You may have heard this term before, but few people actually take their time to research what it’s about. At first glance, you might think that virtual sports refer to video games such as FIFA, NBA 2K, Madden NFL, and so forth.
However, you’d be far from the truth. Virtual sports aren’t exactly playable as the previously-mentioned examples are. The virtual sports people are talking about are those that involve betting based on real-world statistics and much more.
Virtual Sports Summarized
If we were to summarize virtual sports in a single phrase, it would simply be a combination of fantasy sports and management-style video games. Their shtick is to allow people to bet on matches, players, and every other aspect just as they would bet on real-world sporting events.
In layman’s terms, you could say that virtual sports are simulations of real sports. To give you a more palpable example, a virtual football league software takes statistics from the real world, and uses those statistics to simulate matches, winnings, and further balance out the betting odds exactly as they would be in the real world.
While the way the artificial intelligence algorithm works and processes the information is somehow mysterious for those who don’t work in the industry, one thing is clear as day: it works. simulations of real football matches take into account the basic rules from real football – such as league, world cup or domestic cup matches – and apply them accordingly in the virtual environment.
Differences Between Virtual Sports and Real Sports
Of course, the best way to get a better understanding of how something works is to compare it to its more popular counterpart. If you’re familiar with real sports, you’ll find a lot of similarities between them and the virtual ones. And if you’re into gambling, then you’ll most likely find it extremely difficult to differentiate between the two processes, as they’re practically identical.
The main downside of real-world sports is that events and matches aren’t available around the clock. With virtual sports, you can find events to bet on or to watch non-stop. Not only that, but you can fast forward or rewind through a match at your leisure. And if you’re a bettor, you can skip the match altogether and see the results of your gamble.
Do you like crisp graphics? Because virtual sports use some of the latest virtualization technologies to seamlessly recreate the atmosphere found on stadiums. It practically makes you feel as if you were there. The only downside is that you can’t take a VR headset and place yourself inside the crowd. At least not yet.
Regulations and Betting
Due to the fact that virtual sports are relatively new, there aren’t as many regulations for them as there are for betting in many countries. You are more likely to be able to bet on virtual sports than on real sports events in numerous instances.
What do you think of virtual sports? Will you try them out or do you think they’re not for you? Let us know in the comments below, and share this article with others so that they can also express their opinion on this subject.