March Madness is just around the corner. The basketball tournament is easily one of the most popular sporting events in the USA and certainly one of the most anticipated basketball competitions. The NCAA Division I basketball tournament draws a massive crowd of fans yearly. And with so many fans, the bettors are, of course, just a little behind.
Sports betting is one of sports fans’ most common forms of entertainment. It is fun and exciting, and if you get it right, you can win some cash. What is not to love? But, in the 21st century, technology is advancing rapidly and changing all walks of life. Naturally, changes are occurring in the betting industry as well. In this article, we want to look at how advancements in tech have changed the betting experience of March Madness fans.
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AI Can Be Impactful
Recent developments and advancements in Artificial Intelligence have convinced us that the future is happening right now. And while it certainly has numerous uses, AI can also considerably impact betting and bookmakers. In its essence, betting revolves around numbers and statistics. Of course, many people need to correct the mistake of placing bets based on their guts or preferred team. However, long-time bettors know that what you need to focus on is the odds laid out by trustworthy bookies.
Usually, bookies analyze player and team statistics to make up the odds. With AI, this process can be made significantly more straightforward. All one would have to do is feed information regarding past college ball games to Artificial Intelligence, and the AI would then produce odds very quickly. Many expect these odds to be much more accurate as it removes the human error factor. AI could produce better and more accurate odds, benefiting both bookie and bettor.
Online Sportsbooks Are Thriving
One significant way technology has already improved the betting industry is by introducing online sportsbooks. Nowadays, all a bettor has to do is open their computer, register for a website, and they will have access to any number of March Madness player props, point spread bets, or money lines.
Web bookies make the practice a lot simpler and more convenient. You all need an electronic device with internet access, and you are good to go. On top of that, many of these websites offer frequent bonuses and promotions, many of which cater to new users. In other words, betting is now more convenient than ever.
But it doesn’t just stop at online sportsbooks. With advancements in smartphones, we carry miniature computers everywhere. So, naturally, many online bookies have kept up with the times and created mobile apps. So, already convenient service is now made even more convenient. Best of all, even if websites don’t have an individual app, they try to make their website mobile compatible. All you need to visit most online bookies is a smartphone with internet access.
But it isn’t just about mobile sportsbook apps. Another great advantage of the smartphone is that you can download the official March Madness app. The NCAA March Madness app will let you stream every one of the 67 games held during the tournament. On top of that, it will provide player profiles, and team profiles, let you watch the highlights of each match, and alert you about the score of an ongoing game if you don’t have the time to watch it. And plenty of similar apps can keep you updated about the most popular sporting events and help you make better decisions while betting.
Deposit and Withdrawal Methods
Technology has also made it possible to place bets using various means. Before technological advancements, cash was the primary way you could bet. With the first online sportsbooks, credit cards also became a viable method. Nowadays, however, online bookies accept a wide variety of transaction methods. Some of the most popular include credit and debit cards. But you can also use e-wallets like PayPal, cryptocurrency like Bitcoin, Litecoin, Ethereum, and Dogecoin, direct wire transfers, electronic checks, etc.
Cryptocurrency is especially popular, as the phenomenon has grown in esteem recently. Crypto-based deposits are untraceable, entirely anonymous, and relatively safe, so it’s no wonder they’ve garnered such a huge following. Of course, they do come with a few downsides. Namely, the volatility of the market makes crypto bets very unpredictable. It is even possible for a winning bet to end up yielding less cash than what you started with.
About the Author
Since 2009, Shelly Schiff has worked in sports betting and online gambling. Her years of experience have made her an expert on the topic. While most of her content is associated with Sports Betting Sites, she has also worked with various other websites. Apart from work, Shelly enjoys spending time with her lovely golden retriever, Gerry, whom she loves dearly.