Bets made with bots are here to stay. The industry grew by 35% in 2018 and is projected to hit $14 billion by next year. While there are many different types of bots, all of them serve the same basic purpose: to place wagers for you.
Traditional bookmakers, who have been serving the market for centuries, have known for a while that they were losing market share to wagering apps and social betting. So, they created fantasy sports and gaming apps to try to lure customers away from the competition. And it seems to be working: bet365, an international betting company, filed for bankruptcy last year and was valued at $400 million less than a year earlier. Bookmakers are now racing to create their own versions of betting bots to keep up with the competition.
The Growth Of Social Betting
The rise of social betting is another indicator of how seriously people are taking wagering. Social betting is when you join a social media platform like Twitter or Facebook and use their tools to bet on events like sports games or political races. These platforms make it easy for anyone with an account to follow the action and place bets without needing to leave their homes. In the past, you might have had to go to a bookmaker’s office in person to set up a betting account and make a deposit. Now, you can do all of that from the comfort of your home. Or, at least, while you’re feeling more comfortable than usual in your pajamas.
The major difference between social betting and traditional betting is the level of interactivity available. With social media, you can engage with other users while following the action live. You can start a conversation with a bot operator at any time by mentioning them in your tweets or Instagram posts. You can also get real-time alerts when a winning bet is placed.
For instance, let’s say you’re a fan of the Dallas Cowboys and you see that the team is gaining a lot of momentum heading into the playoffs. You can tweet at the @cowboysapp bot on Twitter to ask it if it’s good odds that the team will make it to the Super Bowl this year. The app will tell you the current line and odds, and you can decide whether to bet or not. If you’re feeling lucky, you can place a bet on the NFL title with just a few clicks.
Bots For Everyone, Whatever Your Niche
While the majority of bots work in sports and daily fantasy sports, there are many, many more niche areas where they can be applied. For example, it’s not just about sports. You can use bots to analyze politics, explore the stock market, or play games like Scrabble or Words with Friends. Basically, you can use them to do anything you can think of.
The best part is that with each new major release from the major gaming platforms (such as Apple’s iOS or Google’s Android), new applications emerge that can take advantage of this new functionality. So, if you have a niche interest, there’s probably a bot which can help you with your research.
Why Should You Care?
Whether you know it or not, you’re already benefiting from betting bots without even realizing it. Every time you use an online search engine to look for something, you’re using an algorithm which gets its data from a massive database of pre-written content.
This content is what feeds your search engine. If a lot of people are searching for “best vegan restaurant”, your search engine probably queries a database which contains a lot of articles about vegan restaurants. And if you have an interest in veganism, you may have noticed that there are a lot of articles which cover this topic. Because of this, you may arrive at the site of a vegan restaurant without even knowing what it is you’re looking for. And when you land on the site, you may find that it offers a good range of vegan options, which is important if you have dietary restrictions or food allergies.
If you have an interest in sports, you may see a lot of articles about the upcoming games. Or, if you have a favorite band, you may see a lot of articles about them. Because a lot of people are interested in the music of Manchester Orchestra, you may end up at their website without even realizing what you’re looking for.
When you use a search engine to look for something, you usually end up on a page which contains a lot of information. However, sometimes, you may arrive at a website which is highly relevant to what you’re looking for but which you didn’t know existed. This is where bots come in:
Bots Increase Market Share For Bookmakers
For decades, the bookmaker has been the default choice for people who want to place bets. However, as the above examples illustrate, there are many different ways to place a bet these days. If you’re looking for a way to make a wager without needing to go to a bookmaker, you can try an online sportsbook which offers betting on the major sports leagues. You can also check out social media platforms like Twitter and Facebook, which offer similar functionality.
As these platforms grow in popularity, more and more people are using them to make wagers. Traditional bookmakers are taking note and are expanding their sports betting services to online platforms like Twitter and Facebook. According to a report from the Sports Business Journal, over 20 bookmakers, including some of the biggest names in the business, have launched cryptocurrency betting products in recent years.
Forbes ranked the top 40 sportsbooks in the United States based on their software, customer support, and website accessibility. The data used to compile this ranking was acquired directly from the sportsbooks themselves, so the information is unquestionably accurate.
Bots Are More Fun For Everyone
With all of the information available to them, it’s no wonder that people are enjoying themselves more when they play with bots than when they play against them. When you’re playing against a human, you’re always going to have an element of luck involved. But, with a bot, it’s all about following the right steps and being prepared with the right strategy. In the future, you may see more and more people enjoying the competition aspect of gaming, especially in esports.
Bots Help Customers Better Research Topics
When someone wants to research something online, they often have a specific topic in mind. But, often, they don’t know where to start their search. With so much information available online, this can be quite the challenge. And when you’re looking for information about a particular topic, you’ll usually find that there are a lot of different options and it can be hard to know which one to go with. This is where bots come in. If you have a topic which you want to research, you can often find a bot which already has the data you need at your disposal and can help you get started.
In Closing
Even if you don’t see yourself as a hardcore gambler, you may be placing wagers every day without even realizing it. You’re using algorithms every time you use a search engine to look for something, and these algorithms are fed by data which is constantly updated by bots. So, even if you don’t feel like you need assistance from a computer, you may still be benefiting from their presence. Congratulations! We hope this article will help you in your endeavors to become a better gambler. If you haven’t already done so, create an account with one of the reputable sportsbooks and make a deposit. Then, use this account to test out their apps, watch betting matches, and analyze odds and outcomes. Good luck out there!