Virtual sports is a mix of sports betting and the randomness of online casino games. It is one of the most exciting games to bet on, as you can win some of the most rewarding payouts possible.
Online sports betting has become increasingly popular, and virtual sports adds a new spin to it. These innovative virtual sports are not dependent on the real-life sports matches you’re used to, as you’re betting on simulated matches, which is a superb addition to your gambling portfolio.
Virtual sports is a unique form of gambling, as it allows you to place stakes on the outcome of simulated sports matches. Compared to traditional sports betting, you can place bets on simulations, but they’re based on real-life matches.
You are betting on matches designed to mimic the experience of traditional sports betting. However, it’s a bit faster-paced and has a visually engaging simulation in front of you. The simulated events use advanced algorithms and random number generation to determine the outcome of the matches you’re betting on.
Like traditional sports betting, you must make a successful bet and get amazing rewards. Depending on your wager, you will get a payout by looking into the odds for the markets you’re betting on. After that, you just have to go to the live stream and enjoy the payouts you can win when you make a successful bet.
When you think about fantasy sports, you’re more likely to associate it with the age of online. However, it’s been around since the 1980s. Sportswriter Daniel Okrent invented the first fantasy league and the rest is history.
By 1999, an official organisation was formed in America. It was named the Fantasy Sports & Gaming Association (FSGA). From here, fantasy sports grew into a well-known industry in mainstream America and the world as a whole.
In 2003, the FSGA made a survey and found that 15 million people were playing fantasy football. It was apparent how much of a huge industry it was starting to become.
By 2013, it was estimated that 21 million people played fantasy sports. Fantasy leagues started to offer all sorts of sports, including esports.
Nowadays, millions of people play fantasy sports. Its market is expected to grow by $9.34 billion from 2020 to 2024 worldwide.
The United States is seen to be the most active with their preference ranging from fantasy baseball to gridiron football. On the other hand, Europe is also experiencing a surge of fantasy sports players.
According to data gathered by the Russian Association of Game Business Development, there are about 5 to 6 million fantasy sports players who are keen on seasonal fantasy sports in Europe. Association football is the most popular fantasy sport in the region with the Fantasy Premier League getting more or less 3.6 million player registrations in most seasons.
In Canada and the United Kingdom, fantasy hockey and association football are the most prevalent games, respectively. Other fantasy sports that are widespread across the world include tennis, cricket, and Australian rules football.
Major sports media outlets such as ESPN, Yahoo Sports, Fox Sports and other specialised websites host a wide variety of fantasy sports. They offer free and paid leagues that yield payouts and prizes if a participant wins.
Esports have highly anticipated events such as the Fortnite World Cup, League of Legends World Championship, BlizzCon 2020, and Capcom Cup. These events are mostly hosted every year, so gamers and spectators alike look forward to them.
Fantasy sports are a great leisure activity when you’re dragged into season-long events. They’re fast, convenient and allow people to have a great deal of freedom. You can play anywhere and anytime you want, so what’s not to like?
It also makes sports more interesting than it already is. You also get to practice a more objective and keen perspective when you follow a league. It broadens your knowledge outside of your favourite sports team and even boosts your research and data-related skills.
All the while, you build camaraderie and relationship with other players. Of course, what’s possibly the best thing about fantasy sports is the money in it. At best, you get to walk out with a decent amount of money after enjoying a game!
Due to its market and trends, crypto has a genuine application that will stand the test of time. This means it is well on its way to establishing itself into fantasy sportsbooks for good. It’s just a matter of time, so you might as well give it a try. We guarantee you’ll be pleasantly surprised.
Aside from the fresh and new takes on the old format of fantasy sports, crypto fantasy sports is also a great tool for those looking to learn more about the digital coin.
With crypto fantasy sports, you benefit from the same edge these digital assets have over fiat money.
One of its benefits includes fast and easy withdrawal with lower fees. Moreover, it offers transparency, visibility, and security. Crypto fantasy sports eliminate the scandals of trust and make it impossible for the platforms to carry out fraudulent activities. It speeds up the automation process in order to further eliminate tampering on the platform.
What’s more, service fees are reduced based on the removal of third-party involvement. This leads to larger prize pools and better odds that subsequently increase player participation.
Fantasy sportsbooks have seen trends such as the use of fantasy sports for brand promotion. There have been a lot of giant brands that focus on using fantasy leagues to market their products.
These promotions such as the purchase of ad space, creation of hubs for exclusive access to analysts, and contests for hub members target high-income customers ranging from 25 to 50 years old. This is expected to grow well over the next few years and promote market growth.
There is also an influx of various apps for fantasy sports that further boost its popularity. The most recent course for the industry lies in crypto fantasy sports.
Esports’ massive success opened sufficient room for the betting sector. At first, spectators and punters would settle for skin wagers through third-party sites. It was between 2014 and 2015 when online sportsbooks gained licenses and regulations to host esports markets. The most popular were—and still are today—Dota 2, Counter-Strike: Global Offensive (CS:GO), and League of Legends (LoL).
Now that esports betting is legal, bettors are more confident to support and earn profits in safer networks. In 2019, statistics reported that profits were worth $1 billion, and no trends indicate signs of slowing down.
Then again, safety and winnings are not enough when new technologies can provide more. With esports crypto betting, benefits like transparent transactions, convenient services, and generous promotions are easily viable.
Blockchain powers digital currencies. First outlined in 1991 by researchers Stuart Haber and W. Scott Stornetta, it’s a decentralised peer-to-peer (P2P) network where every recorded information is difficult or impossible to be changed. Seeing how it efficiently advanced the crypto market, it can also transform esports’ landscape. The better and more transparent it becomes, the more delightful and secure the betting experience will be.
1. A transparent platform
Aside from entertainment, at the end of the day, esports is profit-oriented. As it is a billion-dollar market, there are various stakeholders who ensure its success and longevity. These include players, game developers, sponsors, team companies, media, among others. Coupled with non-endemic sectors, it needs a broader yet transparent platform like the blockchain technology.
Blockchain brings them together and helps manage the allocation of prize money, transfer of players, and sponsorships, to name a few. DreamTeam and Enjin are two major examples of emerging blockchain-based platforms
2. Leveling the playing field between novices and seasoned players
Esports have franchised leagues with massive prize pools. Instead of promoting and relegating teams, novice gamers find it harder to join bigger tournaments. With blockchain, on the other hand, the playing field becomes equal and open because of the following benefits:
- Low-cost maintenance of secure database
- Simpler to create blockchain-based decentralized apps (dApps).
3. Blockchain gaming
Standard games are created in closed loops. They live in a centrally controlled server, where anyone from the outside platform can’t access and build different versions of their existing assets. However, those that lie in blockchain allow players to store and transact their activities, as well as analyse and reuse their assets governed by smart contracts.
Blockchain games and esports crypto issue their own non-fungible tokens (NFTs). A study called tokenomics is a unique economy designed to create incentives for players.
While NFTs are generally built using similar programming as digital currencies, their purpose is entirely different. These are resurging digital assets that represent real-world aspects like art, music, and in-game items. Is it worth the hype and cost for online gaming? Well, on the outset, famous crypto investors and social media figures are already at the forefront in making NFTs the new frontier of the industry.
In November 2020, esports celebrity Susie Kim launched her custom digital coin called SUSIE. Her loyal fans use it to access private Discord chats, as well as get shoutouts on her social media pages. Meanwhile, YouTube video game giant PewDiePie joined a blockchain project called Wallem. It’s a 3D augmented reality video game where NFTs are used for skins and items.
Famous people aside, even gaming companies like Microsoft and esports team like OG have also joined NFTs’ rise. The latter already had two successful NFT drops.
At Bitcasino, you have plenty of options that get you some of the most valuable payouts for virtual sports. You can only get that when you make successful wagers in virtual sports.
Check out the many options you have when it comes to placing wagers while you’re here at Bitcasino:
Get the goal by betting on virtual football at Bitcasino. The simulations present here make you feel like you’re watching a Premier League match filled with many realistic highlights, complete with pinpoint crosses, precise shots, and even the mistakes footballers make, like missing shots or errant tackles.
It’s a fantastic simulation of the sport, as you can feel the weight of the passes and shots in the game. Enjoy the highlights where you can root for the team or the results you bet on.
At Bitcasino, you have options which include the following:
Like the football version of virtual sports, tennis is a fantastic virtual sport where two players are pitted against each other in a simulated match. The game has an awesome interface, as other ongoing matches are on the right-hand side.
The simulation feels like a real tennis match, as it has a crowd, and every shot is made like a real game. In addition to those shots, you can even see the mannerisms and movements of the players and their real-life counterparts.
Unlike the football version of a virtual sport, Bitcasino only offers one kind of this sport called Virtual Tennis In Play. This means you can keep bets on ongoing matches rather than upcoming ones.
Get the virtual sports experience with baseball! It offers a fantastic viewing experience as you see the unique pitches, strategies for taking bases, and even the players’ reactions to making the right or wrong play.
The game's presentation is also superb. You will see some statistics and infographics that can enhance your viewing experience as you learn more about how the game works.
Additionally, you have plenty of bets to make every inning, but you can even bet on where the pitch will end up in the simulation. That’s a fantastic addition to virtual baseball, as you get an exciting round filled with stellar moments, especially when you bet on Virtual Baseball (In-Play).
Get natural-looking basketball simulations with virtual basketball. Here, you are betting on winner and point totals, making for a fun experience for the games you watch.
It’s a fast-paced game, so you have plenty of matches to watch. Navigate the game, click the play button, and see the games you can place bets on at Bitcasino. Virtual Basketball is the only entry at Bitcasino, but you have plenty of games when you open the client.
Despite the virtual sports’ reliance on RNG and probability, some strategies can be helpful for your virtual sports bets. It is crucial you know this, given how much you can win based on the virtual sports wagers present on the platform.
You can take a shrewder approach to placing virtual sports bets, like you do to RNG-based games like slots or roulette. Now, let’s look at some of the most proven strategies on the market and what they entail.
Here are some of the best practical strategies that can help you become better virtual sports bettors in the long run:
While having a good bankroll for your virtual sports bets is important, you still need to have a level-headed approach to your bets. You must manage your bankroll for every bet, as that will run out if you make the wrong decisions every time. That’s why you must maximise every wager you make by getting the bang for your buck.
To do that, start low with your bets and ramp up the value when you’re familiar with the games and bets you can place. You can go a long way with your payouts if you keep doing this. Maximise the amount you have on the platform, and you’ll earn some solid rewards to help you reach your goals.
While at Bitcasino, you have access to some of the best bonuses and promotions on the platform. Access some of the best incentives on the website and get the most out of the wagers you’re placing by getting free bets or multipliers for the bets you won.
It’s best to get the most rewards possible with the wagers you’re placing, which can be seen in the market odds. This will net you the best payouts possible, as you’re betting on the unlikely results. Make the most of your wager and get the best rewards by going against the grain.
Becoming a better player in crypto fantasy sports includes going with the trends and changing your habits accordingly.
One of the simplest ways to grow as a player is by keeping accounts of your own results. Tracking your statistics will dramatically improve your game.
The key to getting profit out of crypto fantasy sports is by making educated forecasts based on sound research. When you win, you’ll start to gain confidence that your theories are accurate. If you want to be certain, keeping tabs is a sound way to do this.
Trends can also have an effect on your winning percentages and profitability. An example of this is overlay. Overlays occur when there is more money in the prizepool than the amount generated by the participants. Tournaments with entrenched prize pools do not always get filled up.
Platforms count on a certain number of players to enter the tournament. However, when there are too few players entering the contest, the platform is legally obligated to cover the difference.
Placing bets on virtual sports betting involves avoiding making mistakes, which will lead to a massive loss for your bankroll. There are some common mistakes you must avoid. Check them out below:
You should not get caught up in your emotions whenever you place virtual sports bets, as this can lead to chasing your losses. That’s not a good way to gamble, as you’ll run out of the bankroll you’re supposed to use for a long time.
Stay calm whenever you lose and collect your thoughts. That can lead to you getting a victory in future bets. Don’t get too caught up in your emotions whenever you lose or win, as you might make misinformed decisions.
Virtual sports provide multiple betting options, allowing you to explore and try different bets. You should be diverse with your selections, as that will take you to great heights for rewards when you become versatile with your placed bets.
Unlike traditional sports, you must be level-headed when you bet on virtual sports, where you can analyse everything. Expect to bet on RNG-based matches, so it’s best to keep an open mind and be diverse since anything is possible in the virtual sports space.
Enjoy the virtual sports at Bitcasino where you can maximise some of the best bonuses and promotions. It is a one-of-a-kind experience, as you are predicting a simulation of the matches.
This is a unique take on the sports betting scene, and our platform offers plenty of options. Relish the rewards you’ll receive when you make successful wagers today.
