How does Virtual Sports Betting work?
Not every sporting betting opportunity on an online sportsbook features real-life competitors. They also include a virtual sports betting section that has events being held throughout the day. This article takes a look at why there are virtual sports included at online sportsbooks and how to bet o them.
- The arrival of virtual sports betting?
- How they work
- How to bet on virtual sports
The arrival of Sports Betting?
With there being so many betting opportunities on real life sports, you may wonder why there is the need for virtual sports betting. They proved to be very useful in the High Street bookmakers as they tried to attract new customers and keep current ones occupied.
One problem in the UK was the poor weather that caused events, particularly horse racing to be cancelled. This left shops without a great deal to offer their customers, so virtual sports such as horse racing were launched. With races being held every few minutes, it also gave gamblers the chance to have something to bet on while sorting out their bets for the day. Soon, other virtual sports such as greyhound racing, speedway, football, tennis, cycling, and motor racing were launched giving customers more and more to bet on.
When online sportsbooks began to arrive, virtual sports became an important part of the site. They had their own sections with events taking part 24/7.
How they work
But how does virtual sports betting work? You have to remember that these are virtual events or as some unkind customers describe them ‘cartoons.’ One of the joys of virtual sports betting is the names that are given to the competitors.
The virtual sports are actually fixed odds events that use a random number generator to determine the winner. No need therefore to be spending time going through the form books. Each of the competitors will be given odds on them to win the event. These are generally good odds with no heavily odds on favourites.
You can bet on the winner of the race or place an each-way wager. A straight forecast bet (correctly choosing the first two home in the right order) or Tricast (the first three finishers) can also be placed. With decent odds available, it is possible to get some good returns. With virtual football, you can bet on the match results, under or over, a double chance or correct score.
The event is then held, with some pretty good graphics being shown. You are not able to cash out any bets placed on virtual sports. With the result being determined by the random number generator, you can just place bets on your favourite number or name. There won’t be any recriminations afterwards if you don’t win unlike when backing horses just because you like their name.
How to bet on Virtual Sports
It is not advisable to spend a great deal of time betting on these virtual sports events. There isn’t any skill involved in picking the winner, it’s just all down to luck. Placing high stakes on a virtual sports event isn’t recommended either. Save that for bets on competitors that actually have a heart beat. Betting on virtual sports should be seen as a bit of fun with low stakes that might just produce some winners. If you do incur some losses, stop playing them and head back to real sports events where you can do some research and have a better chance of winning.
More about betting opportunities
- Sport Betting Advice : Our Comprehensive Guide
- What is the Cash Out?
- What is Bet Builder?
- How does live betting work?
- How to win your live betting?
- What is spread betting?
- What does SP mean in betting?
- What is the Double Chance bet?
- What is the Both Teams to score market?
- What is Over and Under Market in Sports Betting?