Find the best white label web3 sportsbook suppliers in the industry!
If you are looking to start a web3 betting platform, then these providers can help you set up a turnkey crypto sportsbook quickly and efficiently.
White label web3 sportsbook providers
Choosing a white label web3 sportsbook provider is very important if you are starting a new project or platform.
Even though there are hundreds of white label sportsbook providers in the iGaming industry, there are only a handful of web3 sportsbook suppliers. This is due to the expertise in blockchain development required to successfully deliver a premium white label web3 sportsbook.
What is a white label web3 sportsbook provider?
A white label web3 sportsbook provider is a company that offers you a ready-made web3 sports betting site. This means that you do not need to do any of the development work to build the platform. Simply place your logo, colours, and branding on the web3 sportsbook to get it up and running.
Launching a white label web3 betting platform is a great way to bypass all the countless hours of work doing it yourself.
What are the benefits to using a white label web3 sportsbook provider?
There are a number of benefits to selecting a white label crypto sportsbook provider instead of building a platform yourself, including saving time, money, resources, and more!
✅ Saving Time
The biggest benefit to using a white label web3 sportsbook provider is that you can have a site up and running in as little as two weeks! Since the providers have done all the development work already, you do not have to build the entire platform from scratch.
Building a web3 sportsbook yourself will takes months to make commercial agreements with the sports data providers, build the UX/UI design, engineer a back office, add functions such as bonuses and marketing, and more.
With an established white label web3 betting platform, you receive all of this ready to go, saving you up to a year of work in launching in a very dynamic niche market.
✅ Saving Money
Web3 sportsbook development is a costly process. Not only do blockchain developers charge up to $150 USD per hour of work, you will also need front-end and back office data developers to complete a competitive platform.
On top of development, you will also have to enter into agreements with the data providers, which will require an up-front fee of up to $50,000 of guaranteed funds, plus a monthly minimum fee that can range from $10,000 to $30,000.
Choosing a white label web3 sportsbook supplier drastically reduces those costs. Since they have the development done and the contracts in place with the data providers, you don’t have to have the money to guarantee the contracts for your site.
✅ Save Resources
Many projects that are looking to launch a web3 sportsbook are startups with limited personnel and resources. If you have to add sportsbook developers on top of a management and marketing team, it can stretch your resources very thin.
Coupled with the fact that you may be launching your own cryptocurrency or ICO to fund the project, this allows you to focus all your development resources on those aspects of your project.
Making the decision to go with a white label web3 sports betting provider takes a lot of weight off your shoulders from having to hire blockchain engineers and developers, giving you more time to focus on marketing and growth.
✅ Trust and Professionalism
Any crypto sports bettors want to place their wagers with a web3 sportsbook that is stable, trustworthy, and professional.
Since the players are connecting their MetaMask or Trust Wallet directly to the platform, it is crucial that you have something which looks, feels, and functions like a premium sportsbook.
Many projects that attempt to build their own platform from scratch will have some growing pains. From wallet connectivity to bet data disconnection, there are many comment issues that can arise on a new betting platform.
Working with a white label web3 sports betting provider instantly guarantees the trust and stability will be there for an unmatched player experience, sure to lay the foundation for your success.
What is included in a white label web3 sportsbook?
There are numerous features that come standard in a white label crypto betting solution.
Before you select a provider, you should make sure that their offering includes everything listed before, and then some more:
👉 A full selection of sports to bet on that go beyond just the main sports such as football, basketball, tennis, etc. You want to ensure that your players have at least 20 sports available in the web3 sportsbook that are popular around the world, such as cricket, Aussie rules football, rugby, water polo, and more.
👉 Various betting markets which can include player performance props, microbetting markets, quarter/half betting, and anything else that can help you set your site apart from the competition.
👉 Live betting is essential for all white label web3 sportsbook offerings. Not only should you have live betting available for at least 5,000 matches per month, but the platform should include a wide range of in-play betting markets.
👉 Managed Trading is an important part of the platform. This means that you are not responsible for the trading and liability management of the sports bets on the platform. Most white label web3 sports betting providers will use managed trading services from the odds data provider.
👉 eSports crypto betting because eSports is rapidly growing, especially in the world of blockchain betting. Since those interested in web3 and blockchain tend to be fans of gaming, there is major crossover appeal to include eSports in your white label web3 sportsbook offering.
👉 Web3 Wallet Connectivity which allows players to connect MetaMask or Trust Wallet to access the site. This is the fundamental element of a web3 betting platform, so make sure that they not only offer it, but their engineers are capable of setting it up properly.
👉 Many cryptocurrencies to bet with will help you gain traction, rather than having a small amount. Not only does it accommodate more players, but you can also use the communities of a given cryptocurrency to help market your platform when you accept their token.
