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Sports Betting

Horse Betting Exchange Software- Everything You Should Know

written by Nitin Garg | Jun 05, 2023
Horse Betting Exchange Software

You must be familiar with the term called “horse racing betting,” which allows users to bet on horse racing in real-time. The horse racing betting exchange software platform allows bettors to bet with each other instead of against the bookmaker. With the advent of technology and smartphone penetration, betting has become online, offering users with safe, convenient and secure gambling experience. If you are an entrepreneur, it is time for you to invest in horse betting exchange software development to attract new users and generate a high level of ROI. 

The platform offers plentiful benefits to both users and investors. For users, it is a platform using which they can bet anytime they want as long as the other party approved of betting. While for investors, it offers an opportunity to gain the interest of new users and generate maximized revenue by making it accessible across the globe. If you want to know more about the same, here is the guide for you! 

What is Horse Betting Exchange Software? 

Unlike conventional betting platforms, horse racing betting exchange software lets users place bets against each other instead of bookmakers. Moreover, it also charges a lower amount of entry fees as compared to traditional horse racing betting platforms. Since it is a peer-to-peer platform, users can even track the performance and scores in real-time without any interruption from the bookmaker. It offers the best odds that can help bettors win at the end of the betting round. 

As a leading horse betting exchange software provider, we offer different modern and future-ready tools within the platform that can help you offer users with outstanding betting experience. Besides that, harnessing can aid you attract new users and retain the existing ones. 

Exclusive Features of Horse Betting Exchange Software 

As the best horse betting exchange software development company, we offer clients immersive, engaging and feature-packed solutions that are highly scalable, reliable and credible. Here is the list of features we provide at BR Softech: 

Features of Betting Exchange Software 

Features of Horse Betting Exchange Software Description 
Cash Out With the cashout feature, players can easily take out their money during the match, which increases player participation and engagement on the platform. 
Matching Engine We ensure to enable your customers to get matched with the opposing customers. This will provide an appropriate match of the odds and bets.  
Real-time bet historyWith this feature, players can check the past records of the bets placed, lost and won by them. This will help them analyze their performance while keeping track of all the bets. 
Supports different types of betsHorse racing betting exchange software supports a wide range of bets, offering users an enhanced and maximized betting experience.
Multi-Tier Agent System With a multi-tier agent system, admins can create robust networks with each other.
Live Streaming The live streaming feature allows bettors to enjoy the gameplay and place bets simultaneously without any glitches. With this, they can make informed and wise betting decisions based on the best odds available during that time. 
Crypto Support As a top crypto sports software provider, we promise to provide crypto support, enabling users to make transactions and withdrawals using the cryptocurrency of their choice. 
Multiple payment methods With multiple safe and secure payment methods, users can select the payment methods of their choice to make instant withdrawals and transactions using the platform. 
Liquidity Management This feature allows users to set the bet limit and manage and control their liquidity seamlessly. 
Multi-Lingual Support In order to target people across the globe, we as a horse betting exchange software development company never fail to integrate multi-lingual support features, enabling a global audience to understand everything in their own native language. 

Also Read: Must-Have Features in Online Horse Racing Betting App

Benefits of Horse Betting Exchange Platforms 

Now you must be wondering why to leverage horse betting exchange platforms. Let us tell you that thing in detail. Here is the complete list of a wide range of benefits you can get from our betting exchange platforms: 

Benefits of Horse Betting Exchange Platforms

1. Lower Fees 

Unlike traditional betting exchange platforms, horse gambling exchange software minimizes the role of a bookmaker. Moreover, such platforms offer users to enter with lower fees. The software is designed with the integration of a user-friendly interface which also increases the engagement and retention of the bettors. 

2. Better Odds 

Our online horse racing gambling software provider provides users with the best odds using which they can easily win their bets in a matter of a few seconds. Since it does not involve the role of a sports bookmaker, punters can make the best use of such odds to win real money rewards. 

3. Cost-Effective Solution 

We aim to provide our clients with an affordable and cost-effective platform that is designed by keeping their budget, specifications and convenience in mind. As the best horse racing betting exchange software provider, we never fail to leave a stone unturned to provide clients with quality-oriented solutions. 

4. High-Risk Management Tool 

We ensure to integrate high-risk management tools within our horse gambling exchange software to offer users minimal betting risks. Moreover, our expert team integrates the anti-fraud system to protect users against data breaches and malicious attacks. 

5. Real-Time Analytics 

In order to keep admins and users updated with all the live stats and information, we ensure to integrate a feature called real-time analytics within our software. We aim to provide them with error-free, accurate and reliable data which can be used to make authentic business as well as betting decisions. 

Also Read: An Exclusive Guide To Create Horse Racing Betting Software

Horse Betting Exchange Software Development Process 

The development of the horse racing betting exchange software is not everyone’s cup of tea and hence requires a lot of planning, brainstorming, and research. Here is the list of steps we follow as the part of horse racing game development process

Horse Betting Exchange Software Development Process

1. Market Research 

The first and foremost thing we do is market research and analysis. In this phase, we ensure to gather information like competitors, budget, client’s specifications, details etc. Moreover, we also perform a SWOT analysis to find out the potential threats, opportunities, and strengths of the project. 

2. UI/UX Design 

The second step is creating an attractive and appealing UI/UX design featuring user-friendly elements that offer users increased engagement opportunities. The interface decides the success and failure of any application or platform. We at BR Softech aim to integrate creative and innovative designs, and visual elements to target a global audience and provide them with enhanced experience. 

Also Read: 10 UI/UX Design Challenges in Sports Betting Apps

3. Development 

In this phase, our expert team of horse racing betting exchange software developers aim to integrate the latest technologies, tools and professional programming languages to bring forth a seamless and innovative betting platform that is highly scalable, and reliable. 

4. Testing & QA 

As the best horse betting exchange software provider, we ensure to perform proper testing and QA to check the functioning and performance of the platform.  Our expert team follow performance testing, integration testing and operational testing to fix all the bugs, glitches and loopholes of the platform. 

5. Deployment 

After full-fledged testing, we ensure to launch the platform in the market using top-notch marketing strategies like digital marketing campaigns, youtube marketing, content marketing etc., to target a global audience and tap untapped market potential. 

Also Read: Why Do You Need to Develop a Fantasy Horse Racing App?

Cost of Horse Racing Betting Exchange Software 

It is hard to define the exact cost of horse racing betting exchange software until and unless we don’t know your project details, specifications and features. On average, the horse betting exchange software development cost ranges from $30k to $35k with basic features and functionalities. However, the cost may shoot up depending on a varied range of factors. 

Factors affecting the overall cost of development 

  • The complexity of the features 
  • Advanced tech stack 
  • Location of the developers 
  • Level of graphics 
  • Customization 
  • Testing & QA

Why choose BR Softech as Horse Betting Exchange Software Provider? 

We are highly driven by the reputation of being the best sports betting software provider across the globe offering all-inclusive solutions covering all types of sports such as football, volleyball, basketball, cricket, hockey, horse racing, greyhound racing etc. Our expert team of designers, developers, and QA engineers work day in and day out to bring forth the most creative and innovative betting solutions that are highly scalable, credible and customizable. Choose us as a Horse Betting Exchange Software Development Company to get: 

  • High level of features 
  • On-time delivery of the project 
  • Expert team of developers 
  • Advanced tech stack 
  • Robust and affordable solutions 

Quick Contact Us : 

Call/whatsapp :  +971-527313556+91-998-220-1414

Skype : bdm.br

Email : nitin@brsoftech.com

Frequently Asked Questions 

Q. How Much Does it Cost To Make a Horse Betting Exchange Software?

Ans. On average, horse racing gambling exchange software development cost ranges from $30k to $35k with basic features and functionalities. However, the duration may go up to $40k and even more depending on the type and complexity of the project.

Q. How Long Does It Take To Develop a Horse Gambling Exchange Platform?

Ans. On average, it takes around two to three months to develop a horse gambling exchange platform from scratch. However, the duration may go up depending on the type and complexity of your project.

Q. How To Create Horse Racing Betting Software?

Ans. It can be created by following the steps such as market research, UI/UX design, development, Testing & QA, and deployment. Read More

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Nitin Garg

I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning mobile game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

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BR Softech Pvt. Ltd. is a prestigious IT company that specializes in providing cost-effective and tailored tech-enabled solutions for different industries and genres. Established in August 2012, we have over 10+ years of experience in mobile game development. Take your business to the next level with our feature-packed metaverse, casino, mobile game, sports betting and fantasy sports software development services.