Sports betting has long been one of the most popular types of betting. Traditionally, bettors would have had their own personal bookmaker who they frequently placed bets on ever-popular sports such as horse racing and football. A lot has changed since then, with the huge growth in technology and the influence this has had on how people place bets. These days, people don’t even need to leave their home to place a bet on a huge range of sports.
Online Betting and Cryptocurrencies
Online betting is one of the most significant changes which has happened in the sports betting sector. It has widened the appeal of placing bets, as it is convenient to do and easily accessible, particularly as most people now have access to a smartphone. There are a number of specialist apps online for betting on particular sports to make the process even quicker and easier. Online betting has also opened up sports betting world to a huge range of new and niche sports, like Mixed Martial Arts and hockey, instead of the exclusive few traditionally available.
Technology is continuously evolving, so even the relatively new facilities for online betting are being upgraded. One of the latest trends in online betting is Bitcoin betting, with a number of online sports betting sites allowing people to place bets using the increasingly popular cryptocurrency. For those that don’t know, cryptocurrencies are currencies which only exist online. They are being used more frequently by the public as it becomes easier to buy and sell them online. Additionally, more websites are beginning to accept Bitcoin as a payment method, including many online games websites, some retail websites and some travel agencies. Many companies consider accepting Bitcoin as a payment method a progressive step forwards. Some of the key advantages for using Bitcoin to place sports bets include it being more secure and quicker to use.
One of the most noticeable changes in the sports betting world is the addition of non-conventional sports in their line-up. As well as sports betting websites including more unusual sports, they have also begun to feature eSports and fantasy leagues.
At the moment, eSports are not widely known outside of the gaming world but they are becoming very popular. eSports, or electronic sports, are a form of competitive online gaming. Players compete against each other to improve their ranking and sometimes win prize money. For players who are really committed to competing, it’s possible to reach a professional standard of gameplay. These matches are watched online by thousands of fans via streaming websites such as Twitch. There even huge events across the globe where thousands of people go to watch professionals battle against each other. Recently betting has become part of the culture of watching eSports. Sports betting websites are cashing in on the trend by offering bettors the opportunity to bet on well-known players. Popular cable TV providers are also beginning to broadcast tournaments as the online sport gains a wider audience.
Fantasy leagues have risen in popularity over the years. Their universal appeal has seen fantasy leagues become a staple part of office culture. The sport involves creating your own sports team, the most common sport is football although other sports have become popular recently, from the line-up of players in a current league. As the league progresses, players earn points as their team complete a range of pre-determined events, such as a particular player scoring a goal. Many people have started placing bets on their team to make the sports more exciting and competitive. There are a number of strategy guides available online to help players choose the most successful team. As a result, sports betting websites have started hosting their own platforms for people to create their fantasy sport team on. This makes it easy for people to set challenges and play against others to win money and prizes.
It’s not yet known whether sports betting will continue to change face in the future but at the rate technology is evolving it is highly likely we will see further changes. Some trends to watch out for, which are already changing the way we think of sports betting, include the rising popularity of fantasy leagues and eSports. It is also highly likely that many sports betting websites will begin to accept cryptocurrencies in the future.