7 Sports Bettig Trends in 2021 and Beyond.
By: Safy Motera
Tags: Sports Betting, Betting, Article Writing

7 Sports Betting Trends in 2021 and Beyond.

Do you know that sports betting has grown to be the most lucrative activity in the gambling industry? In 2020 alone,the estimated earnings from the industry were placed at 85 Billion globally. What does this mean for the industry enthusiasts? That the earnings are likely to rise in future considering the use of technology to facilitate betting procedures.

Technology has made betting more easier and convenient than before. Obviously this means that bettors can use online sportsbooks and betting sites to place bids on their favorite teams. All this at the comfort of their homes anywhere in the world.

I have put together notable trends that will empower betting market and give you a whole new betting experience. Continue reading to be informed and move with the crowd.

Emergence of Sports Gambling.

Many countries have acknowledged the role sports betting is playing in their economies. They are getting income through revenue tax paid by betting firms that are in operation. As a result, many countries that had prohibited sports betting and gambling have lifted the restrictions and encouraged betting firms to operate.

The internet has positively affected the betting industry in many ways. One being that bettors are more informed and have better betting experiences.

The evolution of various online betting review sites provide reviews and relevant information for bettors.

2. Use of Crypto in Sports Betting.

Emergence of cryptocurency technology allows bettors to deposit and withdraw money via cryptocurrencies.

The use of blockchain technology has led to the opening of convenient betting opportunities to bettors. They now enjoy the simplicity,anonymity and safety that cryptocurrencies offer.

When betting, choose the best sports betting crypto sites. This is because as a bettor, you can enjoy;

- Zero transaction fees

- Unlimited free daily transactions

3. Mobile Betting.

The use of smartphones to place bets is another booming progression in sports betting. The insight of creating sports betting applications that allow bettors to bet anywhere,anytime is a big win to the industry.

Mobile sports betting now enjoy faster connectivity speeds due to fatser mobile networks and streamlined apps.

Reports has indicated that the global market for for mobile gambling and sports betting was worth an estimated $ 79.5 billion dollars in 2020 alone.

The bettors are allowed to deposit,bet and withdraw cash at their convenience. All this is done by use of smartphones. No need to bet infront of laptops or pcs to bet.

4. Esports.

This refers to the electronic sports whereby video games and tournaments are played by professional teams and players.

This is one of the game changer in the sports and betting industry.It has attracted millions of fans watching tournaments on Youtube and Television channels.

There are numerous betting types and sub categories of esports that offer even more betting opportunities for the bettors.

When the corona pandemic hit,the sports and betting enthusiasts moved over to esports for their gambling needs.

5. Machine learning.

Although it’s in the early stages of development,Artificial Intelligence [AI] can be used for bet automation.

Here,machine learning is used to predict the outcome of sports events. The bettors use these tools in turn to place winning bets on those sports events.

6. Live betting.

Who could have thought that you can bet for a game while it’s still live? Yes, this is possible now. The technological advancements have made it easier to bet on a particular game or match live while it’s still ongoing.

This gives bettors an opportunity to place additional bets if they realize an imminent match is almost starting.

The bettors can follow the match live and place bets on the same app or site. This has become so popular that most top sportsbooks now offer numerous live betting matches daily.

7.Last minute betting.

Some gamblers have embraced this trend religiously. They believe that placing bets the last minute is the sure way to strike a win.

They make significant profits by holding out on placing a bet until the last moments of the match.

Betway is a betting company that is known for offering highest odds for the last minute bets. Thereby enticing the bettors who prefer it that way.

Conclusion

Its no doubt that technology has led to a significant change in the sports and betting industry. There are still more advanced sports trends to evolve due to continued technological advancement.

More advanced betting experience to bettors in terms of excitement,action and betting opportunities is what makes the industry great.

Hence the future of online sports betting is bright especially if the key players are willing to adapt to the technological advancements fast.

The future for sports betting industry is already here.