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The online betting sector has been competitive than ever before. The technology gap between big and small players in the industry has given rise to betting solutions that can bridge the technology gap.
That’s where white-label sportsbooks enter. This allows iGaming operators to focus on marketing and financing while keeping the technical complexities with the white-label sportsbook provider. This blog explores the concept of white-label solutions, what they are and how they work, their features, advantages, and disadvantages. A comprehensive guide for anyone looking to enter in sports betting business or if you are looking for a quick way to gain players’ attention.
What is White-Label Sportsbook Solution?
A white-label sportsbook software is a pre-built sportsbook solution designed for sports betting operators looking for a ready-made sportsbook.
A white-label sportsbook provider works on a software as a service (SaaS) model and builds these solutions, which are ready to be launched in the market. They then offer it to multiple operators to be rebranded as their own. These solutions come with all the features of a sportsbook, such as odds management, reporting tools, and access to different betting markets. This is a perfect solution for startup businesses or if you are looking to prevent the expenses of a custom sportsbook.
Different Types of Solutions Offered by White-Label Sportsbook Provider
White-label sportsbook solutions can be offered in many different ways depending on the demand and requirements of the betting business. Let’s discuss these types of solutions.
Fully-Handled White-label Sportsbook
As the name suggests, this is fully managed by the sportsbook provider, who has full control over the operational tasks. You can focus more on the marketing and growth of your betting business.
The provider has control over the odds management, customer service, and daily activities on the sportsbook. A fully-handled white-label solution is best suited if you are new to the betting industry or if you want to dedicate your focus on marketing, branding, and building relationships with customers.
Customizable White-Label Sportsbook Solution
Many white-label sportsbook providers offer some limited options for customization in the solution before handing it over to the betting operator. This gives you more control over the sportsbook software by customizing the features.
You can modify different features, including payment systems, user interface, designs, or any new feature to be added. The core mechanism remains the same, but you may make changes to the elements that are on the design or feature part. This white-label solution is best suited to betting providers who have some technical expertise for customization. The sportsbook provider will guide you through the process.
API-Based White-Label Sportsbook Solution
White-label sportsbook provider also offers an API-based sportsbook that gives them direct control over the software while using the core betting engine of the provider.
You can design different features and also add them according to your choice. You can even design a new front-end experience for your players. This requires more knowledge in the technical area and is ideal for pre-existing operators.
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Top 4 Benefits of White-Label Sportsbook Software
Launching a sportsbook solution can be a daunting task. However, with a white-label sportsbook provider, you can benefit in many ways. Let’s explore the benefits.
Faster Way to Enter Betting Market
With a white-label sportsbook, there is no downtime, and one can enter the market quickly. This is a perfect choice for startups or small businesses looking to grow their business in the betting industry.
Instead of wasting years on building the platform from scratch, one can directly enter the sports betting market with this solution. This buys you more time on other important tasks like marketing and sales.
Cost-Effective Measure
White-label sportsbook providers are a great choice for betting operators who are looking to cut down development costs. White-label is a better choice and a better cost-effective alternative as it cuts down the development costs by a great margin.
Option to Customize
No matter how fast you want to launch your sports betting platform, customizing it for your business allows you to create a unique brand identity.
With white-label solutions, you will get the option to customize the platform on different levels, like CMS, designs, or the thumbnails on the website. This will allow you to customize your betting platform without having to waste time on development.
Use of Advanced Technology
White-label sportsbook software builds on advanced technologies with all the latest features without the need to develop it in-house.
You will benefit from continuous updates and feature improvements, keeping your platform updated. This includes integrations of features like advanced analytics, odds management, live betting, and more.
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Top 6 Must-have features in White-Label Sportsbook Software
Top sports betting operators offer betting platforms that are able to drive player engagement with superb features. The features separate them from other players in the betting industry. Here’s how one can stand out by adding these must-have features to your platform.
Scalable and Flexible
When choosing a white-label sportsbook solution, consider the platform's flexibility and scalability.
Scalability is to see if your software can adapt to growth easily and can avoid any downtime. For instance, if currently you have 1000 players and with time you gain 100000 players, the platform should be able to manage that number of players swiftly without crashing or slowing down.
Flexibility is equally important as it allows the platform to be flexible to change or update. Keeping both of them as a priority is vital.
Robust Back Office and User Interface
Robust back office and a user-friendly interface are the two most vital features for any sportsbook. A tool-heavy back office is an important feature that one should always look for in a white-label solution. Look for all the basic and advanced tools for management which is required in the back office. It includes:
- Robust risk management tool
- player management
- Live reporting and analytics
- Instant notifications
- Odds management and more
Customizations Options
Customization is what turns a generic sportsbook into a unique one that stands out from your competitors. It is not only designing the logo or customizing the music, it's about an overall unique experience that resonates with your brand.
You can start with the basic customization, such as colors, logo, design, and UI/UX. Then, try customizing the sportsbook software more and look for customization such as:
- Registration process
- Mobile optimization is a must
- Payment gateways
- Promotional and bonus tools
- Different types of bets and odds formats
- Customization in language
Access to Different Betting Markets
A sportsbook is about betting on different sports and in different betting markets. Your sportsbook solution needs to be connected to different betting markets to provide variety to players and offer every game to every player.
Look for a comprehensive betting market solution for your sportsbook. Make sure to offer a wide range of in-play betting for different live markets.
Secure Payment Gateways
When working with a reliable white-label sportsbook provider, make sure to set up an efficient payment gateway system. It is not only providing security to users but also building trust of keeping their information private.
Setting up a secure and reliable payment system is equally important for running a smooth operation on your sportsbook solution. As it handles the payment and withdrawals of your players’ money, it should be secure and provide a seamless experience. You should be able to provide different payment methods such as:
- Credit and debit cards
- Net banking or bank transfers
- E-walllets
- Cryptocurrency
Real-Time Odds and Updates
Real-time upgradation of odds is the main function of modern sports betting software. They keep the betting game interesting, engaging, and exciting for players. It ensures the sports betting odds are recent, true, and competitive.
Your white-label sportsbook provider should be able to provide information as early as possible to have a positive impact on the decision-making. Bettors should be allowed to choose the type of odds they want to view (decimal, fraction, or American odds).
Latest Innovations in White-Label Sportsbook Software
Modern white-label sportsbook solutions have evolved a lot in terms of the technology used. Let’s explore the key innovations that make white-label solutions a more preferred choice for any sports betting company.
AI-Driven Risk and Odds Management
Modern sportsbooks use AI to manage the odds and provide live updates of odds. It also analyzes the risk in advance and offers risk management services.
Use of Crypto and Blockchain Technologies
The sportsbook solution is run by blockchain technology, which makes it error-free and enables faster payments through cryptocurrency.
Personalization of Sportsbook Software
Every sports betting game is personalized based on players’ preferences, which provides a personalized version of the game. It allows sports betting providers to use personalization strategies to offer a more fulfilling experience to players.
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How GammaStack Can Help You as a White-Label Sportsbook Provider?
Host your online white-label sportsbook solution with GammaStack to quickly get started in the betting market. With 14+ years of experience in creating all types of sportsbook solutions, we offer start-to-finish solutions. With our white-label solution, get unique UI/UX, designs and seamless integration all in one place. Additionally, get multiple benefits such as no/low GGR share, risk management, and after-sales services.
You can easily enter the sports betting industry and gain market access with our white-label sportsbook software that comes with many customization options. Start your sports betting journey with GammaStack, which is fully compliant with all laws and regulations.
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Frequently Asked Questions
A white-label sportsbook software is ready-to-launch betting software that allows you to launch your branded sportsbook. It offers a quick market entry with most of the infrastructure, such as backbone infrastructure, back office support, software, payment gateways, and licensing.
GammaStack provides a white-label sportsbook solution designed to quickly enter the betting market with fewer customization options. Contact us for more information.
You can opt from many available options, including credit/debit cards, net banking, e-wallets, or cryptocurrency.
You can place multiple bets on multiple games. There is no guarantee of winning a bet on sports, but choosing the right strategy could maximize your chances of winning.
Yes, GammaStack can help you in creating your white-label sportsbook solution with access to customize the designs as per your choice. Contact us today to discuss your requirements in detail.
