Gambling has been around for a long time, dating back centuries. It is the main way for people to participate in an event without actually competing. As far back as ancient Greece, supporters would place bets on their favourite fighters during tournaments. This shows that as long as sports events are held, betting will always have a place. However, to maintain player interest, the gambling industry must continuously evolve and expand
Driving the sports betting sector is its ability to change. Advancements in this sector are happening at a fast rate. Currently, the industry is at a stage where all betting activities are done online. This is an upgrade from betting in traditional casinos, where players have to be physically present. 20bet Greece, an online gambling platform offers players all the betting features they’ve enjoyed in land-based establishments. So, if bettors wanted to wager on two Greek Olympians fighting in this current era, they probably could, using the bookmaker.
New Technologies in the Sports Betting Sector
The future of the online betting industry will be heavily shaped by these new innovations. Their purpose is to improve the comfort of bettors and also boost their profit margins. Three innovations making waves in the sector that have positively affected players include.
1. Mobile Apps
The introduction of mobile Apps into the online betting sector has been extremely positive. Through mobile apps, bettors can gamble on the go, logging into their bet account without any delay. It is an alternative to betting using the bookmaker’s official website. Many bookmakers now have a dedicated mobile app for players who prefer apps to the version.
Furthermore, these apps are also compatible with various operating systems. They are configured for both IOS and Android devices. Each OS version offers the same level of gaming experience, as they both feature quality graphics, a high refresh rate and many more. To start using the bookmaker’s app, follow the 20bet app download instructions.
2. Cryptocurrencies
Online gambling platforms are now harnessing the power of blockchain technology for their payments. Therefore, many players are making the transition from fiat to cryptocurrencies. The growth of cryptocurrencies in the industry has been rapid. In only a couple of years, it has become one of the most sought-after means of payment by young players.
Quality bookmakers in the industry have made cryptocurrencies a staple option in its payment section. It is secure, fast, and also anonymous, making it a suitable choice for payment. Players have different coin options in their wallets, so meeting the demands of all is difficult. Despite the cryptocurrency industry being large, bookmakers have been able to provide key coin options for payment. Some of the top coins available for online payment include,
- Bitcoin,
- Ethereum,
- Litecoin, and
- Dogecoin.
3. Gaming Licence
Licensing in the gambling industry has been around for a while, but new developments have arisen. The introduction of online gambling platforms has brought about a new set of conditions as regards licensing. Players will feel at home and confident when gambling on a licensed bookmaker. This is because they know they will be protected and their personal details locked away. Licensing online bookmakers is for the protection of players, and it ensures that they follow strict betting laws. These laws vary by country and also region. Different jurisdictions have their own governing bodies on gambling.
Technological growth signifies the need for online bookmakers to secure their sites. These bookmakers must take extra measures to secure transactions. They must employ safety protocols that meet industry standards. Any bookmaker not operating high-grade security measures, won’t attract a quality licence provider. Licensing authorities function as an overwatch. Their role is to ensure that these bookmakers adhere to tight security protocols. They also have other roles that are incredibly beneficial to players, such as
- Regular auditing of RNG systems and games.
- Ensures betting platforms prioritise responsible gambling practices.
- Requiring operators to comply with Anti Money Laundering (AML) and Know Your Customer (KYC) regulations.
- Ensures bookmakers provide players with the necessary resources to curtail their gambling habits.
