The 6 deadly myths of fantasy sports business busted!
Our team shares common apprehensions of fantasy sports entrepreneurs.
Do you have some too?
If it’s a myth, it better be funny! Often not so for those dying to jump into the fantasy sports business. Our team finds itself at the receiving end of some such myths that are so discouraging for entrepreneurs passionate about fantasy sports business.
Let’s bust 6 of the commonest myths about developing a fantasy sports platform or website.
Myth #1 Due to various sports and leagues, fantasy sports platforms take forever to build and cost a bomb
Well Yes and No. Each sport has its own unique logic which requires considerable amount of coding as well as UI/UX related changes. For each new sport you add, you have to implement its own unique lineup formation, scoring parameters, modify the DB to handle all unique data points etc. At the same time to add a new league for an existing sport the total efforts needed are on the lower end. The only real work needed it to integrate the new data feeds and make minor tweak in the UI. In terms of costing to add a new sport, it varies based on a lot of factors and your requirements.
Myth #2 Multi-lingual fantasy platforms can be built only in certain popular languages.
Hell, wrong! Unless you are wishing to build a multi-lingual platform for the aliens, a fantasy sports platform can be built in practically any language in the world. For instance, at Vinfotech, we have built applications in languages like Russian, Spanish, French, German, Arabic and Portuguese. Our team is currently building one in Georgian.
Myth #3 Data providers for fantasy sports platforms are unaffordable and hard to find.
One, there are many reputable data providers such as OPTA, STATS, Fantasy Data, Sports Radar, etc. Here’s the bigger question – is your fantasy sports platform development company willing to help you there officially? Ideally it should. Two, at Vinfotech, we work in official capacity with some of the leading data providers and have assisted our clients in acquiring the necessary data at special subsidized cost.
A common myth about fantasy sports business is that daily fantasy sports is limited in number.
Myth #4 Newsfeeds are far too complicated to handle.
No, because RSS feeds can be called from leading sports news channels and sports magazines and to provide users with latest news and information.
Myth #5 There are only a limited number of daily fantasy tournaments.
Really this business has been growing rapidly in innovation. There are several types of daily fantasy games that could be further customized by us to suit your requirements. Some recommended ones are –
/ Winner takes All
/ Uncapped Games
/ Multi-entry games
/ Turbo Lineups / Pick'em
/ Guaranteed Prize.
Myth #6 Fantasy sports websites are more vulnerable to attacks.
They are as secured as the websites that employ protection measures and as vulnerable as the sites that don’t. The applications will come equipped with multiple levels of security protocols as needed and prevalent currently worldwide, if you demand.
The whole fun of fantasy games is taking risks, pushing limits and well, eventually winning. Now that you have tested waters, shall we play?
- Fantasy sports platforms can be built quickly within budget
- They can be built in any language
- Data providers can be found in reasonable price
- Newsfeeds are easy to handle
- There are many kind of DFS tournaments
- Fantasy sports websites can be made secure
Vinfotech creates world’s best fantasy sports-based entertainment, marketing and rewards platforms for fantasy sports startups, sports leagues, casinos and media companies. We promise initial set of real engaged users to put turbo in your fantasy platform growth. Our award winning software vFantasy™ allows us to build stellar rewards platform faster and better. Our customers include Zee Digital, Picklive and Arabian Gulf League.
Vinfotech has partnerships with the best names in the sports data feeds industry including STATS Inc, OPTA, Sportradar, Fantasydata llc, to name a few. Do check out this infographic to understand data feeds for different sports.