People use the term virtual betting to refer to two different kinds of gambling. One is betting for fun, where the money is "virtual." For example, a group of friends or online buddies could get together and make bets on their favorite sports using "points" as virtual money.
In the other kind of virtual betting, there's nothing virtual about the money exchanged at all! It's a term used to refer to all the betting that can be done these days with modern technology, from betting at online casinos to betting over cell phones. Sports betting has taken to the virtual world in a big way, but so have the online casinos.
If your kind of virtual betting involves real money, there are some tips and tricks to be aware of. When you sign up with an online casino or sports betting site, be sure to read the information on their payout policies first. Fast payouts rule in the world of virtual betting.
I recommend some of best of the online casinos here at GamblingWiz.com, suggestions that are based in part on their ability and willingness to deliver fast payouts to winners. You can also check forums where other online gamblers post what their experiences have been. There's nothing worse than hitting it big at the slot machines and then finding out it's a real hassle to get your money. Play it safe, and only patronize trustworthy sites, like the ones I recommend and back up with Jerry's Pledge. Jerry says good luck and have fun!