Live betting is one of the most utilized forms of betting on different types of gaming content offered at an online casino. It is a type of betting that allows the punters to place a bet as the game is in progress.

Many online casino gaming platforms allow this because they want the users to have as much experience as possible as it pertains to the entertainment they have.

A press release published on Bloomberg reports that the sports betting market could be worth over $140 billion by the end of 2028.

With such a huge volume expected to come into the market, what is the future of live betting going to be like next year?

• Massive Adoptions

Adopting new products or services is one of the ways to make it more popular. A similar scenario will play out in the live betting market from 2022.

With the records set in the previous year and this year, many punters will see reasons to wager this way.

As more punters start using live betting, it’ll only be a matter of time before others would key into it.

By and large, the live betting market is programmed to gain massive adoptions in the coming year.

• More Developers will Spring Up

The advancement of the live betting or in-play betting market will also create an opponent for the software developers.

These companies will devote more time to create solid software solutions that will power the casinos of their clients.

• Mobile Gaming will be Paramount

One of the major advantages of online casino is the freedom that it gives. For example, you can now find, play and wager on your favorite casino game, no matter where you are.

We expect something much more bigger than this in 2022. The projection is that more mobile applications focused on live betting will be developed and launched into the market.

This affords the players and punters unlimited access to play and wager on live games while they are on the go.

• Automated Algorithms will be in Vogue

Many bookmakers that are bold to otter love betting understand the risk they’re taking.

From adjusting odds to ensuring that the punters are not cheated, it is quite tough.

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For example, most live betting bookmakers use advanced or automated algorithms. These algorithms do not only simplify the process by working alone, but also allow the bookmaker to offer odds, while the calculations and adjustments are made.

• Regional Validations and Governments Approvals

For many years now, governments have kicked against the proliferation of online gaming activities.

With the opportunities that will come with the anticipated Web 3.0, it is possible that they would shift their stance.

In 2022, more governments will allow live betting bookmakers to operate in their jurisdictions.

The approvals would most likely start from the Asia-Pacific region, which is one the leading markets for online gaming.

North America and Europe are also on the list with Africa projected to be one of the emerging markets for live betting in 2022.

• The Latest Gambling Techniques will be Deployed

From Random Number Generators (RNGs) to Augmented Reality (VR); the potential integration of latest technologies is not out of place.

We might also see the integration of Artificial Intelligence (AI) and Virtual Reality (VR) in some live betting platforms.

Conclusion

The global live betting market is set for an explosive growth. As an online casino operator, this is one of the best opportunities you have to contact a reliable software developer to work on your live betting solutions before next year.