Betting software development - outsourcing company Boosty Labs

Betting software development

We are a betting software development company specializing also in blockchain outsource software development, outstaff development and tech consulting. For over ... years we have been offering the betting software development services. With much expertise in the outsource software development for the betting industry and a lot of understanding of this field we can transform your business and propel it to the next level.

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The reasons for software development for the betting industry

01.

To correctly place a bet, a player needs a lot of information statistics, historical data, news and forecasts, however, many services do not provide the s convenient access to this information.

02.

The level of system reliability is not high enough.

03.

Because the amount of data that passes through systems is gigantic, there is a need to strengthen technical expertise in big data, complex distributed applications, and systems engineering.

04.

Live streaming and real-time information should be the industry standard.

05.

Technical support should work around the clock to prevent delays and interruptions.

06.

Convenience and reliability of withdrawing money is the most important thing for a regular client of a betting platform.

01.

To correctly place a bet, a player needs a lot of information statistics, historical data, news and forecasts, however, many services do not provide the s convenient access to this information.

02.

The level of system reliability is not high enough.

03.

Because the amount of data that passes through systems is gigantic, there is a need to strengthen technical expertise in big data, complex distributed applications, and systems engineering.

04.

Live streaming and real-time information should be the industry standard.

05.

Technical support should work around the clock to prevent delays and interruptions.

06.

Convenience and reliability of withdrawing money is the most important thing for a regular client of a betting platform.

Application of blockchain technologies in the betting industry

Online betting is a thriving industry with its own bottlenecks. The adoption of blockchain technology can remove these bottlenecks and increase transparency in the industry.

How does blockchain work in sports betting?

The block is added to the bookmaker when a new bet appears. But before that can happen, there are four stages:

  • The fact of the transaction – you place a bet on the site.
  • Transaction confirmed – the blockchain confirms that your bet actually went through.
  • Transaction saved – your bet is stored in a block, along with the amount and digital signature.
  • Block receives a hash – a block that contains a bet receives a unique hash for subsequent differentiation.

The block becomes public after it is added to the blockchain. After that, anyone can check the authenticity of your bet.

Pros of blockchain in betting

1) Preservation of the transparency factor

Trust has always been a key issue in sports betting. Players expect fairness in calculating odds and protecting their money, along with privacy.

As a decentralized technology, blockchain removes the unified control that brings legitimacy to the gambling industry. Certain details such as payouts, winning bets, etc. are not revealed to the players and are also hidden from the public, leading to a lack of trust.

With the introduction of blockchain into the gaming industry, much-needed transparency can be provided, as well as verified and permanent records that cannot be manipulated. With blockchain technology, players will be able to place bets with a guarantee that the transaction is clear. They will also be able to assess that the odds for each bet are generated fairly, which in turn will give fair results.

2) Anonymity support

Some players who do not want to publicly reveal their identity choose to bet online. When a player initiates a payment using their bank accounts, all of their personal data becomes disclosed. Even if the bookmaker does not use this data in any way, you should not sweep aside the factors of family relations, tax burdens, etc. For many users, this is a stop factor and they do not participate in bets.
However, the move to blockchain and cryptocurrencies can eliminate these problems. The player can make payments using anonymized wallets, where he does not need to disclose his personal data. In addition, the use of cryptocurrencies frees players from waiting for long processing times that banks need to initiate payments. Also, cryptocurrencies often carry out transactions without commission, which has already become a rarity for the banking sector.

3) Preventing Potential Errors

The average bookmaker deals with thousands of bets every day. For the most part, they do a great job at these rates and keep things running smoothly.

Not all sports betting glitches are the result of a dastardly bookmaker's decision. In addition to deliberate deception, unintentional errors occur due to human factors as well as technical errors.

Blockchain can help prevent such errors by not using a separate private database, but a wide network of computers to check rates.

Thus, blockchain for new projects can become a way to carve a niche in the market and bite off a piece of the common pie. Such projects will successfully cover the audience of cryptocurrency owners who will not have to separately and re-understand blockchain technology.

Software development services for the betting industry

Problems launching an online betting platform

A solution that provides capabilities for ready-to-run platforms with data and ratios already integrated.

The need for advanced analytics

Solution: real-time monitoring of transactions with key player information;  tracking betting operations with predefined and custom reports; geo-configuring risk management rules.

The need for protection

A notification system that allows you to identify fraudulent player behavior, get acquainted with the status of tasks and keep abreast of the background tasks system.

Control of the distribution of bonuses

A bonus tool that allows you to dynamically determine the target segment of the bonus; bonus distribution modality; implement scheduled or instant event bonuses.

Benefits of software development for the betting industry

Uninterrupted functioning

Guaranteed quality sports betting platform with a convenient backend system and monitoring.

Fast payment processing

More than 100 trusted and certified payment method providers.

CRM system

Necessary tools to attract customers and increase their loyalty.

CMS system

Full control over the content and operation of the betting platform.

Personal customization

Different offerings of interfaces for different target markets.

Individual design

Intuitive interface with design tailored to your brand.

Bonus strategies

Manage bonuses, cashbacks, free bets and promotions.

Digitalization trends in the betting industry

Software development for the needs of a betting company as one of the representatives of the gambling business is a very specific type of work. The latter is explained by the fact that already at the stage of creating the platform it is necessary to delve into the specifics of standardization, which is mandatory for licensed operators. Trust in software creators is of particular importance, because this ethical category is a guarantee that in the future, transactions with players' funds and personal data will be carried out safely, and the likelihood of hacking and fraud will be reduced to nothing.

There are three main approaches to the development of online betting platforms: a completely unique solution, the use of the White Label and the position of the licensee.

The main disadvantage of an individual approach is its high cost. The main advantage of this method is that the operator becomes the holder of the program code, and the entire process of creating the platform takes place under his control.

The second approach assumes a package of software services.

The latter contains the platform itself (the functionality of such a solution is limited, since it is made according to a template, the design can be adjusted), a payment solution, as well as elements of a promotion strategy. In such a case, it remains for the operator to adjust the design and general guidelines.
 
The third option involves, in fact, the work of attracting customers to someone else's brand. This is the most budget-friendly option.

Since the primary function of the operator is to ensure the safety of users, the most important thing is to use only proven currency gateways and licensed software in their work. 

Not least is the quality of communication between company representatives and customers, so the online platform must be equipped with an effective CRM system. The operator also requires a deep understanding of the betting system and the maximum allowable line extension.

Since mobile devices have become an integral part of life and workflow for people, bookmakers did not stand aside and, moreover, try to introduce innovative solutions into the industry whenever possible.

As practice shows, the mobile version is attached to the company's website and is its version adapted for modern gadgets. The download is free of charge.
What operations can users perform through mobile applications? Among the functions of mobile versions are registration, deposit and withdrawal of funds from a personal account and directly placing bets.

The mobile application for betting allows you to place bets faster than it usually happens on the bookmaker's website. In addition, they can be indispensable for those users who prefer real-time betting. Apart from the official websites, mobile apps can also be downloaded from special stores.

The most important aspects when creating mobile applications are page loading speed, because in this the application is qualitatively inferior to the site and the convenience of the interface. In the last question, it is better to give preference to minimalism and sacrifice the variety of buttons. Thus, navigation becomes intuitive, and in the modern world, everyone equally values ​​comfort and speed.

Live broadcasts can be a nice bonus for the user.

As a rule, the functionality of a mobile application does not differ from that presented by the operator on the main site, therefore the three pillars on which mobile gambling is based are speed, convenience and simplicity.

Among the online betting trends in 2021, the following can be noted:

  • Ensuring maximum safety, increasing its level. With the development of high technologies, attackers have more and more opportunities to gain access to user data, and the task of operators is to exclude such situations, while maximizing the safety of players and their funds.
  • Development of the mobile sector. Most of the leading online establishments already offer the option to use special apps, and this trend is going to go mainstream. According to the forecasts of Gambling Craft analysts, in the next three years the share of mobile games will grow by almost 12% and in monetary terms will make up half of the total revenue of the entire market. Bookmakers should not lag behind: according to research, bettors who place bets using mobile applications are the most active. The industry is growing primarily due to them, and experts are sure that mobile rates will be the main factor in increasing turnover.
  • New betting technologies, such as voice assistants that will help you when placing bets. They will be able to personalize the most profitable odds and the right bets. Bookmakers use high technologies also because it is done by the players who use them to predict the results of a particular sporting event.
  • Acceptance of cryptocurrency. So far, its use has not become widespread, but more and more players are expressing a desire to pay in digital units.
  • Newly emerging blockchain platforms. This area is considered one of the most promising, since blockchain technology would help the industry to become as transparent as possible and keep information on rates completely safe.