09 March 2023 / Blog
Virtual Sports betting is one of the few niche markets that have successfully expanded and rapidly grown to become a highly lucrative industry in its own right. The number of Virtual Sports bets, events and viewers has been crucially increasing.
Despite the fact that there are no actual players involved in Virtual Sports betting, viewers and iGaming businesses can still make the best of it. Virtual Sports games are action-packed, computer-generated brief simulations, typically lasting only a few minutes. There is a wide variety of betting opportunities available for virtual sports, with live betting being particularly well-liked. Complex algorithms and RNG (random-number-generator) systems determine the outcome, and players can check in at any time to see the latest stats and updates. Popular examples of simulated sports include tennis, football, greyhound racing, horse racing, and a host of others.
Several Arguments in Favor of Virtual Sports Investments
Any expanding, successful iGaming business should consider investing in Virtual Sports bundles. The Virtual Sports betting industry is estimably worth around 12 to 15 billion dollars, and there are a number of advantages to adding Virtual Sports games to sports-betting operations and iGaming ventures.
Events in traditional sports typically take place once a year, once a month, or once a week. There is usually quite a bit of downtime involved. However, you can break your reliance on physical participation with virtual sports. Bettors can now participate in an endless stream of virtual events 24 hours a day, seven days a week, and wager an unlimited amount of money.
Less Time Needed
In the real world, there are many time-consuming games. These may occasionally be welcomed by some devout fans. Virtual sports, however, are perfect for bettors who value speed and instant gratification. Unlike real sports, virtual competitions can be wagered on, played and finished in a matter of minutes. As a result, daily betting volume will increase.
Unlimited Game Options
Various types of virtual sports are available to keep your gamblers interested: football, greyhound racing, horse racing and many more. Bettors have no constraints on when they can try out a new sport, as each game only lasts a few minutes. These do more than just excite users; they also help you increase their level of investment in your service.
The Closest Thing to the Real Thing
Betting on Virtual Sports is a step up in terms of quality and realism. Motion graphics, 3D and CGI have helped advance the games to the point of ultra-realistic features, blurring the lines between real and simulated sports. These days, players don’t even need to leave their homes to play top-notch games.
There is always an element of unpredictability in traditional sports. Some weather conditions may delay events, and some circumstances may result in players’ injuries and illnesses. The list of variables affecting real-life sports goes on and on. Yet, it’s all different with Virtual Sports. Bets can be placed without worry because the outcomes are completely arbitrary and independent of these factors.
Better Financial Returns
Operators can reap greater financial profits from virtual sports thanks to the frequent event start times. Bettors have the freedom to bet as much as they like, receive instantaneous updates on the status of their wagers and pick from a variety of wager options. This keeps players interested and gives businesses a steady stream of revenue.
The outcomes of virtual sports bets are calculated using a combination of complex algorithms and certified random number generators. This guarantees that the games are played fairly and that the results are always accurate. In contrast to popular belief, virtual sports are not fixed.
Investing in Virtual Sports
There’s no denying the lucrative potential of online sports betting. Profitability is guaranteed, bettors get what they want, the games with their authentic feel are completely honest, and game hosts get the maximum possible profit.
Potential investors in the virtual sports betting industry have their pick of several different software platforms from which to launch their venture. Digitain has been known as one of the industry’s in-demand, first-choice platform suppliers.
Digitain’s Virtual Sports
With a reputation of being an industry-leading iGaming platform and sports-betting software provider, Digitain is well known for delivering one of the best in-house developed Virtual Sports products anywhere. Available across online, mobile and retail channels, Digitain’s Virtual Sports games grab your players’ attention with their ultra-realistic 3D environments and stunning audio-visuals.
This extremely engaging product features unique betting markets and comprises everything a player needs for a breathtaking virtual experience and guaranteed enjoyment. As the number of our easy-to-integrate virtual sports games steadily grows, our portfolio presents your business with additional options to turbo-boost your revenues by attracting and retaining virtual sports fans.
Digitain’s in-house Virtual Sports offer you 20,000+ events per day, 150 betting markets, 10+ virtual games, a new event within every two minutes, 16 event and tournament related unique betting markets and 24/7 availability. Our Virtual Sports games feature leading-edge tech, 3D visualization, fantastic graphics, ultra-realistic environment, flexible betting with single and multiple bets, configurable margins, a feature-rich back-office, a web cashier program for retail and more.
Digitain’s Virtual Sports product is easy to integrate and customize. It’s intuitive, UX-friendly, omnichannel, multi-device and available for as web, desktop, mobile and retail versions. Our Virtual Sports games include Virtual Horse Racing, Virtual Greyhound Racing, Virtual Football, Virtual English League and Virtual Keno, while the bundle’s tournaments embrace Virtual World Cup, Virtual African Cup, Virtual European Cup, Champions League Cup and Copa Libertadores Cup.Read More