Since the Supreme Court’s 2018 ruling, dozens of states have legalized sports Free Sportsbook Bet. This growth is creating a gold rush-like opportunity for businesses across a range of sectors.
Sport betting’s future appears bright, but it also presents challenges. These include the rise of new betting models and platforms.
1. Micro-betting
Micro-betting is a form of sports betting that allows bettors to place wagers on various in-game events. These micro wagers tend to be more in-depth than traditional prop bets and settle much faster.
Micro-betting has become increasingly popular with fans who want a closer look at the game and make informed decisions. Unfortunately, micro-betting has also attracted the attention of match-fixers who use this form of betting to manipulate smaller elements of an event in order to influence its outcome.
This trend is expected to persist and become even more prevalent as more operators incorporate micro markets into their marketing initiatives. Furthermore, it will spur incremental activity at higher margins, ensuring the industry can remain buoyant.
2. eSports
Electronic Sports (eSports) have become a worldwide sensation and are generating billions of dollars in revenue.
eSports differ from traditional sports in that there are no official regulations and it operates without a central government or regulatory body to set standards. Nonetheless, eSports events draw millions of viewers around the globe.
Sponsoring and branding opportunities exist in eSports, particularly where it is popular. Major media networks broadcast events related to eSports, while traditional sports leagues are adding tournaments and leagues to their schedules.
The eSports industry is expected to experience exponential growth in popularity and revenue over the next several years, with predictions that by 2021 it will reach a value of $1 billion. This forecast comes from several factors.
3. In-game betting
In-game betting is the practice of placing bets on sports while a game is in progress. It’s more sophisticated than pregame betting, since odds are adjusted in real time.
Trends are essential elements of in-game betting, as they can help you spot potential winning opportunities and predict how a game will unfold – which can be invaluable if you’re trying to avoid losses.
However, trends should never be used blindly. Instead, they should be studied over a larger sample size to more accurately reflect a team’s long-term success.
4. Live streaming
Live streaming is one of the most popular methods for sharing content online. It can be an excellent way to engage your viewers and increase the effectiveness of your marketing initiatives.
Aside from that, it can also be an invaluable tool for business owners to get a better understanding of their customers’ needs and wants. It’s an ideal way to establish personal connections and foster trust and credibility with them.
Although it’s too soon to tell if live streaming will become a viable revenue stream for sportsbooks, it is clear that it is an integral part of sports betting’s future. And with recent legislative changes in US sports betting, businesses looking to take advantage of this new revenue model have an excellent opportunity ahead.
5. Virtual reality
Virtual reality, also referred to as VR, is a technology that gives users the illusion of being in another environment. It has applications across many industries such as gaming, education and healthcare.
VR is an immersive technology comprised of hardware and software that creates realistic experiences. It combines sensory stimulation (sound, touch, smell) with virtual rendering to fool the eye and brain into believing it’s real.
Ivan Sutherland and Bob Sproull created the first virtual reality prototype in 1968. Although crude, it generated a world that looked realistic. Nowadays, VR technology is used across various fields and has become more realistic than ever before. Industries are using it to train new recruits, enhance online shopping experiences and prepare employees for difficult workplace scenarios.
