What Is Esports Betting?
In a nutshell, esports betting is when you put money on professional video game sports. These are such popular games as Counter-Strike: Global Offensive (CS:GO), Dota 2 and League of Legends. Being a supporter, you can bet just the same way as in the case of usual football or tennis matches’ outcome.
Basic markets like outright winner and match winner started being provided by betting sites on the world’s largest esports events. A growing demand saw the introduction of eSports odds for more markets, more events being covered and the industry is still growing.
Esports platforms have risen in the status of and have been popular for many years, and it is now a serious business. A player can play alone or join teams like Team Vitality and Hangzhou Spark. These teams usually get sponsorships and are sometimes subjected to arduous training schedules. Training may involve grueling gaming hours on average of around eight per day, as well as stipulated dietary concerns and exercise routines.
Competitive players demonstrated their skills in about 700 contests worldwide during 2010. Currently, this number is in thousands as we have professional gamers participating in virtual and offline esports events daily. It is estimated that by 2024, the global audience for esports will be approximately 519 million people according to industry experts which will certainly trigger more tournaments and ever higher prize pools.
A Beginner’s Guide to Esports Betting Odds
Indeed, while esports has had a few years to get its feet under the table, there are many gamers that shy away from placing wagers on them because their betting odds elude their understanding. The world-wide popularity of esports may lead to unfamiliar odds formats.
Esports betting sites in the UK use fractional as default odds format, while decimal odds are popular in Europe and American odds are standard in the US. Here’s a quick breakdown of how fractional, decimal, and American odds work:
-
Fractional – The first number in fractional odds is how much you stand to win when betting on the second number. For example, if you place a winning bet of £15 on Newbee to beat Fnatic at 7/2, you win £67.50 (your £15 stake + £52.50 profit).
-
Decimal – With decimal odds, the number you see is how much you’ll win if you bet one unit of currency. For instance, if you successfully bet €10 on Team Liquid to beat Evil Geniuses at 1.40, you win €14 (your €10 stake + €4 profit).
-
American – Also known as moneyline odds, American odds contain a positive or negative number. Positive numbers are for underdogs, and negative numbers are for favourites. If it’s a positive number, you need to bet 100 units of currency to win that amount. If it’s negative, you must bet that number to win 100 units of currency. For example, Team Liquid (-500) face FaZe Clan (+300). You would need to bet $500 on Team Liquid to make $100 profit. If you successfully bet $100 on FaZe Clan, you’d make $300 profit.
Esports Betting Tips to Help You Profit
So by now, you should have a good idea of the types of games and e-sports markets that are available to you. But how can you maximize your chances of becoming a winning player? Here are four advice for increasing your gains from betting on your beloved esport sport:
Claim Esports Bonuses
Upon signing up, novices are eligible to benefit from a welcome package that involves complimentary stakes and deposit rewards. When individuals join gambling websites that focus only on esports as mentioned above, they gain privileges in terms of promotions for using them when betting on electronic games other than sporting events. Look at the most current bookmakers in order to see if they are esport friendly.
Master the Meta
Learning the meta of any esport game you want to place a bet is key to staying on top of the game. This means understanding how to play the best, including character selection, strategy and specific team dynamics. You must keep reading news and articles daily so that you are always aware of the latest meta before clicking odds and adding a selection to your bet slip.
Tune in to Twitch
If you are interested in learning about esports betting, Twitch is a great platform. Here, one can view all the popular streamers providing live and unedited videos where they sometimes chat with their supporters. This will give you unbeatable insight and it may be ideal for watching ongoing contests and events – keep an eye on in-play esports markets to take advantage of a swing in momentum.
Research on Reddit
Reddit is also an excellent source of information, with separate pages for each game. There can be millions of members in a single subreddit for CS: GO esports games. This place has lots of good advice on betting in esports. However, note that Reddit is an open platform and anyone can contribute; so trust only verified users.
Bet on the Latest Esports Events
Since you are now well-versed in online poker, it is high time you set up an account with our top-ranked bookmaker and place bets on your favorite pro gamers.
Can you bet on esports? This is valid if you live in a country that allows it and if you are old enough to do so. In the UK, for example, the minimum age for betting legally on games like League of Legends, Dota 2, FIFA etc is 18 years.
Which is the best esports betting site? The best esports betting site should have a broad selection of games like LoL, CS: GO and PUBG, great welcome bonuses and highly competitive odds. We also anticipate a wide range of betting options such as bet types on more than just who will win the game or match.
Is there any similarity between esports betting and conventional staking? Traditional betting and esports betting are very much alike. They both utilize the same odds, offer similar bonuses, and many bookies allow you to bet on both. However, there are certain differences in esports betting because it has its own games and markets for betting purposes.
Q.Is esports betting fixed? B.One might notice that a lot of sports, including digital ones such as esports, are always accused of being rigged. Esports is not fixed; it is a real business organization. In order to enforce this, there are limits on bets. This means that it is impossible for officials to control results using significant amounts of money.