Virtual sports betting flourished during the Covid-19 pandemic. During the lockdown, when there was a halt on live sports matches, virtual sports took the reins of online sports betting and allowed punters worldwide to bet on simulations of real sports.
Even after the pandemic, when live matches resumed again, the craze for virtual sports among bettors never dipped. As a result, there has been an increased demand for virtual sports betting app development as sportsbook operators see it as a lucrative segment with high revenue potential.
What are Virtual Sports?
Virtual sports are simulations of real-life sports matches with virtual athletes and teams. It uses computer-generated graphics that mimic real sports and create realistic movements for higher engagement. Virtual sports provide an almost real-life experience of sports matches that can be enjoyed at any time of the day or night. It is available 24x7 unlike real sports betting which requires a live match to bet on. The availability of virtual sports makes it a very sought-after segment of sports betting among fans.
Virtual sports have been around for decades and the very first virtual sport was a baseball simulation game created by John Burgeson in 1961. The technology has advanced significantly since then and now virtual sports use complex algorithms and an RNG system( Random Number Generator) to determine the outcome of the match.
Key Features of Virtual Sports
Virtual sports are very sought-after by online betting fans. These are some of the key features of virtual sports betting.
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Features |
Description |
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Top-notch graphics |
Virtual sports use computer-generated simulations of real matches. These games provide realistic images and movement coupled with motion animation for an immersive experience. |
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Motion capture animation |
Motion capture technology produces mind-blowing realistic 3D graphics and animations which are difficult to distinguish from the real thing. |
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Fair Gameplay |
Virtual sports betting features fair gameplay. RNG and complex algorithms determine the outcome of the game. |
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Availability |
One of the best features of virtual sports is that it is available 24x7 so punters can enjoy the game at any given time. |
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Suitable for beginners |
No skills are required to bet on virtual sports as the outcomes are generated using the RNG system The games heavily rely on luck which makes them a great option for beginner punters. |
How do Virtual Sports help Businesses?
The advent of virtual sports was a boon for online betting businesses. For instance, virtual sports were the only source of income for these businesses during the pandemic. As live matches came to a halt, virtual sports became widely popular among the masses. Virtual sports provide a lot of benefits for business owners and it is a business with a high return on investment.
Here are some of the advantages of the virtual sports betting business for business owners.
Stable Income
The main motive of any type of business is profitability and revenue generation. Virtual sports betting matches are short and happen round the clock, allowing online gamblers to constantly make their bets. The fast-paced nature of the matches and the 24x7 operations of the business ensure a stable income for the virtual sports betting platform.
Variety of Games
The bigger the game library, the bigger audience. Virtual sports betting software features a variety of games like horseracing, dog racing, motorsports, American football, soccer, baseball, basketball, etc. This gives gamblers the option to bet on multiple sports which increases your revenue. A big game library also has the potential to attract more users as they are also looking for a platform where they can bet on all of their favourite sports.
Suitable for Beginners
Since virtual sports betting doesn’t require any skill to bet, it is the optimal choice for beginner punters. Virtual sports betting heavily relies on luck since the outcomes are determined using algorithms and RNG systems. This makes it easier for punters to bet since they don’t need planning and diverse strategies to make a choice. This makes virtual sports betting the perfect choice for beginner bettors which are attracted towards it.
Availability
The betting platform is available 24x7. Unlike conventional sports betting which requires the availability of a real sporting event, virtual sports are computer-generated simulations of real sports and are available round the clock. The round-of-clock availability of the platform ensures good traffic and allows punters to bet from any place at any time.
No Outside Interference
Traditional sports matches are affected by various factors like weather conditions, player injuries, etc. However, this is not the case in virtual sports betting. All the matches conducted are computer simulations and are not affected by outside interference. This ensures smooth sailing of operations on the platform and bettors can enjoy an uninterrupted experience.
Game of Luck
Bettors are up against a computer program that generates outcomes using technologies like RNG. The house always has an edge in virtual sports betting. The main factor that determines your winning is luck. Due to this, virtual sports betting software generally enjoy huge profits, as it is quite difficult to keep winning solely based on luck. You can win a certain amount using your skill and game knowledge but like casino games, it heavily relies on luck.
Conclusion
Virtual sports betting is indeed a very profitable venture. The short time duration of matches and round-the-clock availability ensure good traffic and bettors can constantly enjoy interactive betting. Moreover, the game’s outcome is based on luck and the house has an edge over the punter so the business has high revenue potential. If you want to enjoy maximum ROI, you can hire a sports betting software provider to develop your own betting platform.
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