Sports Betting Platform Development Guide

Introduction

• Presenter: Denis Babich, Director of a software development company.
• Objective: Provide a step-by-step guide on building a sports betting website or mobile app.
• Topics covered: Testing ideas, competition analysis, team hiring, cost-saving strategies.

Utilizing AI in Betting Platforms

• Importance of AI tools like ChatGPT and LanqChain.
• LanqChain Overview:
  • Open-source framework for integrating AI models with external data.
  • Enables AI to access vast databases for actionable insights.
  • Enhances decision-making in betting by analyzing game statistics and player performance.

Core Components of Your Betting Platform

• Essential features for a betting platform:
  • Web and mobile apps for users.
  • Admin control panel for management.
  • Anti-fraud system:
    • KYC (Know Your Customer) for user verification.
    • AI algorithms for user behavior monitoring.
  • User functionalities:
    • Login, live betting, payment processing, account settings, promotions, etc.

Building your MVP (Minimum Viable Product)

• Importance of creating an MVP:
  • Focus on essential features, save costs, and streamline development.
  • Gather user base to attract investors, potentially increasing valuation.
• MVP Guidelines:
  • Prioritize essential features and consider outsourcing to reduce costs.
  • Evaluate the necessity of functionalities like live streaming and crypto payments.

Pricing and Development Costs

• Factors influencing software pricing:
  • Quality assurance, bug fixing, project management, maintenance, and risk evaluation.
• Costs range for a basic MVP: $100,000 to $250,000.
• Outsourcing Benefits:
  • Hiring Ukrainian developers as a cost-effective solution.
  • Strong math background, innovative thinking, and good English skills.

Methodologies for Feature Prioritization

• Lean Canvas Method:
  • Quick business plan format that highlights user pain points and competitor analysis.
  • Identify your unique advantages and target early adopters for feedback.
• Develop income strategies:
  • Betting margins, affiliate programs, advertisements, etc.
  • Share value that surpasses competitors' offerings.

Achieving Product-Market Fit

• Importance of addressing user pains and gains:
  • Identify issues such as financial barriers, geographical limitations, and deposit problems.
  • Provide solutions like bonuses, VPNs, and deposit banking options.
• Focus on a specific niche instead of competing with all market leaders.

Competitor Research and Feature Prioritization

• Conduct thorough research on industry giants and innovative startups.
• Feature prioritization:
  • Classify features into must-have, should-have, could-have, and won't-have.
  • Use StoryMaps for detailed user requirement mapping.

Marketing Strategies

• Importance of memorable branding and unique marketing approaches.
• Utilize various promotion methods:
  • Ads, affiliate marketing, and creative content.

Wireframing and UI Design

• Create wireframes to visualize user interactions and identify potential gaps.
• Design UI for ease of use:
  • Modern yet intuitive design that minimizes clicks.

Tech Stack Selection

• Choose appropriate technologies for mobile and backend development:
  • Recommended tech stack include:
    • Mobile: React Native, Flutter.
    • Backend: Python, Django, Node.js, C++, Golang.
    • Cloud: AWS, Docker, Kubernetes.
• Integration with third-party services for payments and notifications.

Agile Development Process

• Importance of Agile methodology in development:
  • Can speed up the process but may slow down in larger teams without proper management.
• Recommended Practices:
  • Employ project management tools like Jira and conduct daily stand-ups.

Data Analytics

• Use tools like Google Analytics and Firebase for user behavior tracking.
• Focus on continuous improvements based on user feedback.

Conclusion

• Call to action for further assistance and consultation.
• Message Denis Babich for more insights and guidance.