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Guide to Betting on Virtual Horse Racing

May 19, 2020 136 0
Guide to Betting on Virtual Horse Racing

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Sports betting enthusiasts are always on the lookout for new niches in the industry. While betting on virtual horse racing is a relatively new phenomenon, it has been right up many bettors’ alley. It has gripped fanatics of the classic sport, and bookmakers are starting to develop digital markets. The races are frequent, enjoyable, and give you the chance to win serious cash.

What Is Virtual Horse Racing?

Virtual horse racing is rather self-explanatory. It is a digital sports betting game where players can wager on one or more out of six to eight horses that are racing at the track. The events are computer-generated simulations modeled on real-life races. You get a simulated set of races occurring online via the sportsbook itself. Geared exclusively towards wagering, you will have a set of forecasts, and you can select the winning horse.

Besides wagering on the horses themselves, single bets, trifectas, forecasts, and each way bets are also on offer. That is because the structure is pretty similar to traditional horse racing.

Although most sportsbooks can vary in the exact details of their virtual horse racing, the overall format usually stays the same. Here’s a general layout of what you can expect on virtual horse racing betting:

  • Venues: The name of every venue differs between the sportsbooks, but the format is similar. They provide diverse terrain, from flat racing to jumps.
  • Start Times: Several sportsbooks offer staggered start times. Moreover, depending on the length of races, these should let you instantly move between games placing multiple wagers.
  • Bets: You will find a selection of different bets available, including each way bets, win bets, forecasts, tricasts, and many more.

Once you put down some money, you will see a graphic simulation of the race occurring, followed by the results.

Virtual vs. Real-Life Horse Racing

When it comes to betting on virtual horse racing, waiting for your event to begin is never an issue. Betting markets are open 24/7, starting every minute. Even better is the speed at which they settle wagers. You can expect monies to be sent to you shortly after the completion of the race. Needless to worry about waiting for race officials to decide the winner and examine photo finish for several minutes. Everything is instantaneous in virtual horse racing.

No worries also if watching real-life horse races is your cup of tea. The mind-boggling digital graphics nowadays let you experience ultra-realistic racing with lovely scenery. With all these life-like graphics and speedy advantages, you will hardly notice that you are wagering on a digital version of the sport. Moreover, you do not need a deep knowledge of horses to get into it. Just select a runner you like and then wager.

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Pros and Cons of Virtual Horse Racing Betting

As with any online betting products, virtual horse racing betting comes with a set of pros and cons that you must consider before playing. The advantages of virtual horse racing betting include:

  • Fairness: Since a random number generator (RNG) software powers the results, corruption plays no factor.
  • Sophisticated technology: Flawless functioning, as well as life-like, first-rate graphics, will wow you.
  • Bet on-demand: On-demand and around the clock, you do not have to wait for a race to begin again.
  • Simplicity: Each race is entirely independent of one another, needless to consider horse age or form.
  • Beginner-friendly: A computer algorithm decides the outcomes at random, so newbies do not need to spend long hours reviewing races.
  • Quick results: Instead of waiting for photo finish analyses or official’s decisions before your bet is settled, the result is out as soon as the race finishes. That makes payouts extremely efficient.

Meanwhile, the disadvantages of virtual horse racing betting are limited bet types and limited atmosphere. It is advisable to weigh the pros and cons of virtual horse racing betting first before deciding whether or not it is for you.

What Is the Best Virtual Horse Racing Betting Strategy?

Wagering on fictitious horses is a systematic process. Similar to real-life horse racing, the horse is more likely to win the race when the odds are shorter. You will have various options before the race starts. Firstly, you may select a runner from the available horses. Remember that all these horses are fictitious, and the game uses an electronic RNG, which ensures random outcomes in every race. Therefore, you will not find any pattern for the winning chance of a runner. While that does not indicate all horses have equal winning potential, it is not logical to back a horse according to its run history. Below are some points you must consider carefully when selecting your virtual horse racing bet.

  • Keep a betting system to manage fund flows.
  • Consider tricast or forecast bet type selections for a higher payout.
  • Pay attention to a noticeable favorite according to the whole field.
  • Compare how short is the favorite versus the longest odds in the field.

The best thing about virtual betting is you can place wagers on multiple races in a little amount of time. Several punters struggle to see the significance of this type of betting. However, once you establish a reliable system for identifying value in virtual horse racing odds, you will see that every racing form guide and tipster serves one purpose.

How to Find the Best Betting Site

Picking the best betting site is not always an easy task. You have to consider several key variables. These include the number of virtual horse racing events available at any given time as well as the quality of services on offer. You must also calculate the exact amount you want to gain financially since the welcome promotions at bookmakers differ significantly.

The best operators offer at least three virtual courses to choose from. The tracks cover different race types and distances. Races take place at regular intervals of three minutes and in a staggered manner to ensure that a race starts every 60 seconds or so.

When it comes to virtual horse racing, only a few select betting markets are available. You will not get the same variety as real-life horse racing. Nevertheless, you can still enjoy a ton of betting options.

However, recognize the fact that most betting sites offering virtual sports markets want to keep you playing at their platform. The markets available often hold very little regarding problem and maintenance costs, except paying out winnings.

Sports Betting in Thailand

Many Thais are sports betting enthusiasts. But the million baht question is whether or not sports betting is legal in Thailand. Well, sports betting and most forms of gambling are illegal in the country. Betting on horse racing and the national lottery are the only exceptions. Multiple legislations outlaw gambling in Thailand. It ranges from the Gambling Act of 1935 to the Anti-Money Laundering Act of 1999. Moreover, according to sections 853 and 855 of the Civil and Criminal Code, any gambling debt is unenforceable. When it comes to enforcement, the legislation sees wagers as if they are nonexistent.

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Also, you do not even have to gamble with real money to be guilty of gambling. Those playing anything that appears to be gambling, like play money online poker, can face penalties, ranging from a 1,000 THB fine to one year jail time. However, authorities do not seem to be very interested in online gamblers. Most players who have been prosecuted for gambling are those playing in underground casinos or were reported by someone. In some cases, offenders may settle a fine on the spot to fix any gambling complaints.

Fortunately, several regulated and licensed online sportsbooks cater to Thai players. Online sportsbooks provide you with an array of betting options and excellent odds. You can place various bets, including straight bets, home/away bets, money lines, 1×2 bets, point spreads, parlay, teasers, and several others. If you have a preference regarding bets, odds, and sports on offer, you will likely find it with one or more online sportsbooks.

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