Esports vs Virtual Sports for all — explained by BestBitcoinCasino.com

Many have now set their eyes on esports and virtual sports amid the coronavirus outbreak as sports matches have been put on hold for an indefinite time. But many still confuse esports for virtual sports, and the other way around. This is why the editorial team of BestBitcoinCasino.com decided to clear those for you!

With online sports betting industry suffering a huge blow from the COVID-19 pandemic, sports bettors have shifted their focus on esports and virtual sports for the past weeks. This has resulted in the increasing popularity of esports betting, as well as the reemergence of virtual sports betting.

These two — esports and virtual sports — are by no means similar to each other, but there are some identical features at first glance. This is the reason why it is easy to get these two completely different markets mixed up. Here, we will look at how these two are different in terms of what they are and what they offer.

How Do Esports and Virtual Sports Differ?

The simplest way to understand the difference between these two is to know what esports and virtual sports are.

Esports

Esports is the term given to the idea of gaming seen as a sport. This involves the video game industry, which produces games that have reach mainstream popularity, so much so that professional players join tournaments and compete to win prizes. This concept simply involves a video game that real players play.

Some of the popular esports games are:

• Counter-Strike: Global Offensive
• League of Legends
• Fortnite
• Dota 2
• Call of Duty
• Overwatch

Virtual Sports

Compared to esports, virtual sports are computer-generated sports like football, racing, basketball, etc. with fixed results. Human intervention in these games is absent, thereby leaving the fate of the matches entirely dependent on the RNG software. In short, no players control the outcome of the matches.

From the perspective of online betting, esports betting is more attuned to the mechanics of sports betting relative to real-life sporting events and matches. Virtual sports betting, on the other hand, is similar to playing RNG games but with the focus on popular sports.

Opportunities for Esports Betting and Virtual Sports Betting

Before anything else, it is important to assess where the attention on esports betting and virtual sports betting are coming from.

Why Are Esports and Virtual Sports Popular?

• Esports betting includes the most popular video games on computers, consoles, and mobile.
• Esports betting involves the biggest esports tournaments and events happening across the world.
• Virtual sports betting enables bettors to make sound decisions based on statistics.
• Virtual sports betting treats virtual sports similar to real-life sports matches in terms of schedule, team’s game style, etc.

With these, there are various ways esports betting and virtual sports betting can change or improve. For one, organizers can set up more esports competitions using top video games that professional players can join and on which bettors can wager. An example of this was when pro racers joined the friendly tournaments of Formula 1 and NASCAR during the coronavirus pandemic. This has opened doors for other games to enter the world of esports and potentially receive positive reception, as well as join the ranks of the most popular esports games to date.

Virtual sports betting, on the other hand, can include more sports as well other than football, horse racing, and basketball. iGaming software companies can focus on developing more virtual sports titles for hockey, tennis, American football, MMA, and boxing, to name a few.

Moreover, as to how long the need to stay indoors and practice social distancing during these difficult times remains unknown, operators and organizers can continue to bank on the renewed interest in esports betting and virtual sports betting. They can also use this popularity as a first step to fully launch virtual sports betting as a solid betting option and not just as an alternative to online sports betting.

Do you know some other valuable information that we could share on the topic? Comment below

Bitcoin halving event could signal big price increase -

https://www.valuewalk.com/2020/05/bitcoin-halving-event-price/

If Bitcoin hits $15,000 after the recent bitcoin halving event, what will you do with your long-term position?

1) HODL everything

2) Sell some/ all for fiat

3) Sell for physical asset

4) Other (comment answer)

Do share your thought with us. So, that together we can make the most out of our BTC. Thank you.

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Weekly general discussion - May 14, 2020

Welcome to the weekly general discussion thread of /r/btcsv! Thread topics include, but are not limited to: General discussion related to the weeks events, questions that don't deserve their own thread. Please discuss prices in the Weekly Bitcoin markets and price discussion thread.

Why TrueDEX chooses Bitcoin SV (current BTC/USD price is $9,435.15)

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Why TrueDEX chooses Bitcoin SV

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The Rise of Digital Payments

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https://preview.redd.it/jm1m2g05uoy41.png?width=3800&format=png&auto=webp&s=74ed4ae1ee25ad25ec0f03c03e6f6e8cea86e30b

When I was young, I remembered my teacher asked: “Hands up to those who think money is not important.” I raised my hand and he asked why. Being a naive 9 year old, I hesitantly answered “There are many other things that are far more important than money – health, clean air, etc. He then answered “True. But, you need money to build a mechanism with the purpose of maintaining clean air. You need money to buy medicine to recover your health. The list goes on.  It’s a painful truth. But, the world revolves around money – whether we like or not.” It taught me the meaning of “value” and the impact money had on the world as well as external factors that impact the value of money. 

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Currently, we are facing a global pandemic that threatens our precious lives.  Coronavirus started to create panic in China around November 2019. Little did we know that it had the power to cause such drastic changes especially towards the economy with multiple currency downturn. The most affected currency is the China dollar as well as China’s largest trading partner Australia and New Zealand, affecting their currency drop.  Cryptocurrency has been taking a major hit as well with the market crash that happened early in March. The cause of the market crash was, however, unclear. 

In other news, Bitcoin, a cryptocurrency that was initially perceived as a “safe haven” asset that is expected to retain or increase in value was seen to be a risky asset. For some, Bitcoin was bought at a low price to be resold at a higher price. Whereas some genuinely utilize it and consider it as a substitute to fiat currencies. Sadly, due to recent events, Bitcoin is once again seen as a risky asset that takes investors in a worry-joy roller coaster ride. According to experts, the crash was due to a general panic on the stock exchanges. Consequently, some investors began to rethink their investment strategies by selling their cryptocurrency assets most probably to pay off urgent debts and prepare for the pandemic by preparing for food and supplies.

History will record the occurrence of global panic buying, deaths, and peculiar drastic trends such as masks, cleaning supplies, and shockingly, a rise in digital wallet usage. As people become more health conscious while the government and doctors learn to contain the spread of coronavirus, thankfully, the economy is slightly improving. Analysts predict that the market will begin to recover gradually in the coming months, following a similar pattern to the SARS outbreak in March 2013, as the currency markets went back to normal after 2 months SARS was under control. However, as the economy slowly reverts, what will happen to consumer’s trend of making digital payments? 

Digital Payments Post-Pandemic

When experts revealed that cash is able to transport live virus for up to 17 days, people have immediately switched to digital payments in fear of spreading or getting infected by the virus from money transference. On the other hand, the U.S. Federal Reserve increased the minimum holding period for bills coming from Asia and Europe in an attempt to contain the spread. China and South Korea take it to another level by disinfecting money and burning it. Multiple banks have also encouraged the use of contactless payments such as online banking to avoid overcrowding of ATM terminals to withdraw money. These incidents have led experts to believe that digital payments are the future. 

A world without cash. Canada, Sweden, and the UK are among the top cashless countries. But, what would happen if other countries follow their footsteps? The absence of cash could attract many benefits such as crime reduction. People are able to eliminate the risk of being a target by not carrying cash as debit and credit cards can be easily reported and canceled if reported stolen. Whereas, if cash is stolen, it’s impossible to retrieve it back unlike digital currencies such as Bitcoin and online banking that enables you to keep track of your transactions. On the other hand, a complete cashless world is impossible as the poor remain dependent on cash. It might even cause a return to barter among the poor to exchange one thing for another in order to survive. This could, however, be avoided if there is a global strategic plan transforming the way humans live. Is it possible, though?