What Is The Future Of Online Sports Betting?

In the mid-2010s, online sports betting had taken the world by storm, and the tide is still raging. But what does the future hold? Which technologies will revolutionise betting in the years to come? In this article, we are going to take a peek at what the betting industry will have to offer in a few years.

Virtual Reality

Although a gimmicky concept at first glance, VR matches are slowly starting to creep into the industry. They work not too dissimilarly from a regular game; you buy a ticket and then connect to a match with a VR headset. This way, you can get the best, most lifelike view of the game despite not actually being present at the event, and it is only going to get better in the future. It is not too crazy to think that, in due time, there will be entire VR stadiums filled with the avatars of fans cheering for their favourite teams, players of which are also using virtual reality and are actually a thousand miles apart from each other.

Crypto-Betting

Crypto currencies are currently accepted as payment by some bookmakers, but it is reasonable to expect that in the future, not only will the number of these companies increase, but there will also be entire platforms dedicated solely to crypto-betting. Maybe the punters of the future will also be able to bet using NFTs and other digital assets, and the entire process will be discreetly done on the blockchain so that no one, except for the bettor and the bookie, will be able to trace the placement of the stake. It will immensely increase the security of sportsbooks as well as make sports wagering more safe in general.

Dominance of Esports

Competitive video games are already quite popular, but it is feasible that they are going to become even more widely represented, surpassing if not outright replacing traditional sports altogether. Esports are most popular with the younger portion of bettors, and as these people get older, they will slowly become the dominant demographic on gambling platforms, which will in turn mean that said platforms will start to cater more and more toward them. Perhaps in the not-so-distant future we will see games like Dota 2 and Counter Strike overtaking the main pages of many popular betting sites, with sports like football or tennis relegated to a more niche, almost vintage status.

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AI Games

Also known as “virtual games,” they are already kind of present on the market but are quite clunky and unwieldy. The graphics are subpar, as is the quality of the experience in general. Even in this sorry state, however, simulated games provide punters with a plethora of previously unexplored betting opportunities and possibilities. For example, with virtuals you may experience a game between any team in any league, such as Manchester United against something like the Celtics or the World Cup finals in which Japan plays against Senegal. With the advent of technology, the graphics, AI, and overall production value of these games will only go up, which means that they will be practically indistinguishable from the real matches.

Micro-Betting

Is a concept that applies the study of statistical analysis and machine learning to wagering. Basically, someone makes an algorithm, a programme, that makes bets on quick events, relying upon empirical data, and slowly learns to predict the outcome of events with great accuracy. Although at the moment the development of such machines is only in the early stages of development and can only be correct around 70% of the time and only with small-scale occurrences, the progress made in this field is truly staggering, and, if you trust the scientists, it will only take about 20 years to develop a programme with enough computational power and intelligence to correctly predict 100% of the outcomes in entire leagues and tournaments.

Responsible Gaming

But not only technology is changing how people bet. Changes in society are also affecting it. Humanity as a whole has become more aware of mental issues and conditions, and the taboo that was placed on the subject is slowly being lifted. The topic of gambling addiction has now entered the discussion, and sportsbooks are being pressed into taking responsibility for the matter.

Punters themselves are also becoming more and more aware and open about the problem and tend to seek help when they encounter it. In our humble opinion, this is probably the most positive change that is happening to online sports betting.

In Conclusion

The future of online sports betting looks promising, as new technologies, ideas, and tendencies become a reality right before our eyes. Perhaps it’s for the best; with all those changes, gambling is moving further and further away from its roots, losing much of the stigma around it in the process and becoming acceptable and seen as a legitimate hobby. Perhaps it is what’s meant, and we think that it is certainly great.