The betting industry is currently witnessing a revolution within the technology department. Sometimes, it can be challenging to keep up with changes made, considering the fast pace that the technology changes.
An online bookmaker can no longer rely on attractive promotions, fair odds, and excellent customer service. Those at the top of the industry need cutting edge technology to keep their players interested in their platform. Meaning their members need access to a user-friendly mobile app, a reliable live streaming service, and a solid in-play betting option.
Mobile presence is a must in 2020 for a bookmaker looking to be successful, whether it be in the form of an optimized website or downloadable mobile apps on iOS or Android.
If you are a better looking for an app, you need to look at these features in a betting app.
1. Live Streaming
- Probably the most significant statement that proves the development the gambling industry has gone through over the past five years. Streaming technology allows betters to gain access to an HD quality live sports stream – directly to their mobile device.
- Bookmakers bet365 are by far the leaders when it comes to live streaming options, with live coverage of over 60% of all their football events; if you’d like to see the full review on the live streaming service bet365 offers, you can read more on the site.
2. In-Play Betting
The innovation of in-play betting has drastically changed the gambling industry. In-play betting had a considerable impact back when it was first released and has grown even more in popularity with betters since. Back in the bad old days, betters were required to get their bets on and their stakes down before the start of the sporting event. If players missed the kick-off, they had missed out. Thankfully, this is no longer the case, thanks to known operators such as sbtech.
The in-play betting feature ensures that it is no longer the case, making a bet as possible and just as exhilarating in the final few minutes of a match as it was minutes before the start. The reason for this is that traders keep most of the leading betting markets alive throughout the contest. Odds and handicap line bets are updated, suspend, and potentially removed for various reasons, but either way, a bet can be enjoyed at any point of a match with in-play betting.
3. Cash Out
The Cash-out feature can be used on single bets, but it does work best on multiple bets, such as accumulators. Cash-out can turn any losing bet into a profitable wager or at least limit your losses if you have backed the wrong selection. It is offered at most sites and on most bets than ever seen before.
Place your bets at a respected online bookmaker, and you will notice a cash-out amount is added to your bet slip. At first, this will be equal to your stake (or a little less), but it will rise and fall, dependent on how well the bet is doing. If bookmakers believe your accumulator is likely to win, they will offer you a higher cash-out amount in an attempt to tempt you and limit their losses
A successful cash-out is the one that gets you the most money back for the least risk involved. For example, you are waiting on a win for £100, and they are 1-0 up after 85 minutes, you may be offered £90. Do you take the guaranteed money or let the bet play out with the knowledge that your team could draw or lose in the last 5 minutes, and you will end up with £0? Cash-out is essentially a bet within a bet.