Cricket is the second most-watched sport in the world, with 2.5 billion faithful viewers. It’s mostly popular in countries with past ties to the British Empire, but it’s an absolute success. The global cricket calendar is pretty busy, with year-round top-flight competitions. Still, it’s not enough for diehard fans who would like to watch a high-stakes match every single day.
With SRL cricket, now they can. Learn more about this new way of enjoying cricket and how it has captivated crypto bettors.
Defining the Concept
The acronym stands for “simulated reality league,” and the concept involves a combination of advanced technologies. Users can watch a simulated match as if it were a video game with nearly cinematic graphics. These simulations aren’t only visually stunning: they use artificial intelligence and big data to create highly realistic matches where both individual talent and team chemistry are considered.
Online sports betting and gambling are vast and multi-billion-dollar industries that never stop growing. Cutting-edge platforms like cryptobetter offer countless sports-inspired casino games and betting markets for all tastes. Most cricket-based virtual games use RNGs (random number generators) but not SRL. Instead, matches are based on detailed statistics of the previous 500 matches and data from Hawk-Eye technology is used to recreate the physics and mechanics of real games.
Betting options are pretty similar to real-life events, including in-play bets, over/under, match results, and tie bets. Likewise, real-life stats and results may affect the odds. The best part is that such games run on most smartphones. Not only do such platforms offer the most advanced gaming options, but they also offer payment methods like cryptocurrencies.
Cryptos off the Bat
SRL cricket was born from the mixture of advanced digital technologies, in which context, cryptocurrencies are warmly welcome. It’s easy to find platforms supporting the most popular cryptos, like Bitcoin, Ethereum, Tether, etc. Crypto betting provides ultra-fast and cheap deposits and withdrawals, even in cross-border transactions. It’s also the perfect option for microbetting.
Hitchhiking on Technological Development
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Cryptocurrencies and blockchain technology constantly drive innovation, and crypto sportsbooks always ride shotgun. Recent developments in both technologies allow for the expansion of decentralized betting, that is, platforms with no owners. Smart contracts make peer-to-peer wagering a breeze, ensuring unbiased execution of results once pre-established terms and conditions are met.
Since decentralized betting cuts out the middlemen, fees tend to be much lower than in fiat-based platforms. The automatic execution of wagers also ensures hassle-free payouts. Crypto sportsbooks have also been benefiting from advancements in cross-chain technology.
While there are countless blockchains on Web3, they can’t communicate with each other unless interoperability protocols are in place. Still, it’s the future of this industry, where platforms will support a wide range of cryptos and other digital assets, like NFTs. Additionally, players can count on multi-currency wallets, giving them access to a wide range of platforms and payment methods.
Crypto punters are all about fast and cheap transactions. In this context, emerging blockchains like Toncoin, Solona, and Base have challenged Ethereum’s industry dominance. Indeed, they address an old complaint of Ethereum users, which is its unpredictable gas fees. In comparison, Toncoin, Solana, and Base have much more stable transaction fees.
How to Find the Best Platforms
There are countless crypto-friendly sportsbooks out there, but of course, they weren’t born equal. While most offer splashy welcome packages and promise loads of benefits, punters should choose their platforms carefully. Fortunately, it doesn’t take much legwork, as plenty of specialized websites and forums are reviewing the hottest names in the industry.
Trustworthy online sportsbooks are aptly licensed by gaming authorities worldwide, as it’s illegal to operate without a license. So, that’s the first thing punters must check before making up their minds regarding a new platform. Business awards, certificates, and high-profile partnerships aren’t mandatory, but they speak volumes about the quality of a website.
Additionally, reliable operators are transparent regarding their bonus policies, deposit/withdrawal limits, fees, and timeframes. Platforms should be crystal clear about their policies and offer multilingual customer service to address players’ questions and concerns around the clock. Above all, these websites must be enjoyed responsibly.
What Lies Ahead
As this industry matures, new possibilities (and business opportunities) emerge. The lines between online gambling, digital ownership, and social interaction will likely entangle even further. With new technologies coming up at neck-breaking speeds, creative minds in the industry find ways to converge them to deliver the ultimate online gaming experience. More importantly, the future is already happening.
Increased Tokenization
Tokenization of in-game assets is already a thing, but its full potential is yet to be explored in crypto sportsbooks. The best part about tokenized in-game assets is that they are no longer tied to that specific game or user. NFTs and other special items earned by one player can be sold to another by cryptos or fiat currency, inserting a play-to-earn logic into sports betting.
Social Betting
Sports betting used to be a social experience, but many online sportsbooks have lost this essence along the way. Crypto platforms are recovering the tradition by adding more interactive and engaging social features like scoreboards and competitions, fostering a sense of community among users.
Metaverse Integration
Metaverse integration is right around the corner, thanks to ongoing developments on Web3. It means a deeper integration with technologies like VR and AR, allowing players to interact in virtual spaces. In other words, players will be able to get 360-degree views of a virtual court and watch simulated live games, having a more immersive gaming experience than ever before.
Final Round
Surely, there’s still room for improvement. The future of this industry relies on implementing cutting-edge solutions, like increased interoperability between blockchains and opening new avenues for gamified tokenomics. Nevertheless, the revolution is afoot: these platforms aren’t just reviving traditional models but redefining them. It’s hard to tell what the next breakthrough in this industry will be or when it’ll arrive. Yet, one thing is certain: it’ll be used to create an even more seamless and lifelike experience.
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