Even though success in any business cannot be guaranteed, sportsbooks are considered to be safe bets because sports betting has a huge, worldwide audience, including many who do not care about other forms of gambling. When gamblers were left with nothing to bet on due to an unprecedented crisis, one solution may have spelled the future for the industry. The following articles will provide you with all the information you need about virtual sports. While virtual sports are relatively new to sportsbooks and casinos they are gaining traction. When you finish reading this article you will want to head over to virtual sports betting casinos and see for yourself what the hype is about. So let us get started first with what are virtual sports.
Virtual Sports: What are They?
The rules of virtual sports are similar to those of real competitions, but instead of featuring live athletes or horses, the events are simulated by software. The same types of bets you’d find on a real horse race, tennis match, or football match are available to bettors: outright winner, total score, over/under, placings, or parlays.
There is no sport that can’t be simulated in virtual reality, and many providers even offer 3D graphics simulations of matches, fights, or races. In terms of the betting experience, the experience is very similar to betting on real sports, but the final outcome is determined by RNGs.
How Does an RNG Work?
Random Number Generators are algorithms that generate random numbers without any predictability.
The outcome of a virtual sports event is determined by an RNG based on predetermined odds. Underdogs and favorites have varying success rates, but predicting their outcomes is completely impossible – both for players and operators. The technical aspect of virtual sports betting is very similar to that of slots and roulette.
Randomness is very difficult to produce because computer algorithms are predictable in nature. As a result, a typical RNG will either simulate randomness or use a physical source, such as atmospheric noise or fluctuating hardware temperatures, as a base.
RNGs can be configured in many ways in iGaming, with various degrees of randomness, complexity, and transparency.
In order to ensure players cannot discern patterns and predict outcomes, operators must ensure the RNG is sufficiently random. Conversely, players must ensure their outcomes aren’t manipulated by the operator.
Online casinos and sportsbooks seek Random Number Generator Certification from independent labs to verify that their RNGs follow industry standards. Most regulated markets require certification in order to operate legally.
Virtual vs Live Sports
In spite of the differences between virtual betting and live sports betting from a technical standpoint, both attract similar audiences. The betting process involves choosing a sport that appeals to a bettor and then either analyzing the odds or betting based on the bettor’s gut feeling. Ultimately, the experience is similar.
A major difference between virtual and live sports is the speed and frequency of play. Betting on live matches or races is associated with long waiting periods. In contrast, virtual sports are available 24/7, without interruptions caused by holidays or off-seasons. Betting on virtual sports is also much faster than betting on live sports, which enables bettors to place more wagers.
Virtual Sports Betting’s Advantages
Increasingly, sports fans are turning to virtual sports platforms since they are cost-effective. Additionally, virtual sports betting provides customers with the following advantages over traditional sports betting:
- 24/7 Action
- Availability
- Variety of games and improved fan experience
- Reliability
- Increased profitability
- Irrefutable Integrity
Even if you are a fan of live sports, virtual sports are worth taking a look at, they offer many betting benefits as opposed to traditional live sports.
