Betting on sports matches is one of the most interesting elements of gambling, without any doubt. It can be said that the connection between sports and gambling produces something that has the best of both of these two elements. So, it shouldn’t come as a surprise that so many people really love this whole concept. Many people found this connection interesting due to the fact that they are able to make a buck off their knowledge about certain sports, most notably basketball, tennis, football, etc. As we all know, watching sports matches was completely different from what we are able to do now.
Furthermore, we can see that the whole idea behind betting was widely different from these new trends we have in this day and age. Plus, some trends are emerging and we can see that they will play a pivotal role in the future of sports betting. Just take a look at online casinos that provide their players with an opportunity to bet on sports matches. For example, take a look at betsonhand.com/hr. With that said, let us talk about some of the ways and trends that will have a massive role in the future of sports betting in the next 5 years. Without further ado, let’s get started.
Lottery Games
As we all know, lottery games are pure games of luck and there’s no need for any kind of skills when participating in these. When you take a look at the status of lottery games in many different countries, you will see that lotteries have a pretty big tradition. The reason is that many countries organize national lottery and a high percent of the population participates in these games. So, it’s not a surprise to see that many lottery games are now popular on online casinos.
What does this have to do with sports betting, you ask? Well, we can see that there’s mounting attention in applying mechanics used for these games to sporting betting. The reason is that it facilitates the acquisition and it has a much lower-lift from a customer perspective. Due to the rising interest in this concept, we can see that the further adopting of this approach will have to be much higher in the future.
eSports Betting
eSports is a concept that’s getting pretty massive. When you take a look at the present statistics, you will see that this industry generates roughly $15 billion every year. So, there’s no room for a surprise on the fact that so many online casinos and betting sites have decided to adopt eSports and provide their players with a chance to bet on some of these games. The most popular games are Dota 2 and Counter-Strike: Global Offensive.
These two games had a major influence on the skyrocketing effect on the growth of eSports and gaming. Many people make the mistake of thinking that the younger generation is the only one who’s interested in this industry. Instead, we can see that the older generation represents a pretty high percentage of people who participate in eSports. So, we can see that this is one of the biggest reasons why so many gambling sites have decided to adopt eSports into their offer.
Micro Betting
One of the most interesting trends we now have the pleasure of seeing is micro betting. What many people don’t know is that micro betting is made possible due to the concept of machine learning. What does micro betting mean? Basically, it means the wagering on a brief-duration occasion that will not be hard to follow by bettors.
While there are many bettors who will be interested in watching the whole game and betting on the final result of the game, we can see that there are those who are interested in focusing just on smaller elements of the match. For example, the number of points a certain player will score. Naturally, this is something that we have now. However, we can see that it will become much more popular in the future.
Further Legalization
One of the strangest things we can see in sports betting is that it’s illegal in many different countries. As you can imagine, this status is directly correlated with the fact that some countries prohibit any kind of gambling activity. The US is one of the countries that have these limitations. But we can see that there are some movements towards the relaxation of these limitations. Some states have stated that they are working on the liberalization of these laws, therefore, we can expect that to happen pretty soon.
Besides the US, there are some countries in the world that still consider any kind of gambling illegal. Some of them have announced that they will completely legalize it in the next couple of years. The sports betting trend has started in Europe and we can see that it spread all over the world. So, we can expect the next five years will surprise us with the fact that many different countries have legalized sports betting.
Free-to-Peer (F2P)
Free-to-Play tournaments and games are those that will not require any amount of money for the signup or for the entrance. Since collecting all the needed licenses can be pretty hard in some cases, there are many sites that decided to use the F2P approach. The same can be said about many different startups. We can see that this concept is especially popular in the US since mobile gambling or wagering is not permitted.
The sites who’ve chosen to start the F2P approach will reach the level when they can operate on the level they want to. How will they do that? Well, they will use F2P to build their user base. When a certain number of users is in their base, they will have the chance to take a look at some of the ways they can monetize themselves. This change is called F2P to RMG, which is short for real money gambling. Surely, this approach will get much more followers in the future.