Data from Statista shows that the sports betting industry has a global market worth $210.85 billion, and this number just keeps growing. Why? Ever since betting went digital, it has become accessible to more people across the world, allowing users to bet from their phones or PCs. If you like to bet on sports, it is crucial to your financial health and sanity that you find a good betting platform. But what makes one betting website stand out from another? Here are 12 features that make a great betting platform:
1. Payment Provider
In the betting world, betting gateways are how betters place bets on games and cash out their winnings. A good sports betting platform should be supported by a reliable provider that can handle the high volume turnover, and heavy website traffic. It should also be safe from the risk of money laundering and fraud. Essentially, the payment provider should offer:
● Several Payment Methods: Although most people prefer to use traditional payment methods, others lean more toward digital currencies like Bitcoin, bank transfers, and account deposits. A good betting platform should give you the opportunity to pay in several currencies.
● Reasonable Fees and Fast Transfers: Nobody wants to process a payment for three days only to have it significantly reduced by high fees. The best betting websites charge low processing fees and allow you to cash out your payments fast.
● Security: Whatever payment options a betting website provides should be safe from fraud and money laundering risks, so your money is always safe.
2. Seamless User Interface
The user interface is the main feature of any betting website. Consequently, it should be as fast and easy to use as possible. This is achieved, one, when the website owner sets up the payment system so that betters do not have to submit their payment details every time they place a bet. A good website should be able to ‘remember’ your information. Two, the platform should offer a wide range of opportunities and bets to have fun and win money.
If you are new to the game, you will appreciate a platform with enabled public betting, which allows you to view and join popular trends. Platforms like Betway download are also great because they give you a sneak peek of the amount of money you could win if your bet proves to be a winner.
3. Security
Betters release a lot of sensitive information to betting websites, such as their bank details, addresses, and names. As such, it is vital that the betting platform you use be able to take the necessary precautions and safeguard your details. A platform that is regularly plagued with bugs and glitches might not be suitable for you. Pick instead a betting website like Betway that adheres to security regulations, protects your privacy and information, and safeguards your money.
Overall, a good sports betting platform is one that frequently performs remote data and information backups and uses 128-bit encryption. With such measures in place, you should be able to recover important data in case anything happens to the system.
4. Online Streaming
Some betting platforms go the extra mile and allow you to watch games directly from their website. Think of them as a one-stop-shop where you can enjoy your daily games while placing your bets. Over time, you save a lot of time and resources because you eliminate the back and forth between your phone or laptop and your TV.
5. Sports News
If you are an avid sports fan and better, you know how important real-time sports news is to your betting decisions. You need to stay up to date on the latest events so that you have all the information you need to place a promising bet. A great sports betting platform should provide bettors with sports news directly from the website so you can get updated scores without leaving the platform.
6. Cryptocurrency Support
Cryptocurrency is becoming more and more popular in the common market. Did you know that some stores now accept digital currency? If a betting platform wishes to stay ahead of the game, it should allow betters to put up cryptocurrency as collateral. It should accept payment in the form of major cryptocurrencies like Bitcoin, Ripple, Ethereum, Dodgecoin, or Litecoin.
7. Community
A community feature allows bettors to watch games and bet as they discuss, comment, and share reviews with like-minded people. A strong community of sports and betting lovers can make betting all the more fun and engaging and allow you to make more informed wagers.
8. Social Sharing
Social sharing is somewhat similar to community, but this function allows you to share game updates and betting achievements on your favorite social media networks. The modules allow you to post information directly from the website, making for an excellent experience for you and raising brand awareness for your favorite betting platform.
9. Betting Statistics and Analytics
Betting analytics and statistics are crucial to any betting platform worth its salt. These details allow you to gain insight, find patterns, and come up with effective betting strategies. How does a betting website facilitate this? By providing you with match histories, a complete list of all your bets, and regularly updated information about current games.
10. Custom User Profiles
Seasoned sports betting platforms like Betway allow you to customize your user profile. This functionality allows you to keep track of all the updates and key activities related to your favorite events.
11. Dedicated Server
As a betting website grows, its number of users is bound to grow larger and larger. Good betting platforms understand they need to maintain stable performance and mitigate the risk of lags or glitches. They do this by using a scalable server that can handle large data volumes.
12. Real-Time Settlement
Lastly, the ideal betting platform will offer real-time settlements. If you do not like to sit around waiting for a money transfer – and nobody does – this feature is for you. It allows you to transfer funds in real-time.
Conclusion
Essentially, the features of a sports betting platform can be divided into those that serve the website owner and those that help the better. As an end-user, you want a platform that allows you to watch games online, keep updated on the latest sports news, get tips and statistics, place bets fast, and share the experience with other bettors.
