At present, whether it is sports betting, comprehensive, electronic, lottery, or other betting betting, many people are doing it. Coupled with the emergence of white label iGaming, all iGaming needs to do is to have personnel and channels ready to start. Therefore, the competition in the overseas gambling market is very fierce. Sports account for a large proportion of the overseas international gambling market. At the same time, young people are the fastest to accept the Internet so that virtual sports white label iGaming will be the best white label iGaming choice in the current international gambling market. Just like the UK, although virtual sports betting now only accounts for 3-5% of the UK's gambling revenue, with the prevalence of iGaming and the development of technology, virtual sports will be a good turning point for iGaming platform operators, so today TC-Gaming will talk to you about the virtual sports betting market and white label iGaming.

Virtual Sports Betting Trends

As an emerging trend in the modern gambling industry, Virtual Sports Betting has quickly won the favor of most players with its high-quality visual effects, fast game rhythm, and rich betting options. In the future, more and more young people will be interested in this kind of new Internet gameplay and pay special attention to it: for example, mobile game competitions, dota League of Legends, Honor of Kings, ML, PlayerUnknown's Battlegrounds, etc. have generated a large number of large-volume user groups, and also popular batches of game anchors. These are no longer news. With the development of technology and the application of reality (AR) and virtual reality (VR) technology, virtual sports betting will become more and more realistic and diversified. The experience, immersion, and interactivity of gambling platforms for gambling players have been fully pulled. In addition, with the introduction of AI and big data analysis. Further, to optimize the generation of virtual complete and result prediction, the player's participation and conversion rate have stood on a higher level. It also opens up new revenue channels and new gambling user groups for gambling companies.

What are Virtual Sports?

The concept of Virtual Sports may sound a bit confusing - after all, it's like the sports video games like FIFA or Madden that we have been playing since we were young, but it's not like that. Virtual Sports are a bit like slot machines, and they have some things in common to ensure the fairness and unpredictability of the results of the game. They are all determined by RNG (Random Number Generator). They can be based on real sports teams or sports events, or they can be played by virtual players in fictional games of real sports. By using highly realistic 3D graphics and animations, virtual sports can realistically reproduce various sporting events such as football, basketball, horse racing, auto racing, etc. Unlike actual sports competitions, the results of virtual sports competitions are determined by a random number generator (RNG),

A virtual sports episode:

Before 2020, virtual sports were considered a niche form of gambling, and the audience of iGaming platforms was limited. However, after the outbreak of the previous epidemic, sports games were suspended, and sports bettors around the world had no bets. In particular, some sports betting platforms have suffered losses to some extent. Then sports betting began to turn to virtual sports to make up for operational losses. Just like in Sweden, virtual sports betting was opened. In the United States, well-known horse racing and dog racing companies such as Hawthorne Racecourse and Palm Beach Kennel Club began to cooperate with virtual horse racing software vendors. Also in the UK, virtual horse races will be broadcast on national television instead of real events. So at that time, the companies or organizations that provided virtual sports saw a surge in revenue.

Virtual Sports Display Methods

• Virtual Sports Images

  Virtual sports aim to recreate the experience of attending an actual sporting event, even if only virtually. They do this using state-of-the-art graphics that display the players, playing fields, and other aspects of the game in high-quality detail.

• The sound and atmosphere of virtual sports

  Sound is also used to draw players more into this virtual world, with commentators, fans cheering, and many other iconic sounds associated with specific sports, such as the roar of engines at the starting line, the sound of horses waiting for the gate to open, or the squeaking of sneakers on the basketball court.

Features and advantages of virtual sports

1. Real-time competition

• Fast pace: Virtual sports games are usually short and the pace of the games is fast. This allows bettors to experience multiple games in a short period without having to wait for a long game cycle.
• Instant Betting: Due to the high frequency and short intervals of matches, players can place bets quickly and see the results immediately. Instant feedback increases the fun and excitement of betting.

2. High-quality images

• Realistic visual effects: Virtual Sports uses the most advanced 3D modeling and animation technology to create lifelike athletes, stadiums, weather effects, etc. Every detail in the picture has been carefully designed to reproduce the real game scene.
• Immersive experience: Virtual sports not only rely on image quality but also include sound effects, audience reactions, commentary, and other elements to create a complete game atmosphere, making players feel as if they are in a real sports event. With the development of VR technology in the later stage, such immersive experiences will become more realistic.

3. Random Results

• Fairness and unpredictability: The results of virtual sports games are determined by a random number generator (RNG), and the results of each game are random. Unlike real sports games, there are no external factors that can affect the results, so each game is highly fair and unpredictable.
• Analogy to traditional sports betting: Similar to traditional sports betting, virtual sports also provide a variety of betting methods, such as win-lose betting, score betting, etc. The victory or defeat of the gambler depends entirely on the game results generated by RNG.

4. Diversified sports

• Wide range of sports: Virtual sports cover a wide range of sports, including football, basketball, horse racing, racing, tennis, etc. Each sports event has unique rules and gameplay, satisfying the interests and needs of different gamblers.
• Rich betting options: Virtual sports provide a variety of betting options in different sports. Players can bet on wins and losses, scores, specific player performances, etc., so there are more betting options, which increases the experience of the gambling platform.

5. Run 24/7

• No time limit: Virtual sports events can run 24 hours a day without interruption. Unlike our traditional sports betting, there is no specific time and place.
• Not affected by the external environment: Whether it is weather, time, or venue, virtual sports will not be disturbed by any external factors, ensuring that the game can continue. This also makes virtual sports betting more playable. Even if you don’t play, you don’t have to watch the live broadcast or video.

6. Gambling Opportunities

• Frequent betting opportunities: Due to the fast pace and short intervals of virtual sports games, bettors can participate in betting frequently. Players can quickly place multiple rounds of bets, which increases the chances of bettors winning money and also increases the length of time that players stay on the betting platform.
• Diversified betting methods: Virtual sports not only provide win-loss betting similar to traditional sports events but may also include more complex betting options, such as performance in a specific period, performance of specific players, etc., which increases the playability of virtual sports for gamblers.

How do virtual sports work?

Virtual sports betting is just as exciting as real-life sports betting but with a unique digital twist. Just like in actual sports events, sports players can bet on a variety of virtual competitions such as horse racing, tennis, and football, and enjoy the same tension and excitement as in real life.

These virtual events not only provide traditional betting options, including predicting the final winner, total score, over/under, ranking, and even multiple bets, but also provide traditional betting options. Moreover, these virtual events will be constantly updated, so that players can always find new betting opportunities and experience different fun.

Matches are run throughout the day, and bettors can place bets at any time without having to wait for the real event to start. Virtual sports events offer a fast-paced alternative for those who love sports betting. These events are shorter, usually ending in a few minutes, so bettors can see the highlights of the game in a short period, and feel instant gratification and excitement.

Can virtual sports be manipulated?

There is a common misconception among ordinary players that virtual sports are manipulated. However, this view is wrong. Some players are skeptical and feel that virtual sports are not as fair and transparent as real-life sports events. Even real sports betting seems to have no shortage of revelations of manipulated results, such as some matches being suspected of match-fixing. However, virtual sports use random number generators (RNGs), which add a high degree of unpredictability to virtual sports, similar to real-world sports. This technology ensures the fairness of the game and its results through complex algorithms, making it impossible to predict or manipulate the results of each game in advance. This not only enhances the player's gaming experience but also increases the credibility and legality of the game. Therefore, the fairness of virtual sports is guaranteed.

What is RNG?

A random number generator is an algorithm that, as the name implies, generates numbers without any predictable pattern. Random number generators are the core of the entire gambling industry because, without them, iGaming would no longer be a fair and fun place. Their emergence and application ensure the fairness and randomness of each bet, allowing players to play in a fair environment.

For example, in a physical casino, the dealer achieves randomness by shuffling the cards or may put 8 decks of cards in the card box in advance and change a deck of cards after each round. This traditional method ensures the fairness and unpredictability of each game. In an RNG casino, shuffling the cards is replaced by a set of complex mathematical formulas to ensure that every deal, dice roll, or wheel spin is completely random and unpredictable. This modern technical means not only improves efficiency but also maintains the fairness and entertainment of the game.

When applied to virtual sports, RNG determines the winner of an event based on predetermined odds. This way, favorites and underdogs have different odds of winning, but predicting the outcome is impossible - for both players and operators. This unpredictability is at the heart of virtual sports betting, as it ensures fairness and justice for every outcome. Technically, virtual sports betting is very similar to slot machines and roulette, where the outcomes are random.

There are many ways that virtual sportsbooks can set up their RNGs, with varying degrees of randomness, complexity, and transparency. The main consideration for gaming companies is whether the RNG is random enough so that players cannot discern a pattern and begin to predict the outcome of virtual events.

Is Virtual Sports Betting Legal?

Is virtual sports betting legal? The judicial and legislative differences in different countries and regions are different. In some countries, the regulation of virtual sports betting is the same as that of real sports betting. For example, many European countries allow virtual sports betting, but in the United States and Canada, the regulations of their states and provinces are different. Even in Asia, Africa, and South America, it is similar.

But there are some similarities. Countries that ban iGaming ban virtual sports betting. So if you want to operate a virtual sports betting platform, you must have a clear understanding of your target betting market.

Some difficulties that virtual sports also face

The development of the main technology for the development of virtual sports is one of the core. From complex artificial intelligence algorithms to immersive virtual reality experiences, technology needs to constantly break through the limits of the field of virtual sports. Among them, the visual and interactive nature of virtual sports, realistic physical simulation, lifelike player animations, dynamic environments, and the integration of social functions will also enhance the appeal of the game. Players can form communities, share achievements, and compete with each other. This will enhance its popularity. Therefore, the development of technology and virtual sports are interdependent.

Summary

During the pandemic, the activity of online users around the world has increased dramatically, and virtual sports have also benefited from this wave. The suspension of sports events has given sports fans and sports bettors a choice. But now that the pandemic is over, does virtual sports still have a future?

In fact, with the popularization of the Internet and the rise of digital platforms, more and more people are participating in online entertainment projects and online consumption. Today's young user groups and users in Internet-developed areas are accustomed to consumption and interactive experiences on online digital platforms. Therefore, virtual sports cater to these changing consumption patterns and concepts. It allows players to enjoy sports entertainment anytime and anywhere. It also opens up new revenue channels for bookmakers. With the continuous development of technology, the prospects for virtual sports betting will be broader, bringing more choices and opportunities to major gambling platforms.

Virtual sports are a great alternative to traditional betting. Events are available 24/7 and take place every few minutes, so there is no need to wait for a specific time or location to participate. As technology advances, the virtual sports industry will continue to expand. Given the expected growth and development of the industry, both operators and investors in this field will benefit greatly.

Opening a new virtual sports betting platform is a serious and complex undertaking. The betting market is lucrative, but navigating the ever-changing trends of the online betting industry requires patience and experience. TC-Gaming is a white label iGaming provider with 17 years of experience, dedicated to helping betting platform operators enter their target markets quickly and seamlessly. We provide multilingual support and localization services, with 12 language experts to ensure that your platform can effectively convey information and meet the needs of players from all countries. Our business spans Egypt, Ethiopia, Nigeria, Tanzania, Uganda, Brazil, China, Hong Kong, Japan, South Korea, Bangladesh, Pakistan, Thailand, Vietnam, India, Myanmar, Malaysia, Indonesia, Argentina, Bolivia, Chile, Colombia, Mexico, Paraguay, Peru, Turkey, and other countries and regions. We believe that TC-Gaming will be your best partner in the virtual sports betting market.