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How Technology Is Changing the Online Betting World

How Technology Is Changing the Online Betting World
The Siliconreview
08 January, 2020

Ever since sports betting went online somewhere in the 1990s, the industry has been booming. The best betting sites have always been open to the newest technologies and we’ve seen many improvements over the years.

Let’s take a look at some of the biggest among them.

Live Betting

One of the major changes is related to the introduction of live betting. Nowadays, almost all bookmakers on the internet offer the chance to place wagers on many sporting events while they are running.

That’s hugely popular and opens the door for many people who are experts in certain sports and leagues. They can take advantage of their knowledge, as the live odds change all the time.

There are traders watching the events in real-time and constantly tweaking each price. Thanks to the latest technologies, you can follow them on the website of the bookmakers and place your wagers.

Live Streaming

Another huge improvement is related to live streaming. We see how platforms like Netflix and Disney+ have taken it to the next level but the sports betting industry has been using innovations like Content Delivery Networks and Adaptive Bitrate Streaming for a long time.

That provides a high-quality picture to the users and allows them to watch sporting events directly from the online sportsbook they picked.

Most of the time, the feature is completely free. You only need to have a funded account or to have placed a real-money wager in the past 24 hours to have access to the streaming schedule.

You can watch some of the biggest competitions in the world such as the NBA, the Spanish La Liga, and tennis Grand Slam tournaments. The list of sports covered is endless and all that is available is thanks to the rise of various technologies in the past several years.

Mobile Betting

It would be impossible to talk about the major changes in the online sports betting industry without mentioning the mobile revolution.

Mobile phones used to be means of communication initially, but they have become personal computers recently. It’s no surprise that the word “smartphone” has emerged.

The latest iOS, Android and Windows Phone models have so much computing power that you can do anything on the go.

The gambling industry has taken full advantage and most online bookmakers have a mobile version. Up to several years ago, the betting sites used native apps and the service was far from perfect.

It cost a lot of money and time to develop and then support different software for the different operating systems. Many bookmakers decided against it or only picked one platform.

The rise of HTML5 was a true game-changer as it allows sportsbooks to create mobile-responsive websites. They scale automatically to most smartphone and tablets nowadays, without the need to install additional software.

You can simply open the bookmaker from your browsers and use your credentials to log in. After that, you can perform pretty much every action on the go. You can place wagers, deposit or withdrawal, and contact the customer support service.

Online Payments

The online betting industry also benefited greatly from the introduction of more and more payment options. 15 years ago most bookmakers offered credit cards, wire transfers, and a handful of other banking methods.

Nowadays, there is a huge variety of convenient options like e-wallets, prepaid cards, pay-by-phone services, and more.

If you add cryptocurrencies like Bitcoin and Ethereum, it’s safe to say that the users can quickly find a suitable solution.

Conclusion

The online betting industry is always ready to embrace the latest technologies on the market and improve the user experience. We could expect more of the same in the upcoming years and the betting sites will likely become even better.