Latest Technological Innovation in Online Sports Betting

Since the digital age began, Sports Betting has never been the same. The presence of casinos supported the internet in the early 90s and not long after that, the platform of online sports betting appeared. After that, several things have changed and exceptionally improved. The technology made sports betting and gambling better and accessible by people worldwide. 

The technology has surely come a long way with regards to online sports betting. In a very short period of time, it moved from basic sports betting on dial-up connections to live betting during an actual event. The evolution and innovation taking place in the online sports betting app development industry are truly unbelievable. These changes have played a huge role in improving the user experience on online sports betting sites and apps. In this blog, we will see the latest innovations in this industry. 

  • In-play Betting:

In-play betting has completely transformed the industry of online sports betting. The players can follow live happenings of a game with these bets. As per the latest developments and scores in the match, the odds can change immediately. The odds are updated in every millisecond by the established sportsbooks operators. In this way, the players are able to make a better decision while betting. 

  • Mobile Betting: Smartphones are much more capable of doing more than just texts and calls. With the help of these devices, the players can easily access their preferred sportsbooks at any time. 

In the online sports betting industry, mobile betting is the most meaningful innovation. It made the betting market better and the sports betting companies were able to bring the power of betting in the hands of the players. With the spread of fast internet connection, mobile betting has boosted and currently, it is the most used mode of betting all around the world.

  • Cryptocurrencies: Cryptocurrencies, also known as cryptos became like Blockchain and initiated strides in the online betting industry. The players are familiar that few sports books have included crypto currencies as an approved option for payment. In the coming ten years, the phenomenon of block chain is going to impact the industry significantly. 

Several online sportsbooks have implemented cross-border betting by using this technology. Welcoming cryptocurrency will add to their operations as it is a well-established global currency. The online sports betting providers will also gain the trust of players because of the transparent nature of Blockchain. 

  • Augmented and Virtual Reality: The AR/VR technology is taking the online sports betting industry by storm. The players are getting away from traditional sports with these technologies as the players can join their favourite game virtually. 

The operators of online sports betting came up with a new way of using this technology. It has initiated the aspect of virtual tournaments and the sports betting companies can offer their clients with eSports betting. The eSports industry attracts players from all over the world, making it a billion-dollar industry. 

Read More: How to Develop a Fantasy Sports App?

The Future of Online Sports Betting

The future of online sports betting lies with innovation and technology. The players and sportsbooks should brace themselves for more innovations. The sportsbooks will be obsolete in the coming time for those who do not appreciate the technological advancements. The technologies to look upon are cryptocurrencies, AR/VR and Artificial Intelligence. 

Create Your Own Sports Betting Application

Due to the digital revolution, the Sports betting business has changed immensely. According to the latest report, the gambling industry is estimated to reach approximately $565 billion by 2022. Sports Betting App development can be time-consuming and challenging. The app store restrictions and gambling license are the main reasons it is a bit complex. 

Challenges to Consider in Creating a Sports Betting App

There are many interference you may face before even entering into sports betting app development. You need to go through various points to create a sports betting application which can be used by the public.

  • Getting a License: Getting a license is the primary task and the only way to enter the sports betting industry. Every country has its different rules and regulations and you need to study the rules of a particular jurisdiction. This can be done quickly with a lawyer. 
  • Publishing to the App Store and Play Market: The developers can publish sports betting apps on Play Market with some strict regulations. There are also a set of rules to be followed to publish your betting app on the App Store.  
  • Integrating Payment System: While creating a betting app, you need to implement payment methods to carry out the transaction quickly and comfortably. The popular payment system providers who are ready to cooperate with online sports betting platforms are Stripe, NETELLER and Skrill. 
  • UI/UX Design: As per the latest trends, the sports betting app should have a user-friendly and simple interface without any irrelevant elements by which users can be distracted. 

Read More: How to Develop a Fantasy Sports App?

Must-have Features

The sports betting applications require a lot of features and it is feasible to initiate with MVP version of the application. It stands for the minimum functionalities which can satisfy the users. You can release it in the market, get the feedback and then can upgrade to implement advanced features. 

MVP Features Advanced Features
  • Login and Registration
  • Creating a Wager
  • List of Wagers
  • Wallet
  • Menu
  • Notifications
  • Customer Support 24/7
  • Bonuses
  • Several Languages Support
  • Real-Time Messaging
  • Several Currencies Support

 

Team and Technologies

Sports Betting app development requires combined efforts of several specialists. The requirement of team members can vary as per the project. The basic requirement is:

  • Business Analyst
  • Project Manager
  • UI/UX designer
  • 1 or 2 iOS developers
  • 1 or 2 Android developers
  • Back-end developer
  • QA engineer

The Tech stack to make sports betting app is as follows:

Programming Languages Frameworks and Libraries
  • Swift
  • Kotlin
  • Java
  • JavaScript
  • Fabric
  • Paysafe
  • Google Places
  • FCM
Database and Cloud Storage Testing
  • MongoDB
  • HBase
  • Cassandra
  • AWS
  • GitLab
  • Crashlytics
  • Jira
  • Confluence 

 

Also, security should be the primary concern for the app owner for any digital platform. Security is very important for online services and you should ensure to develop a safe and secure sports betting platform. You should partner with such app development companies who care for your customers by preserving your privacy from intruders.

Final Words

Now you know a general direction to start creating your sports betting application. If you want to stand out from all the other applications make sure to include all the basic as well as advanced features mentioned above. You can also combine it with excellent visual designs to make it more user-friendly.