Online gambling is an exciting space at this moment in time as it has come on leaps and bounds in recent years from a very humble beginning. If you told somebody about the internet and smart phones only a couple of decades ago and the capabilities that they have, they would have laughed at you or thought you were crazy.
Now we take it as standard practice that we have a powerful computer the size of a mobile phone that we can carry around with us wherever we go in our daily lives.
One of the big areas that it revolutionized was the gambling industry, as it meant that people did not have to go to casinos or bookmaker shops any longer in order to place their bets. They could now place the bets from the comfort of their own home or simply anywhere that there was an internet connection. This opened up a whole new world of possibilities and the industry is constantly evolving and taking things to new heights.
With technology still evolving at a rapid rate, there are no doubt some exciting things in store for us in the near future. In this article we will look at some of the interesting trends that look to be a bit down the line so you can understand them and be prepared for when they become mainstream. The early adopters always have an advantage so this could be a great chance for you to take your online gambling returns to a new level.
One of the areas of online gambling that looks set to explode in the next couple of years is that of esports betting. While you already have your mainstays in terms of traditional sports and online casinos and their respective games, eSports is going to become one of the pillars to the online gaming industry. There is set to be massive amounts of money being thrown in this direction in the near future as it has already been rapidly growing over the past 18 months.
There are many different games that are played competitively and with more being added on a regular basis it is a very exciting time for the industry. Major sports organizations and celebrities are getting involved with esports, with soccer clubs like PSG buying their own teams as well as major franchises in the United States.
The core audience of gamers is extremely enthusiastic and will relish the opportunity to make money while betting on the outcomes of matches and tournaments involving their favourite players and teams.
Billions of dollars will be wagered in this area in the coming years and could be a great opportunity for you to get in on it during the early stages and take advantage of price mismatches as online platforms come to terms with setting the odds for these games.
Virtual reality is an area that has exploded in the past two years and it is only in its beginning stages. It allows people to step into another reality and experience amazing things. It is massive when it comes to the gaming industry and could have massive consequences for online gambling as a whole. Whether you are in a virtual casino or sports matches, you will be fully immersed in the experience and get more invested in terms of monetary gambling with the event at hand. VR has not managed to fully penetrate the online gambling industry as of yet, it is knocking on the door and it is only a matter of time before it breaks it down.
As it is so realistic, gamblers would welcome this development with open arms and it would transform the online experience into something that is magnificent.
Certain online gambling platforms have been struggling to attract the younger generations of gamblers onto their sites which is why a lot of them will be turning to VR to try and change this.
The early adopters of VR are largely in the age range of 18-24 and these are the players casinos and other platforms are going to be targeting. This is why that the potential to be such a game changer, as gambling platforms online can hook players in as soon as they are legally allowed to gamble.
It will also allow different sites and platforms to better differentiate themselves from one another. Currently a lot of them look extremely similar and it is hard to notice differences but this will bring a much sharper light to proceedings.
Developing online casinos
With technology constantly evolving, there is no doubting that existing casinos online are going to improve massively. Largely this will be with the aid of VR. It was in 2015 that the very first VR based casino was launched and it was called SlotMillions.
It allows people to walk through a casino that is set in the future and there are dozens of immersive games the players can actively participate in. There was a study conducted recently that forecasted that VR will lead to the generation of an additional 800% in online wagers by the year 2021.
This is a gigantic increase and would make waves in the industry as a whole. There is a lot of money to be made in these areas if you know where to look. This is why it is important to identify these types of trends at an early stage and take advantage of being an early mover.
With some players turning away from online casino sites in recent years, this will be a great way to rope them back into something revolutionary. What’s more is that players can actively interact with the playing staff just like they would at a real-life casino.
You will also be able to do everything like hold the chips and place the bets yourself rather than having to be constantly clicking buttons and everything just being on a screen with graphics. It is certainly an interesting time for online gambling that is set to explode in the coming few years.