Don’t miss the latest trends, tips and tricks about what’s going on in the fiercely competitive world of sports betting ✔️Analysis ✔️Cryptocurrency ✔️Esports
Most Popular Online Betting Activity
The act of betting on sports is far from something new as it’s been around for a long, long time. Just like any other industry it has its ups and downs but over the last decade or so, sports betting has been on a steady climb.
As a matter of fact, today as many as about 26% of the world’s population admit to gambling on sports and sports betting is also the most popular online betting activity.
$144 billion by 2026
In terms of numbers, the annual increase is sitting steadily around 10% according to market research and by the year 2026, the global market size is expected to be $144 billion!
A continuous annual increase like this is far from being accidental and the global market keeps evolving. There are of course numerous reasons why sports betting remains to be as popular as it is.
We Are Witnessing New Trends
With technology making major steps each year, sports betting evolves and will follow close behind as the world opens up more and more. From perhaps having been looked at as something fun back in the day, the betting industry is now a serious business that moves a ton of money every hour of the day.
The Future of Sports Betting Is Being Shaped
Trends will always set the tone for any industry and they are as always ever changing. Sports betting is not immune to any of it and its future is being shaped as we speak. What are these trends?
1) Access to information and analytics
I would say there’s only a small minority of gamblers that are betting only based on their gut feeling these days. Everyone else is doing what they can to increase their chances of winning by taking in the incredible amount of information that is available to anyone online. That was not the case a while back.
Listen to the Experts
Today, it’s a lot easier to analyze teams and players based on their stats, standings, injuries, schedule, history, overall form and many other metrics. Not only is all the information available to you, if you don’t want to do it yourself, there are plenty of experts online that will do the job for you.
The information is pretty much unlimited and serious players spend hours or days even, making sure they bet on the right horse, excuse the pun.
Knowledge Is Everything
Making money is always more challenging than losing it, and the motive of every gambler is to make money. When it comes to sports betting, the more you know, the more success you will have. This is also the biggest difference between sports betting and playing slots.
There is no denying that having access to information and analytics via sites and apps is a major part of today’s sports betting and people are taking full advantage of it.
2) Live Betting
One of the hottest trends in the global sports betting market is live betting that has played a huge part in taking online gambling to a completely different level in 2023.
With so many sports and leagues offering live coverage, there’s rarely an issue following a game live, no matter when or where it’s being played. Thanks to live broadcasts, you can follow several games at once, even on your phone if you’re on the go.
Odds Are Constantly Being Updated
Regardless of what happens in the game, odds are being updated every minute and you can find all kinds of fun things to bet on. The sports where live betting is the most popular is football (or soccer if you will). How about placing a bet on who scores the next goal? Will there be a yellow card? How many corners during the first half?
Trust me, it’s incredible how much more exciting a game will get if you are betting live as the game is being played right in front of you.
3) Using Cryptocurrency
Sports betting isn’t the only area where crypto has had a major impact lately but there’s no denying it is gradually taking over the industry. As you know, there are a lot of crypto casinos out there today and many of them do offer sports betting.
Not only do we see crypto companies and casinos partnering with big organizations as well as major sports teams in various countries and leagues, the use of blockchain technology is the perfect solution to a seemingly secure and anonymous gambling. You can read more about crypto casinos and their sponsorships in this article.
Anonymous, Fast and Safe
Crypto gambling is extra common in countries where gambling is still illegal. It’s a way for people to stay off the authorities’ radars. However, crypto is also very popular in countries where gambling is allowed and for the same reason, faster, anonymous and safer payments.
Crypto sports betting is definitely here to stay!
4) Esports and Virtual Sports
It’s impressive how enormous the world of Esports has become. Who could’ve known that being good at video games such as Call of Duty, Counter Strike etc. would allow you to become a professional “athlete” making millions of dollars.
The fact is, these players aren’t the only ones making money because betting on them can also be very profitable and doing so is one of the hottest things in sports betting.
Both Leagues and Tournaments
Whether you prefer to bet on huge tournaments or one of the many leagues that now exists, it’s a very interesting area that isn’t going away anytime soon.
With the addition of FIFA and other games of its kind, there are a lot of options out there and we have seen an entirely new demographic of gamblers thanks to Esports.
The days of bookies are numbered and only being able to bet at other casino venues simply isn’t the way people gamble anymore. With everything being so easily accessible now you can do it all yourself at any time, any where. Either you throw down a few bets on the laptop by visiting whatever site you prefer to play at, or you just download their app.
Being able to make deposits, place bets, follow the games live, withdraw your wins right on the spot can all be done through your phone. Your time is valuable and if you can do it all with a few clicks on the phone, why wouldn’t you?
It’s getting easier and easier to bet on your favorite teams and it’s an incredible difference compared to how it once was and I’m looking forward to seeing what the industry and technology will come up with next.
Not everyone who gambles will pick up the trends at the same time. Some are leading the way while others get onboard closer towards the end, when the early adopters have already moved on to the next thing.
That’s just how trends work, regardless of industry. After all, it’s one thing to know about trends, and it’s another thing to maximize them.
By being completely different from any other type of casino gambling, any insides regarding trends, tricks and other information is the key to your success. Betting on sports means you are dependent on others (athletes) and RTP%, RNG or volatility etc has no impact on the outcome.
My suggestion is that you try and keep updated on the trends and take your sports betting to the next level.