Virtual sports betting allows bettors to wager on computer-generated sports matches and events. With virtual sports betting, outcomes are determined by an algorithm rather than actual gameplay. While it may seem odd to bet on simulated sports at first, virtual sports betting has become an increasingly popular form of online gambling.
What Are Virtual Sports?
Virtual sports are digital recreations of traditional sports like soccer, basketball, horse racing, and other disciplines. Using complex software, virtual sports leagues and matches are simulated on screen. The virtual games feature 3D animated graphics and commentary to mimic real sporting events. However, unlike esports, virtual sports outcomes are determined randomly rather than based on actual gameplay.
Although virtual, these sports may seem very realistic. The software generates hundreds of unique teams, players, and virtual venues. The simulated matches follow the rules and duration of their real-life counterparts.
How Does Virtual Sports Betting Work?
Virtual sports betting works similar to traditional sports wagering. Bettors can place pre-match bets before the simulated event begins based on odds provided by the bookmaker. Live or in-play betting is also available once the match is underway.
The range of bet types offered depends on the virtual sport. For example:
| Sport | Common Bet Types |
|---|---|
| Soccer | Spread, moneyline, totals, props |
| Basketball | Spread, moneyline, totals, props |
| Horse racing | Win, place, show, exacta, trifecta |
Parlays combining multiple virtual bets are also common. Payouts on winning bets are determined according to the posted odds at the time of the wager. Unlike real sports, the results of virtual competitions are produced by algorithms rather than natural gameplay. Outcomes aim to mimic realistic probabilities over many events.
Virtual Sports vs. Esports
It’s important to note that virtual sports are completely different from Esports. Electronic sports involve real human players competing in video game competitions and tournaments. Popular Esports games include League of Legends, Dota 2, Counter-Strike, and more. In Esport disciplines, outcomes are based on actual skill and gameplay, not random number generation like virtual sports. Video game matches can also be wagered on, but function as a form of traditional sports betting.
Availability and Legality
Virtual sports betting is available through many online sportsbooks and casinos worldwide. However, legality varies across different countries and jurisdictions. In the UK, where virtual sports are popular, bookmakers are licensed to offer virtual betting. In other European nations like Germany and Italy, virtual sports are prohibited.
In the US, just a few states such as New Jersey and Pennsylvania allow regulated virtual sports betting currently. The legal status depends on each state’s gaming laws. Many unauthorized offshore sites also offer virtual betting illegally across the US.
Advantages for Bettors and Bookmakers
Virtual sports betting provides advantages for both bettors and bookmakers. For bettors, virtual sports offer constant action without wait times between events. Games run continuously 24/7. The simplicity and speed of virtual games also allows for quick, low-risk wagers.
For bookmakers, virtual sports provide a reliable stream of betting activity between real events. Operating costs are low since virtual sports are automated. Virtual betting expands product offerings and attracts new demographics of customers.
Key Differences From Traditional Sports Betting
While similar to traditional sports wagering, virtual sports betting has some unique attributes:
- Outcomes are computer-generated, not based on real events or performances.
- Matches and events run continuously around the clock.
- Seasons and schedules are simulated, condensed, and repetitive.
- Odds and lines do not shift based on real factors like injuries or team performance.
- Results are quicker than real sports – a simulated soccer match takes just 5 minutes.
These differences allow virtual sports betting to fill downtime between real events. The nonstop action provides constant wagering opportunities.
Conclusion
In summary, virtual sports betting involves wagering on computer-generated, realistic sports simulations. While not based on actual competition, virtual sports offer an authentic betting experience. With matches continuously generated around the clock, virtual sports betting fills gaps between real events. The convenience and nonstop availability explain the rising popularity of virtual sports betting worldwide.
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