The best online sportsbooks are also equipped with state-of-the-art online casinos whose impressive and immersive graphics get more robust with each passing year. The technology used to fire these engines and provide a virtual world for those who enjoy slots or table games is ever-improving. Therefore, we thought it would be interesting to shed some light on exactly what’s transpiring in this booming industry and the technological advances that keep its customers coming back for more.
In addition to the stunning graphics used in the online casinos, we should also be cognizant of the best sports betting app being offered at the best online sportsbook. This stunning mobile platform allows its customers to make wagers on the go and provide a bevy of betting options from sides to totals to the latest futures and prop bets. It’s all here in the palm of your hand, making wagering seamless with an easy-to-navigate dashboard. But let’s talk about the technological leaps and innovations currently being made to make the customer’s experience even more compelling.
We know VR from video games but it is being used in the online casino business as well. It transports the users to a new environment and the greater this virtual reality, the more immersive the experience for the user. The two industries have much in common from a technological aspect and strides in one area often complement the other.
Many of the newer, more innovative virtual reality casino playgrounds require a headset to complete the experience but those who prefer mobility over environment can choose that as well. It is all here because of the bustling industry that makes online casino gambling and sports wagering so exciting.
One company, in particular, XR Casino, recently announced a ground-breaking cross-technology, multiplayer, blockchain technology-based online gambling platform for Extended Reality (XR) technologies such as Augmented Reality (AR), Mixed Reality (MR), and Virtual Reality (VR).
The big news is that players on different devices will be able to play XR casino games like blackjack, roulette, and slots with each other. The launch is expected in August of 2021 and XR Casino CEO, Dan Martinez, released the following statement:
“XR technologies are changing the way we interact with each other and eliminating the need for expensive equipment. Tech giants such as Apple, Google, Facebook, and Microsoft have invested heavily into AR, VR, and MR to speed up mass adoption through both hardware and software solutions. XR Casino has first mover’s advantage in providing XR SaaS solutions to online, traditional casinos and sports betting companies. Our solutions create value for the gambling industry and offer competitive differentiation to attract new Generation X, Y, and Z players worldwide.”
If there is one industry that has embraced cryptocurrency, it is online gambling. Blockchain technology is the science that has allowed the digital currency boom of Bitcoin, et al. And the online sportsbooks and casinos are nearly universal in allowing their customers to fund their accounts and make regular deposits using crypto.
Blockchain technology is the reason why deposits and payouts can be so readily facilitated while giving the user anonymity never before seen with credit cards and bank wires. It also safeguards the user’s personal information which has become increasingly critical in this new age of shared personal data.
Video gaming, online casino, and sports betting have started to cross paths. Similar technology is used to power both and many of the best online sportsbooks are offering betting propositions on esports tournaments. This new trend grew exponentially during the global pandemic when traditional sports were shut down and bettors had very few alternatives. As they say, necessity is the mother of invention and now esports tournaments like League of Legends, Fortnite, DOTA 2, and many others can all be wagered on at most of the premier online books.
Esports Technologies, Inc. (Nasdaq: EBET), a leading global provider of innovative esports wagering products and technology, has recently submitted a provisional patent application for a technique that leverages artificial intelligence to build odds models for use in a betting algorithm for esports tournaments and different stages within the tournament.
Bart Barden, COO, Esports Technologies, said, “I’m extremely proud of our quant and modeling team, which continues to develop potential industry-leading data solutions. Harnessing cutting-edge modeling and artificial intelligence to create the technology for this planned next-generation wagering tool demonstrates our commitment to innovation and our focus on the needs of esports enthusiasts and bettors everywhere. We continue to advance and innovate the esports wagering experience for customers.”
Essentially, this technology will make adjustments as the tournament is in progress, allowing bettors to wager on teams throughout a tournament and during the games. Betting on which team will finish in the top three or outside the top five, or on which round the team will advance to, are examples of bets that might be placed with this new technology.