Differences Between Live & Virtual Sports Betting
One of the great advantages of online and mobile sports betting in New Zealand is that there are so many different types of wagering categories to choose from. While the average punter sticks to pre-match and future punts, plenty of people welcome the opportunity to place live bets or to try their hand at virtual sports. While not new to the industry, these two genres are still considered niche and seldom understood. To clear up the misunderstandings, we are going to look at the main differences between live in-play and virtual sports betting.
Most punters have a good idea of what live betting is. The name pretty much gives it away in that you are putting money on a game, match or race that is currently taking place. Unlike pre-match wagering where the odds are posted days or even weeks in advance, the live markets only open once the race, match or game has started. They are then updated every 10 minutes or whenever there is major change in action, such as a goal being scored, or a wicket being taken.
Live sports betting requires a completely different strategy to regular pre-match wagering, since the action often results in massive odd fluctuation. Punters can use this to their advantage and grab favourable odds at a key moment before they drop again.
Virtual Sports Betting
Virtual sports have been around for a number of years and are growing in popularly. The main reason why bookmakers offer this type of option is to increase the number of wagering opportunities for their customers. As the name suggest, this is where a match, race or game is virtually reconstructed using sophisticated 3D virtual software. The result is an exciting opportunity to place pre-match wagers on an event that will never again take place in real life.
The idea with virtual sports betting is to provide additional content and more ways to win. The type of events that are digitally created include Soccer, American Football, Basketball, Ice Hockey and Horse Racing, to name just a few. Often these events include famous teams and players that are simulated to look and act exactly as they do in real life. The outcome of a game or race is unknown by the bookmakers or anyone else at the start. Random number generators, much like those used in casino games produce the results. Since the final result is unknown, all the same pre-match markets can be offered.
Difference in Strategies
As we have seen above, sports betting on a virtual race or match is no different to putting money down on an upcoming game in real life. There is a huge benefit to virtual games and races in that bookmakers can schedule multiple events throughout the day, providing far more opportunities to win big. The markets available are all the same, and include straight bets and props. All wagers are placed before the event and closed when the game or race starts.
The one key difference here is not being able to rely on knowledge such as current fitness of the teams, recent performances, changes to coaching staff, home ground advantage and other data which is often used to help make a prediction. These are not a factor in virtual games. The bookmakers that offer this type of mobile sports betting in New Zealand do however provide past results going back three months, which can be a guide on what may happen in the upcoming race of game. Punters must adjust their choices accordingly. With live sports, the above information can be used, including the action that is currently taking place, and this makes predicting an outcome that much easier, or potentially it does, as in race or match anything can happen.