With its interactive gameplay and unimaginable popularity, cricket dominance in IPL is undeniable. The game is one of the most popular games in the world. Its success is a gradual contribution of a varied range of factors, including branding collaborations, the rising craze of cricket, money, fame, and multiple sources to generate money. Millions of people today, if we look around, are attracted to cricket, and the major factor behind this IPL.
Cricket IPL betting is also increasing at an alarming rate with the advent of technology and online gaming platforms. Building a betting platform is the most amazing idea for bringing both IPL cricket players and the community of gamblers. IPL software allows users to track and monitor the performance of cricket players most efficiently and effortlessly.
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In this blog, we will mention all the aspects of IPL live software that you must be aware of if you want to launch your own cricket business in the market.
Table of Contents
IPL live software is like a platform that can help you make money from a lot of sources like brand collaboration, in-app purchases, subscriptions, entry fees, etc. The platform has something to offer everyone. Sportsbook is a tool to manage all the users, whether it is gamblers or punters. For users, it is a platform by which they can successfully place their bets which quickly monitors the updates and scores from the dashboard and scoreboard features respectively. In lamen words, we can say that IPL betting software lets you participate in the fantasy gaming world by providing you with access to the scoreboard of the live matches, track the swings, and shots, play and manage the events, locate the various stadiums, etc.
The platform also provides a guide for bookmakers to effectively and professionally manage all gamblers and punters most systematically and economically. Bookies can manage their clients using payment management, live tracking of the scores, placed bets, and matches played. While betters can also look into the needful and crucial information like real-time stats, and scores required to make wise and profitable bets.
According to the report by Statista, the global sports betting market is measured at more than $85 billion, which is projected to reach a value of $92.9 billion by the end of the year 2023. During special events like cricket tournaments and renowned events like IPL.
Moreover, as per market research, in the year 2021, the local sports betting market was valued at over $1.2 billion and the major contribution of the same was from cricket bettors. The IPL is also celebrated and appreciated in other countries as well, including, the UK, USA, Canada, and many other Asian countries. Currently, the women’s IPL is also entering cricket as an addition to innovation and developments.
Now that you learned why IPL cricket is famous worldwide, it is time to explore some of the crucial factors that affect the main objective, i.e., IPL Cricket software development. It is a process that requires a lot of planning, market research, and expert guidance that can not be possible without an IPL software developer. Through IPL live software, you can tap a global audience of gamblers and punters, while generating a high level of ROI and next-generate profit margins.
If you develop IPL cricket software, you will be able to provide your users with real-time and upgraded match information in the most authentic way possible. The development of IPL software is a win-win situation for you because of multiple reasons. The major advantages include cross-platform compatibility, high reach, next-level ROI, and multiple monetization sources including brand collabs, in-app purchases, different types of subscriptions, participation fees, etc.
If you are interested in an IPL betting app for your business, here is an in-depth guide for you!
Read More: IPL Betting App Development Cost & Features- BR Softech
IPL auction software is a platform that allows users to place, track, and manage their bets on the matches played by cricketers. If you are planning to launch your own betting software, here is the list of features that you must integrate to stay ahead of the curve.
Users appreciate the quick and uninterrupted registration process that does not include hassle and lengthy fill-in-the-blanks. The first and foremost thing that you must integrate into your IPl khela software is the fast login or signup process. This will help users to fill up their details in just a few clicks. The major information required for the sign-up is an email address, social media handles, OTP, and your name.
Players need real-time stats and scores to make wise betting decisions. In light of this, it is equally important for you to integrate this feature in your IPL live software, helping users track and monitor the performance and highlights of their team. This will help them strategize their next moves to enhance their gameplay experience.
The best thing about IPL Auction software is that it comes with a betting guide that can be efficiently optimized well to place bets, track scores, and claim rewards. IPL live streaming software for PC comes with interactive features and a user-friendly interface that attracts and retains the global community of gamblers and gamers.
IPL team combination software provides the full information of players, including total scores, innings played, achievements, highest scores, highlights, etc. The platform showcases the stake details and scores to place bets.
IPL is a series of matches that are played between different teams. So the IPL match software should have this feature that keeps players updated and upgraded about the schedule of matches. This will help them place bets systematically and more accurately.
IPL cricket software should provide users with multiple betting options based on the risk, number of players, duration, etc. Some of the prominent betting models are Singles, doubles, treble, Yankee, Tricast, Patent, Each Way, head to head, etc.
Payment methods that are lengthy and time-consuming are the interest breakers of the players when it comes to any gaming software or app. The best thing about our IPL software is that integrates seamless and fast payment methods that provide safe transactions to users.
The platform should incorporate multiple currencies to help players from across the globe make payments and withdrawals in the currency of their choice. This feature is important if you want to increase your reach and target a global audience of gamblers and punters.
Our Cricket software developers tend to integrate multi-lingual support features to help global people understand the features and functionalities of the platform in their own native language.
An ideal IPL live software informs users about live score updates, future predictions, highlights of the match, etc. Even after the match is over, the users should get access to the summary report in the form of video or bullet points.
If you want to know what IPL live streaming is, here is the guide for you!
Read More: IPL Live Streaming Cricket : A Complete Guide Here
It is extremely difficult to define the cost of your IPL software until and unless we don’t know your project details and specifications. There are different factors affecting the cost of IPL software, some of the major factors are features, graphics, testing, and marketing of the platform. On average, the cost to develop IPL software ranges from $30,000 to $40,o00. However, the cost we have mentioned is not definite or fixed, hence it may shoot up to $50,000 and more depending on the type of features, and specifications you are looking for.
Factors Affecting the Cost of IPL Software
Here is the table showcasing the cost of different development phases:
| Development Process | Cost |
| UX/UI Design | $3,000-$4,000 |
| Native Platform Development | $10,000-$20,000 |
| Backend Development | $4,000-$6,000 |
| Admin Panel for Web Development | $4,500 |
| Testing & Q/A | $5,000-$8,000 |
| Project Management | $3,500-5000 |
| Final Cost | $30,000-$55,000 |
If you are fascinated to know how sports betting booming in the IPL season 2023, here is the guide for you!
