Wagering on sports has existed since the sports themselves. People like to bet on games or their favorite teams whenever they have an opportunity to do so. An entire iGaming industry was built based on that alone.
Speaking of the iGaming industry, it has grown and evolved quite a lot in the last few years and it’s all thanks to modern technology that powers it. Today, features such as free bets available to punters wouldn’t even exist without technology. Many other features, for that matter, wouldn’t be possible if the online sportsbooks haven’t adapted modern tech.
Sports fans all over the world are able to enjoy their betting experience and they don’t even notice how big of an impact technology has had on that very experience. With that in mind, let’s have a look at the technology that transformed online sports betting.
Mobile network
Every new generation of mobile network brings something new to the online sports betting table. Back in the day the 4G (Fourth Generation) mobile network made many of the features available only on computers possible on mobile devices, such as smartphones and tablets.
Today we enter the age of the 5G mobile network that will transform online sports betting as we know it. A good example is support up to gigabit download speed as compared to the current 20 Mb/s in 4G, as well as a single millisecond latency compared to 10 to 20 ms latency in 4G. Sports betting features, such as live betting will become even more seamless than ever before.
Mobile apps
Another example of technology that has revolutionized online sports betting is mobile apps. Punters all over the world can download apps from their favorite sportsbook and use them whenever and wherever they want.
In-app experience has transformed sports betting as it’s properly adjusted to suit the users’ needs. Moreover, in-app experience provides countless features, such as 24/7 information coverage, push notifications, exceptional deals and so on that websites simply cannot. It’s a whole new level of convenience for bettors as mobile apps enable them to customize and personalize their betting experience.
Online payment methods
Nowadays, most online bookmakers have multiple payment options available to their customers. These features wouldn’t be possible if it wasn’t for modern technology. Payment options, such as credit or debit card payments, as well as bank transfer are no longer the only options bettors can opt for.
As a matter of fact, you can now choose your preferred payment method ranging from online payment systems, such as PayPal, for instance, all the way to eWallets where bettors can make deposits and withdrawals using digital assets, such as cryptocurrencies.
These new payment options offer lower or nonexistent transaction fees, faster transaction times and much more. Convenience such as this can rarely be found in land-based sports betting establishments.
Closing words
Modern technology is known for revolutionizing how most industries operate these days. The iGaming industry is no exception as it uses modern tech to reshape customer experience as we know it. Even technology such as augmented and virtual realities can commonly be found in online casinos and sportsbooks. That being said, online sports betting will continue to evolve alongside modern technology.