The rapid spread of coronavirus around the world has affected –and sports betting are also not spared. The social distancing measures have brought about the closure of major stadiums and suspension of all the major sporting events. The decline in sporting activities has left sports bettors with limited options, and this can be devastating for sportsbooks. Getting creative is the only way to keep their huge customer base, but what are the best alternatives? Sportsbooks are now introducing new options such as political bets, reality TV bets, and casino betting and virtual sports. Let’s see how you can make money with each one of them.
Betting on esports is a simple process if you are not new to betting. The process is similar to the other betting types and markets. Most bookmakers have the esports market as a part of the sports section, and you can choose between in-play betting and the pre-match markets. If you want to try esports betting for the first time, start by looking for the best site to place your bet. Only a few sites are offering this option, but you can still compare factors such as the odds, payout times and the variety of betting options.
The other step after selecting your betting site is to go to the betting markets offered in the esports gaming section, here you can choose from the various games that are categorized according to their markets. Choose your team and proceed to enter your stake amount. As a new player starts with staking as your probability of losing may be higher before you understand how it works. The choice of sites may be minimal, but the fact is that there are plenty of good online tournaments with good esports odds for betting and you can take advantage of that. Players don’t have to worry about researching and planning their bets since most bookmakers post their prices some days in advance.
With most of the land-based casinos closed, most of the gamblers are shifting to online casinos, where they can play at the comfort of their homes. Online casinos continue their business as usual, given that they don’t rely on world sporting activities to make their odds. Online casinos have a variety of games and slots to choose from, with some requiring luck to win and others requiring strategy and experience.
There are a lot of online casinos available on the internet, each with its merits and demerits. Most of the casinos share similar games, but the game variety may differ between casinos. You also have to check the legitimacy of a casino to avoid getting into a scammer’s trap. Legitimate casinos should be regulated and licensed by a reputable regulatory authority and should correctly display their license number in their website. People also choose the casino with the best bonuses as it will increase the chances of winning big with fewer stake amounts.
When it comes to choosing the type of game to play, the best thing is to pick a single game and make it your game. You can first start with free versions of the game before you start playing with real money. The free game versions help newbies to understand the rules of the game and learn some gaming strategies. Learn about the game by reading everything you come across from sources such as books and online gambling articles. Knowing more about a particular game boosts your confidence, and the spirit will increase your chances of winning online casino games. Some of the popular casino games include blackjack, baccarat, roulette and a variety of slot games.
Virtual Sports Betting
The increasing number of video games such as FIFA and Football Manager has made Virtual sports more popular in recent times. Apart from making your fantasy teams, you can also place a bet on computer-generated leagues and matches in sports such as football, hockey, baseball and horse racing. The decreasing number of sporting activities due to the cancellation of major sporting events and leagues may increase the number of gamers participating in virtual sports as it is a readily available option in most of the bookmaker’s websites.
Virtual sports betting is similar to sports betting, but a computer generates matches in virtual games and also picks the winner without bias. The players bet on varying outcomes like in typical matches, plus the league history and the player profiles provided by the platform determines the odds. You can use the given history to make an informed betting decision in the same way you rely on real sport’s history when betting at a sports betting site.
The distinguishing difference between virtual games and real sports is that one us real and the other is a simulation. There are also other differences, such as the time it takes to get the results of your bet and the betting options, but the whole concept is similar. Bettors don’t have to spend a lot of time gathering knowledge about a team, but some of the winning patterns can help you make better decisions. The fact that virtual sports are similar to sports betting makes it an excellent alternative to sports betting during this coronavirus pandemic time. You don’t have to change the platform since most of the bookmakers have a virtual sports betting section.
Political betting is similar to sports betting, but the former requires a better understanding of the political systems. Political betting starts with identifying the country and the political race you want to wager. Most of the bookmakers will only offer markets for the UK elections and The United States elections, but others may add other European politics. The main options in political betting are prediction markets and online sportsbooks.
The prediction markets pride a question with a yes or no answer to traders, and the traders can buy either yes or no answers shares for each question. The prices for every share depend on its demand and supply, just like shares in the stock market. Players with the correct prediction get 100 cents on the dollar, and the losers get zero returns.
Online betting, on the other hand, has a variety of betting options. For example, you can choose who will win the nominations for the 2020 presidential election for in each party. People who make their bets earlier in this option have a lower chance of winning, but they have the advantage of higher odds. Players can also choose from other betting lines such as the party that will win the election and the gender of the overall winner.
Reality TV Bets
Another area you can make wagers is in reality shows. Most of the reality TV programs are about competitions with an outright winner after a series of eliminations. Each of the contestants has an odd for various categories like the outright winner, plus you can also choose the gender of the winner or the female /male contestants who will be the last remaining. Most of the bookmakers will only give odds for shows that are live to avoid the information leak experienced in pre-recorded shows. All you need to make some money from the reality shows is to start watching the show and understand the script.