It’s well known that people love to gamble. Card games, casino table games, and slots have long been a very popular resource for avid games hoping to win money and prizes.
Sports betting has also been a popular pastime among sports fans, but in recent years the sports betting industry has grown exponentially since mobile apps and online sportsbooks have enabled fans from around the world to bet on any game, at any time, from anywhere.
Mobile betting apps have completely transformed the sports betting industry. Gone are the days where you need to visit your local bookmakers, peruse all the latest odds and upcoming events. Instead, sports betting fans can bet on literally any sporting event in the world from the comfort of their own home, or while on the go. Online sportsbooks also offer live-streaming, in-game live betting, and extremely sophisticated and competitive odds.
As well as being extremely convenient, mobile betting apps can make the whole betting process more fun and enjoyable. Online sportsbooks offer punters generous sports betting offers and bonuses, such as sign-up bonuses, cash backs, and more.
Younger sports fans, aka millennials, have taken to online sports betting in droves. In fact, some experts are saying that younger sports fans, especially soccer fans, relate to sport more through betting than by actually attending games. A recent BBC survey in England revealed that the high cost of EPL tickets is putting off younger fans who would rather gamble their money on the sport than spend it to go watch their team play. And with such great online offers available, including no-deposit bonuses, this is makes sense.
So where does the industry go from here? In order to keep things fresh and engage with the next generation of sports fans, the sports betting industry must keep adapting and implementing new technology which will help make betting even more convenient and enjoyable.
Currently, there aren’t many definitive plans for the future of the industry, however several ideas have been suggested are expected to be implemented within the next 5 years. Due to the industry’s boom, major tech companies are likely to offer sports betting, and these companies have the R&D departments to help create cutting-edge software solutions and state-of-the-art virtual gaming platforms. In addition, in a bid to help improve odds calculators and algorithms, sports betting companies may use motion-tracking cameras and microchips to track real-time data from athletes and gameplay. Data collectors, such as Optus, collate a wealth of statistical information after each game and these stats could be used to affect real-time odds.
One thing seems inevitable; the massive rise in the sports betting industry will result in increased legalization and acceptance. Pro-leagues may soon charge betting companies licenses and profit-shares, which will further the already enormous profits earned by professional clubs. It’s also assumed that stock market-like sports betting exchanges will be introduced, which will appeal to the more sophisticated puntor.