Gone are the days when sports punters had to take a trip to a land-based sportsbook or a race track to place a wager. With the introduction of the internet and other advanced technologies, punters can wager at the comfort of their smartphones or laptops through the Betway online bookie. Besides the convenience of wagering from anywhere, sports punters can wager on different leagues, including the NHL, NFL, NBA, EPL, and NBA at any time of the day.
Here’s how sports betting platforms like Betway are exploiting cutting-edge technologies to penetrate new markets in 2021.
The introduction of the internet and mobile betting has demonstrated a paradigm shift in the betting industry, a change that may be impossible to witness even in the future. Flashing back in the last 30 years, it would have seemed impossible to wager on sports with just a click of a mouse, with many forced to call or visit their bookies to wager. Today, gamblers wager on sports and leagues across the world 24/7, irrespective of their geolocation.
In sports betting, having all the facts about the game and the players is very important to increase your chances of winning. However, it’s not always easy to leverage the information you have ahead of the game. Fortunately, live soccer betting online gives you the chance to place your wager as the game continues. Live Betting can also help you get better odds on certain outcomes, as the lines keep changing depending on how the game is progressing.
In-game betting has also changed the way online bookmakers, becoming among the most popular wagering options today. That’s because sports fans can make better judgment calls on where to wager by streaming the game live to win cash before the end of the game.
While virtual reality was considered something from a science fiction movie a few years ago, it’s among the major technologies shaping the sports betting industry today. Technology firms are already experimenting with different VR gear like the Oculus Rift and virtual reality is expected to change how people place their wagers in a few years by offering them a more hyper-realistic experience.
A more improved explanation for safeguarding the privacy of gamblers is the data encryption technology. The technology uses a 123-bit password in protecting the players’ financial and other confidential information from cybercrime. The encryption password length is gradually growing to build a stronger wall of protecting online players’ data from being accessed by unauthorized people. The encryption technology seeks to create a good relationship between the bookmakers and gamblers by providing water-tight data security to the bettors.
From the convenience of wagering from anywhere to securing the punters’ data, sports betting has benefited immensely from technological advancements. These tech advances are appealing to the stakeholders in the industry, as they favor both gamblers and bookmakers. Additionally, financial transactions are more secure compared to traditional sports wagering options, which point to a promising future for sports betting.