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Understand Virtual Betting

Understand Virtual Betting

Published on 07/10/15

Virtual betting is betting on computer generated images of a sporting event, usually a horse or dog race but it can be any sport from cycling or motor racing through to a football match. “Return to player” is widely quoted at 80% to 95% (which means that over a long period expect to get back £8.75 for every £10 you bet.) The Return to Player is higher with fewer runners.

Virtual Betting

Why does virtual betting exist? Primarily it exists to keep punters interested during non-real racing periods, and, of course, to make money. Bookmakers want to keep shops busy in between live events. People won’t stay in quite shops, and bookmakers want to keep them there before the racing starts. It also creates noise and excitement in the betting shops, while otherwise the tannoy would just buzz. People in betting shops will also play machines while they are there and perhaps put a football bet on.

What characterizes virtual racing is usually a large number of runners, with winners and placed horses at large odds generating phenomenal forecast (pick the first 2 in order) and tricast (pick the first 3 in order) odds. This enables punters to have very small stakes per race thus enabling them to pass a lot of time, always with the promise of a large payout.

You can’t possibly win on virtual racing. You just need to work out how much you would lose in each race if you bet every horse in it to win £10. Further there is no form to study; not edges to spot; no whispers to cash in on. There is even no market to follow, all outcomes open at a price and start the event at that price. Furthermore, they are a nuisance, the prices appear for all 20 runners, the clock announces thirty minutes to get your bet on and then it starts.

Or can you?

We are not setting up Bletchley Park here, but it is a known fact that computers are never random. If clever people with sophisticated computer programmes can manipulate the LIBOR rate, no more said.

It is always important to look at the real world. Most people would imagine that a computer programme generates a random number relative to the horses’ odds when the race starts and that gives the fair result. Ah, but hang on a minute, how then do they get the computer images to match the result, how is the commentary word-perfect?

The answer is we don’t know. These matters are shrouded in secrecy and commercial confidentiality.

Who operates them is interesting. Some bookmakers have a constant stream of their own feeds from Joe Bloggs racecourse that run every 5 minutes. These are best ignored. SIS provides most virtual racing. This company is owned primarily by the large bookmakers and provides racing streaming to all betting shops. Their virtual venues like Portman Park can easily be identified by the fact that they appear in more than one high street bookmakers. This company’s turnover is £250m, so you have to believe that it has spent some hefty monies on software for its virtual racing product.

The good thing about the SIS product is that the priced cards all appear early in the morning on the large bookmakers sites. At least this gives you the time to study the race formats. Look for an unusual race, there is always one there. What you want is a small field with a short-priced favourite (anything between 11/8 and 15/8 is short in a virtual race.)

Now imagine that the SIS software could override its predetermined winner or the winner decided at the start of the race by random software. Perhaps it couldn’t even determine the winner, but it had the ability to either increase or decrease the chances of the favourite winning.

Then there could be value in betting on this. We then have to look for situations in which the bookmakers would want the virtual favourite to win.  You have to recognize that it’s not going to cost them much if it wins. The small punter tricast regulars are going to ignore the favourite and people who do back it are not going to bet large stakes, and in any event it is at a short price.

So the first occasion they would want it to win is at a particular time of day. Lunchtimes or early evenings (as opposed to 10 in the morning or 9 at night.) This is because they want to keep people in the shops for the racing; they don’t want them to get disillusioned by losing all of their money on a virtual favourite and go home.

The next occasion is when factors in the real world have gone a particular way. Let’s say lots of favourites have won in the real world that day before the virtual race. There is no reason to put a virtual favourite in. On the other hand if lots of outsiders have won in the real world, dogs and horses, then the bookmaker has made his money that day and has a shop full of disillusioned punters who are about to leave. I know what I would do in that situation, or perhaps the software would do it for me.

If you accepted some of these possibilities, then you might end up with a 7/4 winner once a week. You might also like to consider that to “beat” the software you would need to cap your bet (say £50 maximum); place your bet in a shop never online, and strike it as close to the off as possible.

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  1. Avatar

    What you say is quite interesting but why would they not want there short odd fav winning at 9 at night?Surely this would send punters home with there faith reassured that favourites can and do win.

    Reply
  2. Avatar

    So am I right in saying that virtual racing is not policed in any way and that the bookies can pick the winner at the most advantageous moment to themselves;in, the one that will make them the most money?Surely this is total extortion?I always imagined there must be rules they abide by to ensure this doesn’t go on,but reading what you have written,I am now convinced it is totally corrupt and surely is or should be illegal.

    Reply
  3. Avatar

    I have always wondered if there is a mass computerised system in place to change a final result? When in a Betting Shop you place your bet and it is processed with plenty of time during a race to amend a result. I have had two very close calls with forecasts which would have paid me a high three figured amount for a small stake, and each time I have the forecast right up almost to the line and in a flash it has reversed or as in a case lately another number took second away from me! It was far too close to be realistic. I have often seen some strange finishes to races that has made me think that something is not right. I have tried the same numbers in all VR over a day for a whole week and won nothing, what are the chances eh?

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  4. Avatar

    Virtual betting is a broad day robbery and no body seems to care about this thefty…there is nothing like making real money through this sh**t..

    Reply
    • Avatar

      I think it is a bit of con I bet every day I follow the paternity I back a few which has got beat and the ones that have been beat a couple days later the one I have had have I don’t touch but if I don’t put them on they win

      Reply
  5. Avatar

    I have noticed man made manipulation of virtual racing in the following ways. First look at the horses names and pick the most uninteresting name. Its obvious to the bookmakers that most punters will be drawn to a horse named hot momma. Pick the horse named cuthbert or cumberwhich. Second I often win by picking the longest horses name. Its obvious the programmers realize puntets are rushed by the 60 seconds to write and place the bet so punters will naturally be put off by large hard to spell names. Two races ina row yesterday had the longest horses named win at big prices. Try these methods and good luck.

    Reply
  6. Avatar

    I have a question, is there any way one can hark into the programmed virtual betting, control and change results in his favour?

    Reply
    • Avatar

      It’s possible to hack the seed that produces the software algorithm, that way you can know the results rather than trying to change the results. On a fix programming like a Virtual Horse Racing, trying to hack the system to manipulate it may not be an option, but it’s not impossible par say.

      Reply
  7. Avatar

    I watched steepledowns and sprintvalley and noticed virtual horses stretching out before the race starts. I watched where the second horse crossed over the name of a virtual horse ad it scrolled across the screen and picked that horses name. I won five times in a row and turned five euros into two hundred and thirty five. Sadly it stopped working on the sixth attempt and rarely works since. Coincidence or I stumbled on an insiders fix? Hmmmmmm???

    Reply

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