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Future of Online Sports Betting: Trends and Innovations

Future of Online Sports Betting: Trends and Innovations

Most sports fans have found that betting on their favourite teams or players makes them enjoy the games even more. Take EPL fans as an example. If they are just debating which team will win the season, the talks can get a bit repeated. But if they have money on the games, they are more invested in the outcomes and will learn a lot about the teams, which makes the conversations more exciting. And with big bookies like those listed in Globusbet offering competitive odds, most fans want to get a bit of the action. So, what innovations will punters see in the coming decades, and how will they affect bets? We find out:

Trends in Online Sports Bets

Decades ago, the idea of placing a bet without leaving your home would have been a dream. But now, it is the reality. That’s the best thing about technology. Things that would have seemed impossible soon become the norm, which allows people to access the things they love much more quickly.

So, what will new bookies introduce in the coming years?

  1. Making Micro-Bets

The typical bets revolve around long-term events. A good example would be a football match between two teams. Punters can bet on the winner, the total goals, the number of corner kicks, whether the game ends in a penalty, etc. While these are fantastic bets with good odds, there are many more betting opportunities in the matches.

For example, bookies now want punters to bet on events that take place in seconds or minutes. Say a team gets a corner kick in a football match. Punters can bet on whether the player makes the shot or misses. How incredible would that be? They can also bet on small events in other games, e.g., basketball, where small events have considerable effects. It will make punters more excited about games as they can recoup their investments or even double them based on the current status of the match.

  1. Paying in Crypto

Making deposits and withdrawals often requires punters to input their card, bank, or e-wallet details. And while bookies have introduced several measures to ensure these payments are safe, they still have downsides. These include processing times, security issues, and costs.

Many bookies have realised that using virtual currencies is the better option, as they address the core concerns with traditional payment methods, including:

  • Privacy: Punters can make and receive payments without divulging their identities or bank records.
  • Speed: Transactions are instantaneous, allowing punters to start using their money immediately.
  • Cost: Virtual currency payments incur little to no costs, allowing punters to hold on to most or all of their capital.

The currencies also allow punters to invest in the crypto world, and they can reap from these investments.

  1. Watching VR Live Streams

Live streams have been a big hit with punters as they allow them to follow live matches and place bets based on what they see. Bookies want to make the experiences even better by introducing virtual reality (VR).

With this technology, punters will wear headsets that will allow them to attend the live games as avatars. They can cheer on their favourite players or teams, interact with other fans, and place bets on the game as it ensues. Since the technology will immerse punters in the game, it will be like travelling to a game without leaving the house. Already, punters are excited about the prospects of this virtual attendance.

  1. Increased ESports Prevalence

The past few years have seen the sports betting industry include esports more. And with more gamers shining in this world, people have been drawn to this sport for the following reasons:

  • The industry hosts many games: Unlike most sports, where the major games are few and far between, esports tournaments have several noteworthy games.
  • The payouts are good: The odds offered in this industry tend to be much more competitive than in traditional sports. 

Of course, the growing popularity of different games has given punters a wide variety, which helps them cash in at different points.

These technological changes will also see increased reliance on blockchain technology and artificial intelligence for easier and more transparent transactions.

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