Virtual sports anywhere is big business, and it has never been better in Africa. They are well-loved by players and operators alike because of their excellent features, including attractive visuals and a fast, realistic, and dynamic gameplay.
This is the article to read if you are interested in developing a virtual sports business in Africa. But first, what is virtual sports?
Virtual Sports in Brief
Virtual sports visually recreate sporting events from fantasy sports and are inspired by real events. They also offer a wide range of betting options. With the aid of technology, operators look to provide more virtual sports betting lines.
Betting on Virtual Sports is similar to sports betting. All a player needs is to select a sport/match from various options like football, baseball, horse racing, and tennis. Then you predict the outcome and receive a payout if you predicted right.
Why is Virtual Sports Getting Popular?
Although virtual sports have been around for some time, the COVID-19 pandemic led to its exponential growth and popularity amongst operators and players. Due to lockdown policies, most sporting events all over the world were either suspended or postponed.
This development left operators and bettors with little on their real sports betting plates. Since it’s online and matches are Al-generated, Virtual sports became the go-to of many punters. It provided a viable alternative for actual sports.
Another factor contributing to the increasing popularity of virtual sports is the competitiveness and increasing options of the game.
When they first launched, they only offered bets on a pair of teams or players. However, now bettors can place bets on a wide variety of options, including cups, seasons, and tournaments.
Operators have continued to consider virtual sports a viable alternative to regular sports due to the reasons below.
Why Betting Operators Prefer Virtual Sports?
- Virtual Sports brings in consistent profits at low operating costs
- Allow operators to offer their players a wide range of exciting sports games
- Bypass risks associated with real-life matches such as suspensions or postponements.
- Give Fast Outcomes
- Provide 24/7 gameplay and a variety of betting options
Starting a Virtual Sports Betting Business in Africa
Planning is vital when starting any business, especially virtual sports betting that requires enough capital and paperwork to start.
One factor that will influence your plan is if you already have a sportsbook or you just want to create one. Ensure you make a budget to fit the plan and don’t bypass it.
Getting a Good Virtual Sports Data Provider
Another essential factor you need to consider is the virtual sports provider you partner with. Most online sportsbooks cannot create virtual sports games. Instead, they act as a link between virtual sports software companies and players.
There are things you need to consider before choosing a data provider. Here are some of the factors that make a great Virtual Sports Provider:
1. Extensive Library
The best virtual sports providers feature a wide variety of sports games, from football to basketball and horse racing. Players make more bets at a sportsbook when they can switch between sports.
2. Professionalism
The best virtual sports data providers are experienced in the business. They have a team of professionals who understand the essential needs of a betting operator and how to satisfy their bettors.
3. A variety of betting markets
You should only consider companies whose virtual sports games have a wide range of betting markets. A single game round should offer various monetization opportunities.
4. Easy integration
A top virtual sports developer should offer games that can quickly and smoothly integrate with a sportsbook. The supplier should also have 24/7 customer support in case the game develops a fault, or the operator has an inquiry.
5. 3D Visuals
Players are more attracted to a game if it features excellent visuals. We believe that virtual sports games should come with impressive graphics and HD video streaming to keep bettors wagering. That said, the most popular virtual sports providers in Africa check these factors and more. Reputable names include GlobalBet, Golden Race, Betradar, Kiron, and Leap.
We conducted an honest review of these virtual sports developers in a new article. You should check it out before setting up a virtual sports betting platform in Africa.
Final Thoughts
Virtual Sports are here to stay. They proved to be a great alternative to real sports during the pandemic and have continued to generate high profits for operators.
What makes them lovable to operators and players are their great visuals, fast-paced gameplay, and betting options. However, to get the best from your virtual sports business in Africa, you need to partner with the best software providers. Some of the factors you should consider before selecting a virtual sports company are an extensive portfolio, betting options, integration, and customer support.
You don’t have to look far because most African virtual sports developers have these features, including Leap, GlobalBet, Golden Race, and Kiron.