Tarun Nagar 
In this world of sports, online sports betting and gambling have blown the sports enthusiasts minds. Whether it is about making a bet on basketball, football, tennis, or football, a sports betting app like Bet365 has proven to be a savior for sports enthusiasts. Bet365 is a renowned sports betting platform known for its robust features, extensive market coverage, and user-friendly application interface.
In this highly competitive world, replicating Bet365’s success requires a solid sports betting app development plan comprehensive understanding of the complex architecture and the functionalities it offers.
Multiple factors influence the cost to develop a fantasy sports betting app like Bet365. So, if you are wondering how much does it cost to develop sports betting app, this blog is for you. It will guide you to everything about sports betting app development cost estimation. Let’s begin.
Table of Contents
What is a Sports Betting App Like Bet365?
A sports betting app like Bet365, is a mobile application that enables users to bet on different sports, including cricket, basketball, football, and more. In the world of sports betting, Bet365 is a well-known and commonly utilized platform offering an extensive selection of sports markets, live betting options, and in-play betting chances.
The sports betting software gives users access to a variety of sporting events, allows them to compare odds, and allows them to put bets on their favorite teams or athletes.
Bet365 has user-friendly features like user registration, account management, secure payment processing, live scores, and updates that win sports enthusiasts’ attention at just a glance. To encourage responsible gaming and meet regulatory standards, sports betting apps like Bet365 offer reliable gambling features. So, if you want to develop a sports betting app, there is no better option than Bet365.
Cost Breakdown of Sports Betting App Like Bet365
Creating popular sports betting apps like Betway or Bet365 involves various components and different factors that contribute to the overall sports betting app development cost.
Here’s a rough cost breakdown showcasing the cost to develop a sports betting application in 2023 and beyond –
1. Market Research and Planning
It is the foremost step to develop sports betting app, which involves understanding the target market, user demographics, competitors, and user preferences. The cost of a betting app like Bet365 varies based on the depth and the research complexity.
2. App UX/UI Design
Creating initial design blueprints and interactive app prototypes for the user interface is a cost-effective solution. Besides this, designing the app’s interface, including graphics, layouts, and user experience elements, can help you save huge sports betting app development costs.
3. Frontend Development
Now comes the actual betting app development process, where you have to decide the development for iOS or Android platforms, or both. To ensure wide market reach, go for both, but it will definitely require more budget.
4. Backend Development
Once you are done with the frontend development part, move on to the backend development of a sports betting app like Bet365. Here, you need to set up the server architecture, databases, and APIs and ensure seamless communication between the app and the server.
5. Real-time Data Integration
For better performance, you can integrate real-time sports data, odds feeds, and other necessary information into the app. Integrating APIs for live scores, odds, and other real-time sports data from reliable providers will help you generate profit from sports betting software.
6. Payment Integration
Implementing secure payment gateways for depositing and withdrawing funds, ensuring compliance with financial regulations and security standards. So, the payment gateway or integration you use for your sports betting app like Bet365 will impact its cost greatly.
7. App Testing
Conduct extensive sports betting app testing to identify and fix bugs, ensure application stability, and enhance user experience. Besides sports betting app development, its testing holds great importance in making the application 100% error-free. Undoubtedly, it will add on some cost to make betting app like Bet365, but it will save you from spending additional costs on your sports app in the future.
8. Legal and Regulatory Compliance
Engage legal experts to ensure compliance with gambling laws and regulations in targeted regions. As you are developing a sports betting application, performing this step is mandatory. It is a cost-additional factor, but it will be a safe move to make your sports betting software more reliable and trustworthy.
9. Launch and Marketing
Finally, launch your sports application on the desired app store by implementing the best marketing strategies to attract potential users. The platform chosen for the app will impact your budget. For more information, you can connect with the leading fantasy sports app development company professionals.
10. Maintenance and Updates
Perform regular updates, bug fixes, security enhancements, and support for the sports betting app post-launch. You can also seek mobile app support and maintenance services from a leading firm whose experts can help you with post-development services.
The overall cost of developing a sports betting app like Bet365 can vary widely based on the features, design, geographical location of development teams, hourly rates, and other factors. A rough sports betting app development cost could range from $15,000 to $45,000 or more. The final cost to develop a sports betting app like Bet365 will depend on the project’s complexity.
How Sport Betting App Like Bet365 Earn Profit?
The application has integrated multiple factors and strategies to compensate for the cost of sports betting app development on Bet365. Want to know how Bet365 generates profit from the application? Here you go…
1. Diverse Betting Options
Bet365 app provides various online betting options across various sports, events, and casino games. Its diversity attracts a broad audience of sports enthusiasts and makes sure everyone can place a bet on their preferred sports, including cricket, basketball, football, and more.
2. Promotions & Bonuses
An app like Bet365 often offers exclusive discounts, promotions, and free bets to attract both new and existing customers. It encourages sports betting app users to bet more frequently and at higher stakes. This strategy generates more profit on the Bet365 application while engaging more and more users towards the application.
So, including such a strategy in your betting application or website will balance the cost spent on development.
3. Cross-Selling and Cross-Promotions
Betting apps like Bet365 cross-sell their products effectively. Users who initially bet on sports might be exposed to casino games or other betting options. So, Bet365 incorporates cross-promotion and cross-selling strategies to enable users to place different bets within the application. It increases the chances of generating more profit from other platforms as well.
4. User Base and Customer Engagement
Sports betting website like Bet365 has a very vast user base. It focuses on engaging and retaining its potential customers. They offer a user-friendly and intuitive mobile app, encouraging regular use and increasing customer loyalty. It further helps to make the sports betting application more profitable and revenue-driven.
5. Data Sales and Sponsorships
Bookmakers like Bet365 often collect vast data on betting patterns and customer behavior. They can monetize this data by selling it to third parties, such as sports teams, advertisers, or data analytics companies. Additionally, bookmakers often sponsor sports teams or events, gaining exposure and attracting more customers.
Being a businessman in a similar industry, if you are trying to develop a sports betting app like Bet365, you should know how the app is earning profit currently. After that, you can leverage your application’s best monetization techniques to generate more profit. It will help you balance the cost of sports betting app development.
7 Essential Features of Sports Betting App Like Bet365
You are planning to develop a sports betting app like Bet365, which has already gained a lot of fame and popularity. So, knowing the major features of sports betting app is a must. The experts have shared the features below to help you create a successful betting app within a reasonable budget.
1. Live Betting
Give customers the chance to place wagers while live games are taking place. You can also show users the live odds and data to help them make the best betting decisions.
2. Live Streaming and Match Updates
Include live streaming into your sports betting app so that customers may watch matches in real-time within the app. Such features help to keep the users updated on current events by providing real-time match updates, scores, commentary, and other pertinent information.
3. Sports Betting Market
Offer a broad selection of sports and betting markets, including well-known sports like football, basketball, tennis, and more. Permit players to wager on various outcomes within each sport, including the match winner, the number of goals, handicaps, and more.
4. Live Scores
It is, without a doubt, the best feature every sports betting app must include if you want it to be successful. Your users must have access to real-time data to study the game and place wagers based on it. All you have to do to include this functionality in your sports betting app like Bet365.
5. Instant Payments
Ensure to include payment capabilities within the app, streamlining the betting process for users by enabling them to input their card information directly within the application. Integrating a payment system like Stripe simplifies this process for your sports betting app users. Such features will help streamline online payments, and ultimately, your sports betting app will become more successful.
6. Notification System
Implement a push notification system to notify users about upcoming matches, promotions, offers, betting results, and other relevant updates. You can also allow users to customize their notification preferences based on their interests and betting activities. Enabling in-app push notifications is one of the mandatory features of a sports betting app or any other type of app.
7. User Profile and Betting History
Create user profiles to store personal information, betting history, preferences, and betting patterns. Enable users to review their past bets, winnings, losses, and overall betting performance for better decision-making and analysis.
Summing Up!!!
In conclusion, developing a sports betting app like Bet365 involves a substantial investment. The costs are multifaceted, encompassing sports betting app design, development, complex features integration, and ongoing maintenance. The intricacies of real-time data processing, user-friendly interfaces, secure payment gateways, and ensuring legal compliance elevate the cost to develop sports betting apps like Bet365.
However, viewing this expenditure as an investment in a potentially lucrative market is imperative. The popularity of sports betting apps comes as a significant business opportunity. Striking a balance between high-quality development and cost-efficiency is key.
For that, it is advisable to collaborate with a skilled fantasy sports app development company; utilizing agile methodologies and prioritizing features based on market research can aid in cost optimization.
Connect with Dev Technosys, drop your requirements to develop a sports betting app, and get started immediately. You can also hire dedicated developers based on your project requirements.
