eSports betting is becoming more popular every day. Gamers can now bet on the outcome of their favorite eSports events, which is an excellent way for gamers to make some extra cash by predicting the winners of these competitions. eSports, or electronic sports, is a rapidly growing industry. What started as small-time competitions between friends has become a multi-billion dollar industry with players from around the world competing for massive prize pools. With such a tremendous growth rate in recent years, it’s no surprise that many companies are investing heavily in eSports betting. Casinos are ensuring they have ample eSports lines available for all their customers.
Overview of eSports Betting
Betting on eSports is a growing phenomenon, with millions worldwide placing bets on professional gaming competitions. If you’re new to eSports betting, here’s an overview of what it is and how it works.
In this article, we will take a look at the following:
- What eSports betting is (and what it isn’t).
- The different types of eSports wagers available to you as a bettor.
- How odds are determined for each match or tournament.
- How to place your bets on eSports matches.
- Why do people bet on this particular sport over all others in the first place—and how can they do so safely and legally?
A Brief History of eSports
If you’re new to eSports and betting, it’s essential to know that this is a form of competitive video gaming. In the 1970s, players competed in Pong and Space Invaders. Still, it became popular in the 1990s when video games were evolving from arcades into home consoles. As technology advanced and gaming became more common, eSports grew in popularity throughout Asia and Europe before becoming a global phenomenon. Nowadays, eSports are played on many different platforms, including PC games like League of Legends or Fortnite; console titles such as Call of Duty; mobile apps like Hearthstone; and even arcade cabinets like Pac-Man Championship Edition 2+!
The growth has been so rapid that it has now become a multi-million dollar industry. Look at how much prize money was won by top players during 2018’s biggest tournaments:
- League Of Legends World Championship (1 million USD)
- DOTA 2 International 2019 (25 million USD)
- PUBG Global Championship 2019 (20 million USD)
Thousands of fans attend these tournaments, who cheer on their favorite teams while placing bets on their performance using sites like Bet365. This trend has seen its popularity increase exponentially over recent years due to how accessible it is via internet streaming services such as TwitchTV. It provides viewers an easy way to watch competitions live through various platforms, including Apple TV/Roku/Xbox One consoles!
Popular eSports Titles
You’ve probably heard of eSports before, but you might need to learn what it is and how to bet on them.
- League of Legends
- Dota 2
- Counter-Strike: Global Offensive (CSGO)
By 2020, this industry is expected to generate as much revenue as the NFL and NBA combined. And if you’re looking for a new way to make money off your sports gambling knowledge, then eSports betting may be right up your alley! Plenty of games cater specifically to players who enjoy watching professional gamers compete on Twitch or other live-streaming platforms. These include:
eSports Betting Lines and Types
- Puck line
How to Bet on eSports at Online Sportsbooks
- Selecting a sportsbook
- Registering with the sportsbook
- Depositing money into your account
- Placing bets
- Withdrawing winnings
Top 5 Things to Consider When Placing Your First Bets
It’s easy to get caught up in the excitement of placing your first bet and forget a few vital things. Here are five tips that’ll help you maximize your chances of winning:
- Know how to read odds
- Know the difference between money line, spread, and total bets
- Learn how to read betting lines
- Know about props and futures bets (and what types of sports they’re offered)
- Know about live betting and in-play betting
We hope you liked this essay as much as we did writing it. If you learned something today, that makes us happy! Remember to keep up with our blog for more great content on eSports and other sports.