In an age where online gambling has become a 24/7 business, betting firms have had to become increasingly innovative in order to keep punters engaged.
Technology advancements over the past few years have allowed bookies to increase their virtual sports offering, meaning you are never more than a minute away from being able to place a bet.
Horse racing is one of the most popular forms of virtual sports, with all of the top firms offering odds on meetings throughout the day. Read on as we take a closer look at this rising phenomenon and assess whether it is feasible to make a profit from virtual horse racing.
Virtual Horse Racing Technology
Powered by industry-leading software from companies such as Inspired Entertainment, virtual horse racing has progressed a long way from their early incarnations. For instance, punters using 888 horse racing betting on virtual sports can enjoy an extremely lifelike wagering and sporting experience.
Inspired is one of the leading development firms that have invested major resources into creating fully licensed and regulated horse racing games.
These are branded to the bookmaker’s individual specifications, allowing punters to enjoy the thrill of horse racing 24 hours a day, seven days a week.
Virtual Horse Racing Types
Bookies have been keen to ensure that their virtual horse racing service closely mirrors the experience of the real-life version of the sport.
Flat races are usually held over a few different distances and generally take between 20-40 seconds to complete. National Hunt races take a similar amount of time to run and the participants typically have around four or five obstacles to jump.
All races feature realistic virtual horse models and animations, while some are now accessible via Virtual Reality tech where punters can fully immerse themselves into the action.
Virtual Horse Racing Betting
There are a few different ways to bet on virtual horse racing including win, each-way, forecast and tricast, with the odds and returns on each of these formulated in advance.
Punters are given the chance to study each runner’s previous form prior to a race, although this actually serves no real purpose. All of the results are determined by a Random Number Generator that determines the eventual outcome of each race.
Bookies are required to advertise the Return to Player (RTP) percentage on all their virtual sports and this is generally around the 96% mark.
Virtual Horse Racing: A Winning Strategy
The Martingale system is a mathematically sound strategy that requires you to double your stake after any losing bet and repeat this up to the point you back a winner.
This strategy could be used in virtual horse racing to back the favourite in each race, providing the odds are Evens or greater in each event. For instance, you place a £10 bet on the 2/1 favourite and it loses. Your bet on the next race would then have to be doubled to £20.
Assuming odds of 2/1 again, if your second selection wins your returns would be £60 – a profit of £30. The maths behind this system ensure you eventually make a profit if you follow it rigidly.