The mobile industry has reached a stage where technology and sports convergence is becoming a reality. Smart phones now have the ability to process complex odds, match predictions and provide real-time scores and stats from around the world of sports.
If you’re a sports fan, you no doubt appreciate the advantages of mobile sports betting. You can access your account, place bets and monitor your progress wherever you go with the click of a button.
But how does mobile sports betting work? How does placing a bet on your phone differ from betting in person at a bookmaker’s office? Let’s take a quick look at how mobile sports betting works and how it’s different from betting in person. In addition, we’ll touch on some of its advantages and disadvantages.
Mobile Sports Betting Is A Developing Industry
Mobile sports betting is still in its infancy, but the industry is growing rapidly. In the United States alone, the mobile sports betting market is projected to grow from $1.5 billion in 2016 to $18 billion by 2021.
The mobile industry has reached a point where smartphones can process complex odds, provide real-time scores and stats from around the world of sports, and enable users to place bets. As a result, more and more people are realizing the many advantages of mobile sports betting.
The largest market in mobile sports betting is the United States. However, Australia, France and the United Kingdom also have large markets within their borders. Thanks to the introduction of mobile phones, tablets and the internet to countries such as Indonesia and India, mobile sports betting has the potential to explode as a big market worldwide.
Placing A Bet On Your Mobile Phone Is Different From In Person Betting
When you place a bet in person at a bookmaker’s office, you’re essentially placing a bet on a particular outcome of an athletic event. Your bet will then be handled by a person behind the counter, who will record the bet and provide you with the results when the event is over.
However, when you place a bet on your phone, the odds and the game are determined at random by a software application or a server. When the event begins, your bet will then be handled by a software application on your phone or tablet. The application will then notify you of the result of your bet as soon as the event is over.
When you place a bet on your phone, there is no interface between you and the application. You aren’t betting in person at a bookmaker’s office, but instead you are betting from the convenience of your own home or office. This puts you in control of determining the odds, which in turn gives you control over your betting experience. In addition, you can use a VPN to keep your identity secret, protect your privacy and prevent third parties from accessing your information.
Advantages Of Mobile Sports Betting
Let’s take a quick look at some of the advantages of mobile sports betting. First, you can access your account, place bets and monitor your progress wherever you go with the click of a button.
This is certainly one of the most attractive features of mobile sports betting. If you’re out and about, you can place a bet while on the go. If you have a hunch that a certain team will win, you can place a wager on that team before the event starts. Thanks to advances in technology, you no longer have to worry about being somewhere where your favorite team is not playing. You can use your phone’s GPS to pinpoint your location and the application will calculate the odds and provide you with the results.
Another advantage of mobile sports betting is that you don’t need to be near a bookmaker’s office to place a bet. You can do it anytime you want, from the convenience of your home or office.
The Disadvantages Of Mobile Sports Betting
Just like any other emerging industry, mobile sports betting has its disadvantages. One of the primary concerns is security. Since your odds and the bet are determined at random by a software application or a server, there is the possibility that hackers could tamper with the odds and cheat you out of money. It’s important to note that this is something that cannot be prevented by any technology, and it’s a legitimate issue that could arise at any time.
Another disadvantage of mobile sports betting is that, unless you’re using a VPN to keep your identity secret, your odds and the results of your bets aren’t always entirely guaranteed. Since the application or server that your bet is being processed by is not controlled by a bookmaker, in the unlikely event that the bookmaker gets caught manipulating the odds in your favor, they could be prosecuted by law. This is a situation that might arise at any time as well, and it’s something that you should be aware of before placing any bets.
Another disadvantage of mobile sports betting is that you can’t always determine the results of your bets immediately. If you’re reading this on your phone, you no doubt want to know the results as soon as possible. However, in many cases, you will have to wait until the event is over to find out the results of your bet. If you’re betting online, you will have to wait until the game finishes before you see the final score. In addition, there is always the possibility that the results could be delayed due to a variety of reasons. This is why it’s important to re-check your bet’s results after the event has ended.
Despite the disadvantages, mobile sports betting has numerous advantages. With the click of a button, you can access your account, place bets and monitor your progress. Since the odds are determined at random by a software application or a server, you will always be in the winning position. In addition, thanks to advances in technology, you no longer need to be near a bookmaker’s office to place a bet. You can do it anytime you want, from the convenience of your home or office. These are certainly the advantages of mobile sports betting, and with the disadvantages of security and privacy, it still remains one of the most attractive industries to enter.