We’ve come a long way since the days of betting by mail and telephone. The internet changed everything, making sports betting accessible to most people. Today, you can wager on NFL betting lines from the comfort of your home.
But as the telecommunication industry continues to evolve, it’s once again changing the sports betting landscape. In this article, we will look at how telecommunication trends are changing the betting industry.
5G’s Unbeatable Speeds
The 5G revolution has been god-sent for in-play bettors. When betting on live events, you must be able to place bets quickly. And thanks to 5G’s extremely fast speeds, sports bettors can reliably place their bets before the odds are locked. 5G also offers incredibly low latency, allowing punters to get real-time updates and make informed wagers.
The Shift to Mobile-First
The shift to a mobile-first approach has seen the rise of smartphone betting apps. This has enabled betting companies to reach their customers where they’re most likely to be found. It has also allowed bettors to wager on the move, taking accessibility to a new level.
But for smartphone betting apps to pick up, they needed to be fast. The improving telecommunications landscape has ensured mobile betting apps load quickly and are reliable in most regions.
Compared to websites, mobile apps are more convenient and are more intuitive to use for most punters. And that’s not all. Mobile betting apps have also allowed sportsbooks to reduce costs by engaging with punters through push notifications.
Lag-Free Live Streaming
Many punters rely on live streaming when wagering, whether on an NFL game or a horse racing event. As a result, many betting platforms now offer live streams, helping users place informed bets on sports events they know little about. With today's internet speeds, users can follow the action in real-time and in high definition without buffering issues.
Virtual and Augmented Reality
Virtual and augmented reality are transforming the way punters interact with sportsbooks. With a VR headset, you can capture the energy of a game as if you were in the stadium from your living room. By drawing into the dynamics of the game when placing bets, punters can make better picks and increase their likelihood of winning.
AR, on the other hand, offers real-time data overlays while watching games. It provides bettors valuable statistics like H2H or passing yards for your team’s quarterback. This can save you valuable research time when placing bets.
Improved Security and Confidentiality
Sportsbooks handle sensitive information, from user identities to payment details and betting histories. As a result, they must put in place robust data safety measures and adhere to data protection regulations.
Today, sportsbooks can tap into more robust encryption protocols to protect personal and financial information to ensure confidentiality. On top of that, sportsbooks and customers have more options for preventing unauthorized access, such as Two Factor Authentication (2FA).
Live Customer Support
Customer support is one area where sportsbooks have greatly improved in recent years. Bettors can now access real-time customer support via live chat or VoIP calls. And with most wary of operators with poor customer support, this has helped sportsbooks retain customers and increase revenue.
Global Access
As long as sports gambling is legal, you can barely find a region without access to online sports betting. Thanks to the global reach of modern telecommunication technologies, punters can now place in-play bets on never-heard-of teams from obscure leagues halfway across the world. On top of that, technologies like Virtual Private Networks(VPNs) allow bettors to circumvent IP blocking and access their favorite sportsbooks when traveling abroad.
