As evidenced in the epics from India and China, the concept of betting is probably as old as sports itself. Betting enjoys its relevance and prominence from the fact that people like to make money out of probabilities, and sports betting is one such territory where probability pays.

The introduction of online betting and mobile applications has resulted in a democratic shift of sports betting as an activity and business. Just like cab booking and online dating, even betting has gone through the paradigm shift of mobile applications.

The popularity of betting apps is proportional to its acceptance as a business and the openness of constitutions to accommodate betting.

William Hill – the ‘Uber’ of betting apps:

Just like how Uber created a synonymy with cab booking, William Hill has done that with sports betting apps. Although there are competitors like Bet365 and Paddy Power, William Hill stands tall among them and can be considered a de facto standard for creating a betting app that is immersive for the user and profitable for the creator.

With the advent of app development companies that can develop clones of sports betting Mobile apps like William Hill, the possibilities of you starting a business that relies on an app are quite bright.

Basic features of a sports betting app

Any app like William Hill has to feature these basic aspects to facilitate the requirements to place bets and win.

Sign in

This is the most basic section of the app which will present personalized content for the users. The users can register in the app by using social network or email account credentials.

Live scores

The bets that are placed and the probability of winning depend on the scores. A clone of William Hill needs to have a feature that will enable users to check the scores of the matches they are betting on.
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https://www.inoru.com/blog/cost-to-develop-a-sports-betting-app-like-william-hill/

Sports betting has come a long way since its inception. The industry is almost unrecognizable from even just a few years ago. No one could have predicted that the market would reach the heights that it has. It would have been difficult to imagine the development of internet sports betting and the robust mobile market in the early 1990s when websites and mobile phones were mere novelties. But that story has changed dramatically.

Approximately 2.2 billion individuals worldwide use smartphones and a billion more own a tablet. What this spells out is a market that is primed for a smart investment. If you are an entrepreneur, you need to be seriously looking at ways through which you can get into sports betting app development.

But to keep up with the evolving market, you need to offer customers something new and exciting. It’s very important to keep your customer base engaged by offering them something fresh by continuously innovating your business with new ideas that make the venture more efficient and easy to use.

The Integration Of Live Streaming

Something that many sports betting services are doing nowadays, is integrating live sports into their mobile betting app. By doing so, they not only provide their existing user base with the ability to watch sports in real-time but can also potentially stand to gain a lot of new customers by offering them this service. A lot of people might use their mobile app to avail streaming services which can then be converted into actual customers who spend money on the sports betting side of the application. As live streaming alternatives develop from a buzzword to something of a compulsory function, their further development is all but ensured.

Live streaming development is already underway and this expansion starts with enhanced accessibility. Future bettors will be able to stream any match that they can bet on with extensive sports schedules that are all readily available within the sports betting mobile application. This will bring more enhanced in-play wagering possibilities, not to mention developing new methods of watching the game live. Bettors that are unable to stream games will be provided audio commentary and visual updates at regular intervals. These are key features that are sure to entice a lot of potential customers to your business venture.
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https://www.inoru.com/blog/mobile-app-based-sports-betting-the-future-of-sports-betting/

With the success of many online gambling and sports betting websites like Bet365, the taboo perception of the industry has vastly decreased. What was once considered to be not family-friendly is now being advertised by some of the biggest sports leagues to families all around the world. This change in perception has led to a sharp increase in the interest and subsequently, the revenue generated by the industry.

The Big Picture Of Online Gambling

According to Gambling.net, the revenue from online gaming reached $45.8 billion in 2018.
In the UK, the total revenue from gambling was an impressive £14.5 billion.
In Canada, the revenue was found to be $17.3 billion and is expected to keep growing at a steady pace.
The worldwide online gambling industry as a whole is expected to double itself in the next few years.

Looking at the raw data, a clear picture is painted. The online gambling business has seen tremendous growth and is really thriving. But the news that should get you really excited is the fact that this trend isn’t going away anytime soon.

Naturally, you might have already started pondering the obvious question. How can I start an online gambling business and be a part of this economic boom?

Well, obviously, starting an online gaming business is easier said than done. Not all countries treat gambling the same way. Some countries have placed heavy restrictions on gambling while others are more lax about it, and there are few that even encourage it. So depending on the country of your origin, the rules may differ, so do the necessary research about the laws of the land before you jump headfirst into this new venture.
Read the full ARTICLE HERE:

https://www.inoru.com/blog/5-things-you-need-to-make-your-online-gambling-business-a-success/