Predicting Sports Betting Future Trends and Technologies

[nitrobetting]

Top 4 Trends and Technologies that Will Shape the Industry


Blockchain and bitcoin betting

Bitcoin betting is both a rising trend and a technological advancement. Blockchain technology creates a safe, decentralized, and anonymous way for sports bettors to fund and withdrawal from their accounts.

Anonymity remains a prized possession in the sports betting industry. Anonymous betting is a trend that won’t go away any time soon. Blockchain tech, especially Bitcoin’s blockchain, makes it capable to remain anonymous while wagering on your favorite team.

2. AI oddsmaking and handicapping
Arena is an artificial intelligence start up that is generating simulations of human behavior. The simulations should help those in the advertising industry better determine where to spend their ad dollars.

If Arena’s AI tech can help the ad industry, it for sure could help determine where players are most likely to put their money. If that happens, oddsmakers will have a powerful tool. If we take it further, AI could help players, especially players that bet a lot of money, find optimal wagers based on odds.

Without a doubt, there’s a place for AI technology in the sports betting industry. We must all keep an eye on how things develop.

3. Esports betting
Esports betting is the fastest segment of sports betting because it’s the fastest growing. It feels like every year there’s an eSports league in development.

The more options, the more players become involved. Esports isn’t going anywhere. In some ways, it feels like Esports is on the path to replacing horse racing as the daily sport to bet.

Like horse racing, eSports matches take place every day and close to 24 hours a day. Unlike horse racing, animals aren’t involved, which means there is no cruelty aspect to Esports.





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[Outhue]

Bitcoin is Bitcoin and gambling is gambling, there is no technological advancement here, gambling doesn't add anything beneficial to Bitcoin than gamblers using Bitcoin to gamble on online casinos.

If you want anonymity, Bitcoin is not the right call for it, look into XMR instead, Bitcoin is a decentralized digital currency and once you send it to a online gambling platform, you are not in possession anymore, the decentralize is broken then.

Finding optimal wager based odds using the help of AI makes sense but it still won't stop you from losing money, AI is here to make hard works less of a hard work, things will get easier with AI and it's going to be useful for those that are running a casino too, it's not going to be easy to keep paperwork when loads of people keep boarding a new online casino, AI can do the work easier.

If I am right, Esports are form of competition using video games, like multiplayer where pro players comes together to form a team and go to battle with other team's to win a prize, are you saying you can bet money on a team? If this is what you mean then I haven't seen or heard a lot about this.

[swogerino]

AI oddsmaking and handicapping is a great thing for the future I believe as there is big room for error in providing odds when you will leave that to artificial intelligence and I am sure all of us bettors,sport bettors from a really really long time will catch these errors in no time and make huge profit from our bets.Honestly this technology can have much more damage for the casinos than benefit as one such error as the above mentioned it will cost the casino all the money that they may have won from this technology until it makes an error.I know there is still room for improvement in AI but whatever improvement it gets it still cannot substitute human brain when deciding about odds and handicapping.

[Oshosondy]

Do we have to predict on the future? I do not think we need to do that. But we can talk about the modern time innovations that is helping in gambling generally. Example like gambling sites enabling their users to use  bitcoin, altcoins and web3,  the creation of browsing phones, smart watch and the virtual reality devices that is helping in gambling, the use of AI and and machine learning in general. Many of which are not prediction but what that is actually happening now.

Bitcoin is Bitcoin and gambling is gambling, there is no technological advancement here, gambling doesn't add anything beneficial to Bitcoin than gamblers using Bitcoin to gamble on online casinos.

Gambling sites make their users to use bitcoin to gamble, but bitcoin was innovated. That is just an advancement. It can be included, but it is what that has been happening, not future prediction. Since bitcoin was created, there have been gambling sites that have supported bitcoin deposit since many years ago. It is modern but not something new again.

If you want anonymity, Bitcoin is not the right call for it, look into XMR instead, Bitcoin is a decentralized digital currency and once you send it to a online gambling platform, you are not in possession anymore, the decentralize is broken then.

So how monero is the anonymity coin? Once you send monero to a gambling sites, you are also not in possession of the coin (monero) again, the gambling site will be in possession of the coin. It is true that monero is a privacy coin, but not in this example.

Finding optimal wager based odds using the help of AI makes sense but it still won't stop you from losing money, AI is here to make hard works less of a hard work, things will get easier with AI and it's going to be useful for those that are running a casino too, it's not going to be easy to keep paperwork when loads of people keep boarding a new online casino, AI can do the work easier.

He used AI for marketing purposes in his posts above.

Although some people as gamblers may want to use bots in gambling too. There are way bots are always helpful, but gambling is gambling and it is very risky while the gambling sites have house edge which bots can not break to win overall.

If I am right, Esports are form of competition using video games, like multiplayer where pro players comes together to form a team and go to battle with other team's to win a prize, are you saying you can bet money on a team? If this is what you mean then I haven't seen or heard a lot about this.

If you are watching the in-play matches on some betting sites, you will some games that will end before 20 minutes, those are eSports which you can predict who to be the winner. Some will take just 8 minutes if not less. You can also bet on eSports.

[Gozie51]

.
3. Esports betting
Esports betting is the fastest segment of sports betting because it’s the fastest growing. It feels like every year there’s an eSports league in development.

Of course eSports is also part of the gambling Al that has been encrypted in video games for more relaxed games and for bettors pleasure.

.
Like horse racing, eSports matches take place every day and close to 24 hours a day. Unlike horse racing, animals aren’t involved, which means there is no cruelty aspect to Esports.

Usually, I think programmers have found love in horses and from inception have made races for horse competition but I know dog race also exist. And maybe I have not seen other animals like cheater etc, maybe they exist.

The more options, the more players become involved. Esports isn’t going anywhere. In some ways, it feels like Esports is on the path to replacing horse racing as the daily sport to bet.

How does it feel when horse racing is also encrypted video on eSports. I think with the different options including horse racing, eSports is growing daily and creating gambling experience.

[www.Gambler.Casino]

High odds and high betting limits. Here's what's most important to users

[goldkingcoiner]

I agree that casinos and advertisers are having an AI revolution and we will see that in the gambling world as well but I do not think that AI is or ever will be useful in predicting future events. Sure, they can spit out better probability numbers than any human mathematician. But the probability itself will not be influenced or changed, so gamblers will be disappointed because they think they can outsmart the system somehow and make more money from games which are based on pure luck. But if an AI could do that so easily or at all, would we not already be seeing people using AI in gambling? I myself have not heard of an AI used for better gambling results.

Same goes for trading. There are trading bots but I doubt the existence of a bot which can predict the future price of the traded asset.

[dimonstration]

3. Esports betting
Esports betting is the fastest segment of sports betting because it’s the fastest growing. It feels like every year there’s an eSports league in development.

The more options, the more players become involved. Esports isn’t going anywhere. In some ways, it feels like Esports is on the path to replacing horse racing as the daily sport to bet.

Like horse racing, eSports matches take place every day and close to 24 hours a day. Unlike horse racing, animals aren’t involved, which means there is no cruelty aspect to Esports.

Cheers to this. E-Sports is really getting a lot of popularity since most of the new generation play computer games while e-sports mostly focus on popular games that everyone plays a lot like Dota and CSGO. I think the E-Sports community is almost catching up to most of the sports market since it has a wide range tournament on different games covered.

I don’t play much other games aside from Dota2 but I’m surprised to check how vast the active tournament right now on different games when i check on the Liquipedia. E-Sports is really a big deal on sports betting. It’s like online gambling when they are rising its popularity.

[darkangel11]

I feel like E-sports is going to be big, especially when virtual reality goes mainstream and people are able to experience multiplayer rivalry with full immersion.
Back in the day the e-sports scene was mainly old starcraft and shooters like quake that offered basic 3d, then it moved to an era of high quality graphics, but this is slowly reaching its limits as players noticed that better graphics makes its sometimes harder to aim, so most of them play on low anyway. I feel like next move will be into immersion, maybe games that react to your eye movement, games that make you see and hear things around you, maybe even feel being shot, make you smell gunpowder...

AI is a difficult thing to bet on because we don't know if it won't get banned by people who fear it. It's like Early bitcoin that could get stopped in its early days, but wasn't and now it's too late.

[QueenVera]

I was also thinking  that bitcoin  helps provide anonymity while gambling but on the second thought, I realized that the moment  we submit our details through kyc on gambling sites and casinos, the anonymity  which bitcoin  would have provided during deposit and withdrawal are gone especially  for registered casinos which 95 percent demand for KYC at some points while using their site but we can safe for casinos that don't ask for kyc but how much an we trust such platforms that aren't registered?

Export is already becoming a big thread in the gambling industry and I also agree with you  that in time to come, that it might be possible for it to overshadow horse racing.

[Webetcoins]

Well, though Blockchain can create decentralized ways for sports bettors to bet on sports events without any central authorities if there are more web3 sports betting platforms, for the time being, there aren't a lot of options in this regard. Almost all the popular casinos and sports betting platforms are centralized and they only allow you to deposit and gamble with cryptocurrencies which doesn't make them decentralized at all.

About the usage of AI in sports betting industry, that does sound pretty interesting and it can surely provide gamblers with a lot of advantages if AI can help them determine which platform they should choose to get better odds for their bets, players would be delighted for a tool like that.

[paxmao]

You are totally correct that while Bitcoin is a decentralized digital currency, its transactions are recorded on a public blockchain, which means they can be traced and analysed. It is pseudo anonymous really, not fully visible as the original holder is not known unless they want to be known but cryptocurrencies like Monero (XMR) might be a better choice. Monero is designed to offer enhanced privacy features,

[Frankolala]

Anonymity remains a prized possession in the sports betting industry. Anonymous betting is a trend that won’t go away any time soon. Blockchain tech, especially Bitcoin’s blockchain, makes it capable to remain anonymous while wagering on your favorite team.

Casinos are centralized and they always ask for KYC which makes the bettor not anonymous. Some casino that claim to be decentralized, the moment you win big,they will start asking for KYC. That is why if you are a gambler, you can never have privacy or to by anonymous. The casinos has killed decentralization if though you are betting with btc.

3. Esports betting
Esports betting is the fastest segment of sports betting because it’s the fastest growing. It feels like every year there’s an eSports league in development.

You are in right esport is growing very fast and it can easily make you run at big loss with 15mins. Most youth are involved in this and majority of the population in the world are youths.

[coin-investor]

Top 4 Trends and Technologies that Will Shape the Industry


2. AI oddsmaking and handicapping
Arena is an artificial intelligence start up that is generating simulations of human behavior. The simulations should help those in the advertising industry better determine where to spend their ad dollars.

If Arena’s AI tech can help the ad industry, it for sure could help determine where players are most likely to put their money. If that happens, oddsmakers will have a powerful tool. If we take it further, AI could help players, especially players that bet a lot of money, find optimal wagers based on odds.

Without a doubt, there’s a place for AI technology in the sports betting industry. We must all keep an eye on how things develop.

Of the four this is the one that I found interesting, this is still speculative AI is proven to work in other industries but in gambling, it is not yet proven and the study is still ongoing, It still works on probability and analysis just like human behavior, it will never take into account upsets and under unavoidable circumstances but let's see if it gets good results then it will become popular among players.

[maydna]

Anonymity remains a prized possession in the sports betting industry. Anonymous betting is a trend that won’t go away any time soon. Blockchain tech, especially Bitcoin’s blockchain, makes it capable to remain anonymous while wagering on your favorite team.

Casinos are centralized and they always ask for KYC which makes the bettor not anonymous. Some casino that claim to be decentralized, the moment you win big,they will start asking for KYC. That is why if you are a gambler, you can never have privacy or to by anonymous. The casinos has killed decentralization if though you are betting with btc.

That is true because centralized casinos will ask for KYC once their users exceed the limit on the amount of money the casino sets. Decentralized casinos will also implement KYC like centralized casinos, and like it or not, that's what can happen to casinos. So perhaps, we won't see the freedom to play gambling in casinos, especially if we use big money to gamble.

3. Esports betting
Esports betting is the fastest segment of sports betting because it’s the fastest growing. It feels like every year there’s an eSports league in development.

You are in right esport is growing very fast and it can easily make you run at big loss with 15mins. Most youth are involved in this and majority of the population in the world are youths.

Even though esports is growing very fast, it has not been able to beat sports betting because so many sports have entered into casinos with people betting on their favorite teams. But esports has become a gambling game with fans like other gambling games.

But we can't deny that Blockchain and bitcoin betting has become a trend that no one else can beat because bitcoin betting offers something that can give them multiple profits if they win some bitcoins and sell them to fiat.

[Yatsan]

What's more likely to happen is involvement of AI to different industries such as online gambking but I hope not in a sense of cheating. It could be useful on making platforms more efficient.

Top 4 Trends and Technologies that Will Shape the Industry


2. AI oddsmaking and handicapping
Arena is an artificial intelligence start up that is generating simulations of human behavior. The simulations should help those in the advertising industry better determine where to spend their ad dollars.

If Arena’s AI tech can help the ad industry, it for sure could help determine where players are most likely to put their money. If that happens, oddsmakers will have a powerful tool. If we take it further, AI could help players, especially players that bet a lot of money, find optimal wagers based on odds.

Without a doubt, there’s a place for AI technology in the sports betting industry. We must all keep an eye on how things develop.

Of the four this is the one that I found interesting, this is still speculative AI is proven to work in other industries but in gambling, it is not yet proven and the study is still ongoing, It still works on probability and analysis just like human behavior, it will never take into account upsets and under unavoidable circumstances but let's see if it gets good results then it will become popular among players.

With probability and analysis, indeed these would be important on creating a speculation or prediciton of the outcome but will never guarantee a winning bet. One reaason is because we are in gambling industry. It won't be gambling if risk of losing is small. Also, anything could happen inside the ring, court, fields, and other settings concerning sportsbetting to give an example, as long as there's still time to do so. This simply limits technologies wherein there's no simplicity on their prograams.

[Wapfika]

Top 4 Trends and Technologies that Will Shape the Industry


2. AI oddsmaking and handicapping
Arena is an artificial intelligence start up that is generating simulations of human behavior. The simulations should help those in the advertising industry better determine where to spend their ad dollars.

If Arena’s AI tech can help the ad industry, it for sure could help determine where players are most likely to put their money. If that happens, oddsmakers will have a powerful tool. If we take it further, AI could help players, especially players that bet a lot of money, find optimal wagers based on odds.

Without a doubt, there’s a place for AI technology in the sports betting industry. We must all keep an eye on how things develop.

Of the four this is the one that I found interesting, this is still speculative AI is proven to work in other industries but in gambling, it is not yet proven and the study is still ongoing, It still works on probability and analysis just like human behavior, it will never take into account upsets and under unavoidable circumstances but let's see if it gets good results then it will become popular among players.

In an event that AI will hypothetically become succeful on gambling industry, particularly on sport betting. I thing the odds set by the book maker will be dynamic based on the actual placed on each side. It will be more on a PVP instead of the current odds that players against casino bankroll since bookmaker will adapt to the current status of betting to still have a profit.

We mght see a very low odds on strong teams since only few will bet on weak team unlike the current odds structure which bookmaker is confident that bettors decision will be split because there’s no AI that will give them prediction.

[Pmalek]

What we can observe is that stricter regulatory frameworks are coming to crypto. Anonymous betting isn't going to be a thing in the biggest bookmakers in the future. We already have many crypto casinos that require KYC or make you believe identity verification isn't required. It's not, as long as you are losing.

I don't think AI will help players make better betting decisions in the future. AI can analyze stats and data and determine the most possible outcome. The match still has to be played, and there are absolutely no certainties in sport, regardless of the odds.

I have never seen any attraction in eSports betting and I doubt that will change in the future. However, people love to play video games and they love to gamble. Combine the two and you got yourself a winning combination.   

[Haunebu]

Interesting topic op. AI could help predict sports event outcomes for sure, but the accuracy will vary a lot depending on various factors. For example, ChatGPT won't help much in this area since it depends on old data.

On the other hand, Bard could help a lot more in this area since it focuses on real-time data.

[Slow death]

nowadays talking about anonymity is an illusion, even for a person to be able to buy bitcoin is a big headache, the person first needs to open a bank account in their country, for that they will need to go through a very strict kyc, after that the person will have to create an account on an exchange where they will have to go through kyc, but different from the rigid kyc of the bank in that person's country, on the exchange that person will have to have a passport, so if the person didn't have a passport they will have to go get treatment passport, which also require documents and money. once with a passport, the person fara kyc in the exchange, then buys bitcoin using the bank account

when the person puts a lot of money in the casino he will be asked for kyc, if the person wants to withdraw a lot of money in the casino he will have to do kyc, so OP forget anonymity, these things no longer exist in this market. about the AI, it doesn't predict the future so we can't praise the AI too much, in my opinion each person needs to do their own research to place bets, you can't trust third parties, the best thing is for the person to analyze it for himself the game is a bet, this makes the person gain experience and manage to improve more and more. but when the person depends on other people, then the person will not be able to place sports bets alone