Have you thought about betting online yet? It’s not as unpredictable as before, and it’s truly come of age.
According to Zion Market Research, the global sports betting market was valued at $104 billion in 2017. By 2024, it will amount to $155 billion, growing at a CAGR of 8.83%. In USA alone, sports betting revenues are predicted to reach $7 billion in 2025, increasing from $833 million in 2019.
Along with evolving laws, technology has played a big part in facilitating the mass interest in betting.. Sports betting companies and platforms like Betway is investing huge money in upgrading their tech infrastructure for better user experience. It’s why you find many players trying their luck to bet on lucky numbers with Betway today – to win big.
Today, we will see how sports betting technology is improving by leaps and bounds, and its effect on the industry.
The Usher of Remote Betting
At one time, you had to get out of your home to bet on sports or make several calls. But with the coming of the internet and mobile, you can bet from the comforts of your home. Mobile devices also allow you to bet on-the-go, even when you are on a vacation or office trip.
Positive Betting Experience
Having only a betting website will not cut the cookie anymore! More than two-thirds of the world now use mobiles and expect to bet using their favorite devices.
Sports betting providers now offer mobile apps to capitalize on the growing use of mobiles. It also attracts young demographics into the world of betting.
More Chances of Winning
What’s the use of technology if it doesn’t help you bet?
Let’s welcome dynamic betting, a system of evolving odds based on real-time game actions and other factors. Now bettors can become more strategic and place their bets for more chances of winning using dynamic odds.
For instance, you can bet some of your wager on pre-game odds, and change your strategy when new odds arrive.
Law and Compliance
Betting is not legal in all jurisdictions. Some states or countries allow betting, online or physical, and some do not. Betting providers are now tracking locations of bettors to ensure they don’t bet from restricted jurisdictions. While this may not be pleasant to some bettors, it helps the providers abide by the law and avoid legal hassles.
Better Visual Experience
You can now create a stunning site with crisp graphics at a very affordable cost. The developers will most probably also include a mobile app in the package. So you can get the best of visual and aesthetics at a cost-effective price.
You can also present information in attractive ways to engage users.
Now you don’t need to reach for your pockets to make a bet. You can pay and deposit funds using cards, net banking, and other online methods through your mobile.
Sporting betting technology is improving fast, and we will see many changes in the future towards an immersive betting experience.