Betting on virtual races are presented in a similar way to real races however rather than being based on a real event, the outcomes are determined by a random number generator (RNG) with weighting applied proportional to the listed odds.
Random Number Generator (RNG)
The RNG has been independently tested by an accredited testing supplier details are available upon request.
Races are run “On Demand” which means that once a bet is being placed the race will start specifically for you. Each race is a new race and will run only for you.
Determining Return to Player (RTP)
For all the markets presented in this game, the customer can see all the possible outcomes and the prices offered. This allows the player to calculate the RTP of the market if they wish.
|Race||Min RTP Win||Max RTP Win||Nin RTP Place||Max RTP Place||RTP Forecast|
To determine the RTP of a Single Win Bet, divide 100 by each of the potential odds. Add these figures together and divide 100 by the sum and multiply by 100 to obtain a percentage. This gives the overall RTP shown bottom right of the following table.
For example, if the race has four outcomes with the below decimal odds, here is an example of how the RTP can be calculated:
RACER 1 1.25 100/1.25 80.00
RACER 2 8.5 100/8.5 11.76
RACER 3 11 100/11 9.09
RACER 4 23 100/23 4.35
(100/105.2) *100 95.05%
To determine the RTP of a Single Place Bet, divide 100 by each of the potential odds. Add these figures together and divide by the number of prize-winning places, take this and divide 100 by the result and multiply by 100 to obtain a percentage. This gives the overall RTP shown bottom right of the following table.
For example, if the race has 8 runners(thus 3 place winning positions) with the below decimal odds, here is an example of how the RTP can be calculated:
RACER1 1.74 100/1.74 57.47
RACER 2 1.99 100/1.99 50.25
RACER 3 2.05 100/2.05 48.78
RACER 4 2.1 100/2.10 47.62
RACER 5 2.2 100/2.20 45.45
RACER 6 2.45 100/2.45 40.82
RACER 7 3.12 100/3.12 32.05
RACER 8 6.6 100/6.6 15.15
Minimum Bet And Maximum Win
Betting in Virtual Racing has some limits, we have various minimum and maximum bet limits that may be encountered. There are dynamic and will vary depending on type of bet but will kick in to prevent you placing bets for which we would not return the correct payout. We do this to ensure you will always receive the amount listed as a payout if your bet wins, if a limit would prevent this payout you will be asked to amend you bet amount before it will accept the submission.
Races are broadcast as live video streams through an integrated media player, you can switch between any of the sports using the menu across the top of the screen.
You can set your odds to be any of Fractional / Decimal / American these all have their own nuances and it is a personal preference for what you are used too. None of these options affect your returns in any way it is just different systems for calculating or comparing the return. The default is Decimal, where the stake is multiplied by the decimal to calculate the return.
Users should be aware that, by their nature, fractional and American odds are rounded to the nearest number as appropriate. Therefore, in cases where the game or the user is playing with Fractional or American odds, the game will calculate based on the Decimal equivalent. The decimal values should be considered to be the true and correct values to two decimal places.
Each race has its own broadcast stream and betting options. In the header, you have the option to navigate between the different races.
Once selecting a race there are the following options:
The racers' details are being presented one after the other, clicking on the name of the racer will expand out their details and give you more information about them, and their history.
Placing a bet, after you have selected a race, you can select a bet by clicking on the odds, this will add them to the betting slip. The amount of the bet can be defined either by a default amount presented below the racer’s odds, Or/and in the bet slip before placing the bets.
The bets for any race close once you select to place the bets and start the race.
On the top right-hand side of the header, there is an option to view the latest bets, race outcome for those bets and the bets results including any wins and returns, as well as you will be able to see a replay if the race that had run, so you can always look back and find out if you won.
Once a race has finished you will be able to select Rebet which will place exactly the same bets again on new race with different runners. Rebet x2 will place the same bets on the new race with double the stake.
Malfunction leading to a race not running for any reason will Void bets for that race and return any stakes.
We offer a wide range of betting options this section aims to help you understand these bets.
Single - Win Bet
This is where you submit a bet on a single racer to win, if the selected racer does not finish in 1st place no win is returned
Single - Place Bet
This bet can be slightly different depending on the number of racers in a race and is where you submit a bet on a single racer to finish in a prize winning place, if the selected racer does not finish in any of these places then no win is returned.
NUMBER OF RACERS PRIZE WINNING PLACES
16 1st 2nd 3rd 4th
8-15 1st 2nd 3rd
5-7 1st 2nd
4* 1st 2nd
*Normally races would not accept a place bet on 4 or less racers but we offer you that chance
Forecast (Straight Forecast)
Forecast bet is where you predict which racer will finish in 1st and 2nd place if you get both racers correctly predicted you win, if just one of the racer is wrong you get no return.
Note: When placing a Forecast bet, the amount shown is only an estimate, the exact prize will be calculated when you win and may differ slightly from the estimate.
Reverse Forecast (Dual Forecast)
You can place this type of bet by using the “Any” button in the Forecast screen, this is an extension to the Forecast bet where you select two racers that need to come in 1st and 2nd place but in any order. This bet will cost double your stake and will return nothing if either racer does not finish in the top two.