There’s a new trend in sports betting industry in form of virtual sports betting. Conducting sporting events virtually through computer software opens up entirely new channel for bettors and sportsbooks worldwide.
What actually are Virtual Sports?
In essence, virtual sports are video games where software is used in order to play out sporting events, contests or races. Advanced and complex algorithms are used in order to determine the results. It accounts for the participant’s skill and experience and somehow, a bit of luck in real-world sports events.
Computer generated graphics from virtual sports are typically advanced and look as if you are playing from gaming consoles, but is short of watching TV. Virtual sports then gained traction as an avenue among sportsbooks to provide action without really having to be physically present in live events.
Understanding Virtual Sports
Virtual sports are in existence for almost any popular sports all over the world. But some of the most popular sports hosted virtually are:
- Horse racing
- Dog racing
- Motor sports
- Tennis and;
- Football or soccer
Legality of Playing and Betting on Virtual Sports
Whenever licensed and known bookmaker offered virtual sports betting, it may be assumed as legal. Those sportsbooks or providers of virtual sports has received regulatory approval in offering games in jurisdictions to which the product is being offered.
There are actually a lot of unlicensed and unscrupulous offshore bookmakers who did not undergone proper regulatory vetting process. Thus, you need to be aware of the bets you place to some virtual sports at these books.
Betting virtually on sports is pretty much the same when betting on real-world sports events. What happens to be the difference is, bookmakers are the one who determines the virtual events that takes place, normally at regular intervals and fast-paced.
On top of that though, the mechanics are pretty simple with sports betting. Typical bet will be about betting on who is going to win in the event such as horse race or football match, which is based largely on money line or odds. There are many different types of proposition bets that are available for every virtual sports event. To give you example, trifectas or exactas in horse racing or several other goals that’ll be scored in soccer match.
Do Your Research
Just as what you do when playing in online casinos and play online slots, bet on virtual sports and whatnot, take the time to read reviews first. This will help you to come up with a general idea of what to expect as soon as you start playing.