What are the virtual sports
Online sports betting is evolving. Gone are the times when you will have a chance to bet on events in just a few of the more popular ones. Nowadays, you can bet on a myriad of other things, including politics, music events, e-sports as well as virtual sports(VS).
Their name may sound very strange. In fact, they are one of the fastest and simplest forms of betting you can enjoy, but only if you know how. In this article we will tell you everything you need to know about this type of betting. We will also answer some of the most common questions about virtual sports.
The essence of virtual sports
They are computer programs designed to copy events into the real sport, but with a certain level of randomness built into them to ensure that the results are different every time.
In addition to processing the actual sporting event, VS also offer a number of betting markets. The odds offered in these markets are based on the relative quality of the participants competing. They can be “weighed” in the game to create favorites and underdogs. The goal is to reproduce a number of real sports betting markets, but they are specifically for this entirely fictional event.
Players can then place bets on these markets at the odds indicated during the first phase of the event, when the betting period is over. This is a period (usually about 1-2 minutes) during which players can place bets on the markets shown.
Once the betting period is over, the software starts a simulation mode where the event is played in front of you.
This usually takes between a minute and a minute and thirty seconds in total. Most top bookmaker websites that offer VS want one event, including betting and simulation, to last a total of about three minutes.
Upon completion of a virtual sporting event, the results of the event are displayed and the winning bets from each of the available markets are displayed. After these results are shown a short summary page, then a new phase of betting on the next VS event begins.
What virtual sports do online bookmakers offer
In fact, all the types that are offered in bookies depend entirely on which bookmaker you would like to bet on. Some betting sites offer more choice of aircraft than others.
The 3 most popular VS betting bouquets are:
- Bet365 Sport – Horse Racing, Greyhounds, Bikes (Cars and Speedway), Football, Cycling, Tennis, Trotting;
- 10Bet – Football, Horse Racing, Greyhounds;
- Betway – The best virtual football bets.
As you can see, football, horse racing and greyhounds are the most popular VS, but some sites offer more choices.
How to determine the outcome of a virtual sporting event
The odds on each market are worked out in exactly the same way as the odds on the markets and in real sports. This is through the use of a number of factors, each of which influences the odds offered in one way or another.
In a real-life event, you understand the technical part of the game and the relative quality of each of the participating players in past performances. This is not possible in the VS. So what happens here is that each participant “calculates” the software so that odds can be worked out. Accordingly, you will still see favorites as well as outsiders, and the participants may be completely equal.
By weighing competitors in the event, no matter how many competitors there are, the software then has to determine the odds for each betting market and make it available to the players.
3 basic strategies in virtual sports
Analyze the coefficients
Despite the random nature of the results of VS events, there is still a strategy to use while betting. This strategy is to place bets based on odds only.
For example, in horse racing, some horses are more likely to win than others. This is done to make the race more like a real one, since different horses have different strengths and weaknesses. Therefore, when betting on this event, it is better to look at the odds and create a strategy based on them.
You can earn less, but much more often, it’s better to aim for selections that have lower odds, even though you know that bigger odds can make more profits. However, you have to remember that no strategy guarantees victory for this type of entertainment.
Bet on several options
Sometimes the punters (betting people) choose to support more than one selection in a race. This may be advantageous in VS, but only in events with a limited number of participants. For example, in greyhound racing there are six participants, while in horse racing there can be up to fifteen. So, in multi-player, players supporting two selections run the risk of losing twice if neither of them wins.
Bet responsibly
When betting on VS, it is better to bet small amounts, as the result is always unpredictable. This will help players avoid significant losses. It’s one thing to bet on real people, where at least there is some logic at times, it’s quite another to bet on something entirely electronics-based.
In addition, trying to kill the loss is not a good idea as they are more similar to gambling on the casino. That’s why many experts propose to approach it responsibly, as it does with slot machines. The goal is simply to enjoy the experience.
Are virtual sports fair
It’s clear that bookmakers are made to make money, just like they do at the casino. However, they can’t win all the time. There has to be some balance.
Yes, VS are quite profitable for bookmaker houses in many ways, but there are conditions. First, all software must be tested and adjusted to ensure that it meets fair play restrictions. If it does not, the software will not be licensed and companies will not be able to offer it on their site.
Second, the players, after all, are human beings and it makes sense to see obvious things. If a VS event shows signs only for the benefit of the bookmaker and not the player, players stop betting on the bookmaker. Accordingly, this will mean loss of income and bad reputation, and no bookmaker wants such a thing. In short, a bookmaker has too much to lose if he doesn’t play fair but, nevertheless, his chances are far greater than yours, especially in the long run!
The bets on a certain event are elementary, and you get the money you win as soon as it ends, i.e. in 2-3 minutes. VS have no day, hour or date. They are permanent.
You should not confuse (E-Sports) with Virtual Sports. E-Sports are all games practiced by gamers. FIFA, Dota, Counter Strike, etc. and tournaments are held in places such as the picture above.
They have nothing to do with VS, which are the equivalent of real real sports such as football, horse racing, etc., and are purely simulated games. Betinum can advise you to use VS as an alternative, especially now that there are not so many matches, but by no means overdo it. They are for fun and most of the strategies we use for football predictions, for example, do not work, but above we have listed some basic tips to follow.