The latest craze in the sports gambling world is virtual sports betting. Virtual sports betting is a type of betting that is a combination of sports betting and slot machines where players bet on the outcome of a sporting event where the winner is decided y a computer algorithm.
Even though gambling on virtual sports has been around for the past decade in Europe, it has not become popular amongst sports bettors and casino gamblers until the past couple of years. In fact, this year alone major casinos have begun to offer virtual sports betting to their clients.
Back in March of 2017, Pala interactive, an online social and real money gaming software company announced that it would be rolling out its real money virtual sports betting software in New Jersey. William Hill US has had virtual horse racing available in its two casinos in Las Vegas Resorts and Golden Nugget in Atlantic City have plans to add virtual sports thus year. Even smaller online sports betting operations are considering adding virtual sports to their list of betting options.
On the European continent, an interesting development took place in Poland last April as the Polish government’s amendment to its Gambling Law went into effect on April first making it legal to bet on virtual events in Poland. Intralot, a bookmaking company quickly took advantage of it y partnering with Betradar in order to offer virtual sports betting to the Poland.
The first games to be offered were virtual football, horse racing and dog racing and will shortly be adding games played by national teams along with basketball and tennis.
Inspired Entertainment just announced last week that it has agreed to a virtual sports partnership with Veikkaus, the Finnish national betting agency. Veikkaus is owned and operated by the Finnish government and holds an exclusive betting license on lotteries and sports betting in Finland
In Africa, SENEJEUX which had already launched virtual sports betting in Senegal is now expanding into all of the French speaking countries of Africa. In addition, they also have plans to expand into Europe.
Today, Kiron interactive just announced that it will be the first company to introduce site paris sportif virtuel in Malta via IZIBET, its leading retail sports betting operator.
The launch of their virtual football betting option was made to coincide with the end of the football season and will be followed by their virtual racing games which include horse racing, dog racing and other virtual games.
One of the reasons virtual sports betting is becoming so popular is because like a slot machine, it is fast action with a new virtual event every few minutes. In addition, in some countries it is much more accessible then traditional sports betting.
One of the ways that makes virtual sports betting interesting is that the sports betting software has a lot of real data in the way the algorithm picks a winner. This means that it can give players the ability to analyze possible results like in real life sports handicapping.