Modern technologies revolutionised betting and boosted the industry's reputation, attracting more and more engaged gamblers monthly. Online sports betting is now accessible to practically anyone and anywhere. Players can place bets from their PC, laptop, or any iOS and Android mobile device. An intuitive website with a simple but eye-catching design is at least 50% of any sportsbook’s general success.
Creating and running a sportsbook website is not the easiest task – there are a lot of things to consider when it comes to design choices alone. Proper planning and taking things one step at a time is crucial for success. In this article, we'll explain how you can make your sportsbook business thrive by creating a betting website that will attract visitors and retain existing players.
Finding Your Sports Betting Niche
What is the most profitable sports betting niche? This is a difficult question to answer because every gambler has their preferences.
If you've decided to become a bookie and are wondering how to start a sports betting website from scratch, the first step is to narrow down your focus by selecting the sports you want to include on your website and the types of bets people will be able to place. Choosing only a few most popular sports would be beneficial at first, especially if your budget is somewhat restricted.
By focusing on at least five popular sports, you will undoubtedly draw a large enough audience of active gamblers who will be willing to place bets on your website. Here is a list of the sports that people tend to bet on more often and that you might want to think about including.
Football
Football is, without a doubt, the most played and viewed sport in the world. It is also one of the most profitable sports to bet on for multiple reasons.
- There are big football events like the UEFA Championships and the FIFA World Cup tournaments happening every year, not to mention hundreds of national cups and youth qualification matches all year round. More events equal more bets.
- Famous football teams usually have a huge following. Fans are invested in analysing their favourite team’s performance and placing bets accordingly.
- Sportsbook websites tend to give a lot of betting options when it comes to football. Apart from predicting the full-time result, it is also possible to bet on other aspects of the game, like:
- half-time result
- amount of goals in total
- corners
- goal lines, etc.
Basketball
Basketball is another extremely profitable sport to bet on. Just like football, certain basketball events like the NBA league games get a large following, especially in North America. This is why most sportsbook websites make sure to incorporate betting on a variety of basketball games and tournaments.
There are three most popular types of wagers in basketball that you can include on your betting website:
- Money line (the most basic match outcome prediction – who will win the game)
- Point betting (predicting the total amount of points earned by one or both teams)
- Point spread (the difference in earned points between two teams)
Tennis
Tennis is another major sport for wagering, which is not surprising given the number of tennis events held each year. In 2022, the International Tennis Federation held exactly 1,054 tournaments with over 90 thousand individual matches. With such a schedule, there is always something to bet on in tennis.
How to Create Your Own Betting Website | SOFTSWISS- Outright betting – predicting the winner of the match
- Point betting – predicting the number of points a single player/team will acquire during the match
- Games/sets betting – predicting the number of sets or games in one match
Esports
The rise of esports popularity in recent years created a whole new and rather large betting niche. Esports tournaments like ESL ONE, League of Legends Championship Series, and the International championship are now more popular than ever. The niche is so profitable that certain websites specifically focus on esports betting.
One of the most appealing aspects of esports is the variety of game options available. Currently, 126 games are played in different esports tournaments, with Counter-Strike: Global Offensive being the most famous one.
The most common types of bets in esports depend on the type of game, but can generally include match line bets (predicting the winner), top player bets, and over/under bets.
How to Create Your Own Betting Website | SOFTSWISSObtaining a Licence
Just like any online gambling business, a sports betting website needs to have a licence to be officially authorised. You must obtain a licence from the Gambling Commission or another relevant entity in your area of operation. Note, that this is a lengthy process. In general, the procedure of obtaining such a licence on your own might take a few months from the initial application.
Choose your jurisdiction carefully. There are two types of gambling licences:
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- International – Malta, Curacao, Kahnawake, etc.
These licences enable you to operate as an international gambling entity and target a large number of GEOs. - National – Countries like Sweden, Germany, and others.
National licences allow you to operate legally within specific countries. When deciding on a jurisdiction, consider the following:- Cost of obtaining a licence (may vary from a couple of thousand dollars to a six-figure number)
- Yearly fees and/or taxes
- Term of duration
- International – Malta, Curacao, Kahnawake, etc.
Sportsbook Software Integration
If you're running an iGaming business and already have a gambling licence, adding advanced sportsbook software to your platform is a smart way to offer more to your players. This approach is particularly beneficial if you want to expand your iGaming offering without the hassle of obtaining a new licence.
In a nutshell, this kind of integration helps to enrich the player experience you provide, ensuring it also aligns with the evolving demands of the market. By adopting this advanced sportsbook solution, you can position yourself to offer a more engaging and comprehensive iGaming experience, meeting your players' expectations and keeping pace with the latest trends in the industry.