Cryptocurrency Gambling Trends 2018 And Beyond
July 12, 2018 (Investorideas.com Newswire) 2018 represents a revolution in the gambling industry and trends are showing that players are making the switch to decentralized blockchain platforms. Over the last 10 years, the sector has moved from the high street to desktop and mobile apps which has shaken up the market. Now all of those business models are under threat due to not been able to compete with the advantages that cryptocurrency and smart contract offer. You can find out further information through visiting the source here.
#1. Players Demanding Provably Fair Gaming
Players for too many years have been asked to put their faith in the operators that they are using random number generator software which has not been manipulated in any way to give the casino a greater advantage of winning. When money is involved it is difficult to fully trust developers but this is coming to an end thanks to the blockchain and provably fair technology. This new way of betting using cryptocurrencies means that all transactions are automatically resolved by the network and displayed on a public ledger. Due to the fact that everything is open and transparent is now means that casinos utilizing this tech can offer genuine odds that can be proved.
#2. E-sports Seeing Huge Growth
No one expected to see the phenomenal rise of the e-sports industry and now watching others play computer games is one of the most popular spectator sports. Not only is it attracting record crowds but the revenue generated by gambling on matches is reaching astronomical levels and making the big players in the industry taking notice. These new tech-savvy gamblers love crypto which has fueled the cryptocurrency and bitcoin e-sports betting sector with vast sums of money.
#3. Smart Contract Based Gambling Platforms Are The Future
The chances are if you do not follow the ICOs market is that you will not have heard about smart contract gambling platforms. These are brand new to the industry and offer huge benefits to players that use them compared with traditional betting sites. Everything is autonomously run by code that carries out all of the transactions required to run a casino without any human requirement with a 100% accuracy rate. It means the cost of running a casino can be slashed and the saving passed on to create the lowest house edge seen in history. They are also creating communities and rewarding players that take part their own crypto which can be used to play games for free or exchanged for real money.
#4. Crypto Gambling Sponsorship Deals
Due to the vast success of recent gambling company ICOs such as the CashBet sponsorship deal with Arsenal F.C expert to see a huge number enter into sponsorship deals over the next few years. It enables a unique partnership opportunity and many of the large clubs are even looking to launch their own cryptocurrency.
The trends show that players are demanding more for their money and want to be rewarded for taking part in a community. The blockchain and smart contract represents a huge step forward for the gambling industry and will provide a level of trust never seen before.
Author: Tony Samboras
S&T Digital Marketing
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