Sports betting is a rapidly growing industry that has gained significant traction across the globe. Although some countries are yet to address concerns surrounding the legality of sports betting, other regions have experienced exponential growth in the industry. Despite facing several challenges, the betting industry continues to expand through sports betting app development. As the industry is undergoing a shift from land-based betting to online and live settings, it is poised to become a significant trend in the global economy in the years to come.
According to Statista, the size of the online gambling and betting industry is expected to grow by $114.4 billion by 2028.
Why Is Mobile Betting Getting Popular Worldwide?
Mobile sports betting apps have revolutionized how people place bets on sporting events. With the rise in popularity of smartphones and mobile devices, sports fans can now access betting platforms from anywhere, at any time.
In simple terms, mobile gaming applications have dominated sports betting for years, making gaming a more engaging and rewarding experience for gamers worldwide.
‘Sports betting is extremely popular, and New Jersey is ahead of Mega in revenue,’ says Dave Finn, who directs the Draft Kings account for Taylor in New York, referring to Megabet, the UK’s most famous sports betting company.
Benefits of Sports Betting App Development
Online sports betting mobile apps offer a number of advantages to gamers and entrepreneurs alike. DraftKings and FanDuel applications are the best example of it, which have transformed the industry in a significant way. Here are some of the main benefits of sports betting apps:
One of the main reasons people use their smartphones for sports betting is convenience. Since mobile phones can be accessed even on the go and don’t require any additional device to run gaming applications, it has revolutionized the overall betting experience while allowing users to place bets from any corner of the world.
2. User Experience
There is no doubt that all sports betting platforms are very responsive. Responsive websites are designed to be compatible with a variety of devices, but they don’t provide the desired betting or user experience. Consequently, many sports betting platforms have shifted to mobile online betting apps in order to offer users the best gaming experience. It is why people increasingly turn to fantasy sports apps to get started with sports betting. All of these apps are compatible with various devices, ensuring that users can easily access their favorite sports betting platforms.
Related Article: How Much Does it Cost to Build a Fantasy Sports App?
3. Access to Diverse Games
What’s the best thing about various smartphones with gaming access? It provides a great gaming experience even on small screens while allowing players to access a wide variety of slots, esports, professional sports, casinos, and more. So, the players can choose the sport that best suits their betting style.
4. 24/7 Access
The sport betting apps give access to various betting markets, allowing you to bet anywhere, anytime, while providing users the more convenient betting conditions and more. In simple terms, sports betting applications allow users to place bets 24 hours a day, 7 days a week.
5. Enhanced Privacy
Many people want to explore the betting markets, but privacy concerns prevent them from visiting physical betting clubs and exploring options. Mobile gambling apps allow users to research the betting markets, the types of bets, the sports they can bet on, and more while protecting their privacy.
6. Practice and Free Play
Various online betting apps allow players to practice and hone their betting skills by offering free and low-cost practice games. It enables players to try out new games, bet types, betting markets, and more without any financial commitment.
7. Mobile Bonus
Mobile sports betting has been around for quite some time, and many professional gamers have taken advantage of the convenience that mobile sports betting apps provide. Most mobile sports betting apps offer subscription bonuses for downloads and mobile sports betting, making it a rewarding experience for users to engage in betting activities. Not only does this make it lucrative for users to download the app, but it also ensures a great user experience.
Features of Mobile Sports Betting App
With the enormous benefits mobile sports betting apps offer, they have become increasingly popular in recent years. These apps come with a range of sports betting app features designed to enhance the user experience and provide a seamless betting experience. Some of the key features of mobile sports betting apps are:
1. User Interface and Navigation
A well-designed user interface that is easy to navigate is a fundamental feature of any mobile sports betting app. Users should be able to easily access the different betting markets, browse through odds, and place bets without any hassle. The interface should be visually appealing, with a clean layout and user-friendly menus.
2. Multiple Betting Options
A good mobile app for sports betting should offer users a wide range of betting options. These include moneyline bets, spread bets, over/under bets, parlays, teasers, and more. The more betting options available, the more engaged users will be to the application. Read to know the role of AI in the sports industry.
3. Live Betting
Live betting is a popular feature of mobile sports betting apps that allows users to place bets on an event while it is in progress. The app should have a reliable live betting feature that gives users real-time updates on the game’s progress and odds.
4. Real-Time Odds
Mobile sports betting apps should provide users with up-to-date odds that are updated in real-time. This feature enables users to make informed decisions when placing bets, as they can view the latest odds for each market.
5. Payment Options
A good mobile sports betting app should also offer users a range of payment options to choose from. These include credit cards, e-wallets, and bank transfers. The app should also have a secure payment gateway that protects users’ personal and financial information.
6. Bonuses and Promotions
Many mobile sports betting apps offer users bonuses and promotions to attract new users and retain existing ones. These may include free bets, deposit bonuses, and loyalty programs. The app should have clear terms and conditions for these bonuses and promotions.
7. Customer Support
A good mobile sports betting app should provide users with reliable customer support. This may include email, live chat, and phone support. The support team should be responsive, knowledgeable, and available 24/7 to assist users with any queries or issues.
8. Security and Safety
Security and safety are critical features of any mobile sports betting app. The app should use encryption to protect users’ personal and financial information, have strong password policies, and be regularly updated to address security vulnerabilities.
9. Access to Diverse Games
Being able to access diverse games from the betting app for sports is one of the most fundamental features every betting gaming app should have. It will allow users to place bets on popular sports like football, basketball, and soccer, as well as niche sports like darts and snooker.
Also Read: How to create a successful gaming app?
10. Privacy and Control
Betting apps should provide complete privacy and control to the users. Online gamers are no different from people who prefer transparency and privacy regarding users’ consent. Therefore, ensure your betting app allows users to place bets from anywhere without revealing their identity or personal information.
Overall, mobile sports betting apps should offer users a range of features that provide a seamless betting experience and ensure the safety and security of users’ personal and financial information.
Popular Types of Sports Betting Apps
There are several types of sports betting apps, including crypto sports betting, straight bets, moneyline, teaser, parlays, prop bets, and so on. Each type of app caters to a specific audience and offers unique features and betting options. Let’s discuss in detail some of the most common types of apps for betting on sports:
1. Crypto Sports Betting
If you are looking for higher bonuses with secured withdrawal options, cryptocurrency betting is your best bet. This type of sports betting application, which is mostly based on bitcoin and altcoins, is very popular these days.
2. Straight Bets
This is the most common type of bet available for sports bettors, especially when it comes to sports such as football and basketball. In Straight Bets, you place bets on the total amount of points scored by both teams collectively.
3. Point Spreads
Point spread betting is the most popular form of sports betting in the US. It is designed to create an even playing field between two teams in a given contest by assessing their relative strength against each other. The point spread involves the scoring units in each sport, such as points, goals, or runs, and is used to project a margin of victory.
4. Total Line Bets
This bet offers an alternative way to place bets on your soccer and basketball teams. It is determined by the sum of the points of the two groups.
Money line bets are a type of wager where you only bet on who will win. Depending on whether the winner is the favorite or the underdogs, you will either get a higher or lower payout. Favorites are represented with a minus sign, and underdogs have a plus sign. For example, a team with a -100 Moneyline is the favorite, and a team with a +100 Moneyline is the underdog.
A teaser is a parlay bet variation that offers small prizes for big changes in the distribution of points in your favor. In this, basketball and soccer games programs get the most out of the additional teaser betting options.
7. Prop Bets
Prop betting is a fun and easy betting app for beginner-friendly sports, attracting users who have never bet before. In this type of sports betting, bets are made on event details that do not require knowledge of the team you are playing on.
8. Head-to-Head Bets
Head-to-head bets, also known as two-way betting, is a type of match in which two individuals or teams compete against each. In this type of sports betting, users place their bets on the outcome of the match, either win or lose.
Parley, also known as stack bets, combines multiple bets into one bet. The more bets are added to the pool, the higher the probability of winning. However, if you lose one of your bets, you will lose your entire bet.
Partner with Appinventiv for Your Sports Betting App Development Project
Gone are the days when people used to depend on gambling clubs and agents to bet on their favorite sporting events. The rise of sports betting mobile app development has augmented the accessibility of betting, allowing people to bet even on the go. Indeed, sports betting app development has made life incredibly easier and fun for bettors and investors alike, enabling them to win a huge amount of money and generate higher revenue respectively.
So, if you are ready to reap the significant benefits that sport betting apps offer, it is time to get started with the sports betting mobile app development process and hire a reputed sports app development company like Appinventiv.
We at Appinventiv have a team of professionals with in-depth knowledge and expertise who are dedicated to the sports betting app development project. We understand the process, from the initial concept creation to the final product delivery and ongoing maintenance. Our proficient team provides guidance and support throughout the process, ensuring that the app meets the highest quality and performance standards.
Additionally, we stand by you during the testing and deployment process to identify any potential problems and provide solutions to ensure that the app is successful. With the right team in place, you can be confident that your apps for sports betting will be a success.
Q. What is the best sports betting app?
A. Thanks for your question about the best sports betting app. There are a few different options available, and it really depends on what you’re looking for. Some of the most popular apps include DraftKings, FanDuel, and BetMGM. Each of these apps offers different features and betting options, so it’s best to do some research to find the one that best suits your needs.
Q. How much does it cost to develop a sports betting app?
A. The cost of developing a sports betting game app can vary greatly depending on the features and complexity of the app. Generally, the cost of developing a sports betting app can range from a $30,000 to $40,000. Factors such as the number of features, the complexity of the app, the platform the app will be built on, the number of developers needed, and the amount of time needed to develop the app can all affect the overall cost. Additionally, the cost of marketing the app and any ongoing maintenance costs should also be taken into consideration.
Q. How do betting apps make money?
A. Betting apps make money by taking a cut of the bets made through their platform. This cut, usually referred to as a “rake,” is taken from the winnings of each bet. The amount of rake taken by the app varies depending on the type of bet and the amount wagered. Additionally, betting apps may make money through advertising or by offering additional services such as tips or advice to users.
Q. How does sports betting work with an app?
A. Sports betting with an app works by allowing users to place bets on sports games, matches, and events. Through the app, users are able to select the teams, players, or events they would like to bet on and the amount of money they would like to wager. Once the bet is placed, the app will track the progress of the game, and the user will be able to view the results. If the user wins the bet, they will receive their winnings directly into their account. If the user loses the bet, the money they wagered will be taken from their account.