TABLE OF CONTENTS
What Does a Sportsbook Solution Provider Offer?
Sportsbook software
This is the core technology that runs your book, including odds calculation, money management and reporting. The software can be accessed through a desktop computer or mobile device.
Customer support
Sportsbooks have a wide range of customers, ranging from advanced bettors and casual gamblers to new players who need help with their first bet. A good sportsbook solution provider will offer 24/7 support by phone, live chat and email to ensure that all customers receive personalized service.
Security
A sportsbook solution provider should have an experienced team of developers who can build secure systems that protect user data and funds.
Hosting
The hosting company provides an online platform where you can build your site and run it at scale. The host will also provide technical support if any problems arise during operation or maintenance.
Payment processing
Sportsbooks need a way to accept payments from players and send payouts to winners, which is why many use third-party payment processors like Neteller or Skrill. These companies specialize in handling financial transactions online, ensuring they're secure while they process hundreds of thousands of dollars each week.
Advertising
Some sportsbooks offer advertising programs that let you display your own ads on their websites. This can be an effective way to drive traffic to your site while maintaining a relationship with another company in the industry.
7 Things to Look For Before Picking a Sportsbook Solution Provider
Support and training
The most important thing you need to look for when choosing an online sportsbook software solution is support. Your vendor should offer you plenty of ways to get in touch with their team, including email and phone numbers. They should also provide live chat or other forms of instant messaging so you can get answers quickly and easily. Not only that, but they should also offer training on how to use the platform and make it easy for new users to get up and running. Some platforms have training videos available online or even tutorials in app form for mobile devices.
Scalability and flexibility
You need to make sure that your sportsbook solution provider has the ability to scale with your business as it grows. While this may not be a major concern in the early stages of opening your sportsbook, it’s something that could come back to bite you later on down the line if you don’t think about it now. The last thing you want is for your site to go down during peak hours because your service provider didn’t anticipate this happening and didn’t plan accordingly.
Customization options
The ability to add new features and functions is an important consideration for any business, especially if you want to adapt your site as necessary. You should be able to customize your sportsbook according to your needs by adding new games, changing colors or fonts and changing other elements that make it look more attractive and professional. This can also help with SEO and getting more traffic from search engines.
Mobile betting apps and website compatibility
If you're planning on using your mobile device to bet online, then it's important that the sportsbook offers an app that is compatible with your phone or tablet. You don't want to have to download a bunch of different apps just to place bets. It's best if you can use one centralized app that works with all the bookmaker sites you use. Also, make sure that the website works well on your mobile device as well. Some websites are too heavy and take forever to load on slower devices like smartphones and tablets.
A proven track record of success with other operators
A company that has already successfully implemented sportsbooks at other operators will have a better understanding of the challenges faced by operators and how they can be overcome. A track record also reflects the level of expertise that is available to support you in your own journey.
Availability of dedicated account managers
Your relationship with your account manager is crucial for success, as they will be able to guide you through every step of the process. They should be able to answer any questions you have about implementing or managing your sportsbook, from technical questions all the way through to questions about marketing and revenue generation.
A consultative approach
Once you have identified some potential partners, make sure that they take the time to understand your business and offer advice on how best to integrate their platform into your existing systems. Many companies will offer free trials so that you can test the product before making a decision on whether to purchase it or not.
Features Offered by iGamingBook’s Sportsbook Solutions
Player protection
We are dedicated to providing the finest player protection available. Our sportsbook solutions include the most advanced technologies that protect players from fraud, identity theft and money laundering. We also have a dedicated compliance department that works closely with our gaming partners to ensure that all players are treated fairly.All deposits and withdrawals are processed through our secure banking partner, which is fully licensed in Malta and regulated by the Lotteries and Gaming Authority (LGA). The LGA is one of the most stringent gaming regulators in Europe, requiring strict adherence to KYC/AML regulations.
Customizable branding
One of the features of our white label sportsbook solutions is that you can change the design of the platform to fit your brand. This means that when someone visits your website, they won't be able to tell that it is powered by us.You can also change things like colors, logos and other elements to make it look exactly how you want it to look. This makes it easy for you to create a website which matches your existing branding and style.
Fiat and cryptocurrency support
Our white label sportsbook solutions support both fiat currencies and cryptocurrencies, so you don't have to worry about the legal status of bitcoin or other digital currencies in your country or jurisdiction. You can accept bets from customers anywhere in the world using our system, which makes it easy to reach new customers without having to worry about restrictive regulations or exchange rates.You can also choose from a number of payment processors that we integrate with, including the most popular ones like Skrill, Neteller, PayPal, and more.
Dedicated support team
This is a dedicated support team that we train and manage. We want to ensure that our clients are getting the best service possible, so we have developed a system where our support team is focused 100% on their clients.We also offer a 24/7 live chat service so you can get in touch with us at any time of day or night.Our support team is available on an ongoing basis, so if you ever have any questions or concerns about anything at all, we are here to help!
Fully responsive with all mobile devices
Our white label sportsbook solutions are fully responsive and work great on any device. Our white label sportsbooks look great on every type of device including smartphones, tablets, desktops and laptops too! You don’t need to worry about whether or not your players will be able to log in from their mobile devices because our white label sportsbooks are built specifically for mobile users in mind.
Powerful admin panel
The most important and advanced feature of our white label sportsbook solutions is the powerful admin panel. You will be able to manage your sports betting site without any knowledge of coding or programming. The admin panel is a one-stop shop for all the features you need to operate your own private sportsbook.The admin panel is fully customizable, so you can make it look exactly the way you want it to look. It also includes advanced filtering tools and an extensive reporting system that allows you to track all bets, deposits and payouts easily.
Secure hosting environment
We employ a team of expert developers and programmers who work continuously to ensure that our services are safe and secure. We also use the latest technology in order to prevent any kind of hacking attempts or breaches on your website by hackers. Our programmers are constantly upgrading our servers and modifying them in order to make sure they are up-to-date with the latest security features available on the market. This way you can be sure that your website will always be protected against any kind of attacks by hackers or other cyber criminals.
Advanced reporting system
Our white label sportsbook platform comes with an advanced reporting system that allows you to monitor the activities of your customers. With this reporting system, you will be able to monitor user activity, as well as their deposits and withdrawals. This means that you will have complete control over the operations of your online sportsbook.You can also use this reporting tool to track your income and expenses, so that you can make adjustments if you need to. If necessary, you can even export your data into Excel or other software programs.
How can iGamingBook Help You to Setup A Fully Functional Sportsbook Solution?
FAQs
Yes, it's a growing industry. In fact, the global sports betting market has a compound annual growth rate of 10.64% between 2021 and 2022.
Your first step is to find a host for your platform. This will be the company that owns the servers and provides the technical support for your site.
To set up an online sports betting platform, you need a few things:
a. A license to operate
b. A server to host your website
c. An API
White label sportsbook solutions are better than custom-built solutions, but they're not always the best option.
The reason white label sportsbooks are usually better is that they come with a lot of options and features pre-built into the system. These include things like odds comparison, live betting, and customer support.
Sure! You can test out our white label sportsbook solutions by signing up for a free account.
Sources:
- https://www.thebusinessresearchcompany.com/report/sports-betting-global-market-report#:~:text=The%20global%20sports%20betting%20market,least%20in%20the%20short%20term.
- https://www.globenewswire.com/en/news-release/2022/07/14/2479929/0/en/Sports-Betting-Market-Size-Is-Likely-to-Experience-a-Tremendous-Growth-of-USD-167-66-billion-by-2029-registering-a-CAGR-of-10-26-by-Size-and-Share-Industry-Growth-Regional-Outlook-.html