What Is Virtual Sports Betting – Understanding the Basics
Last Updated: November 10, 2022
With the rise of online betting and the emergence of many different betting niches, virtual sports betting has attracted quite a fanbase over the past few years.
Virtual sports betting is convenient, instantaneous, and eliminates the human factor from the game since everything is simulated.
That said, as a relatively new trend in the betting world, virtual sports betting is surrounded by some misconceptions.
On this page, we’ll discuss everything you need to know about virtual sports betting, the markets and bets that come with it, and its legality.
What Is Virtual Sports Betting?
Virtual sports betting involves betting on the outcomes of games simulated by computer algorithms or an RNG (Random Number Generator).
Much like in some casino games, results are always fair, random, and unbiased. Every bettor sees the same game schedule and outcomes, and there is variety of options available on sites like 789betting.
It’s key to differentiate virtual sports betting and eSports betting because the two have some significant differences.
Esports involves human influence, as professional gamers are playing the games you’re betting on. Opposite to this, virtual sports betting is entirely simulated and relies on computer algorithms.
Another interesting thing about virtual sports betting is that all the teams and players you’ll be betting on are entirely fictional.
If a betting site wants to use any real team and player names, it has to pay licensing fees to the trademark owners, and these fees can often be sky-high.
For this reason, nearly all bookmakers for all virtual sports use fictional names that only resemble their real-world counterparts.
How Do You Place Virtual Bets?
So, understanding what virtual sports betting is, let’s move on to the next essential step – how do you place bets on virtual sports?
Starting with the types of bets you can place, the majority of bets that are in conventional betting are present in virtual betting. From simple straight bets to over/under and handicap betting, you have a multitude of betting fields to choose from.
With that in mind, placing virtual bets is the same as betting on football, basketball, or any other traditional sport. To place a virtual sports bet, just log into your online betting account and choose what you want to bet on.
Fill out the betting slip and enter the stake you wish to wager, just like you would when betting on any other sport.
The main difference between traditional sports betting and placing virtual bets is that you always get instantaneous results with the latter. The matches only last a few minutes, so you don’t have to wait a long time to find out the outcome of your bets.
Another significant difference is that you don’t have to wait for game day to bet and watch the game. You can bet on almost any sport you want at any time of day or night.
In other words, what makes virtual sports betting so convenient is that it provides on-demand content.
What Virtual Sports Can You Bet On?
When it comes to the variety of virtual sports betting available markets, you can enjoy nearly as many options as there are for traditional sports betting.
That said, just like in conventional betting, there are a handful of sports that lead in popularity among punters. These include football, tennis, horse racing, greyhound racing, and basketball.
Is Betting on Virtual Sports Legal?
The answer to this question primarily depends on your location. In other words, it’s influenced by whether or not betting and gambling are allowed in your country.
t’s best to do some research on this to determine the legality of betting in your location.
That said, if you can access various legal and licensed online bookies that offer virtual sports betting, the activity is most likely legal, as the bookie would have gotten approval from a governing regulatory body.
In line with that, you should always avoid virtual sports betting at unlicensed offshore sites, as they can often be unsafe. Not only could they be illegal, but they could also be fixing virtual bets to scam their customers.
Betting on Virtual Sports – The New Betting Trend
Virtual sports betting is undoubtedly one of the most popular new trends to come up in recent years. And, the best part is that it’s still evolving and will only get better with each passing year.
As we’ve highlighted above, virtual sports betting comes with some great advantages that make it very worthwhile.
It’s convenient and available around the clock, as you can find online virtual games 24/7. Virtual matches never get canceled or delayed for external reasons.
Moreover, new matches are added every minute, and every game is fast-paced, providing prompt and exciting outcomes. Overall, virtual sports betting is an up-and-coming market and one you should try out if you’re a fan of traditional sports betting.