The world of sports betting is always evolving, and with the advent of digital sportsbooks and bookmakers, bettors can bet on all kinds of sports online and different aspects of sports. Whether it’s a goal scorer in soccer or a player making birdie on a particular golf hole, bettors have a lot of freedom in the world of sports betting. One of the latest developments in the market is the addition of virtual sports that bettors can bet on. It is a sport played in virtual reality and is played with the same random outcome mechanism as in many digital betting games. Here at OddsMonkeywe’ll look at what virtual betting is, how it works, and how bettors can use it.

What Are Virtual Sports?

Virtual sports are games played in different ways that mimic real-life sports, such as football, horse racing, and more. Bettors can watch them while placing bets on them. Just like regular sports betting, each team is given odds on how likely they are to win, and bettors can make different types of bets, such as accumulator bets or single bets. If users want to place this bet, make sure to use our bet accumulator calculator and ours single bet calculator.

These virtual sports cover all types of sporting events; they are also available for users to bet on at any time, as a new round or event will start every few minutes. This allows bettors to take advantage of the opportunities available in these bets whenever they want.

The results of these virtual sports are completely determined by algorithms, so aspects such as form or past results have no impact on gameplay, unlike real-life sporting events. In the absence of these elements, virtual sports are known to be more similar to casino betting than sports betting due to the randomization of outcomes.

It is also important for bettors to remember that these virtual sports are not the same as Esports, which is competitive video game betting. Virtual sports are simulations of real-life sports, while Esports is the act of players competing against each other in various video games such as CS GO and FIFA. If users are interested in learning more about Esports, check us out Esports betting guide.

How Does Virtual Sports Betting Work?

As mentioned previously, virtual sports are based on algorithms, which means they are primarily based on luck. However, each team or selection is given odds of how likely they are to win. For example, if England face Denmark in a virtual football match, both teams will be given certain odds on how likely they are to win, while there is also a draw option that users can bet on. These odds have no direct correlation to team performance, but will give bettors a good indication of who is most likely to win the match.

Since this is a virtual game, some users may have doubts about how safe this game is to play; however, just like online casino games, they all feature an RTP (Return To Play) percentage that must be adhered to. This means users betting on virtual sports at any reputable casino can be assured of the legal and fair results provided.

However, since these games can be played sequentially, bettors can easily continue playing and chase losses. Make sure you bet responsibly and monitor your bankroll when playing these games.

Matched Betting In Virtual Sports

When the time comes matched betting In virtual sports, there is no way for bettors to use traditional betting methods, such as placing a back bet and a lay bet on the same event, because betting exchanges do not accept lay bets on virtual sports.

However, many online casinos and bookmakers will provide different virtual offers that bettors can take advantage of. If you want to take a deeper look at our virtual sports betting offerings, we have a virtual betting offers guide which is very suitable for bettors who want to maximize their virtual bets. With this guide, bettors can also use our guide expected value calculator to find out whether the offer has a positive or negative expected value in the long term.

Although matched betting does not work in virtual sports, there are many other ways bettors can make matched bets in different ways. To find out all the different ways in which bettors can place matched bets, check out our very detailed and extensive matched betting blogwhich is available on the OddsMonkey site.