One category of real-money gaming that was somewhat niche up until the Covid 19 pandemic of 2020 was that of virtual sports. Sports betting has been around for centuries, focussing on forecasting the outcomes of pretty much any sporting event you can imagine but typified by horse-racing in many countries where that was one of the first legal forms of such gambling. But what are virtual sports? Let’s saddle up and study the form. New Customer Offers, T&C’s Apply, 21+, Wagering Requirements Apply apply to each of the offers below, click “Get Bonus” for more information.
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Virtual Sports Betting
The term virtual sports has come to classify a range of betting entertainment that are still fixed odds games, in common with traditional casino fare such as slots, Roulette and Baccarat, but are presented as if betting upon a real-world sporting event. The event itself is fictitious – no real horse actually races, no human team battles it out on a muddy pitch – but there is a virtual recreation of that event preceded by betting markets on the possible outcomes as if it were real.
Some virtual sports are even scheduled as if real-world competitions rather then being played out once a player’s confirmed their virtual bet slip! It may seem a little curious at first – why bet on a sporting event that isn’t really happening? – but the buzz of virtual sports betting appears to be very real judging from the number of online casinos that now offer it. Indeed, as mentioned in the introduction of this article, the impact of the Covid 19 pandemic in suspending sports around the world for such a significant time has fuelled a substantial rise in interest and participation in virtual sports betting.
So if no four-legged beast races, no football team clashes or tennis players grunt what on earth is creating the final result you’re betting on? Well, like all virtual online casino games you’ll find an RNG (Random Number Generator) under the bonnet settling the score.
Each possible outcome in the virtual sport’s betting market has an assigned mathematical probability (its true odds) and if the RNG spits out that number, the event ‘happens’. The offered odds for an event will be less than the true odds of it happening, to give the operator their long-term profit like a true bookmaker, but the RTP figure associated with this are reasonably consistent with other games found at online casinos.
Virtual sports betting obviously can’t compete with the true experience of real sports betting, however it offers a convenience that has lots of appeal and, as recent history has clearly demonstrated, makes for a very acceptable substitute when ‘the real thing’ is in short supply.