How to Develop a Sports Betting App Like Stake

August 8, 2025

The world of online gaming is evolving, and a sports betting app like Stake is transforming the way fans engage with their favorite sports. If you are an enthusiast looking to start an online business, investing in developing apps like this can be highly profitable.

Want to know why? This is because the gambling industry is experiencing a surge in growth in 2025, and with millions of platforms emerging, people are increasingly seeking more reliable and trustworthy options like Stake. Thus, this growing adoption isn’t just a passing trend, but it is shaping a long-term profitable market where well-developed betting platforms consistently see higher retention rates and conversions.

So, want to invest in a betting app inspired by Stake? Keep reading this blog! We will walk you through a complete business-focused guide on developing a sports betting app like Stake.

Market Overview of Sports Betting App like Stake

A sports betting app, such as Stake, allows users to place bets on matches and sports events with live odds and fast payouts. These platforms pair secure payments, user accounts, and real-time odds for a smooth bet placement journey. Stake-style apps attract diverse audiences through social features, rewards, and simple flows. Regulators and payment partners shape how platforms operate across regions, markets, and legal frameworks today. For investors, this market offers strong user growth and predictable transaction volumes that support viable revenue models.

Business Perspective: Market & Opportunity

• Market scale and growth potential: The global sports betting market shows strong year-on-year growth and high transaction frequency, which attracts investors seeking scalable platforms with steady user activity and revenue streams.

• User engagement & retention: High user engagement on live events drives repeat activity and long sessions, which increase lifetime value and support stable long-term revenue for platform owners globally.

• Revenue diversification: Platforms earn via commissions, transaction fees, subscription plans, and promotional partnerships, which reduce dependence on a single income source and improve financial resilience over time.

• Technical scalability requirement: Investors should plan for a scalable architecture that handles high traffic, peak bets, and fast updates while services remain reliable across large user bases without delay.

• Partnership and licensing opportunities: Partnerships with payment providers, data vendors, and sports rights holders open new revenue streams and improve user trust through licensed content and smooth transactions daily.
• White-label and regional rollouts: White-label solutions let operators launch quickly under local brands, cut time to market, and lower initial build costs for regional operators and franchisees, rapidly today.

• Data and analytics value: Aggregated user data and bet patterns guide product choices, odds strategies, and retention plans, which offer operators actionable insight for smart growth decisions over time.

Steps To Develop a Sports Betting App Like Stake

Developing a sports betting platform demands careful decisions and strict compliance at every stage. A Sports Betting App Like Stake must meet legal standards, payment reliability, and strong user trust. Small errors can cause major setbacks or legal exposure.

Therefore, entrepreneurs must plan each development phase with professional input and a clear understanding before they invest any amount. Here we have outlined some steps to develop a Sports Betting App Like Stake:

Market Research & Analysis

Before you begin with any investment, make sure you conduct focused market research to find player habits, preferred sports, and regional demand patterns. Analyze competitors for feature gaps and pricing models that win users. Use these insights to shape your product scope and revenue assumptions. A clear market view reduces launch risk and helps set realistic growth targets for the first year.

Legal Compliance & Licensing

Check local rules for betting, payments, and age verification in every target region. Choose the correct license types and prepare the required documents for approval. Plan legal budgets and set aside reserves for compliance-related delays or changes. Working with local counsel helps avoid fines, service blocks, or sudden market exits.

Business Model & Monetization Plan

Decide on revenue sources such as commission on bets, margin on odds, subscription access, and premium features. Model cash flow and expected transaction volumes for conservative and optimistic cases. Define fee structures that balance user appeal and platform income. A practical monetization plan guides pricing and product priorities from day one.

Feature Integration & Product Scope

List core features: user accounts, bet placement, live odds, match feeds, and withdrawals. Prioritize features for an initial release to keep development focused and timelines realistic. Add social features and promotions in phased releases based on user feedback. A clear product scope prevents scope creep and supports steady platform evolution.

Platform Selection & System Architecture

Select platform targets, Android, iOS, and web, based on user research and launch budget. Design a modular architecture that supports fast updates and region-specific rules. Plan database, cache, and API layers to handle peak loads during major sports events. Scalable architecture protects performance during sudden traffic surges.

UI/UX Design for Trust & Ease

Visuals attract users fast; therefore, design interfaces that present odds, bet slips, and balance clearly and simply for quick decisions. Integrate clear navigation in your app for better understanding for confused users. Include transparent fee displays and simple withdrawal flows to build trust. Good design reduces support needs and increases conversion rates.

Testing & Performance Validation

Once you have developed the app, don’t launch it at the same time. Wait and run comprehensive tests to check the app’s performance as per users’ demand, like bet accuracy, load capacity, failover behavior, and payment reliability, before launch. Simulate peak-event traffic and check settlement correctness under stress. Fix errors and validate system recovery steps after failures. Thorough testing reduces downtime and protects reputation during major sports events.

Soft Launch & Operational Readiness

Launch the app in select regions with controlled user groups to validate operations and support workflows. Train operations staff for KYC, dispute handling, and payout processes. Use early feedback to tune product features, odds margins, and support scripts. A careful soft launch prevents costly issues at scale.

Ongoing Maintenance

After launching, keep a close watch on how the platform runs, what users are saying, and any signs of fraud. Release regular updates to add more betting options, improve odds, and make the app faster. Ongoing improvements keep players interested, earn their trust, and help your sports betting app grow steadily in a busy market.

Cost To Develop a Sports Betting Platform like Stake

If you are investing in the development of a sports betting app like Stake, then remember you will need a well-planned vision strategy and budget. Doing so will help you understand the investments in advance, with a proper strategy for how you want the app to be. There is no exact amount to evaluate development cost in advance, but it typically ranges from $25,000- $280,000, depending on your business goals and scale.

The overall cost can vary depending on features, platforms, design complexity, and developer expertise. Businesses should also consider post-launch expenses such as updates, marketing, and customer support to keep the platform competitive in the growing online gambling market.

Main Factors That Influence the Cost

• Platform Choice – Costs change depending on whether the app runs on Android, iOS, web browsers, tablets, or smartwatches.
• Feature Integration – Live betting, payment options, multi-language support, and advanced security raise development and testing expenses.
• Design and UI/UX – A visually appealing, simple-to-navigate interface increases design efforts and overall cost.
• Development Team Location – Hiring experts from different regions impacts hourly rates and total project cost.
• Post-Launch Support – Regular updates, maintenance, and customer service are essential for retaining active users.

Conclusion

There is no doubt that the gambling industry has witnessed huge profits due to the presence of sports betting apps like Stake. Entrepreneurs considering investing in this business will likely grow it into a solid market presence. But remember, success depends on building a platform that is reliable, visually appealing, and user-friendly. Choosing a trusted development partner can also be beneficial in this situation.

This is where RichestSoft steps in as your trusted development partner. With 15+ years of experience in custom app development, RichestSoft delivers tailored casino and sports betting platforms designed to meet your business goals. From concept to launch and beyond, we make sure to build a perfect development strategy that aligns with your vision. Start your journey today with RichestSoft and enter the thriving world of online sports betting with confidence.