The emergence of new technologies and growth of interest in cryptocurrencies forces businesses to adjust to modern trends. And it is necessary not to understand the tendencies but to optimize the usual processes, expand the list of services, improve services, attract customers, etc.
Thanks to the rapid development of betting, the industry has become one of the largest in the world. The focus of companies on technology and the development of online services is logical with the requirements of today’s reality. Next, let’s look at how new technology has changed the field.
Cybersport
A striking example of the successful application of new solutions is cybersport. It is known that more than 3 billion people play video games, which is almost 40% of the world’s population. Therefore it is not surprising that the emergence of competitive disciplines in cybersport expands the boundaries of the betting business. Dozens of tournaments with massive prize pools are being held today. It is expected that cybersports will soon surpass some traditional sports in popularity. Even now, many users eagerly await the broadcasts on Twitch, ignoring the conventional disciplines on TV.
Virtual Sports
Another rapidly growing niche is virtual sports. The symbiosis of classic sports and casinos involves tournaments with scheduled events. Their result, as well as in simulator games, is determined by a random number generator. At the same time, such sport contributes to the development of virtual and augmented reality.
Events of cybersports and virtual sports are constantly present in the lines of bookmakers, who try to keep up with the times. Virgin Bet is one of them, a detailed review of which can be found here.
Cryptocurrency payments
The high growth rate of cryptocurrency gave an incentive to the expansion of the list of payment methods at the classic bookmakers’ offices and the emergence of new betting providers.
Mobile apps
The true revolution in betting came with the industry’s move into the online realm. Following the ability to make live bets, there was a need for sites to be mobile. There are now both standalone apps with simplified functionality for gadgets as well as adapted versions of websites.
Modern ways of communication with the client
The introduction of technology has allowed bookmakers to accelerate and raise technical support to a new level. Today’s bettors have several ways to contact the support team at once: from email to chatbots in messengers. Operator’s support in the shortest possible time and an accessible form can instruct newcomers, raising the threshold of entry into the field of betting.
Live streaming
Online betting has been prevalent since its inception. However, the quality of live video broadcasts leaves much to be desired, and it is not profitable for bookmakers. That is why processing centres install equipment with fast video reception.
Blockchain
With the advent of blockchain in the betting industry, user confidence in betting operators has increased significantly. The use of this technology allows users to secure and ensure anonymity, receive timely payments, and guarantee that there is no interference and no human influence in the betting process. By starting to use the technology, bookmakers have simplified the betting process using cryptocurrencies. Still, the main advantage for players is the speed of transactions and instant payments while providing absolute protection against financial fraud and various types of manipulation.
Blockchain is used in almost every industry, including banking, but betting has changed the most. The technology has helped the industry come out of the shadows, and new market leaders emerge. There is a trend in betting towards transparency, openness, and honesty towards users. Blockchain has become an integral part of quality online betting, and this process is irreversible.
