Embracing Technology in Casino Betting

Developers should accept technology as it is one of the crucial ingredients of success in our digital era. Technology plays a vital rule our life. It essentially changes the way how we communicate, develop, travel, and gamble.

Casinos must keep up with the times by making their sites become a virtual playground, offering better immersive experience or revolutionary software protection – these are some of the best innovations and trends in online casino betting today.

Mobile

Sports bettors and gamblers using mobile betting via smartphones can bet on sporting events, playing games of chance or casino games instantly – turning iGaming into a boom industry, where access to gamble for any length of time is always in somebody’s purse or pocket of a mobile phone, and access can be available anywhere at a moment’s notice. Mobile betting has experienced massive growth over the years.

Mobile gambling, whether through a specially-developed app or websites accessed via a mobile browser, has become an extremely common way for the public to gamble online. The purpose of this paper is to explore whether there might be certain psychological aspects of this emergent channel which might make it more conducive to problematic or pathological gambling in some users (beginners or existing gamblers).

Geolocation software might tell casinos where there shouldn’t be casinos – yet it seems unlikely that all illicit money-laundering can be blocked, nor underage gambling. Meanwhile, it’s too easy for online identity checks to be subverted to aid fraudsters in their efforts to obscure themselves from casinos.

Virtual Reality (VR)

VR technology is making online casino gambling more popular than ever before, by creating a completely immersive playing environment. Players can now experience a virtual casino from the home, through VR headsets, allowing them to make the most of this medium while increasing satisfaction.

By mimicking the experience of gambling more convincingly, VR casino is likely to increase players’ satisfaction with the experience – by allowing them, for example, to spin the wheels on slot machines with the movements of their entire body, or to tap buttons when playing card games, and by allowing the digital versions of roulette wheels to rumble beneath their hands. Haptics can also be used in a more narrative way for casino games: with better world-modelling and feedback, a game can become more sophisticated, telling a story beyond the slots and blackjack tables.

VR, however, does does have some drawbacks. For example, it is not yet available to everyone with just a computer and internet access due to the fact that it requires expensive equipment that not everyone can afford. It also has to adhere to legal and regulatory safeguards for gambling which, at the moment, are a challenge for some operators. With the development of this technology, not too far in the future, VR is likely to become part of all online casinos.

Blockchain

By eliminating the need for centralised oversight through the use of an immutable public ledger that records transactions of, by, and for those partaking in online wagers, blockchain makes online gambling fairer for everyone involved, while simultaneously changing the landscape of the entire online poker industry. By eliminating third-party scrutiny of transactions while preserving everyone’s privacy, the costs involved in conducting legally sound online poker will also be reduced, cutting transaction fees and processing times down dramatically, thus effectively lowering the house edge on games, allowing for faster player payouts.

iGaming is quickly growing up, and with it, the need for transparency and provable fairness from players to operators, and vice-versa. Previously, this involved traditional third-party auditors or international regulatory authorities, but blockchain technology offers smarter, more secure alternatives than is currently possible using existing protocols.

For example, casino gambling sites running on a blockchain will generally offer provably fair online slots and other games with results that can be checked for accuracy against a blockchain, and with live casino games audited for fairness by third-party auditing agencies. Smart contracts can also be used to automate aspects of the platform that don’t require human oversight or auditing.

Artificial Intelligence (AI)

AI can be used to promote personalisation and efficiency – and even to limit fraudsters’ activity. Technical safeguards from AI have the potential to make gambling more secure, and thus more accessible, for all. AI can help stop gambling addiction by revealing anomalous betting patterns, or by monitoring other problem gambling indicators.

Beyond this, players can be assisted by AI to calculate their risk profile and tailor a specific experience for their needs and to their tastes – including maybe a few suggestions about which games to play, how much they can spend or outlay before calling it a day (so they don’t chase loses), and even how much they can win before it starts getting untenable.

AI can analyse past data and patterns of players’ behaviour, which setters of odds can use to make betting odds more accurate. The software can also look for abnormal behaviours of wagers and report to on-site staff if illegal activities are suspected, such as match-fixing or money laundering. If the gambling industry wants to continue attracting new generations of sceptical players who care about societal responsibility and sound business conduct, they must embrace AI technology’s potential. They do have a choice.