Rapid technological advancements have enhanced much-needed growth in different sectors. One of the top beneficiaries of innovation is none other than the sports betting industry. Entities in this field such as Parimatch, which have been around for more than two decades, have experienced swift growth leading to improved services and better customer experience.
The advent of smartphones has made it easy for anyone around the globe to access sports gaming and bet remotely in the comfort of their homes. Betting apps have also made the in-demand exercise more user-friendly and convenient. Technological advancements are still on an upward trajectory; hence, industry players can only look into the future with huge expectations.
This article will help you explore future possibilities in the industry taking into account the new technological trends making headlines.
New Trends to look forward to in 2022
Mobile Phones
Mobile phones have been around for quite some time now. However, innovations are continuously integrated into their manufacture. The new models and designs come with the capacity to handle more sophisticated apps and process more data.
Considering that the majority of the world’s population now owns a smartphone, nobody needs to visit a bookmaker to place a wager. This has made sports betting conveniently accessible to the average individual.
For instance, if you are betting in India, you can play dragon tiger and other games conveniently at home. It is no wonder that mobile betting is on an upward trajectory as bookmakers adapt and develop websites and apps that are more suited to mobile use.
The Parimatch App, for instance, enables users to play virtual games and place bets on the go. It also provides around-the-clock customer support through online chats. Without smartphones, this would not be possible.
Micro-Betting
Traditionally, one would only bet money on the winning team or other outcomes limited to a specific game. However, there is a growing interest in other forms of gambling, allowing bookmakers to create new and exciting betting experiences. Drops and wins, table games, and slots are some of the new exciting introductions that have brought back online casinos to life.
A wide array of these games is designed every day. This allows users to have a large pool of gaming options. The fact that such games allow players to place small bets on a range of different outcomes, the interest in them will only keep growing, encouraging bookmakers to invent more of such games.
Virtual Reality
There is a belief that virtual reality technology is here to stay, and many experts predict its potential reliance across different industries in the future. Therefore, we cannot rule out its integration into the sports and betting industry. With your VR headset on, you may watch a live game in the future and experience the atmosphere in the stadium while seated on your couch.
While at it, you may also be able to place bets on different events that you can access remotely from home. Even today, you can catch your favorite game from the many betting sites that now broadcast live events.
Artificial Intelligence
There is no doubt that artificial intelligence would be a great addition to the sports gaming world. AI’s ability to analyze large streaks of data can help bookmakers and players to predict outcomes.
Betting firms such as Parimatch can use this technology to help them develop more accurate odds to benefit both the company and its users. On the other hand, bettors can use artificial intelligence to place automatic bets, which can be quite profitable, especially in markets that do not have predetermined odds.
Advanced Payment Methods
The development of new and convenient payment methods is one of the driving forces behind the popularity of sports betting. As one of the most profitable industries globally, it is only fair that money should exchange hands swiftly and within the shortest time possible.
Some of the common payment methods today are E-wallets, virtual currencies, and mobile money transfers. Also, it is now easier to deposit and withdraw money from betting sites through credit cards and visa cards, among other methods. It is necessary to fully optimize betting platforms and allow users to use any of their preferred forms of payment.
Cryptocurrency
It is safe to say that the integration of secure payment methods on betting sites has had a huge impact and continues to positively impact the growth of the industry. Adopting virtual payment methods also opens another door to a large community of cryptocurrency users.
The covid-19 pandemic highlighted the need to have other modes of transacting should the cultured cash payments get banned. As the world shifts in that direction, we should expect more virtual options in the future.
Cyber Security
It is important that gamblers feel safe and secure about their money in online casinos. As technology advances, so should the measures to prevent cyber-attacks. Sports betting, being a lucrative business in the modern world, some of these platforms may likely be a target of hackers.
We should expect more hi-tech security systems to be put in place to prevent and counter any form of cyber-attacks.
Data Management
The development of mobile apps has made it possible for bookmakers to expand their operations in different countries. Therefore, the amount of information processed is quite large. As such, it is in the best interest of these companies to ensure that they have in place the right technology to handle large amounts of data.
Conclusion
Many factors have influenced people’s betting habits as the industry keeps evolving. The expansion of gaming alternatives through mobile apps attracts more people to these platforms each day.
Therefore, it is in the best interest that a firm like Parimatch has embraced new technology. This way, the user’s experiences will be enhanced while also creating a favorable market environment for the bookmakers.
