Sports betting is possibly one of the most popular forms of betting out there. But the virtual world has recently become a space where punters can place a bet on virtual sports games that were unheard of a couple of years ago.
The two biggest markets for virtual sports betting are the United States and the United Kingdom. Traditionally, both countries have had a rich history with sports and betting is a popular cultural trend.
But the emergence of video games has opened a new venue that punters will explore in great lengths. This is all due to the emergence of eSports in the past few years.
But why are virtual sports betting so popular in 2024? Is there a definitive reason for it? We believe there is more than a single reason for it. So that’s why we present to you the X reasons why virtual sports betting is becoming so popular in 2024.
1. The Punters Love It
The punters absolutely love placing a wager on a game of sports. This is because of the winning factor that can double, triple, and even increase your winnings by a whole lot more than that.
Secondly, those that place bets on sports do it because they feel in control of their selection. You can literary place a bet in any sports out there from soccer to American football, rugby, golf, baseball, etc.
The selection is so great because sports are popular. But with popularity comes opportunity, and opportunity comes in the fact of analytics that allows you to research every team and determine the best type of bet you can place.
A lot of punters will research extensively before investing their money into a football accumulator. They see things such as players injured, past encounters, form guides, etc.
All of this isn’t possible with the virtual world. The virtual world presents an even playground where two teams, or two people, go head to head with the biggest possible strengths. Naturally, this means that the team/player that is better will generally win the match.
This gives punters a sense of security with their wager, hence why it’s popular.
2. Lots of Opportunities
There are lots of opportunities and options when it comes to exploring the world of virtual sports betting. More and more platforms and websites emerge with the sake of providing the audience with an option of sports entertainment.
This has caused for the giants in the industry to add the virtual world on their platforms. eSports events are becoming more and more accessible to the public to bet on.
This all came to be a few years ago when ESPN decided to provide coverage of Valve’s Dota 2 “The International 2014”. This was the biggest eSports event in history, an ESPN has gotten into eSports ever since.
All of this has been a contributing factor to lots of platforms fighting amongst each other to cater to this particular niche group of bettors that appreciate virtual games as a form of betting.
As one of the biggest online betting platforms in the world, PNX Bet offers you the chance to bet on all major eSports games such as League of Legends, Dota 2, FIFA, virtual horse racing, and many more.
3. Speed of Completion
When it comes to finalizing a game, it can be so darn long before we could get our winnings. While the online world has definitely answered this issue, logistical problems still persist.
There is no doubt that virtual games take much shorter to complete and the finalizing process, in terms of betting, is drastically lower than that of the real world.
This is something that punters are really in to. If punters like to predict the champion of the Premier League ahead of time, they would have to wait from August till May the next year to get their winnings, if they manage to predict the winner.
With virtual games and competitions, the time that takes to finalize one is drastically shorter. The most you’ll have to wait is one week, seeing that all major eSports tournaments take between three and seven days to finish.
This gives the punters the option to win the same amount of money but drastically shortens the waiting time.
4. No Need to Do Your Research
Research is an integral part of betting. We touched on this at the begging but it’s so important that we have to further clarify.
With real-time sports betting, you have to do your research on each team to form a bet. With virtual sports, the need to do research isn’t needed, but it’s also quite limited.
For all the movement virtual sports betting experiences, research and analytics are two things that rarely find their place. Apart from looking up past encounters or games played, you don’t really have many options for research.
However, if we take into account that the favorite tends to win the match in virtual games, then we can safely place a bet without needing to do extensive research.
5. Lots of Similarities
It’s safe to say that there are lots of similarities between both forms of games. Football in the real world is played the same as in the virtual.
The only difference is the virtual factor. But apart from that, all the rules are the same, all the players are the same, and each player is somewhat realistically presented as his real counterpart.
Furthermore, virtual games are a lot like slot gaming in the sense that there is a touch of randomness whenever you place a bet. Casino lovers love playing slots, so maybe this is one field where they can feel accustomed to it.
6. It’s Scalable
Micro stakes and scalable bets are present in the virtual world the same as the real one. If you want to go safe and predict a winner in a particular eSport tournament, then you can do so by any means.
But, if you want to place a few micro-stakes for added fun, you can also do it through the wide range of options that platforms present to you.