android platform or both. A cross-platform app is more cost-effective however, opting for apps for individual platforms means it can take full advantage of the features of the device.

Some of the other factors that affect the cost include the technologies used and the UI/UX design. Including third parties, APIs can reduce your costs. Although opting to make the app more secure can increase your development costs, it can help save you a lot of trouble and money later.

We published a research article on app development costs, Which helps you to calculate the average cost of your sports app development.

Some of the features an app like this can have include:

  • Placing bets with minimal effort or a single click.
  • Betting calendar with reminders and schedules to ensure players do not miss any bets.
  • Odd management tools
  • Notifications of essential information like game & sporting updates.
  • Personal accounts for the users to manage their games and winnings.
  • Betting tips and tricks
  • Daily offers
  • Multiple payment options to place bets.
  • Flexibility to bet on the sport of your choice.
  • Live online streaming of the game.
  • Well designed & user friendly to make it more convenient and easy to navigate. A better way to place bets and watch your favourite games.
  • 24×7 accessibility to the app to allow users to place bets from any place and at any time.
  • Allow users to place bets, view statistics and monitor live scores.
  • User interactive customer service.

Benefits of Hiring Vrinsoft for Sports Betting App Development

Vrinsoft is the best mobile app development firm with over 500 successful projects and more than 200 clients. We develop a wide range of mobile apps, including sports betting apps and have the expertise to customise it as per your requirements to either create an app for specific games like football, baseball, etc. or a wide range of games. The online gambling industry is an extremely profitable one, and it is gaining in popularity. 

We have the expertise to assist with all the requirements like getting a license, publishing the app to the Google Play Store and Apple App Store, integrating multiple payment systems and designing the perfect navigation with a stunning UI/UX design.

At Vrinsoft, you will find the right team with dedicated resources and skilled talent who can deliver the perfect solution in a timely manner. We have an experienced team of developers to deliver high-quality applications in a quick time.

Benefits of Hiring Vrinsoft for Sports Betting App Development

Vrinsoft is the best mobile app development firm with over 500 successful projects and more than 200 clients. We develop a wide range of mobile apps, including sports betting apps and have the expertise to customise it as per your requirements to either create an app for specific games like football, baseball, etc. or a wide range of games. The online gambling industry is an extremely profitable one, and it is gaining in popularity. 

We have the expertise to assist with all the requirements like getting a license, publishing the app to the Google Play Store and Apple App Store, integrating multiple payment systems and designing the perfect navigation with a stunning UI/UX design.

At Vrinsoft, you will find the right team with dedicated resources and skilled talent who can deliver the perfect solution in a timely manner. We have an experienced team of developers to deliver high-quality applications in a quick time.

(Source:

https://aifs.gov.au/

https://www.statista.com/topics/7611/gambling-in-australia/#dossierContents__outerWrapper

https://www.finder.com.au/gambling-statistics

https://www.telegraph.net.au/the-entrepreneurs/559-online-gambling-statistics-in-australia

)

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