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Virtual eSports Betting – How does Virtual Betting Work, Best Site

27.11.2022, 17:34

Virtual sports betting is a fast, quick, and easy way for fans of online betting to wager on favorite sports, including esports! Fans of horse races, football, and other sports have the option to play virtually simulated equivalents of the same sports – to learn what the games entail, how to play, the difference between virtual sports and esports, and what the best virtual sports betting sites are, look at the information down below!

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Virtual Sports Types

There are many virtual sports types to choose from

What is Virtual Sports Betting?

Virtual sports betting can be described as computer-generated simulations that imitate actual sports competitions. The result is determined by sophisticated algorithms, which take into consideration both the players' talent and the elements of luck present in actual sporting events - basically, RNG (Random Number Generator).

This type of betting is typically used by online bettors to make wagers on outcomes that get resolved quickly - sign up at a betting site, make a deposit, place a bet on virtual sports, and the player will know the result of the bet within a matter of a few minutes. Not only that, but since RNG technologies are used for regulating the result, the games cannot be rigged in any way.

Also, virtual sports are usually mixed up with esports and fantasy sports betting, even though each one is vastly different.

What Kind of Bets Can I Make?

The bet types differ depending on the virtual sports game of choice – for example, football bets are not the same as horse racing bets. Some of the most used bet types used in virtual sports:

  • Single bets;
  • Correct score;
  • Over/under;
  • Odd/even;
  • Head-to-head;
  • Draw no bet;
  • Handicap;
  • And many other bet types.

Are Virtual Sports Legal and Regulated?

Yes, when a licensed betting site features virtual sports betting options, it can be assumed to be legal and regulated – firstly, the games themselves are created by software providers, which need to be licensed in order for the game to be put up at online sportsbooks in the virtual sports section. And secondly, online betting sites must have a betting license as a seal of approval of the safety and fairness of the platform and must also adhere to the local laws as well - the most notable licenses are provided by Curacao, Gibraltar, Isle of Man, Malta, Vanuatu, and others.

Is Virtual Sports Betting Fair and Random?

Yes, virtual online sports betting is random due to RNG with no way to predict the outcome, and therefore fair and legitimate once put up on licensed and reliable betting platforms. The games use RNG technology to make sure that a completely unpredictable number would be chosen just so that it is purely up to luck. On top of that, virtual game developers and the betting sites with the games are licensed and regulated, which further verifies the safety of virtual sports betting and gambling.

Difference Between Virtual Sports and Esports

The difference is very simple – virtual sports are quick games that can be played, and the outcome is revealed in a matter of a couple of minutes at best. Esports are video game sporting events and tournaments that bets can be placed on, and while both sports betting types sound similar, a distinction must be made due to the innately different nature of the popular games. The games can be wagered on by following an esports betting guide and creating an account using some of the best esports betting sites.

Esports are very popular and often confused with virtual sports. However, bettors who are looking to wager on favorite video game tournaments can use a variety of betting platform options – including those with betting opportunities for live betting on esports, blockchain esports betting, and esports betting apps. There are many lucrative promotions that can be redeemed with esports bonus betting, and typically, the vast majority of the sites offer best esports odds for major real sporting events which can be seen using an esports oddschecker.

Now that the difference between virtual bets and esports betting is cleared up, there is also a distinction between virtual sports and virtual esports - where the latter one is the same thing, but with the sports being replaced with esports simulations with a betting option. Let’s examine a couple of the pros and cons of each one, as demonstrated in the table down below.

Virtual Sports Esports
Pros Cons Pros Cons
Outcome in minutes Can be unpredictable Lots of esports markets Technical difficulties
No need to install Some devices may lag Live streaming events Many unknown teams

Simulated Sports Betting vs Virtual Sports

Without any human interaction, simulated sports betting is conducted on video games that are being played out by different pairs of AI. Placing virtual bets or esports bets at a betting site is not equivalent to these sports simulation games.

With that in mind, the differences and some advantages and disadvantages of both of the betting options are showcased in the table below:

Simulated Sports Virtual Sports
Pros Cons Pros Cons
Can be played anytime Very unpredictable Many sports options Unpredictable
Many games available No human element Games last minutes May potentially lag

Virtual Sports Betting vs Fantasy Sports

Fantasy sports betting allows the player to create a unique made up team, within a selection that the game provides. Because fantasy sports do not provide set odds from a bookmaker, the degree of difficulty is not as severe as it would be for sports betting. Instead, the bettor should focus on specific players and their likelihood of performing well.

In addition, unlike sports betting, which matches the player essentially against the betting platform to earn a profit, fantasy sports betting places the bettor against other players - therefore, instead of an AI, a human opponent must be defeated in a game with two teams. The betting options of the two are shown in the table below.

Virtual Sports Fantasy Sports
Pros Cons Pros Cons
Get money quickly Lags on older devices Create own team Requires some thought
RNG-based Quite unpredictable Play vs real players Less variety of sports

What are the Advantages of Betting on Virtual Sports?

Betting on virtual sports has a pretty solid following of bettors of all kinds of backgrounds, and there are many reasons why it is a gambling entertainment of choice. Some of the advantages are listed down below!

No Time Delayed Between Virtual Sports Games

Virtual Horse Racing

Virtual horse racing is one of the most popular virtual sports

Some major tournaments and real sporting events happen only once a year, and some get delayed due to unforeseen circumstances. With betting on virtual sports, that is never a problem, as a game can be played absolutely whenever it is suitable for the bettor, at any given time with virtual sporting events. And not only that, but once the player is done with one game and wants more, all that is required is a simple click of a button. Also, when it comes to betting, the virtual sports results are shown quickly.

Always Having a Sports Match to Place a Bet on

With virtual sports, players go into a match immediately, and there is no need to wait for a designated time for the event to take place, unlike in real sports. Simply visit the betting platform that is used for betting on virtual sports and play for real money right then and right there, without having to wait for a match to begin – plus, the matches end within minutes either way, making it a very quick option for that.

Less Chances of Something Unexpected Happening During Real Sports

Sometimes, real life can get in the way of sporting events – for example, a tournament can be canceled for exceptionally bad weather. With virtual betting, players do not have to worry about that – no such thing happens in any virtual sporting event as the games are made to be consistent and to provide sports bettors with a way to enjoy favorite sports without having to wait for months for a game to finally start. This certain type of sports betting is simple yet effective.

RNG – Completely up to Luck

Sometimes, one of the two teams in sports games can straight up cheat, or something unexpected may happen. Virtual sports games are created with RNG technology, so only randomly generated numbers are at play – thus, there is no rigging involved, and everything is fair. Because of that, the player who places a bet would have a fair probability of winning or losing the game, all based on luck and correctly predicting the outcome of the match.

Possibility to Quickly Earn Real Life Money

This type of sports betting gives gambling fans a chance at quickly earning real cash – based on luck, of course – within a matter of moments. Normally, sports games can last more than 90 minutes, even over two hours. Some players enjoy that, however, some may anxiously wait and observe the match for such a long time before the outcome is shown. With betting on virtual sports, the outcome is revealed after merely two or three minutes – the games get resolved very quickly, making it a great option to gamble for fast cash in real life.

Higher Profit for Betting Site Sportsbook

Virtual sports are efficient, lucrative, and have a short return period from a financial standpoint. Virtual sports platforms are more economical for betting platform, offer 24/7 betting opportunities, and guarantee steady revenue for the sportsbook of the bookmaker.

Free Demo Versions of Virtual Sports for Without Losing Money

Many of the best platforms provide free trials of a variety of virtual sports, which adds to the allure. These demonstrations provide sports fans the opportunity to gamble without using real money. Obviously, this doesn't lead to actual profits, but it illustrates what to anticipate as well as the basic strategy needed to play with low stakes.

What Kind of Virtual Sports Are Available – Virtual Sports Betting Markets

The virtual sports betting market is filled with options for bettors to try out – a good start would be by choosing a virtual game alternative of one’s favorite sports. A list of the most popular virtual sports that players tend to bet on virtual games can be found down below:

  • Virtual Horse Racing;
  • Virtual Basketball;
  • Virtual Tennis;
  • Virtual Football;
  • Virtual Soccer;
  • Virtual Greyhound Racing;
  • Virtual Speedway;
  • Virtual Moto Racing;
  • Virtual Boxing;
  • And many others.

As the years go by, many more get released, so there will be even more variations of virtual betting markets in the future. There is still a good number of games available now, but fans of rare and unusual sports would need to wait until the virtual counterparts are released – such as bed racing (yes, that is a real life sport!)

Frequently asked questions

Do virtual sports use RNG?

Is it safe to place bets on virtual sports?

Can I bet on virtual sports using my mobile device?

Is virtual sports betting good for sports fans?

Where to bet on virtual sports and how to do that?

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