Recent advances in technology have changed the sports betting experience and offer a much faster and more immersive adventure than ever before.
One of the biggest stories in sports betting news is that sports fans can now enjoy their favorite games in more ways than ever before, thanks to smartphone and mobile device technology.
This has increased fan engagement tremendously, and sportsbooks have to keep pace by offering the latest technological advances to make the customer experience more positive and keep them coming back. Here are some of the latest trends in technology for the online bettor.
Blockchain Technology Gaining Strength
Probably the most essential technological advancement in online sports betting is the emergence of Blockchain technology. It allows players the most convenient way to fund their sportsbook accounts and receive payouts by using various cryptocurrencies. Making transactions using crypto is the fastest and safest option available.
In addition, transactions are entirely anonymous and give the player the most control over their money. Winnings are sent to your digital wallet linked to a personal bank account, making transfers painless, fast, and more convenient than ever.
All that’s needed is to open a virtual wallet, choose which cryptocurrency you’d like to use, and link the wallet to a bank account.
This is also the preferred method for most sportsbooks. They offer higher deposit bonuses if this method is used to deposit into your account.
Online Streaming Becoming Mainstream
Many online sportsbooks offer live streaming, allowing fans to watch games while engaging in other activities such as live betting. So, for example, a player will be able to keep up with live betting data on the same screen as the game is viewed and place bets instantly on that game just by making one click.
Some of the big players in the online movie streaming industry are looking at adding sports betting to their portfolios. They are currently exploring how their technology can be integrated into the overall sports betting experience. So there will definitely be more advances in this area coming in the future.
AR and VR Technology Are Here
Various companies are developing AR and VR technologies for online betting. So, for example, if a player is unable to get a ticket to see their favorite team play live, they could sign into their favorite sportsbook online and get a courtside seat using a VR headset which would also display the live betting odds.
It’s also possible to use a compatible VR device to walk into a fully 3-D virtual casino online and access all the games while interacting with other players from around the world. This technology is still in the early stages and will be unprecedented in the industry, with its potential being unlimited.
Artificial Intelligence Could Take Over the Gaming Experience
Artificial Intelligence (AI) is the technology that learns a person’s patterns and habits while connected online. In sports betting, the technology would have the ability to offer more accurate odds on sporting events using advanced algorithms.
What this is accomplishing is making the betting experience as personalized as possible. It’ll show the player more details on past betting habits and provide sports information that is more relevant to the individual.
In sports betting, the more information available at a player’s disposal, the better the odds of winning. However, AI technology can only do so much to help make successful wagers. The player will still have to rely on patience and research to make the best choices.
Not all industry experts agree that AI will eventually dominate online sports betting, but it will be intriguing to see how much of an impact it will make in the future.