Bettings predictions of the future

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Sports bettors are placing a greater importance on the odds they bet with, the amount they can bet and are also putting more thought into how they can beat the bookmaker than ever before. What started with horse racing soon spread to other sports such as soccer and tennis. Bookmakers then moved from trackside or outside stadiums and into betting shops before the Internet burst onto the scene and online betting begun to take off in the late 20th century.

Since Pinnacle was founded in , countless bookmakers have launched around the world. Now you can bet on pretty much any sporting event across various competitive levels and in numerous different formats. While the mechanics of sports betting have changed considerably over time, so has the way people approach the process of placing a bet.

It is those that have adapted and spotted an opportunity quicker than anyone else that have been the beneficiaries of the fact that betting is constantly evolving. Where is sports betting now? The industry might be a competitive place for bookmakers, but the betting market itself is also incredibly crowded and full of people trying to achieve the same goal - the Wisdom of the Crowd principle tells us that this a good thing for bookmakers as it makes the challenge even more difficult for bettors.

It is now harder to make a consistent profit from sports betting than it has ever been. Not least because once you figure out a way to do it, you will most likely be restricted or have your account closed. Instead of continuing to develop in terms of the quality of odds on offer, most bookmakers are investing in other areas of business. Read: How much is a free bet really worth? In recent years there has been a shift within the sports betting community and customers are becoming more knowledgeable about the kind of service they receive.

There is a wealth of data available to help bettors make more informed decisions, as well as ample resources that can help them become more educated about betting and exactly what it takes to succeed in the long term. What does the future have in store? The point of this article is not to predict exactly what will happen in future and how that can be used to get an edge over the bookmaker.

Instead, it is to encourage people to consider how things might change and to not get caught playing catch up - if the bookmaker is forced to play catch up then it is the bettor that has the advantage. Data is by no means new in sports betting. However, the amount of data we have access to and, more importantly, the quality of that data is what is changing. Once you have collated your data and identified a potential edge to exploit, only once you have modelled it and thoroughly tested it will you be able to fully benefit from it financially.

The best sports betting apps now allow players to do it all right from their smartphone. With all the advancements in technology related to smartphones and sports betting software, these devices are the future of the sports gambling industry. Micro Betting One of the biggest current trends in sports betting is live betting.

Again, it is technology that has allowed sportsbooks to offer live, in-game betting options. Bettors are able to bet on whether the next play will be a run or pass, for example, when betting the NFL or college football.

Live bets are extremely advantageous to bettors for a number of reasons. One is simply the excitement. Bettors can now drill down to specific events within the course of a specific sporting event. Players can predict an event — such as run or pass in football — and have the results delivered in seconds or minutes. These types of bets could expand to whether or not the next serve in tennis will be a fault or whether an NBA player makes or misses his next three-point attempt. Esports When the coronavirus stalled the sports industry and its associated betting markets in , a new market opened up — Esports.

Electronic Sports, or Esports, is the cooler way to refer to video game tournaments that are played by professional players or even professional teams. Over the past few years, Esports has really caught on. There are audiences of millions that tune in to watch Esports tournaments on Twitch. Bettors can now wager on the outcomes of these tournaments as well as individual events within the tournaments. The popularity of betting on such events will only increase in the future.

Roughly one-half of the US states have legalized sports betting. Several other states have legislation in the works and nearly all will have some form of legal sports gambling in the future. The industry will see more partnerships.

Sports data companies will continue to thrive and many will attempt to partner with sportsbooks in the US and elsewhere. US sportsbooks will partner with sports leagues and teams to open operations in stadiums and arenas around the country.