TABLE OF CONTENTS
This blog will take you through the key considerations and understanding of the best bookie software solution to keep your players engaged and entertained just as you desire. But first, let’s go through the basics.
What is a Bookie?
Bookie Software Explained
A bookie software is a solution that is used by the bookmakers that allows the bookies to manage all their activities, including but limited to finances, odds management, multiple panels access, accounts and bets management, etc. Choosing a right sports betting software provider fosters accuracy, provides engaging experiences to end users, tracks and keeps all the crucial records, avoids room for errors, as well as enhances accessibility for both operators and players.
Benefits of Hiring a Bookie Sportsbook Software Provider
Real-Time Data
Real-time data allows the bookmakers to display accurate odds which enhances the bettor’s trust. It allows the operators to improve their adaptability with the changing market trends, which deliver better efficiency and productivity, leading to increased player retention.
Player Account Management
The payer account management allows you to view your customer’s information, preferences, betting experiences, allowing you to have a broader view of betting behaviours to provide enhanced user experience and make informed decisions.
Customized Solution
It is not necessary that one solution may fit all business requirements, the bookmaker’s choices of features or inclusions might vary, therefore, look for a provider that offers greater customization for the tailored experience of the end users.
Global Reach
Global reach is a must-have in the betting industry as it has spread its roots widely across the globe, therefore, choose a platform that offers global reach such as multi-currency and multilingual support for greater convenience and easy communication.
Customer Support
Round-the-clock assistance is crucial to any business, it helps the operators with quick queries solving, which not only eases the issues but also builds trust and guarantees long-lasting relationships.
API Integrations
Ensure the integration of distinctive APIs for a smooth and seamless communication and data flow across multiple platforms. With these integrations, the processes are simplified, reach effortlessly across the user globally and save time for operators by eliminating the time pending on integration tasks.
Flexible Payment Options
Diversified payment gateways must be a win-win feature for a bookmaker, it allows greater user convenience, which drives more player engagement and boosts loyalty.
Post-Launch Maintenance
The systems require regular checks and updates, therefore, for any bugs or issues that an operator may encounter in future, choosing a provider with post-launch maintenance is crucial.
Data Security
Ensures that the betting platforms keep their users’ data and information encrypted, protects them against any possible threats, and builds trust. Data security breaches are everywhere, and to combat these security threats, having the right software partner by your side is crucial, so that data integration is prioritized for all parties.
How to Choose the Right Sports Bookie Software Provider for Your Business?
Technical Expertise
Before finalizing a software provider, evaluate their game development experience, 3rd party integrations as well as Player Account Management (PAM). It allows the operators to gain a competitive edge over others in the industry and improves the overall efficiency of their platform.
Industry Experience
Ensure that the provider is well versed with the industry knowledge, rules, varying trends, challenges and opportunities. With great industry experience, they will provide deeper insights into the player’s behaviour and preference for better deliverability.
Licensing
It is well known that bookmaker services are not regulated in many jurisdictions. Therefore, it is crucial to choose a software provider that fully follows the laws. A platform needs to be fully compliant with the authorities’ regulations and laws of your jurisdiction to offer services.
Improved Maintenance & Support
Long-term growth of any platform is defined by the ability to provide constant support and maintenance to the users. Choose a company that offers quick assistance, frequent updates, fixes bugs as well and has a lesser response time.
Budget and Service Offerings
Consider the provided features, services and tools offered by your software provider to check if it aligns well with your needs and target audience. Additionally, compare and contrast the cost of their services with other service providers, shortlist a few options and move ahead with the one that best suits your budget and requirements.
Types of Bookie Software Solutions on iGamingBook
There are two most common ready-to-launch software solutions available, which are white-label and Turnkey, respectively. Let’s understand in detail what each software solution has to offer:
White - Label Bookmaker Software
White-label solution software is a ready-to-launch software, which allows the bookmakers to enter the market quickly. All the operations at the backend are performed and managed by the software provider only.
iGamingBook’s white-label software solution aims to provide the operators with end-to-end development support, offers customization and fully efficient solutions.
Turnkey Bookmaker Software
Turnkey Bookmaker software is also a pre-built and effective software solution, which allows the bookmakers to quickly execute the business.
iGaminBook’s turnkey solution allows the operators to have complete ownership of the software as well as customizations on demand of the operators.
iGamingBook: Advanced Bookie Software Solution Provider
iGamingBook is a premier bookmaker software solution provider which focuses on everything ranging from planning to development. Our solutions help the operators to launch their betting platforms efficiently to serve their business with the uniqueness they require. We have 35+ teams of professionals, served 45+ counties, covered 100+ betting markets and successfully launched 80+ projects.
With our software solution, you get access to multilingual & multi-currency supported bets, gain 100% profit retention, get round-the-clock assistance, better scalability, greater customization, appealing UI/UX, diverse panels as well as rich selection of games.
Frequently Asked Questions(FAQs)
How much does it cost to develop a bookie platform?
The cost varies depending on several factors such as customization, inclusions, the platform you choose, the services you choose and much more. Therefore, there’s no particular range that can be given as it may change upon the choices and requirements of the operators.
Does iGamingBook provide post-launch maintenance?
Yes, we provide the post-launch maintenance services, helping you with your queries for lifetime maintenance.
Which software solution is best suited for a bookie business: turnkey or white-label?
Both the software solutions are ready-to-launch pre-built software that allow the operators to enter the market quickly, but the choice depends on what the operator wants. Turnkey solutions allow the owner to have complete control and ownership of the platform, whereas white-label solutions get everything managed at the back.
How do software providers develop an ideal bookmaker platform?
Here are the steps that are followed for the development of a bookie sportsbook software:
- Analyzing and Devising the goals and vision
- Choosing the right software provider
- Consider the budget
- Regulatory Compliance
- Choosing the features and integrations for the platform
- Marketing and Branding
Does iGamingBook’s sports betting software solution follow regulatory compliance?
Yes, we at iGamingBook prioritize legalisation and therefore, all the solutions offered to you are licensed and fully compliant with the jurisdiction you want to set your business in.
