Sports Look

Technology has changed how we enjoy sports, and the same is true for sports betting. New technologies are constantly emerging, offering greater betting opportunities than ever before. Many of these technologies allow you to wager on your favorite games without leaving the comfort of your home.

Cryptocurrencies and Mobile networks have made it possible to bet on games from anywhere. Despite the recent changes, the traditional way of betting on sports remains the same. Read on to learn about some of these new technologies in sports betting.

Mobile network

A stable internet connection is essential when comes to sports betting. And the mobile network is today more reliable and fast than ever. A great example is the 5G network. It uses a millimeter waves frequency to transmit data faster, with better response times and higher throughput. In practice, these features will be reflected, among other things, in the fact that more users and devices can be actively connected in a given area at the same time. If in the case of 4G it was around 4 000, in the case of 5G it can be up to 1 million active devices at the same time.

Currently, approximately 70% of mobile sports bets in the U.K. and the U.S. are placed after the game has started. However, while many other sports have focused on the team’s performance during the game, U.S. sports have become prime candidates for in-game betting. Football and baseball, for example, are not as free flowing as soccer or tennis, but every kickoff, drive, and at-bat of an outcome. That means that mobile networks should offer low-latency and high-speed connectivity to support live betting.

Mobile apps

Mobile apps are a great way to play sports betting while on the go, but they do come with some important drawbacks. Primarily, they can eat into your data allowance. Therefore, you should consider your data usage before making a deposit. Mobile betting apps are available for both Android and iOS devices, but they have very similar looks. Read on to learn more about the advantages of sports betting mobile apps. Here are some tips to help you choose the right one.

It is important to remember that not all sports betting brands are created equal. While all betting brands have different mobile apps, there are some key differences in their features and customer service. Mobile betting is not for beginners – new users may find it difficult to navigate the various options. To make things simpler, choose apps with a simple, clean layout. This makes it easier for new users to find the sports they want to bet on.

Cryptocurrencies

With a little government intervention, you can use cryptocurrencies to make online sports betting transactions. Cryptocurrencies are decentralized, which makes them the most secure currency available. Besides, they are cheap and faster than conventional currencies. There are also other benefits to using cryptocurrencies in sports betting, including the ability to bet from any location. That is why cryptocurrencies and blockchain technology are heavily adapted also by bitcoin casinos and not only bookmakers.

The main drawback of cryptocurrency sports betting is the lack of regulation. As of yet, there is no gambling commission to oversee these transactions. Another disadvantage of cryptocurrencies is their price volatility, which can range from very low levels to explosive highs. Additionally, you may have difficulty cancelling your transaction if you do not wish to. You cannot use chargebacks, which can make it difficult to get your money back.

New payment methods

There are many new payment methods in sports betting available. For new users, obtaining a digital wallet can be a complex process. Still, it is one of the most reliable payment methods available for sports betting. Another advantage of e-wallets is their ease of use. Many e-wallet apps allow you to purchase prepaid load or mobile data without having to visit a store and worry about availability. Using your e-wallet will also ensure that you always have access to the money you need and enjoy a range of benefits, including discounts and greater budget flexibility.

Unlike traditional banking methods, w-wallets have changed the sports betting industry. With the rise of data theft and fraud, gamblers are becoming increasingly hesitant about providing bank account information to online sports betting sites. For this reason, it is vital to select sports betting site that accepts a safe payment method.

While fan-girls hold the honor of being the most stereotyped, no fan-base can even come close to the fanatic energy of sports fans and seeing the impact that sports have on the economy; we can safely assume that a major part of the global economy belongs to sports alone. Did you know that according to a 2019 report, the sports world rakes in around $200 billion per year from betting and lotteries alone? But some events inspire more anticipation than others and draw in more fans, who lead to a bigger betting pool, which is, at this point, as anticipated an event as the match itself. So out of curiosity, and perhaps to ascertain whether bettors are investing in the right events or not, let’s take a look at the biggest sports events for betting in the whole world.

1. FIFA World Cup

Holding the title of being the biggest, most anticipated sports event in the world for a singular sport, the FIFA world cup captivates all. Being the source of much energy throughout the globe, the FIFA world cup drew in 3.572 billion watchers across 64 matches in 2018. According to FIFA themselves, big money was thrown into the betting pool, with $7.2 billion being invested in the final match, bringing the overall accumulation to a grand sum of $136 billion. That’s right, folks, $136 billion from a single event. If you’re looking to invest some big bucks in the event of this magnitude, you better use the bet calculator at BookiesReviews and buckle up because this won’t be an easy wave to coast, especially since once the 2022 Men’s cup comes around, the majority of Americans will be allowed to bet on it legally. So expect a tsunami of fans this time around.

2. Cricket World Cup

While not being as well-loved in the USA, cricket is the sweetheart of sports lovers. India, Pakistan, New Zealand, and Australia host hundreds of millions of cricket fans just between themselves. Once you consider the rest of the world and the countries whose teams participate in cricket, you have yourself an army to rival the might of the Spartans. And so, it comes as a surprise to absolutely no one that the biggest event in the world of cricket, the Cricket World Cup, drew in 1.6 billion viewers in 2019 alone. Besides the world cup, other events that whip the masses into a frenzy are the ICC Champions Trophy, IPL, and even PSL.

3. Super Bowl

If you haven’t heard of this event until now, consider yourself sheltered. No, the Super Bowl has nothing to do with bowls, noodles, soup, or anything of the ilk. It is quite simply the biggest event for football in the world. According to the American Gaming situation, the 2020 game between the Kansas City Chiefs and San Francisco 49ers alone drew $7 billion in bets. The reason for the high sum in bets doesn’t lie in sports alone, though. All bets are on when it comes to who’s going to do what on the halftime show, the national anthem, the coin toss, and other such events that are just part of the Super Bowl and draw in bettors who aren’t even sports fans. Yes, the Super Bowl is that powerful.

4. NBA Finals

Basketball being one of the fastest-growing sports in the world, it’s truly no surprise that it draws so much in bets. The thrill, the craze, the risk, the chase, isn’t that all bettors are looking for? And when they find it in one place, why would they even want to stay away? Though the official overall numbers are murky due to most bets being made at illegal offshore books, in Nevada alone, bettors are known to risk $10 million on a single game. If that’s just Nevada, then who knows how humongous the actual amount is?

5. The Grand National

“Finally! A sport for the nobles!” 

If that’s what comes to your mind once you hear of this horse racing event, then you’re dead wrong. It is reported that the Grand National draws in 500-600 million viewers from across 120 countries, and if you think all these people belong to the upper classes, then you might want to rethink your worldview. This event is a darling of the global public. Although this might not be the most popular sport or sporting event globally, the 2017 Grand National Event pulled in $400 million, making it a goldmine for bettors looking to invest in the future. 

6. Kentucky Derby

Yes, yet another horse racing event, and quite like the other, this one has earned its place. The Kentucky Derby draws in viewers from all across the globe and lures them into spending their money on bets for the winner. And caught up in a frenzy and pushed on by adrenaline, they do. It is reported that around $250 million were bet on the event in 2019. With the help of online betting, the event just keeps on growing.

So where does that leave bettors? Well, the overall number of viewers who watch these events every year is mind-blowing. And according to surveys, it appears that there are more fans than ever before. We’re not sure if members of society are just getting more aware or if the internet and social media have altered our lives’ perception of entertainment and sports. But whatever it is, something has changed that makes these events as desirable and eye-catching as they need to be for us to even notice them, but rest assured: we’re not complaining.