One of the fastest growing betting market is virtual football – but how did it all begin?
Virtual sports are computer-generated games of certain sporting games. A Virtual football game is a game simulator for a real football game. It is run by a special software that is built on a number generator and which processes the game by itself. It is basically like the video games FIFA and Pro Evolution Soccer only that there is/are no real-life persons controlling the team/s.
The global football market size was valued at $ 1,883.6 million in 2019. According to the global football market analysis, it is estimated to reach $ 3,712.7 million by 2027. The global market is forecasted to grow at a CAGR of 18.3% from 2021 to 2027.
Virtual sports betting may be one of the fastest growing betting arenas in the modern sports betting industry, but it is still very much a fledgling market. While computer games have been around many years, developing the different virtual sports games has been a somewhat long and occasionally arduous process.
How Virtual Football Took Shape
The foundations and history of virtual football has more history to it than you might think. AS one would expect, it began to take shape as technology began advancing from older style 8-bit games to impeccably complex and graphically stunning games.
Another trend that went along with this development was the undertaking of moving games to an online platform. The Internet meant you could watch and play against other players, rather than just the computer software. Multi-user interactive games became hugely popular over time as well as fantasy league.
It was a slow, but gradual growing process as people began realizing the potential and the idea of combining several things into one. It was clear now that everything that you needed to develop tangible virtual sports online was there. It just needed a proper foothold to take off into the mainstream because at this point people were still skeptical to the actual implementation of it – would it be trustworthy? How would it work?
This discussion of which company was the first to develop virtual sport betting leads to many different answers, but the arrival at it is the same across the board – it is a constant road of innovation and experimentation, probing the capabilities of computer gaming, interactivity, graphic capabilities and multi-user compatibility, with a simple, yet varied betting system that could be controlled from within the game itself, virtual sports was born.
Evolution of the Market
Since it’s innovation, sites have been adding virtual sports to their options for customers ever since and the feedback suggests that it is a huge hit with consumers. The primary draw of it is the aspect of getting to place a bet and have the result of that sport with you within 90 seconds or so, rather than having to wait the hours it may take for a real life sporting event to end. It was like instant lottery, but with the compounding intrigue of watching the game play out.
Furthermore, another benefit to virtual sports is that the participants do not need heavily invested knowledge and research into the sport itself. Instead of needing to keep up with roster changes, figuring out which team is stronger, the recent performances of team, virtual sports gaming has a randomness that real life sports cannot match and while some punters see this as a negative, others find it a positive.
Though football always remains one of the biggest market for virtual betting, there have arisen many peers in the market, primarily being horse-racing and F1 racing and more.
The bottomline is that real football is always scheduled at a certain hour and day of the year, and it can be watched live. Pre-recorded and live-rendered virtual football allows players to enjoy and bet on both virtual and real football.