Technology has played a critical part in taking the sports betting industry to the next level. Initially, sports betting fans had to visit bookmakers physically to place their bets. However, technologies like the internet have enabled wagering enthusiasts to bet on sports from the comfort of their homes. Since then, more innovations have been initiated in the industry, making the experience more immersive.
Here are 3 Key Trends in the Technology-Driven Sports Betting Industry
Mobile Sports Betting
Mobile sports betting is undoubtedly one of the most significant technological advancements in the sports betting industry. Having the option to install the Betway app on your device, gives you the opportunity to wager on your favorite sports on the go. This makes the betting experience more convenient as you don’t have to be in front of your computer to wager on sports events.
Moreover, mobile sports betting has enabled online sportsbooks to reach more markets. For example, the availability of affordable smartphones in previously unreached markets has opened up new markets for sports betting operators.
Mobile sports betting also gives gamblers access to secure payment methods. In the past, some people could not wager because they did not have bank accounts. However, the advent of mobile banking methods like eWallets was a game-changer. Nowadays, all smartphone holders can wager on sportsbooks thanks to digital payment methods.
Computer Generated Reality
Computer-generated reality allows online sportsbooks to capture players’ imagination. With innovations such as Virtual Reality, Augmented Reality, and Mixed Reality, the players’ experience is transformed, making it more engaging. This is proof that Technology has truly revolutionized these industries.
For example, with VR headsets, you can watch games as you bet on them. Additionally, you can watch several computer-generated games, such as horse racing, cricket, and football. This technology also allows sports betting operators like Betway to hold competitions for gamblers to wager on.
Moreover, computer-generated games ensure that you can continue wagering even when there are no physical sports activities. This was particularly important when sports activities were suspended in 2020. Wagering enthusiasts could still bet on virtual sports games on different online sportsbooks.
Esports
Electronic Sports have transformed the sports betting industry significantly. First, they have pushed people to take gaming seriously. Unlike in the past, when gaming was a pastime activity, nowadays, people do gaming as a career, and it pays them well!
Esports involves gamers or teams of gamers testing each other’s prowess on different electronic games. The games could be sports simulations like Football Manager or multi-player real-time strategy games like league of legends.
The eSports events have enabled online sports betting platforms to offer their members more markets to wager on. If you log into any top sportsbook, you will find eSports events to wager on. These events complement the usual sports activities offering gamblers more markets to wager on.
Final Thoughts
Many other technologies, such as blockchain, live streaming, and improved payment methods, have helped transform the sports betting industry. However, the ones mentioned in this piece have significantly impacted the industry. Which technology has amazed you the most?
Watch this space for updates in the Technology category on Running Wolf’s Rant.
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