You must be familiar with the term “horse racing betting,” which allows users to bet on horse racing in real time. The best horse racing exchange software 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 a horse racing exchange app 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 approves 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 are looking for the horse racing exchange software, this guide is for you! Let’s start the blog without wasting any time!
Unlike conventional betting platforms, horse racing exchange software lets users place bets against each other instead of bookmakers. Moreover, it also charges a lower entry fee than 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 horse racing exchange platform that can help you offer users an outstanding betting experience. Besides that, harnessing can aid you in attracting new users and retaining the existing ones.
We have a team of experts who can help you with app web & software development
As the best horse racing exchange app 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 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 | This feature enables customers to get matched with opposing customers. It provides an appropriate match of the odds and bets. |
| Real-time bet history | Players can check their bet history, lost and won by them. This will help them analyze their performance while keeping track of all the bets. |
| Supports different types of bets | The horse racing exchange online app 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. Live streaming makes informed 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 | To target people across the globe, we as the best horse racing exchange software development company never fail to integrate multi-lingual features, enabling a global audience to understand everything in their native language. |
Also Read: Must-Have Features in Online Horse Racing Betting App
Now you must be wondering why to leverage online horse racing 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 horse racing exchange online platforms:
Unlike traditional horse racing exchange platforms, horse gambling exchange software minimizes the role of a bookmaker. Moreover, such platforms offer users the ability to enter at lower fees. The software is designed with the integration of a user-friendly interface which also increases the engagement and retention of the bettors.
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. Players can even use a horse racing betting calculator software to calculate winning odds.
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 exchange software provider, we never fail to leave a stone unturned to provide clients with quality-oriented solutions.
We ensure to integrate high-risk management tools within our horse racing exchange app to offer users minimal betting risks. Moreover, our expert team integrates the anti-fraud system to protect users against data breaches and malicious attacks.
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 that can be used to make authentic business as well as betting decisions.
Also Read: An Exclusive Guide To Create Horse Racing Betting Software
The development of online 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 online horse racing exchange game development process:
The first thing is to do 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.
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.
In this phase, our expert team of horse racing exchange software developers aims to integrate the latest technologies, tools, and professional programming languages to bring forth a seamless and innovative horse race betting platform that is highly scalable, and reliable.
As the best horse race betting exchange software provider, we ensure to perform proper testing and QA to check the functioning and performance of the platform. Our expert team follows performance testing, integration testing, and operational testing to fix all the bugs, glitches, and loopholes of the platform.
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.
It is hard to define the exact cost of online horse racing exchange software until and unless we don’t know your project details, specifications, and features. On average, the horse race betting exchange software development cost starts from $25k with basic features and functionalities. However, the cost may shoot up depending on a varied range of factors. Here are the factors affecting the overall cost of developing software for horse racing betting exchange:
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 works day in and day out to bring forth the most creative and innovative betting solutions that are highly scalable, credible, and customizable. Choose us to get:
On average, horse racing gambling exchange software development cost ranges from $25k with basic features and functionalities. You must note that the cost increases with complexity. Contact BR Softech to know the exact cost of your project.
On average, it takes around two to three months to develop a horse racing exchange platform from scratch. However, the duration may go up depending on the type and complexity of your project.
You can create it by the following steps:
Market Research
UI/UX Design
Development
Testing & QA
Deployment
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You must use horse betting software to place horse race bets. The bets are simple, you only need to select the race and bet on single or multiple horses, and if any of the horses win, you win the bet.
The best horse racing strategy is value betting. It involves identifying discrepancies between a bettor’s estimation of their horse’s winning chances and the odds provided by the bookmaker. By taking this advantage, bettors can maximize their profits with higher winning chances.
Let’s understand how horse betting works below. The user bets on horses using horse racing betting software. At the end of the race, if the horse, user placed the bet in the beginning wins the race, the user wins the bet.
