Virtual Horse Racing games were pioneered by the big UK bookmakers. These closely emulate real races, and are an ideal way to get horse racing enthusiasts to bet between the real televised races. These have now found their way online, and it is only a matter of time before these games make their way onto Bitcoin sportsbooks too.
This article gives you a complete overview of Bitcoin Virtual Racing. First of all, the premise of how this game works and the different games you can play are looked at. Next you will see some of the key advantages of betting on horse races (whether real or virtual) with Bitcoin. If you have not yet started Bitcoin betting, then there is a quick guide to getting set up at the bottom of the page.
How does Virtual Racing Work?
Games of chance which emulate horse races have been around for many years. The earliest versions were mechanical, and found in games arcades and casinos. You picked a horse and watched little models race around a track. Early online games looked much the same, with simple lines of horses moving at various speeds which you could gamble on.
The latest generation of Virtual racing has taken this idea to a whole new level. The videos of the races look realistic (you’ll be aware they are computerized, as graphics cannot yet reproduce the real thing). You’ll have form guides and the odds of each horse winning will reflect their form. These games work by giving each horse a proportional winning chance which correlates with their odds. Outsiders will win proportionally often enough to give you the opportunity to make a big score, though the favourites will come in more often.
These are not just individual races. The systems are set up with virtual racetracks, and race cards which take you through the days fixtures. With races kicking off every few minutes there are plenty of opportunities to bet.
At the moment the Bitcoin sportsbooks and casinos are not offering the next generation Virtual Racing Games. In recent times, several of the more popular Bitcoin sportsbooks, have stated that they will be adding this game on top of their current list of markets soon.
One other Virtual Racing game to mention is the fantasy sports type breeders’ game from Bet Turf. This allows you to set up a thoroughbred stable and enter your horses in races ranging from trotting through to the breeders cup. There are also opportunities online to bet on Virtual Greyhound races.
Why Choose Bitcoin for Virtual Racing Games?
With these games available at many sportsbooks for dollars, euros and pounds – many readers will be interested in the advantages of playing for Bitcoin instead. There are three key reasons to switch your Virtual Racing over to Bitcoin – these are free transactions, instant cash outs and anonymous gambling.
For many US players, the transaction fees for depositing and withdrawing from offshore online sportsbooks are prohibitive. These can be 5% or more for credit card payments, and even more for money transfers. Cash outs can often set you back $40+ for a paper check. With Bitcoin there are no charges at all. This benefits players from around the world, and not just the US. Free payments mean that the overheads of Bitcoin bookmakers are lower. They can use this advantage to offer more competitive lines – and better promotional offers.
Delays in withdrawals can be frustrating wherever you live in the world. With Bitcoin these are instant – you’ll have the money within a few minutes. The final and most significant advantage for many bettors is the anonymity of BTC gambling sites. Bookmakers will not ask for personal information, with only an e-mail address needed to register. There are also no document checks and oftentimes no geo location restrictions either. Some licensed Bitcoin sportsbooks, including BetVip, have chosen to not accept players from the US for the time being- though most BTC books will.
How to get started with Bitcoin Virtual Racing?
It will not be long until Virtual Racing comes to Bitcoin sportsbooks, so now is a great time to get the setup done that will let you get going with this new gambling format right away. There are 3 simple steps, buying your Bitcoin, registering at a BTC sportsbook – and then finally making the deposit transaction. Here is how they work.
To buy Bitcoin you’ll need a wallet to keep them in. These are free and you can get an online one from one of many global websites which specialize in this area. The biggest and best known include CoinBase and BTC-E. First, you sign-up for a wallet and then use the cashier at those sites to buy your initial coins. You do not need to buy a whole Bitcoin; these are available in units of 1/1000th of a Bitcoin, known as mBTC.
Next you can register with a sportsbook; this will be anonymous – needing only an e-mail address. You’ll usually click the terms and conditions verifying your age and that gambling is legal in your jurisdiction – though no other checks are made. Finally, you can deposit. You’ll be given a string of letters and numbers by your sportsbook. This is a Bitcoin receiver id. Simply cut and paste this into your wallet, and hit send. Your payment will be available to hit the Virtual Racing games within a matter of minutes.