What is virtual sports betting?
To put virtual sports into simple words it is nothing but a selection of scheduled fixed odds games or events in which the bettors place their bets on a number to predict its outcome. It is a fun way to place bets on a simulated event or round of events as the number is generated by a random number generator.
What are the markets available:
The following are some of the popular markets available in the virtual sports betting portal:
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1X2
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Over/under
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BTTS
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Double Chance
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HT/FT
Viewership of virtual sports skyrockets:
The main reason for the 60% jump in the viewership of Twitch in the month of March is that sports fans and players across the world are turning to virtual sports as they are frustrated by the canceled matches. Todd Sitrin, senior vice president of Electronic Arts said that the company is witnessing a dramatic increase in the viewership for the broadcast of esports in which the multiplayer game Apex Legends takes the lead with an increase of three times its usual viewership.
Since all the traditional sports have suspended their games and broadcasts fans have been looking for a way to quench their thirst for sports. Online streaming platforms also recorded a similar surge as they had a 43% jump in the viewership in the final week of March. This exponential surge indicates 495 million hours of streaming by the people. This is the first time that virtual sports companies are witnessing such numbers.
Similarly, Twitch, the online game streaming giant owned by Amazon Inc also recorded a jump of 60% in viewership by the last week of March, which is 1,300 million hours more compared to the previous year’s data.
