Technology has revolutionized the sports betting industry, making it easier than ever before to place bets on sporting events. There is a wide range of technology-based options available to sports bettors, from mobile apps that allow you to make wagers on the go, to online platforms that offer a wide range of betting options. In this blog post, we take a look at some of the most exciting technology trends in the sports betting industry. We also explore how these technologies are changing the way people bet on sports, and discuss some of the benefits they offer to punters. So, if you’re interested in learning more about the latest tech trends in sports betting, read on!
Access to Information
Perhaps one of the most influential trends that have been seen in the sports betting industry is the fact that there are now so many different ways to access information. If you were to ask any sports bettor what the most important form of currency is, they would say information.
Information can be the difference between making money and losing money. With technology on the rise, sports bettors have access to instant information. They can find out if their favorite team is doing well, what their previous match was like, what the odds are on the team for the next game, racecards for those into horse racing such as those listed on British Racecourses, and more, all of this being instantaneous.
The next technology trend in the sports betting industry shouldn’t come as a surprise, and that is the increase in mobile betting. Mobile betting isn’t anything new, and it was first made popular, largely due to the use of gamblers accessing online casinos with their mobile devices.
When it comes to the sports betting industry, there has been a rise in mobile betting. This isn’t surprising considering the number of benefits that mobile betting offers, such as instant access to betting at any time of the day without needing to be near a computer. In addition to this, it’s a great way for sportsbooks to access a wider audience and increase profits.
As mentioned above, sports bettors have access to a lot of information now more than ever, and one way this is possible is through player tracking. What if as a sports bettor you were able to know exactly how much exercise a player has received? Or how fit they are? What if you were able to tell how much practice a player missed? This is now possible with player tracking technology.
This means that sports bettors are now able to make extremely informed bets, and less and less is being left to chance. This is one technology trend in the sports betting industry that is on the rise.
As it is within any industry, practices change, and protocols are adopted, evolved, or forgotten. One trend that has evolved sports betting is micro betting. Micro betting has turned the sports betting industry upside down and has made it incredibly exciting.
For example, what will the score be at the halfway mark? Will the next goal be scored from 30m away? Micro betting is very similar to props betting. Technology has made micro betting and props betting possible since technology can handle and provide data in real-time.
Cryptocurrency and Blockchain
Another trend within the sports betting industry that has seen a rise in popularity over the last few years is the use of cryptocurrency, and sports betting platforms that run entirely on cryptocurrency. Cryptocurrency is a form of digital currency and offers many advantages to sports bettors.
One of the advantages is the fact that even if the country you are from doesn’t allow sports betting, since cryptocurrency provides complete anonymity, it doesn’t matter. More than this, cryptocurrency can be withdrawn immediately, meaning people no longer need to wait a few days before getting their money.
Virtual Sports Betting
Finally, it would be impossible to compile a list of technological advances within the sports betting industry without including one of the most influential; virtual sports betting. Virtual sports betting can be seen as the epitome of technological advances within the sports industry.
Virtual sports betting offers many benefits to sports bettors, such as being able to bet any time of the day, as well as having access to many more sports to bet on.