What is Virtual Sports Betting?
As technology and virtual and augmented realities continue to advance, it only makes sense that such a thing as ‘Virtual Sports’ would become a possibility. A relatively new phenomenon, Virtual Sports betting makes it possible to wager on a whole host of different sporting events 24/7. This makes it easy for punters to place bets even out of season, or where gaps might exist in a fixture list. In a sense, Virtual Sports fills in all of the spaces that would exist in a ‘real world’ online sports betting scenario. As such, plenty of the biggest online sportsbooks in the world, including William Hill Sports and Bet365 Sports, offer a Virtual Sports betting component alongside their ‘real world’ offerings.
How Does Virtual Sports Betting Work?
Understanding how Virtual Sports betting works is as simple as getting one’s head around placing wagers on a match that isn’t played with real players in the real world, but rather simulated by means of computer graphics. In the case of a virtual football match, for example, a list of fixtures is presented along with a fictitious league table, with many of the traditional (real world) markets available. As such, you can wager on who you think the winner will be, as well as the well-known markets such as Overs/Unders, Double Chances and Handicaps. The game is then presented visually (and would look much like a FIFA computer game), with punters having the option to fast-forward the game to the end, so as to check the results then and there. It must be remembered that, unlike esports or online sports betting, there is no human element or involvement in a Virtual Sports game. Complex computer algorithms are responsible for the outcome of any game, much like how Random Number Generators (RNGs) are responsible for the results of online casino games, like slots. Independent verifiers ensure that virtual markets are fair and unbiased – again, similar to an independent regulatory body in an online casino, like eCOGRA.
What Kind of Markets are Available?
Understandably, different sports games have different kinds of markets, both in real world settings and the virtual world. Whatever markets are available for a real world football game, for example, are also available as a Virtual Sports betting market. Bettors can choose to wager on the outcome of a game, as well as in-play, while the game is in progress. Some of the most popular markets include Win Bets, Point Spreads, Handicaps, Parlays and Overs/Unders.
Real Sports vs. Virtual Sports
In the simplest of terms, real sports differ from Virtual Sports in that, real sports are played by actual human players, in the real world. These games take place at specific times on specific dates, and are subject to a number of different factors that could influence the outcome of the match, including weather conditions, player selection, player injuries, coaching strategies and different penalties. Virtual Sports, on the other hand, take place around the clock, and are obviously exempt from the aforementioned factors. They are also much quicker than real world matches, and produce results within a few minutes. This means that Virtual Sports betting markets would certainly appeal to those who enjoy a no-frills, no-fuss betting experience, while the lack of human element may not appeal to those who like some added risk.
Virtual Sports Betting Strategy
As with any form of gambling, whether online or offline, Virtual Sports betting has resulted in an increased number of betting systems that aim to take advantage of prevailing trends. Many of these are decently thought out and devised, and offer opportunities for punters to make minimal profits on a long-term basis, while others promise incredible wealth – but don’t quite deliver. It should always be remembered that Virtual Sports, as far as possible, aims to be consistent with the ‘unforeseeable and unpredictable’ nature of real sports games. As such, it should always be kept in mind that, no matter what market or strategy you choose to put in place, the whole point of Virtual Sports betting – or any form of gambling for that matter – is to provide entertainment, and practising discipline is the key to maximising both your profits and pleasure.
What Virtual Sports Betting System Works Best?
It only makes sense that a bit of trial and error can go a long way in determining which Virtual Sports betting system works best for you. A little research can go a long way, though, and one would do well to stock up on the facts. What we can say here, however, is that a system worth avoiding is the Martingale (AKA the progressive system), which requires a lot of cash to be sustained. Fixed wager systems, or proportional betting systems (like the Kelly Criterion) are far more advantageous. As with anything, find what works for you, comfortably, and know your limits.