Virtual betting has become a mini phenomenon in the sports gambling world. It lets you wager on computerized matches and races that are determined by a random number generator (RNG).
If you’ve wagered on virtual sports before, you know that they’re close to the real deal. However, virtual sports betting strategy does differ somewhat from regular sports wagering.
The following nine tips provide advice on how to be more successful with virtual betting. You can use these tips to boost your winnings, or at least avoid losing too much.
1 – Understand How the Random Number Generator Works
Regular sports involve real teams and athletes competing against each other. One side is usually favored over the other, which shows in the odds.
Of course, athletes aren’t perfect and don’t always play up to their standards. The favorite sometimes loses in these cases.
Virtual sports betting emulates this randomness through a random number generator. The RNG is an algorithm that, as its name implies, delivers random results.
Of course, these random results normally give the favored team/athlete a victory. But just like with real sports, the underdog can win.
The difference here, though, is that real players don’t determine if the favorite or underdog wins. A computer algorithm performs these duties.
2 – You Can’t Spot Patterns With Virtual Betting
With regular real money sports gambling, it’s occasionally possible to spot patterns that’ll deliver long-term profits. These patterns can either be attributed to how a particular team plays or bookmakers at their lines.
Regarding the latter, Haralabos Voulgaris figured out how to beat NBA halftime totals in the early 2000s. Voulgaris noticed that sportsbooks set the totals roughly equal for both the first and second halves.
However, “H-Bob” realized that the second half features more points on average. This is the half where the trailing team fouls more, which leads to more free throws and, ultimately, points.
The same patterns aren’t typically possible with virtual sports betting. After all, software providers set their odds and RNGs to produce random results.
Perhaps a software developer could mess up their programming, thus leading to predictable patterns. Such a scenario is unlikely, though, considering that these developers’ products go through stringent third-party testing.
3 – Human Emotions Aren’t Present in Virtual Gambling
Everything that happens in a virtual sporting contest is the result of computerization. The digital players running around the field or court don’t have emotions. They won’t get distressed when losing or feel euphoria when winning.
Furthermore, they won’t become more motivated when playing an old team or rival player. This lack of human emotion takes away one big strategy weapon.
Of course, you can still use strategy when going over odds and stats for a virtual game. You won’t be able to pick winners, however, by considering the emotional aspect.
4 – Virtual Sports Are More Like Casino Games
Virtual sports are far from the only type of gambling that use an RNG. Online casinos use random number generators to determine their results.
Much like virtual sports betting, these RNGs reflect what would happen in real life. European Roulette’s single number bet has 36:1 odds of winning. Therefore, an algorithm will produce results that, over time, lead to 36:1 odds of winning.
Likewise, slot machines operate on fixed odds and RNGs. They deliver random results that, over the long haul, become similar to their programmed odds.
With that said, virtual betting is more like casino games than sports betting in some ways. It offers a return to player (RTP) figure and house edge just like a slot machine.
5 – Use Proper Bankroll Management
Bankroll management doesn’t improve your odds of winning wagers, but it does help you place bets in a responsible manner. Furthermore, you’ll be able to last longer in the betting world.
A variety of bankroll management techniques exist. However, you might consider using a simple method that involves only wagering 1% to 5% of your bankroll on a given contest.
Here’s an example on how this method works:
You have a bankroll worth $600.
An online sportsbook’s minimum wager is $10.
10 / 600 = 0.0167
You can place the minimum bet while only risking 1.67% of your bankroll.
600 x 0.05 = 30
You can place wagers worth up to $30 while still only risking 5% of your roll.
Assuming you have a larger bankroll, then you should aim for betting closer to 1% of your funds per outcome. Meanwhile, you might bet up to 5% with a smaller bankroll. After all, you need to at least meet the sportsbook’s minimum wager.
6 – Avoid Chasing Losses
Nobody likes ending the day as a loser. However, the only thing worse than ending up as a loser is chasing losses.
The latter is a gambling cardinal sin because it usually causes you to lose more money. Additionally, you might even start betting more than you can afford to lose.
A good way to avoid this problem is by setting a stop-loss limit that covers a day or week. Here’s an example on doing so:
Your bankroll is worth $800.
You don’t want to lose any more than $40 in a given day.
You place three wagers worth $11 apiece and lose each one.
You’ll wait until the following day before placing another wager.
After all, one more $11 bet (usually around the sportsbook’s minimum) puts you in jeopardy of losing $44 total.
7 – The Bookmaker Holds the Long-Term Edge
It’s important to understand that, unlike with regular sports betting, a virtual bookmaker always holds the edge.
You cannot overcome this advantage through strategy alone. As with casino games, you’ll need some luck to win long-term profits.
Of course, you can win short-term profits with virtual betting. If you get lucky enough, you might even earn long-term winnings.
I wouldn’t count on the latter happening any time soon, though. The best approach to virtual gambling is a realistic one.
You might consider treating virtual betting as more of a hobby during your favorite sport’s offseason. With that said, you shouldn’t over-bet on virtual sports with the expectation of winning serious profits.
Free Bet – You place a bet and, if it loses, you have a chance to recover the losses.
Deposit Bonus – The bookmaker offers a match bonus on your deposit worth up to a certain amount (e.g. 100% match up to $100).
No matter what type of virtual sports betting bonus you’re going for, you need to meet terms and conditions. You should thoroughly read the terms and conditions page before depositing and chasing a bonus.
Some betting sites are more lenient than others when it comes to terms. This being said, you should look for bookmakers that provide the most-favorable bonus deals.
9 – Choose Reputable Virtual Betting Sites
You should always read reviews and do research before signing up and depositing at any online sportsbook. After all, you want to make sure that the bookmaker is legitimate.
Warning signs to look for when reading through reviews include:
Poor customer service
Lying about licensing
Murky bonus terms and conditions
Generally speaking, you shouldn’t experience much trouble with these aspects when choosing top-rated sportsbooks. Betting sites that have achieved the highest ratings are less likely to rip off players.
They have reputations to protect so they can keep experiencing long-term success. Therefore, they try serving gamblers in the best manner possible.
Virtual sports gambling isn’t exactly like traditional betting when it comes to strategy. Most notably, human emotions don’t play a role in the results.
Instead, you only have odds and statistics to rely on. Furthermore, you’ll be facing a built-in house advantage.
Nevertheless, you can improve your prospects of winning by following the tips presented above. You especially want to focus on bankroll management and collect bonuses whenever possible.
Bankroll management prevents you from losing money that you can’t afford to part with. Bonuses, meanwhile, provide an influx of extra cash that can be the difference between winning and losing.
Of course, all of the tips covered above are important in their own right. You might refer back to this post whenever looking for additional ways to improve your virtual betting bottom line.
Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...
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