The notion of apps to earn money has become widely noticed over the last couple of years, and a well-established one among popular ones includes betting apps. Whether you are a professional bettor or simply intrigued by the prospect of making money through betting, a money-earning betting app can appear both interesting and exhilarating.
According to Legal Sports Report, the U.S. sports betting industry has now completed its seventh year of regulated operation outside Nevada, and the results are impressive. Operators have cumulatively tallied more than $40 billion in aggregate gross revenue, driven by a handle of nearly $500 billion.
New Jersey’s ascendancy was a turning point early on after the PASPA repeal, and the state continues to be a powerhouse in the industry, still outdistancing Nevada and other rivals.
As per the Gambling Industry News in 2022, the international casino and online gambling industry was worth around $249 billion. In 2023, the market rose to $540 billion, well above the previous high of $334 billion in 2013. In the future, estimates for 2024 indicate the market will be at $572.5 billion.
By 2029, the market is anticipated to expand to $754.78 billion, fueled by a compound annual growth rate (CAGR) of 5.1%.
Here in this blog, we will venture into the realm of money-earning betting apps, how they function, the optimal ways to be successful, what you need to be aware of, and ensure that you’re not just making money but doing so responsibly.
What is a Money Earning Betting App?
A money-making betting application is a mobile application through which users can bet on sports, events, or games and win real money. Such applications are created to provide users with a platform on which they can bet on different betting markets, such as sports like cricket, football, basketball, horse racing, and other virtual games. To understand the creation process, check our guide on How to Make a Sports Betting App to help you understand in a better way.
The reason why these applications are appealing is the fact that they allow users to win real money by forecasting outcomes and making intelligent betting decisions.
These apps generally have an easy-to-use interface and allow you to bet, view results, and withdraw winnings to your bank account or e-wallet. Nevertheless, as with any betting or gambling activity, there are risks involved, and it’s crucial to be cautious when using these apps.
Want to increase your earnings? Create your own Money-Earning Betting App equipped with the best UI and UX design from Fantasy App Developer.
How Do Money-Earning Betting Apps Work?
Money-earning betting applications operate on a simple concept that individuals make wagers on several events and, when they succeed, receive a return. This is a detailed description of how such applications work typically:
Registration: Before using a money-earning betting application, you have to open an account. This process mostly entails the input of personal information and validation of identity for security and regulatory purposes.
Deposit Funds: Once you have registered, you must deposit funds into your account via one of the payment methods supported by the app. Most betting apps support payments through credit cards, e-wallets such as PayPal, and even cryptocurrencies.
Placing bets: After your account has been funded, you can bet on any number of events. Such events may range from sporting activities to virtual events and even elections. You will have to select the event you wish to bet on and, depending on the odds given, your prospective winnings are estimated.
Monitoring Results: Once you have placed your wagers, you can monitor the results in real-time. Most applications give real-time updates, so you’re always up to date on how your wagers are doing.
If your wager is successful, then the winnings are added to your account. You can then withdraw these winnings, typically through bank transfers or e-wallets. Want to know about how betting apps work, check our guide to get a detailed knowledge.
Top 10 Money-Earning Betting Apps
A money-making betting application is a mobile application through which users can bet on sports, events, or games and win real money. Such applications are created to provide users with a platform on which they can bet on different betting markets, such as sports like cricket, football, basketball, horse racing, and other virtual games. To understand the creation process, check our guide on How to Make a Sports Betting App to help you understand in a better way.
The reason why these applications are appealing is the fact that they allow users to win real money by forecasting outcomes and making intelligent betting decisions.
These apps generally have an easy-to-use interface and allow you to bet, view results, and withdraw winnings to your bank account or e-wallet. Nevertheless, as with any betting or gambling activity, there are risks involved, and it’s crucial to be cautious when using these apps.
Top 10 Money-Earning Betting Apps
These are 10 of the leading money-making betting apps that are prominent online betting players. These apps make huge revenues through numerous forms of betting, ranging from sports to casino games and poker:
1. Bet365
Bet365 is a world leader in internet gambling, established in 2000 and based in the UK. It is among the most widely used and successful online betting sites globally, with a reputation for providing a wide variety of betting services covering sports, casino games, poker, and more. With an enormous presence in Europe, Asia, and Australia, Bet365 is available in more than 200 countries and provides one of the widest ranges of betting markets.
The site has a reputation for offering live streaming, in which customers can view live events in numerous sports, and in-play betting, with which users can wager on live matches. Bet365 offers numerous gambling opportunities, including a live casino, virtual sports, and poker, and is, therefore, a complete gambling app.
Revenue Model: Live streaming, sports betting, casino games, poker, and in-play betting.
Key Highlights:
Popular all over the world.
Emphasizes a broad range of gambling choices.
Renowned for its sports sponsorships of high-profile events.
2. DraftKings
DraftKings, which was launched in 2012, initially became popular as a daily fantasy sports (DFS) site but has since developed into a major player in the space of sports betting, online poker, and casino games. DraftKings is particularly dominant in the U.S., where it has ridden the recent state-level legalization of sports betting.
MLB, among other international sports such as soccer, golf, and so on. DraftKings also includes daily fantasy sports and casino games, presenting a diversified platform that appeals to a broad scope of users.
DraftKings has established agreements with large sports leagues, including the NFL, NBA, and NHL, which enable it to have a dominant brand presence and marketing avenues.
Revenue Model: Daily Fantasy Sports (DFS), Sports Betting, Casino Games, Online Poker
Key Highlights:
Leading player in the U.S. market.
Continuously expanding into new states where sports betting is legalized.
Aging agreements with top sports leagues such as the NFL and NBA.
3. FanDuel
FanDuel, established in 2009, is another industry-leading daily fantasy sports company, alongside DraftKings. It was also quick to move into sports betting and casino games after sports betting was legalized in the U.S. FanDuel enjoys a wide client base, especially in the U.S., and has taken advantage of the emerging market for gambling on sports.
The app includes a comprehensive list of sports betting markets, including prominent U.S. sports such as the NFL, NBA, and MLB. FanDuel also features DFS contests, online poker, and casino games, which it offers in addition to sports betting, hence making it a single-stop destination for every type of betting.
FanDuel stands out for its wide-ranging promotions and bonuses, which bring new users in and retain them. Moreover, the user interface is uncomplicated and simple, even for novices.
Revenue Model: Daily Fantasy Sports, Sports Betting, Casino Games, Online Poker.
Key Highlights:
Leading competitor to DraftKings in DFS and sports betting.
Very popular in U.S. states where sports betting has recently been legalized.
Reputed for hard-hitting marketing campaigns and promotions.
4. PokerStars
PokerStars, founded in 2001, is universally known as the world’s biggest online poker site. It initially dealt only with poker but later ventured into sports betting and casino games. PokerStars is renowned for its enormous poker tournaments that have thousands of players from across the world.
With a vast international following, PokerStars hosts some of the highest-stakes online poker tournaments, including the World Championship of Online Poker (WCOOP). The poker features on the app are detailed, from cash games and tournaments to sit-and-go games, with stakes ranging to accommodate all levels of players. The site also features casino games, such as slots, roulette, and blackjack, and a sportsbook.
Revenue Model: Online Poker, Casino Games, Sports Betting, Live Poker.
Key Highlights:
Market leader in online poker.
Strong presence in the international iGaming community.
Organizes large online poker tournaments, attracting millions of players.
5. 888Sport
888Sport belongs to 888 Holdings, a reputable gaming company that also operates 888Casino and 888Poker. One of the most prominent sportsbook apps, especially in Europe, 888Sport provides extensive coverage of betting markets, ranging from football and tennis to specialized sports such as snooker and eSports.
The app also offers a full casino section (through 888Casino) and poker (through 888Poker). 888Sport is run on a licensed and regulated basis, so users are safeguarded and offered fair odds. With its varied portfolio and solid European market presence, 888Sport is a popular platform for a broad spectrum of bettors.
Revenue Model: Sports Betting, Casino Games, Poker, Bingo.
Key Highlights:
Strong European and regulated market presence.
Diversified product portfolio, including poker, casino games, and sports betting.
6. William Hill
Established in 1934, William Hill is a very old and respected name within the world of betting. William Hill started as a UK high-street bookmaker and was able to successfully branch into the online world of betting. It provides sports betting, casino games, poker, and in-play betting over a wide range of sports.
William Hill is particularly well-rooted in the UK and is well-presented internationally. Its app features a simple, easy-to-use layout with live streaming and real-time updates. Although the brand is heavily rooted in the orthodox betting experience, William Hill has taken to the online market surprisingly well and features one of the most reliable platforms in use.
Revenue Model: Sports Betting, Casino Games, Poker, In-Play Betting.
Key Highlights:
One of the oldest and most established brands in gambling.
Large global presence, especially in the UK.
7. Unibet
Unibet is a global betting brand with a high level of demand in Europe, particularly in countries such as Sweden, Belgium, and the UK. Unibet has a diverse portfolio of sports betting, casino games, poker, and bingo. The site has a reputation for having an easy-to-use interface and numerous betting markets, including specialty sports such as eSports and virtual sports.
Unibet has been successful because it has varied products that can appeal to any kind of gambler. Its sportsbook is inclusive of popular and less popular sports events, and its casino and poker options have a wide variety of games to cater to different player interests.
Revenue Model: Sports Betting, Casino Games, Poker, Bingo.
Key Highlights:
Strong European presence.
Extensive betting markets and varied gaming options.
8. LeoVegas
LeoVegas, established in 2011, is a mobile-first gambling application with a renowned mobile experience. It’s especially popular in Scandinavian nations, but it’s available throughout Europe and the world. LeoVegas offers casino games, sports betting, and live dealer experiences.
The mobile app has an extremely optimized interface for use on mobile, and it provides an intuitive and fluid experience for gamers that retains the user’s attention. LeoVegas has become popular by providing large jackpots, slots, and live casino offerings such as roulette and blackjack.
Revenue Model: Casino Games, Sports Betting, Mobile Focus.
Key Highlights:
Mobile-first gambling approach.
Scandinavian and European popularity.
9. PointsBet
PointsBet is a fairly new but fast-growing sports betting mobile app in the U.S. that focuses on American sports such as the NFL, NBA, and MLB. The app stands out due to its PointsBetting feature, which enables bettors to win or lose depending on how much their bet moves in the direction they want, offering a high-risk, high-reward experience.
PointsBet’s mainstream sports betting opportunities are also extensive, including prominent U.S. sports and other global events. The clean user interface, U.S. sports emphasis, and distinctive betting structure of the app have been huge in legalized sports betting jurisdictions in the United States.
Revenue Model: Sports Betting, traditional Sports Betting.
Key Highlights:
Distinctive PointsBetting system.
Emphasis on U.S. sports, particularly popular leagues such as the NFL and NBA.
10. Betfair
Betfair, established in 2000, is the inventor of the betting exchange concept. In contrast to sportsbooks where users wager against the house, Betfair’s exchange enables users to wager against one another. This concept provides bettors with improved odds and greater freedom, but also demands more skill. Betfair also has a sportsbook, casino, and poker area, so it is a complete betting site.
Betfair’s betting exchange is particularly popular in Europe, Australia, and the UK. It is also famous for its live betting, which enables users to make bets during live events in real time.
Revenue Model: Betting exchange, sports wagering, casino gaming, poker.
Key Highlights:
Innovative betting exchange concept, in which users have the option of placing wagers among themselves.
Extensive portfolios across sports betting, poker, and casino gaming.
Well received in the UK, Australia, and internationally.
Top Betting Markets on Money-Making Apps
Among the popular features of money-earning betting apps is that they have multiple betting markets available. Some of the most in-demand ones include:
1. Sports Betting
Sports betting is the most prevalent type of betting on such apps. Football, cricket, tennis, and basketball are just some of the sports on which you can bet on games and matches, pre-game and in-play. Sports betting apps tend to offer good odds and a variety of bet types, including:
Match winner: Place a bet on the player or team that will emerge victorious in the match.
Over/Under bets: Place a bet on whether the aggregate score will be over or under a specific number.
Handicaps: Place a bet on the result of the game with a point or goal disadvantage or advantage.
Why Is the House Edge So Important?
Betting apps are counting on this built-in advantage to guarantee that, over thousands or even millions of wagers, they will win out. Without it, betting apps could not remain profitable in the long term.
2. Virtual Sports
Virtual sports betting enables you to bet on sporting events generated by computers. The events mimic real sporting events and are continuous, so there’s always a latest game or event to bet on. Virtual sports are a perfect choice for people who want to experience betting without waiting for actual sports to occur.
3. Casino Games
Some of the betting apps also offer casino-type games, including roulette, blackjack, poker, and slot machines. These games provide instant satisfaction, as you don’t need to wait for a sporting event to occur. Most betting apps have live dealers for an enhanced experience.
4. Esports
Esports gambling has become quite popular over the last few years. With esports, one can gamble on video game competitions such as League of Legends, Dota 2, and Counter-Strike. These are games with large fan bases, and the tournaments are broadcast live all over the world, thus making esports gambling a profitable venture for most.
To help you in guiding detailed insights on the working process of making money in the betting industry, check our guide on How Betting Apps Make Money.
Risks and Responsible Betting
Even though the idea of making money through betting apps is thrilling, one should note that there are risks in using betting apps. The odds tend to be against the user, and betting can also be addictive in some people’s lives. It’s essential to practice responsible betting to help guard both your wealth and your health.
Set Limits: The majority of money-making betting apps enable you to set deposit, bet, or loss limits. This should assist you in remaining in command and not spending more than you can afford to lose.
Avoid Chasing Losses: When you’re losing, don’t attempt to win your money back by placing bigger or more dangerous bets. This is a frequent error that can result in larger losses.
Seek Help if Necessary: If you believe that betting is harming your life, seek help. Many organizations offer support and resources for individuals with gambling addiction.
Tips to Succeed with a Money-Earning Betting App
Although the concept of earning money by betting is alluring, one should remember that betting is risky, and one needs strategy, knowledge, and discipline to succeed. The following are some suggestions to ensure your success:
1. Do Your Research
Before making any bets, it’s important to conduct extensive research. Knowing the teams, players, and odds is essential whether you’re betting on sports or virtual games. The more you know, the higher your chances of making profitable bets.
2. Begin Small Investment
It is always best to begin with minimal bets when you are new to a money-making betting app. This will help you become comfortable with how the app functions and learn how the betting system works without losing much money.
3. Bankroll Management
One of the most important things about successful betting is bankroll management. Determine how much you want to spend and stick to it. Never risk more than you can lose, and don’t chase losses, which is the downfall of many bettors.
4. Know the Odds
Odds are an integral aspect of betting. They inform you of how much you can win from a winning bet. Reading and interpreting the odds is an important skill that can greatly enhance your chances of making successful bets. Keep in mind, higher odds tend to imply greater risks, while lower odds are safer but with smaller returns.
5. Avoid Emotional Betting
Emotions can cloud judgment and lead to poor decisions. Whether you’re on a winning streak or losing bets, it’s essential to remain calm and focused. Always make bets based on analysis and strategy rather than emotion.
6. Know When to Quit
Knowing when to quit is important. Whether you are winning or losing, quitting on time is imperative. If you keep losing, the time to take a break and rethink your plan of action may have come.
Want to know about Success Strategies to earn money? Check our guide for detailed knowledge on Monetization Strategies For Fantasy Sports App.
Get ready to develop the next huge money-generating betting app. Let’s make your concept a victorious reality. Our professional developers can transform your fantasy betting app idea into a reality.
Take Your Betting Business to the Next Level with a Professional Fantasy Sports App Development Company
A Fantasy App Developer provides services for developing money-generating betting apps with expertise in fantasy sports apps. The developers design accessible, secure, and feature-rich apps featuring live sport betting, fantasy league support, in-app payments integration, and real-time notifications.
They provide smooth user experiences, scalability, and regulatory compliance, enabling businesses to tap into the expanding online gambling and fantasy sports business.
Conclusion
A betting app that earns money is a thrilling way to make money, but it’s not without difficulty. To win, you must have knowledge, strategy, and discipline. Betting can be rewarding and enjoyable, but always bet responsibly. Study your bets, bankroll carefully, and make use of bonuses and promotions when they are available. If you are new to betting, begin small and develop experience over time.
Following these tips and making use of a well-researched strategy can help you better your chances at money-making betting apps and monetize your hobby of betting into a profitable opportunity. Always use caution, however, when dealing with betting and make sure it is a controlled and enjoyable pursuit.
By making informed choices and looking after your bets, you can have the experience of betting with the best opportunity to earn cash. So are you prepared to give it a shot? Start today, get to know what’s out there, and begin winning.
Frequently Asked Questions
Betting apps make money in numerous ways. The most popular ways are sports betting, where users wager on events, and casino games, which use a house edge. Apps also make money with in-play betting, where users bet on events as they unfold. Many apps also have poker rooms or fantasy sports sites where players pay to compete. For betting exchange apps like Betfair, they simply take a commission on the bet between users. In essence, these websites make money using the large user base, betting, and built-in odds to their advantage.
Yes, genuine betting apps are usually safe to use, but there are precautions you must take. Genuine apps are licensed by regulatory bodies (such as the UK Gambling Commission or the Malta Gaming Authority), which means they follow stringent standards of fairness, security, and responsible gaming. Always check for a valid license and read user reviews before using an app. Make sure the app employs encryption (such as SSL) to secure your financial and personal data. It’s also wise to gamble responsibly — these sites usually offer tools to limit deposits and bets, preventing you from developing gambling issues.
While money can indeed be made from betting apps, keep in mind that gambling carries with it risks, and the chance to consistently earn a profit isn’t always present. Professional bettors or sports gamblers have sometimes been found to use skills, research, and strategy as means of bringing chances to play on their side, but more often than not, the odds remain against them. Betting apps are made to generate profits, and their business models are designed to gain from users’ long-term losses. Therefore, although occasional wins can be achieved, sustainable, consistent earnings demand expertise, discipline, and sometimes a little bit of luck.
To maximize earning possibilities on sports betting apps, study is your ally. When betting on sports, it’s imperative to keep informed about team updates, player trends, statistics, and past matches. Make use of betting models such as value betting, arbitrage betting, or matched betting to spot worthwhile opportunities. For casino games, knowing the rules and playing games with a low house edge (such as blackjack or some video poker) improves your chances of winning. Always begin small and build up to more over time as you improve your skills and become more confident. Additionally, think about using welcome bonuses or free bets provided by most apps — they can be a great way to minimize your risk and begin without a substantial initial investment.
Withdrawing winnings from betting apps is easy enough, but the process is somewhat different for each app and payment option. Most betting apps have bank transfers, e-wallets (such as PayPal, Neteller, or Skrill), and cryptocurrency (in some instances) as withdrawal options. Be aware that some apps will have minimum withdrawal limits and processing times that can take from a few hours to a few business days, based on payment method. Always have your account fully verified (with items such as ID or proof of address) to prevent slower withdrawals of your money. It’s also worth mentioning that apps can have withdrawal limits depending on your country of residence or user status.
