Humans have been gambling for as long as we have been around. It’s entertaining, enlivening, and, best of all, you can win money! I mean, there’s a reason that Las Vegas is one of the U.S.’ favorite destination spots right?
More importantly, there’s a reason why the casinos and hotel owners in Las Vegas are so rich. Gambling as a business is extremely lucrative. People want a place to spend their hard earned money and they deserve to do it – so why not provide them with the opportunity?
New trends like social media websites have enabled a new generation of betting – with a twist. In recent years, there has been a push to show people that gambling can be a fun, social event, not something that takes place in lonely smoke-darkened room of sadness.
This new trend, frequently called social gaming, involves peer-to-peer betting over essentially anything the peers decide. And it’s taking off – social gaming alone is now worth over $1 trillion worldwide! And we’re not even touching the lucrative business of fantasy (and non-fantasy) sports betting.
So why does an app development firm care? Because a growing market and new technologies mean only one thing – a business opportunity. Betting apps for iPhone are a growing field and present the perfect chance for the aspiring entrepreneur. Ready to get started now? Shoot us an email at email@example.com and we can send you a free app quote right away.
Need more convincing? Let’s discuss the why and the how to go about building a betting app.
As mentioned above, this is market opportunity of the classic sort. There is a growing need for technological solutions to betting – i.e. betting apps for sports, horses, golf, and so on. In the last few months alone, fantasy sports betting has blown up in the U.S., generating record amounts of cash. While currently undergoing some legal transformation, sports betting is unlikely to go away anytime soon. Hire betting app developers and build your own iPhone app.
What is really needed is a betting app between friends – a solid peer-to-peer betting app that lets users safely and securely make friendly bets. We’re not talking about apps that connect you to a gaming website, such as TedBets; we’re talking about apps that let two or more friends bet on something within their own group.
Apps from betting companies like Paddy Power have unleashed a whole new wave of gambling, but most betting apps focus on a one item – such as sports. There are some options that let users input their own situation, but by and large those are websites, or aren’t as robust as they need to be (check out this case study for an example of a high-functioning complex website).
That being said, there are some excellent betting websites out there that the aspiring entrepreneur should look to for an example. In our opinion, the website TedBets is probably the best out there; it focuses predominantly on sports like competing websites but it goes just a little further.
Rather than straight betting, on prearranged deals TedBets allows users to design their own bets on sporting events. There are virtually no restrictions – you want to bet that one player in one sport does better than a different player in wholly different sport, you go right ahead.
So, to wrap up this section, there’s money here. A whole heaping mound of it, just waiting for the right iPhone app. Now that we know why we should be doing this, let’s talk about how.
First,we always recommend hiring a development partner. One of the best parts of the app industry is that anyone can get involved. Apps can be used in almost all avenues of life from saving lives to, well, betting. All you need is an idea and a little spare cash.
Even if you are a decent coder yourself, we wouldn’t recommend hacking it alone. App development involves more than just coding: there are marketing, design, and even development tricks and strategies unknown to the layman. Even if you don’t choose us, find an expert! It’s the best path to success.
Here’s a great example of what we mean: what are the best tools to help build something like a betting app? There are plenty of development tools out there that can be used to make a stellar app quickly, efficiently, and inexpensively. Let’s talk about the current darling of our developers (just the one though – we don’t want to give away all of our secrets, after all!): the Betfair API.
The Betfair Exchange API is a tool that helps developers establish a functioning betting app. It allows for integration with different markets, customization of bets, and even integrates with main payment systems, such as PayPal. More importantly, BetFair simplifies the betting process; it comes precoded to easily design and accept bets of all kinds.
The betting app sector is just getting started, but it’s already worth over a trillion dollars. While app betting is going through some growing pains, this market is here to stay. It represents an excellent opportunity for the business savvy individual:
• There’s a broad and growing market;
• It can be built inexpensively (without degradation of quality) by the right team;
• Tools like the BetFair Exchange API let developers quickly build a flawless product;
• Betting has been around for a long, long time. It’s unlikely to go away soon!
Ready to make cash hand over fist with your own betting app? Learn more about what creating your own betting app requires through a direct consultation with SDI’s market and development experts in Silicon Valley. All you need to do is give us a call at 408.802.2885 now to get started. Contact us today to develop and design a competitive betting app solution.