If you browse different sites that offer betting advice to players, in particular about virtual sports betting, you can read quite controversial comments. Some people think that you can always win from betting using some different examples, while others will claim to have a "system" which means that they can guarantee a profit even with bets on virtual sports.
But is it really so? Is there a winning strategy that you can follow when betting on virtual sports that will always give you positive results? Or are you skeptical, because if there was such a strategy, you should have heard about it already?
Let's look at some of the common myths you can find online about how to bet profitably on virtual sports.
Arbitrage or zero risk bets
Some articles online describe how people use this particular form of betting to ensure they win a bet on a sporting event. Basically, this bet works like this.
You find a sport event where a draw is not possible and one team or participant or the other will win the game. Then you need to find a bookmaker or a betting exchange where you can support one team for a given odd and then find another bookmaker or a stock market where you can support the other team for a given odd.
If you find where, then you can support both results with different bookmakers for example betway and bet365 and no matter which team or player wins you will win, as your lost bet will be covered by the win you make, plus getting your original bet back.
This all sounds pretty simple and tempting, but in reality it's almost impossible to find such a bet because:
- It is extremely rare to find two teams or players in two different bookmakers who have sharply different odds for the same events. Bookmakers are not stupid, and although they will increase the odds to attract more bets, they will not make it so that players can guarantee a profit.
- A bet works only when two teams or players play and there can only be two outs, a win for player A or a win for player B. If more than three players or teams or a third result is possible (as a draw) then you will lose both bets if you do not secure a draw. In this case, if you supported all three results, then you would have to make every choice with a bet better than 2/1 to win, which is simply not possible.
These factors have an even greater impact on virtual sports betting, where software is designed to accurately avoid situations such as this, so the bookmaker offering virtual sports can be assured that it will not lose.
In addition, virtual sports are set up so that most have more than one competitor in each event, which makes this type of betting useless anyway.
There is a way to use arbitrage betting that uses betting site offerings and increased odds to ensure that you can earn a small profit from certain events, but it can take a long time and often the profit made from a single bet is much smaller that the bet is not worth making. In addition, if the bookmaker site suspects that you are betting this way, then it can suspend your account immediately.
In terms of virtual sports, arbitrage or zero-risk bets are completely dysfunctional, as the software is designed precisely to avoid situations where such bets can be used.
A winning system
One of the most annoying things you'll find when looking for different strategies for making money from virtual sports betting is self-confessed experts who will tell you something like this:
"People will tell you that you can't win from virtual sports, but you can, I earn all the time and earn € 100 a day doing that ..."
This statement is usually followed by a series of spreadsheets that show that the author has won many, many times in virtual sports, making huge profits and at first glance never choosing a losing selection.
Then you try to find out a little more about this strategy. Then the author can explain you with some complex words to make their strategy sound very complex, based on scientific fact and guaranteed to be profitable.
What is remarkable here is after that you have to pay for this strategy in the form of buying a book or subscribing to a website or something like that.
You would think that if a strategy is guaranteed to be profitable, the author will allow you to use it for free for 14 days and then charge you so that you can pay for the book or subscription from your profits, right?
Unfortunately, what you are offered in these examples of a "winning system" for betting on virtual sports (or, in fact, almost any form of online betting) is simply a processed version of an old betting system that does not actually work (such as the system Martingale) and that will certainly not guarantee you a profit in any way or form.
The reason is that these systems work on the basis that the results of virtual sports are predictable and work on a specific system. However, virtual sports are based entirely on chance. Certainly the handicap of any selection in a competition or event shows you who is more likely to win, but the coincidence of sports means that any of the competing selections could win.
In addition, there is no pattern for randomly identified profits. It may seem like a model, especially in a very small part of the data, but when you extrapolate it over a longer period of time, those models disappear.
The only thing that profit-making virtual sports betting strategies are about is to trick people into paying the author for information that is incorrect and, at worst, potentially costing the loss of big amounts of money.
If there is a winning system for making money from virtual sports, the author should allow you to try it for free until you really win to pay for the subscription or guide. Strangely enough, no one seems to want to take the risk.
If virtual sport is essentially as casual as an online slot, there is no strategy to follow that guarantees you victory. You can choose to bet in certain ways and in certain markets and events to improve your chances of winning (choosing a winner in a 4-speed Speedway race is easier than in an 11-horse race, for example), but do not think that there is a quick and easy way to make big money on virtual sports. Because if you are one of the people thinking so, then you were just lucky winning a big profit.