Modern technology is about to change the traditional ways of human civilization. Of course, this is not something that happened for the first time. Just think about all the technological breaches made in the past. Each made living conditions for humans different, and civilization needed to adapt. These days, digitalization is continuously adopted by various industries. Nevertheless, we believe this is just the beginning.
The industry that suffered the most changes in the last couple of years is the gambling industry. Therefore, you will see that gambling websites continuously adopt various technologies to stay relevant. Sure, this is not easy since there are so many of these to follow. We are talking about an ongoing process requiring much time and patience. The latest change in the industry is how gamblers bet on horse races.
If you want to check out how horseracing betting functions today, then be sure to visit racing.fanduel.com. Those with experience with it know that it is widely different from what it used to be back in the day. Today, we will discuss the future of horseracing by focusing on technological innovation and advancements. Without further ado, let us talk about this subject in detail.
1. Data Analytics
Regardless of industry, data analytics is among the most widespread emerging technologies worldwide. When discussing data analytics in horseracing, Japan and Hong Kong pioneered this technology. Today, you will see that it’s widespread, and you can find practically all the most reputable gambling sites that offer this game. Analyzing data is hard these days because of the huge amounts.
Therefore, it becomes almost impossible for humans to do it individually. To make things easier, numerous sites have decided to implement data analytics. Website owners can gather and analyze vast amounts of data using complex algorithms. In this case, they can analyze the performance of both jockey and a horse, track, and weather conditions. Each influences the outcome of the match and helps with determining the odds.
These days, modern horseracing cannot be imagined without using data analytics. As we have said, the first place where this approach was implemented was East Asia. However, you will see that the situation completely differs from what it used to be. The system has become so complex in the meantime. Using this approach, the sites can make certain procedures significantly faster and spend fewer resources.
2. Tracking Software
Another technology that has gained momentum in the gambling industry, especially in races, is tracking software. What does this mean? The tracking software lets us gather data from horses and see their performance. By doing so, the gamblers can track a horse’s performance and current ranking during the race. It makes the whole procedure significantly easier than it was before. So, nobody should be surprised why this is the case.
But this is not the only benefit of using this technology. For example, using tracking software makes it possible for horse owners and trainers to monitor the health of their horses by focusing on their weaknesses and strengths. Using this software helps with training the horses. Later, some of these figures are presented to the gamblers. That way, they have enough information to decide what they will bet on.
Gathering all this knowledge is impossible without the right technology, in this case, tracking software. On the other side, getting the optimum from the horse on race day is a must, and this technology helps. The information about the horses is transparent, which helps the gamblers decide. Of course, understanding the basic concepts about horses and how they perform is necessary before this can lead to success.
3. The Ground
It’s crucial to make the ground as efficient as possible for racing. Otherwise, the racers will likely not decide to participate in the race. Thankfully, the newest technology makes it possible for the ground to be as good as it needs to be. Using technology, those responsible for the maintenance will control the complete court and ensure all standards are met. It’s important since many horse owners would decline for their horses to participate if it were otherwise.
There are many software used for the maintenance of the ground. For instance, you will see that all the United Kingdom grounds use a tool called GoingStick. Naturally, this is not the only one. Choosing between all of the options available depends on numerous aspects. But generally, they all provide enough help for those responsible for ground maintenance. You will agree that this will make horseracing even more attractive.
4. Live Streaming
Finally, we want to address live streaming. As you probably know, live streaming is widespread in the gambling industry. You can see it in poker and roulette rooms. Therefore, there was only a matter of time before horseracing adopted the same concept. Gamblers from all over the globe can now watch the races live. By doing so, the websites allow everyone to participate in betting at once.
But we can see that a platform offers just more than a live stream. They usually come with many other features, such as replays, past performances, and guides. With that, it’s possible to enjoy all the potential outcomes of the race by monitoring all the most significant elements. Gamblers can have a much better idea about what they can get from the race, which is a useful future gambling experience.
There are two main elements you need to go through from this point. For example, we discuss the traditional sense of live streaming and creating races through virtual reality. Both approaches are quite widespread, and it is just a matter of preference for gamblers. When you check out some reports on the industry, you will see that live-streaming real races is slightly more popular than those created by virtual reality.
Even though many would presume that horseracing is not as popular as it was decades ago, we can see that the new technology will revolutionize it completely. Here, you can see how the future of horseracing will look. We are certain you will find this insight to be informative and entertaining.