Ultra-Modern Betting Options and Trends to be Explored in 2022

Ultra-Modern Betting Options and Trends
In the past couple of decades, the industry of sports betting has witnessed a meteoric rise and is continually creating new opportunities for entrepreneurs to invest and prosper in the lucrative betting world . With the technological innovations and growing affinity of people towards betting, this industry will undoubtedly achieve great heights of success in the near future. The continual upgrades and add-ons in the trends of the sports betting industry is empowering this market and making it relatively more high-tech and prone to success and growth in upcoming years. Whether it’s about integration of cutting-edge technologies or enhancing the count of punters, a myriad of factors perfectly convey why this industry is catching the attention of the entire world and luring investors worldwide.
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Sports Betting Market Overview

Sports Betting Market Overview
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Challenges Faced by Sports Betting Industry

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COVID-19 has Caused Severe Impact on Sports Betting Industry

As we are already aware about the scenario of the world in the past, we have visualized the adverse effects of COVID-19 pandemic worldwide. It has affected almost every industry including sports betting world. For revenue recovery and enhancement, sports betting business need to inculcate something exclusive and enticing for their users. Including aforementioned trending and unique betting types in their sports betting business model can entice punters towards their platform. The exclusive bet types such as weather betting, celebrity betting, etc can catch bettor’s attention in a significant manner.

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Punters Demand Exclusive Betting Types that is Beyond Traditional Betting Options

Nowadays, everyone desires something exclusive that differs from the traditional and default options that they have been seeing since ages. Punters demand unique betting options where they have multiple layers to explore and enjoy. Along with betting on traditional sports like Football, Basketball, Baseball, Hockey, Soccer, etc, they want to try their luck and skills over something out-of-the-box and trending. Modern betting options such as entertainment betting, weather betting, novelty betting, etc are some of those choices that can fulfill the demands of punters belonging to today’s world.

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Modern Betting Avenues

Modern Betting Avenues

Esports Betting Software

Esports betting is an entirely exclusive yet exciting betting concept. The bettors can now place bets not only on traditional sports like Football and Hockey but can also try their luck on esports like Call of Duty, League of Legends, Fortnite, DOTA 2 and much more. Esports always appear enticing for the gamers and if they will get a chance to place bets on their favorite esports leagues, it will surely be a happening thing for them. Esports betting not only excites the users but also appears as a new revenue generation stream for the businesses. Getting the feel of the favorite esports game along with the ultra-modern betting features is the most desirable concept for every iGaming enthusiast.

TV & Novelty Betting

TV and novelty betting are also sub branches of entertainment betting that work in the similar way as sports betting. For example, if a bettor is fond of any TV reality show and desires to back any particular contestant , he/she can do it the same way he does it for any player of a Premier League. Multiple novelty markets are covered in TV and novelty betting including:-

  • Eurovision
  • Soap Operas
  • TV Talent Shows
  • Award Ceremonies
  • Popular Sports Personality
  • and much more

Weather Betting

If you get to hear that you can not only place bets on the traditional sports like Basketball and Football but can also showcase your prediction skills by betting on the weather of your city, wouldn’t it be exciting for you? Of course, it will be ! Though it will sound crazy and imaginary but it is actually possible. The concept of weather betting is entirely new and exciting for the punters. They can place bets on rain, storms, temperature, snow, etc, just the same way they bet on different major sports. Bettors can place bets on the predicted city temperatures by predicting whether it will be a high temperature, low temperature or a rainy day for their city. Betting on forecasts is entirely enticing for the bettors and thus catches the attention of an array of punters. Betting options supported in online weather betting software include:-

  • Live Weather
  • Temperature Lines
  • Precipitation Lines
  • Seasonal Weather Lines
  • Etc

Political Betting

Political betting is quite an exciting betting form for the audience that has affinity in politics and its related news. Punters get the chance to place bets on the political outcomes and earn money. Political betting is a branch of entertainment betting that always seems enticing and unique for the bettors. There are mainly two ways of political betting:-

  • Prediction Markets
  • Online Sportsbooks Software

Virtual Sports Betting

Virtual sports betting involves placing bets on virtual sports including virtual Football, virtual Basketball, etc and their outcomes are calculated on the basis of a computer algorithm which follows an unbiased way of choosing a winner. Virtual sports are integrated in betting platforms in such a way that it gives a perfect touch of realism to the punters. Virtual sports betting has turned out to be a trending and on-demand betting option that engages a myriad of punters worldwide.

Celebrity Betting

Celebrity betting is quite an interesting category of betting whose markets revolve around the special circumstances associated with different celebrities. Most of the time, punters seek something enticing and thrilling that is different from regular monotonous betting and celebrity betting proves to be one such exclusive bet type. Punters find it interesting and unique to bet on scenarios like a celebrity getting arrested or married. Celebrity betting is a kind of entertainment betting and possesses multiple interesting and tricky betting markets.

Addition of Exciting Sports Options for Betting

Along with traditional sports including Football, Basketball, Baseball, Hockey and many more, the punters can now place bets on exclusive sports categories including:-

  • Chess
  • Sumo
  • Netball
  • Hurling, etc.

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VR and AR in Betting

Virtual reality and augmented reality have already caught the attention of the entire world. Integration of VR and AR in sports betting can boost up the excitement index of the platforms to an unimaginable height. VR and AR can bring more realism to the sports betting platform by offering the punters exact feel of placing bets on their desired sports. VR and AR have already popped up in mobile gaming applications and have earned great attention. Including them in the sports betting niche will be a great engaging factor for the industry. Though VR requires additional equipment, AR is conveniently accessible through different smartphones.

Betting Automation

With the technological advancements, almost every industry has turned its wheel from manual towards automation & sports betting industry is no exception. Sports betting has also become automated with the commencement of new ventures like trading bots. The sports betting platforms are getting integrated with multiple features involving automation. Betting automation is nothing but computerised betting that comes with pre-defined rules for automatic placement of bets.
For example,
A punter creates a rule saying: when WOM of horse gets more than 80%, automatically place back bet as per current trading price.

Blockchain Integration

Integration of Blockchain in sports betting platforms can hike the performance level of these platforms to a significant extent. The immutable nature of blockchain brings transparency and security to the betting operations. Blockchain eradicates the issue of data integrity in the betting platform as it decentralizes the data which means the bettors need not rely upon any centralized party for wagering. The chain involving data providers, operators, agents, etc gets shortened as blockchain integration decentralizes the data, making it publicly shared thereby reducing the possibilities of illicit tampering and streamlining the entire process flow.

Big Data Involvement for Sports Analytics

Big data is quickly entering the sports betting world and most of the bettors have commenced developing prediction models for taking crucial betting decisions. Sports analytics always play a crucial role in the sports betting market and the contribution of Big Data in analytics is undoubtedly adding value to it. As we all know, the task of sports analysis is always taken care of by sports professionals, operators and mindful punters for a long time. But as the size and scale of the market has not remained the same and is continually enlarging thus something extraordinary like Big Data analytics is demanded to make the analysis process more aligned and precise. Big Data sports analytics models give attention to every granular detail including player’s movements, scoring history, etc thereby offering clear and reliable data. Along with text, it can also analyse videos and pictures thereby offering an improved sports analytics for the punters.

Crypto-based Betting

Crypto based betting enables the punters to carry out betting transactions via cryptocurrencies including Bitcoin, Ripples, Ether and many more. Cryptocurrency support in the betting platforms makes it convenient for the bettors to make payments in their desired digital currencies without staying worried about the security concerns. Crypto-based platforms help the sports betting businesses to engage more audience towards the platform as punters firstly look for a flexible and easy-going payment option in the sports betting software.

Online Casinos Integration in Sports Betting Platform

Nowadays, sports betting enthusiasts desire to explore new and innovative layers in the sports betting platforms. Thus integrating online casino software solutions in sports betting platforms entices more users and keeps them engaged for longer duration. Along with placing bets on their favorite sports or leagues, users can also get to play their desired online casino games such as Poker, Slot games, Blackjack, Bingo and many more.

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GammaStack : A Renowned Sports Betting Software Provider

If you desire to enhance your existing sports betting platform with such trending and engaging betting types or want a betting platform integrated with exciting betting options, then GammaStack can be your one-stop destination. We offer a top of the line and engaging sports betting platform that is integrated with all the high-end features and multiple enticing and exclusive bet types that can take your betting business to desired heights of success and prosperity.

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FAQs

Which are the latest trends in the sports betting industry?

Some of the latest trends in the sports betting industry include AR/VR Integration, online casinos integration, blockchain integration and many more.

Which are the popular markets for the industry of sports betting?

Some of the popular markets for the industry of sports betting include US, China, UK, Australia and many more.

What is the expected growth of the sports betting industry in upcoming years?

Sports betting market will expectedly reach $106.25 USD in the upcoming years of 2021-25 with 9.7% CAGR.

Which are the latest betting types or betting avenues?

Latest betting types include esports betting, weather betting, virtual sports betting, etc.

Which is the most popular sports betting software provider in the industry?

GammaStack is one of the most popular sports betting software providers in the industry which offers a futuristic sports betting platform.

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