Anyone who wishes to start an online casino business or a sportsbook should start by choosing the right provider. With modern approaches, technological advancements, and international regulatory frameworks for ensuring compliance, operators in the iGaming space can launch and operate new sites without unnecessary delays. Several companies develop and supply iGaming software, but not every sports betting software provider is a great choice; providers should have the expertise, tools, and resources needed to develop and even help operators launch successful gaming platforms. Finding a suitable provider from our listing is easy with just a few steps to follow, allowing operators can make more informed decisions:
Top Sportsbook Software Providers to Optimise Your Platform
Picking the top sportsbook software providers is crucial if you want to start an online sports betting business in a competitive industry. iGaming software companies earn the best reputations by offering betting features on various sports events, reliable payment gateways, and analytics, among other tools. Read on with this guide to learn more about how sports betting software providers work as well as how to discern the most trusted companies that licensed operators can trust.
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Built by market experts hosting events since 2023, with our first event in Riga, Latvia gathering over 300 top level iGaming industry executives, Ace Alliance is able to provide you with reliable information from direct interaction with experts and leaders in the sector.
What Is a Sportsbook Software Provider?
A sports betting software provider is a company responsible for developing and providing a platform for operators to offer betting services. Software providers in the iGaming industry create the core software, offer managed services, provide accurate data feeds and live streams, and offer the necessary risk management tools. Their platforms cover all popular betting markets, provide secure payment systems, and offer data reporting and analytics tools. Players who access such sites can place bets on football, horse racing, virtual sports, fantasy sports, and other popular sports played in different parts of the world.
When choosing a sports betting platform provider, operators should consider their business needs. They can choose between white label sportsbook providers or turnkey solutions depending on the budget, business goals, and how quickly they want to launch the platform. Other factors include the company’s reputation, compliance with regulatory requirements, advanced features, mobile compatibility, reporting tools, and the level of customisation.
Key Features that Sportsbook Software Providers Guarantee
When choosing an online casino platform provider or sportsbook software provider, the selected company must offer the key features that operators and registered bettors will need. The best online sportsbooks are expected to hold valid licences and offer a range of bonuses, competitive odds, cover several betting markets and sporting events, and provide a safe betting environment. The following features are a must-have for any sportsbook software provider.
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Match Tracking: Real-time match tracking is an essential part of any sports betting software suite, created to offer an immersive betting experience on any sportsbook platform. Operators should be able to visualise and track all sports events and choose their preferred markets based on the needs of their target market.
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Multi-Bet Builder: The best sportsbook software platform offers same-game multi bets or bet builders, allowing sports bettors to combine bets on the same game. This feature gives bettors a chance to boost their odds and potential profits by creating a betting slip with multiple selections rather than placing each wager individually.
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Bonus System: High-quality sports betting software is fully equipped with a bonus system and marketing resources for creating promotions, advertising the brand, and boosting player engagement. Bonus features allow the operator to create welcome bonuses, free bets, acca boosts, and other promotions that attract online bettors.
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Risk Management Tools: Robust sportsbook software comes with the necessary anti-fraud and risk management tools, offering around-the-clock customer service to ensure your business and players are safe online. The key features to look for as an operator include strict KYC procedures, protection from bonus abuse, suspicious activity checks, responsible gambling resources, and compliance with data protection rules.
Benefits of Using Sportsbook Software Solutions
Starting a new iGaming business amidst a vast online gambling industry is not an easy task. From developing a functional gaming platform to adding the features an operator needs to deliver the best experience, the process includes many steps that require expertise and experience. Purchasing sports betting software is the easiest way to obtain an operational sportsbook platform, and there are two main options to choose from: white label and turnkey solutions. Let’s take a look at the advantages operators can expect when using sportsbook software solutions.
Technology & Innovation
Leading iGaming software providers come with years of experience, the best technology, and the skills needed to provide high-quality sports betting platforms and the infrastructure needed to run an online sportsbook, according to our team's criteria at Ace Alliance. They leverage the latest technology to add innovative features that make it easier for operators to attract new players and retain existing customers, leading to more profits and increased customer satisfaction.
Partnerships & Collaborations
Reliable sportsbook software companies partner with the most trusted providers in the online gaming industry, forming long-lasting business relationships and working closely to provide premium products and services to clients. They work with reputable operators, industry experts, popular game providers for betting sites that double as online casinos, and payment method providers to ensure that players and sports bettors have everything they need under one roof.
Scalability & Reliability
The sports betting industry is growing rapidly, so any person or company looking to invest in this sector may want to scale in the future to meet the changing needs of operators and sports bettors. One of the benefits of choosing a good sportsbook software provider is that operators who want to grow can easily scale their businesses to accommodate more players and handle an increasing number of everyday transactions by adding more payment systems.
Customisation & Configurability
Each sports betting software provider provides a platform with a certain design, so it is inherently important to compare different companies and find the ones with the features you prefer to have on your sportsbook website or app. One notable advantage of choosing from the best providers is that operators can have their sports betting options customised and even choose their preferred pricing plans.
Analytics & Reporting Tools
Every top-rated sports betting provider develops and supplies software with comprehensive analytics, reporting tools, and an easy-to-use dashboard that allows business owners to view and analyse important statistics. These features make it easy for operators to measure their results, evaluate their performance over time, and make informed decisions to propel their sports betting businesses to success.
Brand Growth & Visibility
A well-designed sports betting software platform comes with the tools and resources operators need to attract new players, boost player retention, create brand awareness, and promote short-term and long-term business growth. Operators can easily take their business to the next level by capitalising on different marketing tools to advertise their brands through attractive bonuses and optimise the costs associated with promotional campaigns.
How to Choose the Right Sportsbook Software Provider
Compare Sportsbook Software: Turnkey vs. White Label Solutions
Online sports betting operators can choose from two popular iGaming solutions: turnkey and white label, much like white label online casino providers. Turnkey software providers offer a standalone gaming platform with the betting software and technical support an operator needs to start and operate the business. This option is highly customisable and suitable for experienced operators who want to operate independently with their own merchant accounts and licences. On the other hand, a white label sportsbook platform offers a quick-to-launch option with licences held by the provider. The platform comes with integrated payment methods, betting options, and technical support. This allows the operator to only focus on the branding and marketing aspects of the business. Let’s take a look at the key features of turnkey and white label sports betting solutions side-by-side.
| Turnkey Sportsbook Solutions | White Label Sportsbook Solutions |
|---|---|
|
Operators maintain customisable betting platforms with all the important features. |
The operator purchases a ready-to-go sportsbook with all essential features. |
| The operator controls all business operations, including legal matters, finances, and operations. | The provider controls most business operations and holds the licence. |
| Recommended for operators who want to operate independently. | Suitable for operators who want to focus on branding and marketing. |
| It can take more time to launch, depending on the level of customisation. | White label platforms are usually quicker and easier to launch new brands. |
Sportsbook Regulatory Compliance & Certifications Explained
All online sportsbook operators must comply with national gambling laws and anti-money laundering regulations in the countries they target. By choosing trustworthy sports betting software providers, operators can benefit from ISO and GLI accreditations. Companies that demonstrate a commitment to protecting sensitive data always implement the recommended security measures by adhering to ISO 27001 standards. They are also certified by Gaming Labs International, meaning that their software and systems are tested based on the standards established in different countries around the world.
Such crucial tests and accreditations guarantee that operators comply with safety and fair gaming laws, providing a secure gaming environment for gamblers to bet on sports matches or play casino games for real money. Moreover, they help operators become more visible by offering platforms certified by trusted regulators to serve players in different markets.
Pros & Cons of White Label Sports Betting Software Solutions
A white label sportsbook platform is a recommended choice for startups and existing businesses looking for an affordable sports betting solution. Many sportsbook software providers featured in this guide offer white label solutions, so finding a suitable company should be easy. Here are the key facts operators need to discern before choosing white label betting software.
Pros
- Operators pay for a fully operational betting platform.
- Faster rate of speed-to-launch for the operator.
- The provider handles finances, licences, technical aspects, and daily operations.
- The operator provides the brand name and business logo.
- Operators can focus their efforts on marketing strategies.
Cons
- Limited flexibility and customisation options for the operator.
- Operators have limited control over business operations.
- The platform owner agrees to share revenues with the provider.
Standard Costs Associated with Sportsbook Software Solutions
Creating a robust sportsbook platform is a process with many challenges. One of the issues operators have to deal with is the price of sportsbook software. The cost varies depending on several factors, such as the selected provider, type of solution (turnkey, API, or white label), level of customisation, licensing fees, and the features the operator needs.
White label solutions are cheaper, while custom-made and turnkey solutions are relatively expensive. Prices can range from thousands of dollars to hundreds of thousands of dollars.
Editor's Tip: Up-to-Date Sports Market Coverage Makes an Impact
The top betting platforms provide comprehensive market coverage and allow operators to track matches and offer live streaming services, which can help sports punters make informed decisions and correct predictions. Besides considering these features, it is essential to understand the latest gambling regulations in Europe and comply accordingly.
Editor’s Tip
Choose sportsbook platforms with the latest market coverage, live match tracking, and leaderboards for the best insights and a memorable betting experience.
Cagla Taskin
Editor on
Conclusion
With our guide, choosing the right sports betting software provider should be an easier feat, allowing you more time to focus on the important, more creative aspects to designing and launching your new sportsbook platform. Operators with clearly defined business goals can leverage custom software solutions to start iGaming businesses without worrying about developing the software or providing technical support. By comparing various providers, operators can find a company with quality products and services that best suit their needs. In preparing our blogs, articles, reviews, and other guides to keep players up-to-date on the latest trends in iGaming, Ace Alliance draws on its years of experience hosting and attending leading industry events around Europe. We’ve also created an informative podcast series, Ace Alliance Insights, where we bring experts’ voices to the forefront of discussion on engaging, dynamic topics revealing how online gambling spaces are evolving today.
FAQs About Sportsbook Software Providers
What Are Sportsbook Software Providers?
A sports betting software provider refers to a company that develops sportsbook software with all essential features and provides operators with the necessary technical support. You bring the provider your specifications and new brand ideas, and they’ll handle the technical facilitation aspects to your launch.
How to Find the Ideal Sportsbook Solutions for Your Needs?
Start by defining your business needs and comparing the different solutions available. Factors such as business requirements, budget, and target audience will influence your choice.
How Much Does Sports Betting Software Cost?
The price of sportsbook software depends on the selected provider, though white label solutions tend to run cheaper. Other factors include the chosen solution, business goals, customisation options, and licensing structure.
How Quickly Can Sportsbook Software Solutions Be Brought to Market?
The speed at which an operator can launch a sportsbook is determined by the selected solution. You can launch a white label betting platform in a few weeks, but more customised solutions can take months.
How is AI Integrated into Modern Sportsbook Software Solutions?
Modern sportsbook software providers use AI tools to automate tasks, customise platforms, enhance user engagement, track user activity, improve live betting options, and detect fraud, among other features.
Do Bookmakers Use Algorithms to Set Fair Odds for Live Betting?
All pre-game and live betting options offered by licensed bookmakers are fair. Bookmakers use certified mathematical models, statistical analyses, and risk management tools to set fair odds.