Why are Virtual Sports So Popular?

Introduction 

Virtual sports are based on real-world sporting events where they are displayed digitally so that people can bet on these games to make a profit out of them. Virtual sports draw inspiration from fantasy sports, where computers have made it possible for sports fans worldwide to be a part of this platform to place bets easily. Virtual sports also have some sort of similarities to casino games. 

From 2016 to 2021, participation and spectatorship grew from 121 million people up to 307 million people. The global revenue also skyrocketed from $493 million to $16.5 billion in the same timeframe. So it’s safe to assume that virtual sports has insanely grown in popularity overtime. 

Popular virtual sports typically include football, basketball, and soccer games. Since these virtual sports use real-world rules and regulations, they are not hard to follow, especially if you are a fan of the real game. 

The computers generate the results where they determine the results using legitimate algorithms to ensure that the outcomes are fair and impartial. People are fully drawn to virtual sports in this day and age since they can bet on multiple games and matches in just a short period, along with the easy accessibility of virtual matches. 

Here we’ll look at how virtual sports have become so popular over the years and what makes betting on virtual sports quite straightforward. 

What Makes Virtual Sports So Popular?

Several factors make virtual sports extremely popular. However, we’ll give you a list of the primary factors. 

• Betting 

While people like to bet on real-life sporting events, betting on virtual sports is more diversified and has more options if you want to win big. In the US, Statistics for online gambling shows that 80% of the population has placed bets in 2020.

There are lots of games and sports available like racing where fans can bet easily in multiple games and in just a short period of time.  

• Accessibility 

Fans cannot attend all the sporting events that take place daily, but virtual sports give a new level of access to fans and bettors from all over the world to be a part of this phenomenon. With a working internet connection and computer, you can place your bets and just wait for the results, and it’s that simple. 

• A new source of entertainment 

Virtual sports is a fun and innovative way to introduce people to a new form of entertainment. With the help of new hardware and technology, it’s been made possible to give way to a different type of entertainment: virtual sports. The interfaces are pretty easy to use and navigate and also don’t take long to get used to it. 

• Availability 

As we all know, real-life sporting events take place on a fixed date and schedule. However, that’s not the case for virtual sports as they are available through most of the day. You can place your bets and watch the games online at any time you like. The availability of virtual sports makes it possible for us to bet on these games based on our different schedules. 

• Ease of betting 

While betting on real-world sports may require a decent amount of knowledge, virtual sports betting requires only a basic knowledge of how the process works. This makes learning for newbies a lot easier than them having to learn everything from scratch for actual sporting events. 

• Profit

Since there’s a wide array of different virtual sports that you can bet on, it gives you a new level of profitable opportunities to make more money from virtual sports. There are so many options for bettors to choose from where they may select the matches in which they think they’ll make better profits. 

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Disclaimer:

• As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
• Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976  
• Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
• Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
• Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
• This article does not endorse or express the views of Qrius and/or any of its staff.

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Disclaimer:

The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis in India

CBD oil manufactured under a licence issued by the Drugs and Cosmetics Act, 1940 can be legally used in India, for medicinal purposes with a prescription, subject to specific conditions. Kindly refer to the same here for the legalities of use in India

This article does not endorse or express the views of Qrius and/or any of its staff.