SRL or Simulated Reality League, is an emerging trend that has kept gaining popularity over the last few years. It offers different staking options, both with fiat and cryptocurrencies. It can be described as a modern virtual sport that consists of pre-match and live betting options, quite akin to something like fantasy football, with many sports being available to bet on.
In this article, we will provide an overview of its popularity in South Africa to condense all vital information that you will need to get started.
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The growing popularity of SRL
SRL provides an alternative to real life sport matches. It goes without saying that it effectively rose in popularity during the pandemic when live games were disrupted or canceled left and right. It allows fans to keep track of and support their favorite teams.
Its technology draws upon real data from past live matches to simulate games, using various algorithmic processes to determine their outcome. A substantial reason for its popularity in South Africa is the accuracy and predictability it offers compared to other virtual sports platforms. Suffice to say that, in this part of the world, it has been well received and then some.
SRL also reflects the team form, head-to-head results and various other factors that have an effect on real matches. It also has a plethora of different betting markets available, similar to those than can be seen for traditional real-life matches.
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Pros and cons of using money or crypto to bet on SRL
Sportsbooks that offer betting on SRL tend to provide players the option of using fiat currency to bet on matches alongside alternative payment methods such as cryptocurrencies. It is important to do your diligence to determine what option is the most suitable for you to ensure the best experience.
Using fiat currencies to bet on SRL may incur higher fees, depending on the payment method you choose. However, it is still more widely accepted by most bookmakers. Cryptocurrencies offer more anonymity and security compared to fiat currencies, but are more prone to volatility and market swings.
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Benefits and downsides of SRL
SRL has some downsides that newcomers should be aware of compared to regular games, although many people consider it a superior alternative.
The upsides of SRL are its staggering realism, that is bound to only get better as AI technology and machine learning progress further and reach new stages of development. It’s also available all year round, so it gives bettors an alternative to keep them busy while there are no ongoing games being played for the season. On the flip side, bettors have to rely on external sources and potential technical difficulties can make the process a hassle.
Another downside is that SRL sometimes may not be able to capture the unpredictable feeling of real matches in regard to things like injuries, red cards, penalties or other unforeseeable factors along the lines of referee decisions. It also lacks the emotional attachment that can often be tied to the outcome of real life tournaments.
SRL is based on real-life sports matches and statistics.
Conclusion
Everything considered, SRL is a relatively fresh betting technology that is sure to see a growth in popularity and further developments in the coming years, in South Africa as well as around the globe. A lot of bettors like the increased predictability it offers compared to pre-existing virtual sports technologies, despite the fact that SRL platforms come with certain limitations.
Without a shred of doubt, this is an interesting product that has tons of potential, and there’s nothing stopping it from becoming more attractive and accessible to a broader audience as development progresses. Wagerers can access the platform through many reputable sportsbook websites and should always do their due diligence to make an informed decision.https://sportsbet.io/sports/cricket/simulated-reality-league/matches/