It wasnât all that long ago that sports betting was a fringe activity that was outlawed in many parts of the globe. Now, however, the pastime has been legalized and legitimized across much of the world, growing into an industry with over 30,000 businesses and more than $200 billion to its name.
But no matter how big, popular, and lucrative an industry becomes, there will always come along a market disruptor keen to upset the status quo. In recent years, simulated sports have been doing exactly that, offering punters unprecedented opportunities with regard to their gambling habits and winning potentials. Read on to find out more about this innovative new discipline below.
Where did simulated sports come from?
In some ways, the sports betting sector has become a victim of its own runaway success. With a gargantuan fanbase that constantly requires new markets and new events to bet on, meeting that demand was always going to be an uphill battle. When the coronavirus pandemic hit in early 2020 and many sporting competitions were brought to a standstill, the task became an impossible one.
Keen to avoid losing out on their main source of revenue, some savvy online casino operators saw the gap in the market and filled it. If there were no real sports for fans to place a wager on, a computer simulation could perform the job just as well. And just like that, simulated sports were born.
How do simulated sports work?
The exact mechanics behind a simulated sports betting market will vary depending on the operator and the sport in question. For example, esports have become increasingly popular in recent years and feature two real-life players pitting their abilities against one another in computer games like FIFA, League of Legends, or Dota 2. Many simulated sports work on the same principle, but with the human element removed; instead, a CPU plays against itself to determine the outcome.
However, not all simulated sports are created equally. Instead of relying on the sheer luck of a random number generator (RNG), some simulated sports â like the cricket Premier League SRL market, for example â go deeper. This sophisticated form of simulation assimilates real-world data about teams, including their recent form and injuries, to give a more realistic prediction of the outcome. This, it appears, is the future of simulated sports â and itâs here right now.
What are the advantages of simulated sports?
All simulated sports carry one huge plus in comparison to real-life sports: round-the-clock accessibility. Whereas fans wishing to place a wager on an actual game are restricted by its scheduled time, there is an eternal stream of simulated sports matches taking place all the time. Whatâs more, the outcome of them is decided within a much shorter time period, affording instant gratification and allowing for more prolific betting sessions.
On the other hand, more sophisticated forms of simulated sports, such as the aforementioned cricket SRL, go beyond the boons of their counterparts. Because they rely on real data to determine their outcome, they offer punters a closer connection to the real thing than ever before. Itâs for this reason that such markets remain extremely popular, even as normal service has been (mostly) resumed with regard to real-world sporting events.
Now that you understand a little more about simulated sports and how they work, will you try your hand at them? With betting opportunities available 24/7, thereâs no time like the present!
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