If we look at the world today and how rapid the growth in technology has been in the last 10 years, one can only imagine what another 10 years will do to technology and online sports betting. So what will online sports betting look like in future? We have a look at a few predictions:
1. Online Sports Betting will use more Big Data
Data and statistics have been around since the beginning of time. It is only recently however that we’ve been able to collate this information correctly and use it to our advantage. Data scientists at companies such as Google and Microsoft have devised methods to accurately predict winners of the Soccer World Cup 2014. Google accurately called 14 of the 16 final matches and Microsoft correctly predicted the winning team in 15 of the 16 final matches. So how did they do this? Through the use of Big Data, that is using numbers from all the past games and player performances to accurately predict the outcome of that exact combination of players and teams. Needless to say that with such accurate predictions, online sports betting will be more popular than ever for punters but not nearly as lucrative for bookies.
2. Online Sports Betting will use Virtual Reality
If you have been lucky enough to test out the new Oculus Rift then you will know that virtual reality is right on our doorstep. This technology will more than likely filter through to online sports betting where for example you can actually “go” to the Ascot Horse races and place a bet at one of the kiosks just before the live race kicks off. This seamless integration of reality and technology will more than likely become more and more common and in essence the future of online sports betting.
3. Online Sports Betting Legalities
Online sports betting is legal in South Africa and there are many reputable online sports betting institutions to place your bets with. Read Legal Online Sports Betting in South Africa. There are however other countries that continue to fight the sports betting and online sports betting industries. In the US for example sports betting prohibition has created what many consider the world’s largest black market for sports betting. While nearly $4 billion is bet on sports legally in Las Vegas yearly, an estimated $80 billion to $380 billion is gambled illegally through overseas online betting houses, office pools and backstreet bookmakers. Perhaps in future these laws will become more relaxed and the profits and taxes of a legal online sports betting industry can be can be put to good use rather than spending millions on prohibiting it.
4. Online Sports Betting and Mobile
As mentioned above, online sports betting is legal in South Africa and a growing industry. According to WebAfrica, in 2015, 40.9% of households have at least one member that has access to the Internet but only 10% of these households have Internet access at home. That means that 30% of the people who go online do it either at work (16%), school/university (5.1%) or at an Internet cafe (9.6%). Due to the lack of resources and technology 30.8% of South African households use mobile devices to access the Internet as cellphones offer more access for rural households. Online sports betting will more than likely take place increasingly on mobile devices in South Africa and Africa. Responsive online betting websites and easily navigable mobi-sites are therefore of paramount importance now and in the future, especially in South Africa.
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