Somehow, the success of online live sports betting paved way for the creation of another betting product known as virtual sports.
These products follow a similar principle, but operate differently. Likewise, they offer unique benefits and advantages, which make sports betting more exciting and lucrative.
Punters and bettors alike are encouraged to know the distinct characteristics of these two in order to be more effective in their betting decisions and strategies.
What is sports betting?
Sports betting, or online live sports betting for those who prefer to bet online is a popular gaming product.
Its main objective is to predict the outcome of a particular match or game. Depending on your preferred bookie, this product usually covers a wide spectrum of sporting events.
Other bookies focus on basketball while there are others, which prefer football. Some cover both sporting events. Bigger bookmakers, however, tend to cover as many sporting events as they can. Thus, do not be surprise to see odds offered for games such as mixed martial arts, boxing, billiards, darts and many more.
There are different kinds of bets offered in online live sports betting. In general these are:
- Straight or single bet
- Proposition bets
- Spread betting
The online live sports betting factor
Why play online live sports betting?
One of the reasons behind sports betting’s uncontested appeal is the thrill and excitement that it brings.
To be successful, bettors invest time in studying the team’s performance. They analyze on how a particular squad fared in a tournament. Sports betting has slowly transformed into a competitive sporting activity, which requires extensive research and team monitoring.
Some bookmakers also provide live streams of the ongoing match, thus, making betting even more fun and thrilling.
Virtual sports—an emerging betting catalyst
Virtual sports is pretty much like fantasy sports. In fantasy sports, bettors create their own dream team. They manage the squad and compete with other fantasy sports enthusiasts. In other words, everything is imaginary.
As for virtual sports, the team is already built and only the match is imaginary.
Virtual sports, what to expect?
With virtual sports, bettors can wager 24/7 since the matches are simulated. Each game will only last for about ninety (90) seconds or three (3) minutes. This is in stark contrast to actual sports betting, which usually consumes 48-90 minutes.
Due to the fast-paced nature of virtual sports, members can wager on different matches in one sitting. Likewise, there are no off season in this betting product since all the games offered are imaginary.
It also spares the punter for doing research and is great training camp for newbies.
Which is better?
On a closing note, it is evident that both virtual sports and online live sports betting have their own set of strengths and weaknesses. As the old saying goes, one man’s wine is another man’s poison. Determining the more profitable product depends on the availability and strength of the punter’s betting capability and risk appetite. Once these issues have been successfully addressed, only then can a bettor identify the perfect betting product.
At the end of the day, what is really more important is that a punter had fun and of course, profited from these product offerings.