The global sports betting market is valued at $129.3 billion and is growing year over year
Source: pixabay.com
In order to stay competitive in this industry, it is important to be aware of the latest technology trends. From casino apps to in-play betting, here are the tech trends you need to know about in the sports betting industry.
In-play Betting
In-play betting is one of the most popular trends in the sports betting industry. This type of bet allows you to place a bet on a sporting event while it is happening. You can bet on anything from the next play in a football game to the final score of a basketball game. In-play betting is available for a variety of sports including football, basketball, baseball, hockey, and more.
In fact, it has become such a popular tool for those that wager regularly on the NFL, are continuing to look for the best football betting sites where they are able to find sportsbooks that will allow them to make wagers, while each of the fixtures that they are watching take place live.
Live Streaming
Another popular trend in the sports betting industry is live streaming. Live streaming allows you to watch a sporting event as it happens. This is a great way to keep up with your favorite team or get an inside look at how a particular player performs under pressure. Live streaming is available for punters to be able to enjoy a plethora of different sports events from around the world, with many of the most popular types of sports and leagues each being offered.
Mobile Betting
More and more people are using their mobile devices to place bets on sporting events. Mobile betting allows you to place bets on the go. This is a great way to stay up to date with your favorite team or get an inside look at how a particular player performs under pressure. Again, much like in-play betting and live streaming, punters are able to use their mobile devices to place bets on their favorite sports and the top leagues that are being competed in across the globe.
Blockchain technology
While blockchain might be most commonly associated with cryptocurrencies like Bitcoin, the truth is that this distributed ledger technology can be used for much more than that. In the context of sports betting, blockchain can be used to create digital wallets for bettors, track bets placed, and ensure secure and transparent payments. Some companies are even looking into using blockchain to power “smart contracts” that would automatically settle bets based on real-time data.
Final Thoughts
The sports betting industry is growing rapidly and technology is playing a big role in this growth. From in-play betting to live streaming, there are a variety of tech trends you need to be aware of if you are to have the best sports betting experiences possible and have the best sessions whenever you participate in this popular pastime.
With the technology on offer at the moment only likely to develop further in the future, it would not be a surprise if the value of the sports betting market were to increase further.
