The global Sports betting industry continues to rise around the world without any sign of slowing down. According to gambling industry analysts, what continues to dominates the online sports betting market is technology. Today, we go over the Most Popular Sports Betting Trends and how they make sports gambling even more profitable.
Thanks to that, some bookmakers who have become online sportsbooks are now among the top gambling companies in the world. Furthermore, legal sports betting offers the potential for tech startups to expand their businesses into a multi-billion-dollar market. However, before they that can happen, gambling operators need to properly identify sports gambling trends.
The Hottest Sports Betting Trends and Gambling Options
The sports wagering market has seen many changes in the past few years. For example, Google now permits real-money gambling and betting apps on its Play Store in the 16 countries. However, this is just the start as more sports betting platform are developing more gambling options for players.
Micro Betting – Also known as live betting or in-play betting brings gambling on a totally different level. This is because instead of wagering on the winning team, gamblers are able to bet on different types of events. The best part is that the wagering takes place as the event unfolds. Thus, it makes the engagement between bettors and the game much more exciting.
eSports Betting – According to sports news, the eSports betting market will be worth $20.7 billion by 2027. 10 years ago, no one thought it would get so big but that is far from the truth. Thanks to faster internet speed and streaming technology, new group of people are joining the ranks of sports gamblers.
Live Streaming and Betting – More online sportsbooks are beginning to live stream a game at the same time players place their bets. This is done to increase player engagement by providing up-to-date betting information. For sportsbooks, increasing fan engagement results in more bets, leading to growth in customer loyalty and revenue.
Prop bets – Prop bets have been around for a very long time. However, it is just now starting to gain momentum around the world. For example, Korean sportsbooks are seeing an increase in prop betting options online. In turn, this has led to an increase in wagers coming from South Korea.