E-sports has become incredibly popular in recent years, and there are no signs of it slowing down any time soon. Instead, E-sport competitions draw in thousands of spectators in jam-packed arenas thanks to the backing of millions of fans and investors with deep pockets.
The Expansion of E-Sports
Tournaments, but more crucially, the atmosphere in which professional gamers can thrive, demonstrate the visible expansion of e-Sports.
Most experienced players can now earn a decent wage from their respective organizations and sponsors every month. Some professional teams stay together in team houses, travel to compete on sponsored trips, and have athlete visas authorized, among other things.
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These features are standard in traditional sports, but they were previously unheard of in e-Sports. It supports the E-sports industry’s exponential growth and indicates plenty of room for expansion ahead, as there are still many venues to be discovered.
E-Sports is a fast-coming industry because millions of people support their favorite games. Gamers worldwide are more connected than ever before, thanks to platforms like Twitch, where they can share in the thrill of watching the pros compete for large rewards or follow an instructive stream to improve their gaming.
Popular E-sports include CSGO, DOTA2, League of Legends, Overwatch, FIFA, PUBG, Apex Legends, Call of Duty, and Fortnite. You can bet on them the same way you bet on sports like soccer, hockey, and rugby.
With all that said, here’s a deep dive into the new world of E-sports betting.
Types of E-sport Betting:
E-sports give people the opportunity to bet on a variety of things.
Item and Skin bets
This type of betting is popular with a few games with gameplay mechanics supporting that form of betting. Some video games have all sorts of skins for various weaponry. These skins are purely cosmetic in gameplays and can serve as currency on certain betting websites.
Real Money Betting
This type is self-explanatory. E-sporting is increasingly available at mainstream sportsbooks for betting. A few years ago, there was barely any e-Sports match to bet on, but today, tournaments of the most popular e-Sports get coverage, and most games feature more than a few betting markets. e-Sports is miles away from becoming on par with traditional sports, at least in terms of betting, but things are heading in the right direction. But, as the scene matures furthermore, it will stabilize and offer a more significant incentive for bookmakers to expand their e-Sports coverage.
It is common in the e-Sports community, where friends or virtual contacts place wagers on the outcome of events. These wagers can be for real money, but they tend to be for skins or other game items. The terms are agreed on between the involved parties and settled accordingly. Betting online comes with risks, so it’s not advisable to involve in social betting to avoid rip-offs.
Gamers compete amongst themselves for real money or items and skins. Many gamers organize wagers among themselves and then settle up once their contest is over. Some websites manage things a little more formally where the players or teams pay entry fees to enter a competition, and the winner(s) get rewarded from the proceeds of those fees.
Although some might be more suitable for you than others, these different options are all worth exploring. Real money e-Sports betting represents the best chance of making regular and consistent profits for most people. So, we’ve made it the main focus of this guide for that exact reason.
Tips for E-Sports Betting
E-Sports matches are generally limited to a dozen betting markets at most sportsbooks. Exceptions do apply. In Counter-Strike, or League of Legends, you can bet on various unique things to that game itself – first barracks, first blood, first Roshan/Baron, the first knife kill – but these types of bets are not always available. Below, you will find the most common betting types available on e-Sports matches.
Get Familiar with E-Sports Terminology
Beginners should also get accustomed to terminologies and markets like Moneyline Bet, Handicap, Over/Under, Map X Winner.
Understand the E-Sports You’re Betting On
A new video game is introduced into the e-Sports market annually, which tends to tempt many people into placing bets.
It is recommended that you hold back and stick with the games you can vouch for with a working knowledge. It pays well to know the strengths of the competing teams, just like you would bet on your favorite basketball team. Having past expertise of your teams gives you a better chance of finding value in the betting odds.
Many e-Sports teams rely heavily on the strength of a single star player and knowing how their performance capability is essential. For example, knowing when the player is in a good swing might help land a winning bet, and knowing if they’re in a bad mood might prevent a loss.
Make Simple Bets
For a beginner in e-Sports betting, simple premature e-Sports bets do not hurt. Once confidence is built, you can look into live betting. Having an expert read how a game will play off once it starts can also yield better odds than pre-match betting.
Some e-Sports websites offer a helping hand to grow your betting career by offering welcome bonuses and promotions. Check the terms and conditions carefully to find bonuses and how to use them to boost your profits.
Specialize in One Game
However, to thrive in the e-Sports betting scene, you must specialize. Choose a game you have deep knowledge in (or one you can develop insight for), and make your bets. You might even have better insight into the games than the bookmakers, giving you ha hefty advantage.
The difference in format can significantly affect the match’s outcome, which is why you must take this into significant consideration when making bets. Even if we’re talking about a considerably weaker team playing one of the best teams in the world, an upset is more likely to happen in e-Sports than in regular sports.
For example, a favorite can be easily caught off guard by a cheese strat. They may lapse in concentration and get outplayed, or even not take the match seriously for one reason or another.
Choose Your Bets Carefully
There are plenty of e-Sports matches played every day, but that doesn’t mean you should make bets every day. Everyone wants to make gains fast, but the key to a successful betting strategy is knowing when to bet, besides what to bet. If you’re unable to find a fair bet for the day, it’s advisable to hold off until such an opportunity appears. You’d be better off waiting patiently for a good chance rather than taking a risk on a match you’re having doubts about. Keeping your long-term success in mind will be a much more successful bettor.
Find a Good Bookmaker
If you’re dealing with a shady bookmaker, all your strategies and value bets get thrown in the water.
Therefore, it is imperative to select a reputable sportsbook that takes excellent care of its customers and offers good tournament coverage and quick payment options. Some sites are genuinely top quality, but some are way lower quality. You shouldn’t even trust some websites with your money, so you mustn’t just sign up at any random e-Sports betting site. Instead, you need to make sure that you use top-quality ones that are trustworthy.
Be Careful with Your Money
As with any other form of gambling, you should never play with money you can’t afford to lose. Winning is exhilarating, and a good streak might boost your confidence. But you should not let that carry you away. You should adopt a betting strategy that only uses your money in relatively small units. It’s very easy to fall into the rabbit hole of chasing your losses by spending more money.
This is known as the fallacy of sunken costs. This is when you believe you have already spent enough money and time on something, so you keep spending exponentially more to recover it. The doom of every gambler. You should understand that losing money is part of betting, so take your losses in stride.
E-Sports Restrictions Could Ease Up Soon
While gamers in many European nations, like the United Kingdom, will gamble on e-Sports during a safe and secure setting, US gamers have long been frustrated by some restrictive rules. For example, “Is e-Sports betting legal within the United States jurisdiction?” is not an issue with an easy answer, since some states permit it whereas others forbid it.
Betting on video games is particularly laden with legal problems because e-Sports is equated to regular sports by lots of fans. Regardless, it appears like things may be about to change. For example, the Supreme Court of the United States just repealed a federal law prohibiting sports betting, we may see some legal e-Sports betting sites in the United States.