Gambling is one of the industries that can’t be improved without technological innovations. In order to improve users’ gaming experiences, owners of gambling platforms need to be aware of modern technological trends and implement new solutions as soon as possible. But how can they see over the horizon and predict upcoming innovations for the future? Below, we will uncover the new trends that will soon transform the industry of gambling.
Blockchain is an ideal solution for the gambling industry
Blockchain is already known as a breakthrough technology, one that brought more hope for future to a number of industries in our daily lives and online gambling is not an exception. Every day, countless transactions are carried out between operators and users: transferring money to the account, receiving winnings or exchanging crypto currencies. Blockchain technology makes transactions faster and simpler; no banks or other third parties are involved in the process, and all transactions are transparent to every participant. As we see, it’s better for both operators and players. Winnings can’t be blocked or confiscated by banks, so players don’t need to wait to receive their money. Fraudulent activity is lessened by the technology of blockchain because personal and other information is not controlled by one operator, and it is stored in different places.
One good example of a solution implemented by Blockchain in online gambling is Bitbook. The company allows the use of different cryptocurrencies and offers their players the option of depositing money swiftly. What is more, Bitbookrespects the privacy and security of their customers; they provide fast payments and swift transactions. There is no limit to funds t in the Bitbookgambling and sportsbook platform; players can deposit as much money as they want.
According to the report, the global online gambling & betting market accounted for USD 45.8 billion in 2017 and is expected to reach USD 94.4 billion globally by 2024, growing at a CAGR of around. Sep 23, 2019 This statistic shows the global online gambling market size from 2009 to 2024. The current size of the market is almost 46 billion U.S. Dollars, meaning the size is forecast to double in the.
Available gambling options for smartphone
Most of the developers of online gambling platforms make new games by improving graphic and technical features. Most online games are made for computers, but now tablets and smartphones are the devices people use more. The handheld devices are more convenient for searching the web; that’s why software developers need to create more mobile versions of gambling platforms to expand the audience. Indeed, it is better for gambling companies to offer two options for gambling and betting, computer and smartphone/tablet.
Bitbook made this possible for customers. Players in the Bitbook platform can enjoy different games and place bets on sports activities via computers or mobile devices.
One platform for gambling and sports bets
Some gamblers are interested in betting on sport activities. In real life, casino and sports bets don’t coexist in one place, but when gambling came online, the idea of a gambling and sports bets combination sounded perfect to passionate players.
The online platform that combines various games with betting options already exists as Bitbook. Bitbook offers their customers more than 200 casino games, over 150 slot games, 9 variations of roulette and bets on major worldwide sporting events. Users of this platform can place bets on the outcome of events in such sports as football, soccer, basketball, tennis, hockey, car racing, golf and more. The combination of sports book and online games helps save time and improves the gambling experience.
More engagement with virtual reality
Over the last few years, virtual reality has received a lot of attention from developers and customers. Nowadays, the wide range of VR devices and options has been demonstrated to the public. People can try the new virtual experience with real-life graphics and full engagement. Unfortunately, virtual reality is mostly available for modern video games, but the limits will be expanded in the near future, especially for online gambling. Online casinos can replace traditional ones with virtual reality implementation. There will be no need for players to visit casinos in real life when they can get the same or even better experiences without leaving home. One moment a user can play roulette in a Vegas casino, and ten minutes later he can move to Macau. Virtual reality is going to change online gambling drastically while offering innovative opportunities for players.
The perspectives of online gambling
In the coming decade, traditional casinos will continue to exist because the target audience for online gambling consists of people 18–35 years of age who rely primarily on their phones. However, blockchain technology and crypto currencies improve trust among players and offer transparency to their customers. With the implementation of blockchain, smart payments, swift transactions and easy money exchanges became real. Virtual reality experiences in online gambling look promising, and we only need to wait for gambling to be transformed in general. The experience of online gambling through different devices, especially mobile phones, helps the industry to increase the number of users and reach a new level of business.
Sports betting has come a long way since the neighborhood bookie at your local pub or bar. Though sports betting in some form has been around for hundreds of years, regulation didn’t come about until the Second World War, after the United Kingdom and then US State of Nevada began to regulate the industry over the next several decades.
The proliferation of the internet in the early 1990s helped paved the way for a new wave of businesses and what became known as e-commerce. In the years leading up to the turn of the century, online gambling sites began to pop up across the web. These included online poker rooms, casinos and of course, online sportsbooks.
Fast forward to today, and the online gambling industry worldwide is worth $30 billion or more per year as of 2014. Online sports betting markets are a large part of that, and the industry as a whole has grown in each successive year.
Real Money Betting on Sports
In today’s world, real money gambling on online markets have vastly superior prices and betting options compared to unregulated offline markets. Even regulated offline markets, such as Las Vegas sportsbooks do not have anywhere near the number of markets as some of the world’s largest online bookmakers.
While offline or brick n’ mortar sportsbooks have an influence on line movement and odds, the internet’s largest sportsbooks and online betting markets have a much larger affect on the line. The most prominent and trusted online bookmakers have become the pulse of the betting world.
Bettors can line shop for the best price, receive bonuses and have access to a much larger amount of markets when betting online. As more and more countries begin to move forward with legalization and regulation, online sports betting will continue to flourish and expand.
Sporting Events to Bet On
Mobile Sports Betting
Online bookmakers have adapted well to the advancement in technology, and nearly everyone these days has a smart mobile device. In addition, many may also have tablets or other mobile devices.
In recent years, mobile betting has increased rapidly with online gambling sites having produced a number of applications available for download and no-download mobile pages. Bettors have the ability to bet on the go regardless of their device..
The number of bettors who place wagers is expected to rise tremendously in the next few years as more states begin to liberalize their gambling markets. Mobile betting markets are already an excellent option today, as nearly every bookmaker online offers a mobile version of their sportsbook in some form.
How to Win Betting Sports – As we discussed above, betting online offers unique advantages over traditional brick n’ mortar sportsbooks or local bookies. Winning at sports betting is surely difficult, but chances can be improved if bettors follow some basic rules along with working hard on their handicapping craft. Sports betting is just like any other job, it takes hard work to become successful.
Getting the Best Odds
This seems obvious to many who bet sports but too many bettors take a lax approach when line shopping. Since there are hundreds of online sportsbooks, there are many different options for players to choose from. Even the most obscure markets are available at more than one site, which means you should always be looking around for the best odds before placing a bet.
Having an account funded at several top sportsbooks is a must for anyone who is serious about making money betting sports. Why would you bet a game at +3, (-120) when you could bet it at another book for +3(-110). Many online bookmakers offer reduced juice (-105 baseline pricing) for many markets; saving bettors a ton of vigorish.
Online Gambling And Betting Industry News
In a lot of ways, getting the best odds on each of your wagers is half the battle when it comes to betting sports. This isn’t just in terms of straight bets, if you are betting a lot of parlays, teasers, or accumulators, make sure you’re betting with the best prices around.
In the long run, finding the best odds on each bet can save bettors thousands in just one season of betting. It is the most crucial thing they can do to get a leg up on the sportsbooks.
Online Gambling And Betting Industry Free
Deposit Bonuses and Promotions
This is especially important to newer bettors who are trying to build a bankroll. Almost every online sportsbook offers players an initial bonus on their first deposit. These can vary wildly from just $100 all the way up to several thousand dollars.
These come with a rollover, and they are usually in the form of free-play wagers. The rollover is the amount of times you must wager through the bonus amount before you can withdraw. For instance, if you receive a $1,000 deposit bonus with a 4x rollover, you would be required to wager $4,000 before you can request a withdrawal.
With every online sportsbook offering some kind of bonus to new players, these bonuses are a great way to beef up your bankroll while trying out some of the world’s best bookmakers. The offers don’t stop there either, many also offer regular reload bonuses, money-back or cash-back promotions and other incentives for players.
Funding Your Account & Getting Paid
Choosing an online sportsbook can be done in a matter of seconds, but that is not what we would suggest. The vast majority of online sportsbooks are reputable but like every industry, there are bad apples. Just choosing to Google your sportsbook’s name before depositing can save you plenty of headaches.
Many watchdog or review sites, even those that say they have the bettor’s best interest at heart, mislead them into depositing at shady operators or “scam books.” Your best bet is to use a variety of sources to determine a sportsbook’s reliability. Usually, the longer said sportsbook has been around, the more reputable it is.
Of course, we put the player’s best interest first when it comes to the sportsbooks we review and promote on this page. We won’t lead players astray and pride ourselves on our top notch reviews and online sports betting content.
Funding online gambling accounts has become an industry in itself since the advent of internet wagering. Today, there are more ways than ever to deposit and withdraw into betting sites. Depending on your location, along with state and local laws, your options may vary.
The most popular option these days for depositing are electronic wallets (e-wallets). Neteller and Skrill (Moneybookers) are the clear choices in this arena, however they cannot be used by US based customers. They are highly trusted and have both been around over a decade. Well known payment processor, PayPal is also available in certain countries.
All of these options can be used quickly for withdrawals. Funds will reach players’ bank accounts within a few days using these methods, and there is almost always no fee for depositing and withdrawing via e-wallet.
Credit or debit cards are popular in both unregulated and regulated jurisdictions, and they are the fastest way for those who cannot fund e-wallets to deposit; such as those in the United States. Unregulated markets offer challenges to players looking to fund their accounts, but there are still plenty of options.
Instead of being able to withdraw via e-wallet to their bank account, bettors in illegal or unregulated markets will have to use other methods. Players usually choose to cashout via check or bank wire. Person-to-person transfers have become popular in recent years as well, but they are more expensive than other methods.
Summary – Final Thoughts
The information above is just the tip of the iceberg when it comes to online sports betting. Whether you’re just betting for recreational purposes or looking to make money as a professional, our resources will help you succeed.