When you think of sports gambling, most people imagine putting $50 down on the Giants or the Cowboys. That still happens but there is another type of offering that is becoming more and more popular. It's called virtual sports and nearly all casino operators agree that it is here to stay.
Virtual sports have seen more action lately because of the lack of actual sports games. But the virtual sports market was already very strong before any of that happened. Now that even more people are aware of virtual sports, they are going to become elevated in popularity, casino operators said.
One of the benefits of virtual sports is that they can be run and happen 24 hours a day, seven days a week. A virtual football match can run only 10 minutes and give people a chance to win or lose. Then another game can be started and the process and begin all over again.
That's much more attractive to bettors then having to wait a week or two in-season or months between seasons to make a bet. Once people get used to being able to wager on virtual sports at any time day or night any day of the week these types of events are going to get even more popular.
Since software now can make any and all virtual sports games just as fair and challenging as betting on a real in-person team, people flock to the games. And the odds go up and down just as they do with a real sporting event.
Speaking to Gambling Insider, Brooks Pierce COO of Inspired Entertainment. said: "In addition to the extensive viewership, information about Inspired’s Virtual Grand National was trending second worldwide on Twitter for a period of time. This is a great example of how virtual sports can plug the gap and bring people together.”
It will be interesting to see what advances in virtual sports happen in the coming years. If nothing else you can be sure there will be new innovations as gamblers start betting there more and more often.