Since the digital age began, Sports Betting has never been the same. The presence of casinos supported the internet in the early 90s and not long after that, the platform of online sports betting appeared. After that, several things have changed and exceptionally improved. The technology made sports betting and gambling better and accessible by people worldwide.
The technology has surely come a long way with regards to online sports betting. In a very short period of time, it moved from basic sports betting on dial-up connections to live betting during an actual event. The evolution and innovation taking place in the online sports betting app development industry are truly unbelievable. These changes have played a huge role in improving the user experience on online sports betting sites and apps. In this blog, we will see the latest innovations in this industry.
- In-play Betting:
In-play betting has completely transformed the industry of online sports betting. The players can follow live happenings of a game with these bets. As per the latest developments and scores in the match, the odds can change immediately. The odds are updated in every millisecond by the established sportsbooks operators. In this way, the players are able to make a better decision while betting.
- Mobile Betting: Smartphones are much more capable of doing more than just texts and calls. With the help of these devices, the players can easily access their preferred sportsbooks at any time.
In the online sports betting industry, mobile betting is the most meaningful innovation. It made the betting market better and the sports betting companies were able to bring the power of betting in the hands of the players. With the spread of fast internet connection, mobile betting has boosted and currently, it is the most used mode of betting all around the world.
- Cryptocurrencies: Cryptocurrencies, also known as cryptos became like Blockchain and initiated strides in the online betting industry. The players are familiar that few sports books have included crypto currencies as an approved option for payment. In the coming ten years, the phenomenon of block chain is going to impact the industry significantly.
Several online sportsbooks have implemented cross-border betting by using this technology. Welcoming cryptocurrency will add to their operations as it is a well-established global currency. The online sports betting providers will also gain the trust of players because of the transparent nature of Blockchain.
- Augmented and Virtual Reality: The AR/VR technology is taking the online sports betting industry by storm. The players are getting away from traditional sports with these technologies as the players can join their favourite game virtually.
The operators of online sports betting came up with a new way of using this technology. It has initiated the aspect of virtual tournaments and the sports betting companies can offer their clients with eSports betting. The eSports industry attracts players from all over the world, making it a billion-dollar industry.
Read More: How to Develop a Fantasy Sports App?
The Future of Online Sports Betting
The future of online sports betting lies with innovation and technology. The players and sportsbooks should brace themselves for more innovations. The sportsbooks will be obsolete in the coming time for those who do not appreciate the technological advancements. The technologies to look upon are cryptocurrencies, AR/VR and Artificial Intelligence.