Sports betting is known as the largest avenue of online gaming, with a whopping value of 9.95 billion dollars. The projected market increase over the next four years is said to be 13.0% making it worth 15.75 billion dollars by the end of 2028. These figures are so important because none of this would have been possible without the advancement of technology. Through upgrading security measures, improved immersive experiences and increased ease of use – sports betting is reaching new heights daily.
This article aims to shed light on how technology has shaped and continues to shape the future of sports betting.
As you can see from the figures above, the world of sports betting is booming. Online casinos are jumping on the bandwagon to get a piece of the pie, as are avid sports betting punters looking for the best games to partake in. With a large amount of supply, online casinos are working overtime to differentiate themselves through bonuses and promotions, which all derive from technological abilities. For new punters to the game, finding the most lucrative deal might be a bit tricky, but worry not, as Henri of BonusFinder has reviewed them for you so that you don't have to do as much research work. The ones that Henri found range from exceptional 'deposit match' promos to loyalty bonuses and payment method promotions. Each comes with its own free spins, free tokens or free investment.
Sports are a massively important activity around the world. The British love their 'footie', the South Africans love their rugby and the U.S. loves their American Football. The excitement of sports is embedded into every fabric of many sports lovers beings. This is only heightened when it comes to sports betting as two major things are combined: sports and competition, which most sports advocates feed off. One of the most important things to look into before sports betting is the safety that they offer. With the rise in technology, online security is at its highest point. Almost everything that happens online can now be easily traced back to someone's IP address, meaning that hackers and cybercriminals can no longer get away with the things they used to. Technological advancements such as blockchain technology, two-factor authentication and hardware wallets are all areas that are creating a safer experience for players.
Technology has also had a massive impact on the way players perceive games. Many believe that nothing beats the real thing of watching a live game in action, with fans and scouts looking for the next NFL draft pick champing at the bit to see how a game unfolds. However, the advancements in AI (artificial intelligence) and VR (virtual reality) are very close contenders to the real deal. The immersive, captivating and thrilling nature of games is what makes online sports betting even more alluring than what it was. It's the epitome of comfort and entertainment intertwined. Through this alternative reality, punters get to pop on VR headsets which make them feel as if they were really in the middle of the stadium, with smells and sounds to boot, that's how impactful the alternative realities are. Making for a truly inspiring experience.
On last technological advancement that has changed the landscape of sports betting is the fact that people like to be online at all times. Whether they are on their daily commute to work, taking their lunch break, standing in a line at the grocery store or relaxing at home. Chances are they have a device in their hands, whether it's a laptop, mobile phone or even a smartwatch. People are finding the time and opportunity to partake in sports betting activities throughout the day, which is why sports betting establishments are marketing to players using their mobile devices, as people are on them all day.
The emergence of micro betting, which as the name describes, is the idea of placing 'small' bets has been born out of this constant grazing nature of placing bets. Punters are now able to place small bets on minor actions, such as which player is about to take the free kick or whether or not the penalty will be a goal or not. This immediate idea of wanting entertainment, even whilst on-the-go to someplace else has significantly increased the number of bets placed on sports over the last few years.
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