Sports betting has reached great heights, especially after the pandemic. After the legalization and adoption of sports betting apps, many investors have started investing in developing their sportsbook platform to tap global audiences and earn huge ROI. There is a wide range of games on which people place their bets using betting apps to earn real cash rewards. Some of the most popular online sports betting games are basketball, cricket, baseball, horse racing, and wrestling. Apart from cricket, wrestling sports betting is grabbing the attention of both players and gaming entrepreneurs.
Wrestling is an international sport, watched by people across the globe for fun. There are various international entities like WWE that feature wrestling fight matches and host various pay-per-view events like Wrestlemania. It is a type of sport that is not only watched by people but also used to place great bets. Gone are the days when they needed to visit brick-and-mortar casinos to place their bets on their favorite wrestler.
Today, wrestling betting software development took gambling to the next level and made it quite automated, transparent, and credible with feature-packed, high-performance wrestling betting apps and websites. The platform allows you to bet on matches of various wrestling organizations like WWE, AEW, ROH, NJPW, TNA, etc.
When it comes to launching your own sports betting platform, it is very important to understand the type of game you are dealing with. One must select an experienced wrestling betting software development company to get advanced, unique, and high-end solutions that offer scalability and profitability.
If you are planning to break through the wrestling industry, make sure to focus on all the crucial aspects related to the wrestling betting software platform, including features, benefits, costs, and tech stack.
Market Overview of Wrestling Betting Software Development
The global online gambling software market is increasing at an alarming rate. Earlier the market size was valued at USD 66.72 billion in the year 2020 and it has seen a growth of 11.2% in 2021. With the penetration of smartphones and low-cost internet connectivity, the sports betting industry is expected to grow from USD 74.17 billion in 2021 to USD 158.20 billion in 2028. Moreover, the industry is growing at a CAGR of 11.4% in the year 2021 to 2028.
Besides cricket and baseball, wrestling has become the centre of attraction for global gambling activities. As per market research, wrestling sports betting platforms are increasing in a manner like none other. Day by day the value of wrestling gambling is inclining and more people are investing in wrestling events to earn real cash rewards.
What is Wrestling Betting Software?
Wrestling betting software is a platform that allows users to join thousands of wrestling fans and watch live wrestling streams from the comfort of their homes. The software highlights real-time wrestling match updates, performances, team player details, scores, and upcoming matches, etc. Wrestling betting software allows users to make a virtual team of players of their own and place bets on team players. The winning probability depends on the performance of the wrestlers in the real-life match on that day.
The platform offers an uninterrupted gambling experience to punters across the globe with advanced and customizable features, offering them the flexibility to personalize their gameplay experience. In turn, helping them make informed and accurate betting decisions.
Before we talk about wrestling betting software features, let’s first understand some of the common types of wrestling betting software, including white-label Wrestling Betting Software and Turnkey Wrestling Betting Software.
Turnkey Wrestling Betting Software Development
Turnkey sportsbook software solutions are much more profitable for those who are looking to possess more control over the wrestling betting software platform when it comes to customization. All you need to do is get the legal and formal regulations done and the rest technicalities are managed by the betting software development company you will hire for your project.
Whitelabel Wrestling Betting Software Development
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Whitelabel betting software solution offers ready-made service, offering third-party integration to manage the functioning of the software. It is suitable for those who are looking for a cost-effective way to develop their sports betting platform. If you are new to the industry and want a ready-made solution, then Whitelabel wrestling betting software would be much more profitable for you.
If you want to know more about the white label betting software development,
Key Features of Whitelabel Wrestling Betting Software
Features play an important role when it comes to the white-label wrestling betting software development process. There are plentiful features that you must integrate to complete the entire platform. However, here we have listed some of the major features that you must not miss while developing your own platform.
Feature of User Panel
|User Panel Features||Description|
|Quick Registration||The registration process can be hectic and long at times, making people uninterested. To avoid this scenario, make sure to incorporate quick and easy registration. The process involves the user’s personal details including name, contact number, and Email ID.|
|Live Feed||Make sure to integrate the live feed feature to provide users with quick and real-time details about the wrestling event or player performance.|
|Multilingual||Integrate multiple languages into your Wrestling Betting Software Platform to support users from across the globe. This will help them understand the match details and stats in their own native language.|
|Push notifications||To increase user engagement and interaction, integrate push notifications, providing users with constant and quick updates about the upcoming happenings of the event.|
|Live score||This feature will help users understand their winning probability. Live scores of their team players will help them make informed and accurate betting decisions in real time.|
|Safe payment methods||Integrate safe and secure payment methods to protect the confidentiality of user bank details. Allow users to integrate their bank account with an in-game e-wallet in a seamless and secure manner.|
Feature of Admin Panel
|Admin Panel Features||Description|
|User management||Admins manage users using this feature. They keep track on user activity, place bets and select team members.|
|Game management||This feature allows admins to manage game functionalities in an efficient manner. They can track live match events, team players and scores.|
|Odds management||Admins can manage, control or modify the odds as per their preferences.|
|Payment management||Using this feature, admins can manage the entire payment system in a transparent manner. They ensure the safety and security of the user transactions while keeping the bank information confidential.|
|Real-match streaming||Admins can track the performance of the users and place bets using this feature. They ensure that the streaming is seamless and uninterrupted to increase user engagement and interaction.|
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Benefits of Wrestling Betting Software Platform
1. High reach
Wrestling has received the great attention of people from across the globe. It is one of the most famous and preferable games for centuries. Wrestling betting has always been here among us, but it became widely famous with the advent of tech adoption, smartphone, low-cost data penetration and sports betting apps introduction. Therefore, investing in wrestling betting software solutions can be a profitable option as the platform itself will automatically reach millions of people from across the world.
2. Multiple Monetization Strategies
Besides high reach, you can make a fortune through the wrestling betting software platform by including multiple monetization strategies such as in-app advertisements, in-app purchases, engagement fees, participation fees, and brand promotion and collaboration.
3. Increased ROI
If you are planning to start your own sportsbook business, make sure to select an experienced and certified wrestling betting software provider that can help you develop a feature-packed, latest tech-integrated platform, generating high ROI.
4. Safe Betting Experience
People prefer to use gambling platforms that are safe, reliable and credible. The platform provides users with a safe betting experience by incorporating safety protocols and secure payment integration methods.
5. Cost-Effective Betting Solution
Wrestling betting software development is an economic option to launch your own gambling platform. The software will cover all the necessary elements required for gambling activities, offering users with one-stop-platform to check and monitor their team players.
Now that you know the benefits of launching your own sportsbook platform, you must be wondering about how to hire the best development company. Fret not, here is the guide for you!
Technology Stack of Wrestling Betting Software Solutions
As a leading Turnkey Wrestling Betting Software Development company, we integrate next-generation and future-ready tech stack to make the entire platform advanced. We ensure to provide users with high-performance and feature-packed wrestling betting software platforms.
- Android: KotlinCoding Languages: PH, React Native, C, Flutter, Java, Python etc.
- Database tech stack: MySQL, Cassandra, Postgres, MongoDB
- iOS: Swift and Flutter
- Push Notifications: Twilio, Apple Push Notifications
- Security Elements: Duosecurity, Twilio Authy, and Retrace
- Cloud: Azure and Google Cloud
- Payment Integration: Braintree, Net Banking PayPal, e-wallets
- Social Media Integration: Facebook SDK
How Much Does It Cost To Develop Wrestling Betting Software?
The wrestling sports betting software development cost depends on several factors such as platforms, features, graphics, the level of the tech stack, and so on. It is very difficult to define the exact development cost before knowing the project specifications and customization details.
- If you want to develop wrestling betting software with basic features and functionalities, the cost will be less.
- However, with an advanced tech stack, features, and functionalities, the cost will be comparatively more.
- Likewise, the Android platform development cost will be comparatively lesser than that of the iOS platform.
On average, the development cost of wrestling software for sports betting with fewer features and a basic tech stack is around $20,000 to $30,000. The development cost may shoot up to $50,000 depending on the level of the project. Here we have listed some of the factors affecting the overall cost of the wrestling betting software platform.
- The location of the developer
- Cross-platform compatibility
- Testing and QA
- Complexity of features
- Safety standards implementation
- Technology stack
Why Choose BR Softech as a Wrestling Betting Software Development Company?
As a leading wrestling betting software provider, we incorporate best-in-class development strategies and the latest tech stack to launch innovative yet unique software solutions for a wide range of sports betting games. We have a team of certified and leading software designers and developers who work round the clock to deliver excellence through cutting-edge wrestling betting software platforms. Our platforms are not only secure and reliable but also scalable which can help you enhance your business reach and overall profit margins. Choose us to get:
- 24/7 tech support
- Fully customized software
- Agile development process
- Transparent working methods
- Expert team of developers
- Accurate testing and QA
Sports betting industry is attaining a great height due to an increasing fan base and craze for online gambling activities. Among other games, wrestling has become mainstream due to several reasons, including live match streaming, online wrestling betting apps, platforms and so on. We hope you might have got an idea about how to create wrestling betting software from scratch. From ideation to launch, we at BR Softech can help you develop the best-in-class sports betting application with advanced features, graphics, tech stack, and specifications.
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Frequently Asked Questions(FAQs)
Wrestling betting software development is a time-consuming process but with an efficient team of developers, you can get the betting software in 3 to 5 months. Read More
There is a wide range of sports betting applications that are available in the market. However, only a few of them stand out from the crowd. The top 5 sports betting applications are the Betway app, Bet365 app, Parimatch app, Melbet app and ComeOn app. Read More
Yes, we offer feature-packed, fully customizable Wrestling Betting Software Development Services that are highly credible, scalable, reliable and authentic.
BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.