Esports Betting
Esports betting has been around for a while, but it’s only recently that the world has been taking notice. The industry has grown by leaps and bounds in just the last few years, and it will continue to grow as more people get involved.
It can be hard to know how to start betting on esports, though, so we’ve compiled some information here on what you need to know before committing any money.
We’ll also go over tips for those who are new to this form of gambling and provide some insight into what you should expect from this exciting esports betting market!
What Is Esports Betting?
In short, esport betting is the process of placing money on the outcome of a video game tournament. The most popular sport is League of Legends, which has its world championship every year.
Major companies like Samsung and Toshiba sponsor participants in this tournament, while others have corporate sponsorship from large organizations like Intel or Coca-Cola.
Many esports betting sites offer odds on this tournament, and many others like it. These sites are considered legal in most countries, but where you can bet is dictated by local laws.
How does esports betting works?
To bet on an esports tournament, you must select which team you believe will win the competition. Then, once the tournament starts, you’ll be able to see where your team is about other teams competing for first place.
The goal of betting on esports is to make money by predicting the future outcome, and you can get better at doing this by reading up on available information.
Information like team standings, player performance, and other statistics will play a significant role in your esport betting strategy. The more you learn about the sport and the players competing in it, the better your chance for long-term success.
Benefits of Esports Betting
Now that you know what esports betting is and how it works let’s go over some of the benefits that this form of gambling can provide. These include:
1) Growing Activity
Esports are more popular than ever. New markets are coming online every year, and old ones see exponential growth thanks to technological improvements like faster speeds on the internet.
2) Availability
You would have been limited to physical locations if you wanted to bet on a video game in the past. Now, though, esports betting sites allow you to wager from anywhere in the world if you have access to the internet.
3) Competitive Pricing
Many of these sites offer lower prices for those who bet regularly and higher prices for those who want to wager a lot at once. You can even take advantage of bonuses or perks that lower the fees associated with betting on esports.
4) Gaining Experience
If you’re new to esports betting, it will take time and practice before you become comfortable with this market. But the good news is that every bet you make will teach you something about the game and what to expect from it in the future.
5) Wide Range of Markets
Esports betting sites offer odds for many different esports tournaments. Sites like Unikrn even have wagering on competitive video games that aren’t as big but quickly gaining popularity.
6) Fast Payouts
If you use a site with suitable payment options, esports betting sites will allow you to get your winnings quickly. Payouts on the same day are the goal, and most sites have a payout time of about 24 hours.
7) Community
Esports betting sites are famous for more than just the ease of use and low commission rates. They also provide an environment where esports enthusiasts can get together to discuss their favorite teams. This is important because you’ll be able to make much more informed decisions when you have access to other people who know what they’re talking about when it comes to betting on esports.
8) Player Appreciation
The number of people who play video games is much larger than the number who watch them, but this doesn’t mean that those watching don’t matter. On the contrary, competitive gaming wouldn’t exist without its fans.
Because of this, many sites treat their players better than traditional sports betting websites do. This means that they are more likely to offer bonuses, free bets, and other incentives to entice you to sign up for an account with them.
9) Access to Info
There are many esports betting sites out there that will give you access to information about upcoming tournaments, rosters, and other details. Most of this is free, but should you choose to sign up with one of these companies so that you can bet on esports, they’ll provide you with even more information.
10) Passion
Some people make living playing video games, but many more will bet their time and money on the outcomes. So, whether you’re watching professional teams compete in tournaments or making your predictions for which players will win at home, the world of esports is quickly growing to include everyone.
Tips When Betting on Esports Games
Now that you know what esports betting is and how it works, let’s go over some of the tips that’ll help make your experience as enjoyable as possible. These include:
1) Know Your Game
Esports online betting is different from traditional sports betting. For one thing, you’re not just picking the winner of the match; instead, many sites offer odds on items like which team will capture a specific point or kill another player first. But, of course, this means that you need to know and understand the game before you can bet on it with any confidence.
2) Practice
Esports betting sites are great for getting into this market, but you need to practice before expecting to win regularly. Place small bets at first so that you can get familiar with the game and the odds associated with it. Then, once you’re comfortable, you can place larger bets and hopefully earn some winnings.
3) Get to Know the Sites
Larger companies own a lot of esports betting sites, but many others are independently owned. In addition, some sites may adjust commission rates based on how much you bet or even offer incentives for frequent use. Getting familiar with all your options will ensure that you can take advantage of any promotions these sites might be offering while also allowing you to compare odds between different sites so that you can find the best possible value.
4) Study Up
There are many teams in esports, but not all of them are equally skilled or successful. If you want to become a competent bettor, you must take the time to learn about each team and how they compare to one another. There are many resources out there, including websites and forums where people track team statistics over time. Use these tools to become informed before you place your bets.
5) Set Limits
One of the best things about esports betting sites is that they make it easy for you to monitor your spending, deposit limits, and other account details. This means that it’s easy to keep track of your funds and ensure that you don’t overspend on the games you watch or bet on.
6) Be Realistic
Esports betting can be exciting, but it also comes with a certain amount of risk. Don’t make the mistake of thinking that you’ll win every time you bet; instead, keep things in perspective and be realistic about your expectations. You can still have fun and potentially make some money even if you don’t win every single time.
7) Know When to Quit
You must know when to walk away from a bet and cut your losses. If you’ve lost several bets in a row, the best thing for your wallet is to quit while you’re ahead. However, there’s no need to keep making bad bets to “get even” with the site; instead, ensure that you protect your money and your sanity by betting responsibly.
8) Don’t Bet Against Your Team!
Everyone has their own opinion about which teams are best but remember that your personal preferences do not outweigh actual game statistics. Stick with the numbers and make bets based on what they tell you; don’t put your money behind a team just because you think they’re undervalued, or you’ve played with them in the past.
9) Be Aware of Scams
You should always keep an eye out for scams when dealing with esports betting sites or any other kind of online gambling site. Some companies may pose as esports journalists or popular streamers to gather your personal information, while others might try to trick you with malware or fake tutorials. Be wary of any site that promises quick cash or wants you to provide sensitive information; these situations usually cause concern and should be avoided whenever possible.
10) Be Patient
Finally, don’t be in a rush to cash out your winnings. It’s essential to take things slow and ensure that you make smart bets throughout several games before you start thinking about cashing out any money. You’ll also want to take your time deciding where you want to place your bets; there are many esports betting sites to choose from, but not all of them are equal.
These are just a few of the tips that’ll help you to become an informed and responsible esports bettor. With this knowledge, you should make bets with confidence and avoid some of the most common mistakes that bettors make when trying to win money online.
Most Popular Esports Betting Games
Now, let’s look at the most played games in the esports world. First, of course, all of these are available on different betting platforms where you can place bets on your favorite team or player.
1) Counter Strike: Global Offensive
One of the most popular esports games is Counter Strike: Global Offensive (also known as CS: GO). This first-person shooter video game was released in 2012, and it’s a successor to earlier versions of the same title. In this competitive 5v5 game, players fight against one another on different maps to fulfill objectives and defeat the opposition.
At this point, the game has held several large-scale international tournaments that have attracted hundreds of thousands of players and viewers at the same time. One of its most notable tournaments is known as ESL One Cologne.
2) League of Legends
League of Legends is one of the most popular multiplayer online battle arena video games ever released. The game was developed by Riot Games in 2009, but it didn’t gain more traction until 2011, when the company held the first World Championship. At this point, League of Legends has become a huge esport with millions of players and viewers who watch live streams daily.
3) DOTA 2
Another immensely popular arena multiplayer online battle arena video game goes by the name of DOTA 2. This game was initially released in 2013, and it’s currently one of the most popular esports titles around the world. DOTA 2 offers plenty of tournament options and prize pools for players and viewers alike, including The International tournament that Valve Corporation hosts.
4) Overwatch
Overwatch is a team-based first-person shooter video game that was released in 2016. This esport has become very popular among esports fans, especially after introducing the Overwatch League at BlizzCon 2016. In addition, many players who aspire to become pro gamers have started focusing on this game due to its fast-paced nature and exciting gameplay.
5) Hearthstone
Hearthstone is a digital collectible card game developed by Blizzard Entertainment. This video game was initially released in 2014, and it quickly gained a lot of traction among esports bettors and players. Thanks to its huge prize pool and fun gameplay, the Hearthstone World Championship tournament is one of the most prestigious and popular events in this esport.
6) Halo
Halo is an iconic first-person shooter video game that’s often included among the most played esports games worldwide. The original version of the game was released back in 2001 for PC and Xbox platforms. Since then, many sequels to the game have been released, and Halo esports has grown thanks to huge tournaments like Halo World Championship exponentially.
7) Call of Duty
Call of Duty is another viral first-person shooter video game that’s among the most played esport titles worldwide. The original version was released in 2003 for PC and console platforms. Even though this game has been around for almost 15 years, it’s still one of the top choices among esports bettors who enjoy placing wagers on fast-paced 5v5 action.
Frequently Asked Questions
Is betting on Esports legal?
Yes, esports betting is legal in most countries around the world. Most esports bets don’t fall under the same regulations as other conventional types of gambling because there’s very little chance involved in these games. There are different laws and regulations regarding esports bets, so you should check your local laws before betting.
Can you make money betting on esports?
Yes, you can make money betting on esports in several different ways. The most popular way to make money betting on esports is to check out the odds for various matches and place bets on which team you think will win.
There is also skin gambling where you can wager your virtual items on the outcome of esports matches. If you’re new to esports betting, you should start with small bets until you get used to how everything works.
What is the best betting site for esports?
There is plenty of esports betting sites that allow you to place wagers on different matches. The best betting site for esports depends on your preferences, so you should always check out a few other sites first.
One of the most trusted and popular bookmakers that offer wagers on esports is Pinnacle Sports. This website allows you to place bets on all kinds of matches, including League of Legends, DOTA 2, CS: GO, and many more!
Last Thoughts
Now that you know how to bet on esports, don’t forget about the other things you should do before placing a wager.
Keep in mind which games are more popular and follow them closely. Also, make sure to read up on recent news related to your favorite esport teams or players so that if they win, then you can cash out quickly without any problems!
The most important thing is not letting yourself become overwhelmed with all of the information available take it one step at a time and enjoy what you’re doing.