With the advent of Esports betting as an exciting new method to play online casino games, the world of online gambling is undergoing a seismic transformation as we enter 2024. Not only is this quickly changing industry changing the classic gaming experience, but it’s also reshaping what online casinos will look like in the future. Esports betting’s spectacular development has drawn attention from the online gaming community and drawn in a new generation of tech-savvy gamblers. Esports betting is expected to be the largest online gambling market by the end of this year, with a projected value of $24.75 billion. Esports titles are becoming more and more diverse, providing a wider selection of games for fans of sports betting. In this thrilling virtual world, there is a game for every player, including CS2, League of Legends, and FIFA. Esports betting is a testament to the enormous potential and exciting future of the online casino business as we venture into the next frontier of online gaming.
Definition – Esports And Esports Betting
Let’s clarify exactly what we mean by esports and esports betting first. Esports, to put it simply, are any competitive video games that are played between teams or individuals. This is obviously different from standard video gaming in that users now compete against other players rather than the machine.
Esports, which come in a variety of genres, have become incredibly popular in the last ten years. Millions of people watch live on platforms like Twitch, YouTube Gaming, Kick, or Facebook Gaming, where superstar teams and individual esports players compete in front of thousands of screaming fans.
Naturally, the competitive gaming component of esports has created a plethora of chances for esports betting, much like any other traditional sport!
Esports Betting Vs Sports Betting
Once you become acquainted to esports, betting on them will seem no different from traditional sports betting. This is because betting on esports events is identical to betting on horse racing, soccer, or basketball.
Thus, how can one place an esports bet and how can one win an esports bet? It is identical to placing and winning a conventional bet! Make sure the esports odds are appropriate for you by selecting the esports betting market of your choice. The primary advantage of Esports betting lies in its enhanced engagement levels, courtesy of social media, live streaming, active communities, comprehensive statistics and more offered by leading Esports bookmakers. All these elements collectively enrich the overall betting experience, making it truly phenomenal.
Esports Games & Tournaments To Bet On
Multiplayer Online Battle Arean (MOBA)
Fans of esports betting are undoubtedly big fans of battle arena games. Some of the largest esports worldwide include titles like League of Legends and Dota 2, and it’s easy to understand why these team-based games are ideal for some betting by viewing streaming of the championship finals of events like The International and the League of Legends World Championship. There is an endless variety of battle arena games available, with fantasy games like Warcraft and mythological ones like Smite being especially well-liked. Many individuals have won a respectable sum of money playing these games, even though some of the personalities and gameplay can take some getting accustomed to.
First Person Shooter (FPS)
You can count on a tonne of fantastic first-person shooters if you’re searching for some intense action. While Call of Duty and Halo have also achieved success in the esports arena, Counter-Strike: Global Offensive is without a doubt one of the most well-known games in this genre. The team-based gameplay of military conquest makes it a great fit for the betting world, despite the fact that betting on first-person shooters could seem strange. A short glance at the best CSGO matches from competitions like the Intel Extreme Masters demonstrates how much fun betting on first-person shooters can be. Therefore, there’s no limit to what kind of items you can make an esport wager on, be it a traditional combat game like Call of Duty or a new gaming hit like Overwatch.
Sports
The fact that a lot of people enjoy placing bets on esports teams and players in top-notch sports simulators shouldn’t come as a huge surprise. It should be easy to gamble on esports like FIFA if you’ve ever put a football wager. For instance, numerous betting websites have made an effort to make wagering on the FIFA eWorld Cup an as popular as the real thing ever since it debuted. You may still win some respectable money by placing bets on this fantastic sports simulator by utilising our professional esports betting guide. Other well-liked esports games in this genre are the anarchic vehicle-football game Rocket League and NBA 2K.
Other Games
Seemingly, a new game emerges every year with the potential to become the next big thing in esports. There’s always something fresh to wager on in esports, from the card game Hearthstone to PlayerUnknown’s Battlegrounds, a battle royale game. There is definitely something for everyone, whether you want to go big with a wager on a strategy game like StarCraft II or prefer to keep things simple with some Street Fighter V betting. In the realm of esports, collectible card video games like Hearthstone are becoming increasingly popular, so there should be no lack of opportunities to place a profitable wager.
Esports Tournaments
Some of the biggest sporting events in terms of attendance, viewership, and prize money take place in the esports sector. Furthermore, a top-notch esports betting site will offer you possibilities to wager on minor competitions and e-leagues all around the world in addition to providing comprehensive coverage of all the major tournaments.
The League of Legends World Championship has a massive viewership, with over 3,985,787 viewers witnessing an astounding 139,000,000 hours of competitive activity. Similar to this, millions of hours have been watched on events like the Intel Extreme Masters Katowice and the Fortnite World Cup. The International, the main tournament for Dota 2, is the clear leader in terms of prize money and betting interest, with a whopping $34.3 million in prize money awarded in 2019.
Suggestions For Esports Betting Sites
After selecting the esport you wish to wager on, you must locate the top esports betting site for each esport wager you desire. While some dedicated Esports betting platforms offer a range of pre-match and live betting odds for less mainstream games, other sites focus on offering odds for major tournaments in popular games like CS:GO, Dota 2, and League of Legends. Thus, make sure the website has sufficient coverage of your chosen game by doing some research on it.
Different Type Of Esports Betting Options
Real Money Betting
The most straightforward type of esports betting is real money betting, which is identical to conventional sports betting. All you have to do is select the esports event or tournament that piques your attention, pick your market and match, and put your wager.
Fantasy Betting
There are fantasy esports bets for your preferred esports, just as there are fantasy sports bets for numerous traditional sports. In the same way, you start by selecting your players and/or esports teams according to how well you think they will do. For their esports performance in games, you receive points or money, depending on whether they win a match or tournament or reach a preset objective. One of the pioneers and current top players in the area of fantasy sports betting is DraftKings.
- Betting On Streamers
Placing bets on certain gameplay aspects of esports players while they are streaming on Twitch or other streaming services is known as “betting on streamers.”
- Betting On Yourself
It sounds exactly like this: you may wager on your own performance in video games and win actual money by meeting predetermined goals in esports competitions.
- Item And Skin Betting
Using virtual money from a betting site is known as skin betting. This virtual money is typically obtained by downloading specific in-game products or character or game graphics. Certain skin betting websites are notoriously unlicensed and unregulated, therefore you should proceed with extreme caution when using them.
- Esports Pool Betting
All bets on a specific market are pooled together in pool betting, and the winnings (less any fees) are distributed to the winners.
- Social Betting And Challenge Betting
With social betting, you bet within a group on the outcomes of games. Similar to this, challenge betting involves just two participants—essentially, one challenges the other.
Match Winner Esports BetsThis type of esport wager is most likely the most prevalent one that can be found on a betting website. You can attempt to wager on the outcome of a specific esports match, ranging from League of Legends to Counter-Strike Global Offensive, in the same way that you would predict the outcome of a football match. If you think that this is too easy, you can try handicap betting, which can be used to disadvantage a clear favourite in order to benefit from better odds and make a larger profit.
Outright Esports Bets
You can place an outright bet on a team or individual to win a specific esports competition. You can accomplish this well in advance of the esports competition on the majority of respectable betting sites. Therefore, place your bets as soon as possible if you have a strong sense about who will win a competition like the DreamHack Masters.
System Esports Bets
You must place multiple esports bets while placing a system bet. It’s important to keep in mind that these bets might have very large rewards, but in order to receive your profits, all of your selections must win. Even while winning at this type of wager can need some luck, the payouts offered by online bookmakers ought to make it all worthwhile.
Esports-Specific Bets
There are many excellent wagers that are particular to certain esports. Thus, if you were betting on League of Legends, you might be able to guess which side would win the opening map, and if you were betting on Counter-Strike Global Offensive, you could try to guess which team would be the first to get ten kills. You may place odd bets on a lot of betting sites, such on which team will take down the first tower, dragon, inhibitor, and so forth. Furthermore, it demonstrates the variety of esports betting opportunities available by offering wagers on everything from the right score to the amount of time needed to finish a round.
Tips For Esports Betting
- There are a tonne of esports teams and competitors, so staying up to date on all the newest changes can be challenging. For this reason, when it comes to learning the most recent rumours and gossip about a forthcoming esports competition, it might occasionally be a smart idea to use a resource like Reddit. Even while the esports betting advice you get won’t always be 100% accurate, it’s still a useful way to get the most recent data and viewpoints regarding the top rivals.
- While it’s acceptable to wager on an esports match prior to its start, more and more gamblers are understanding that live betting is the way to go. You can adjust your betting strategy in response to the shifting odds of the in-play betting markets and experience the thrill of hitting a winning wager at the last minute by following the events as they happen on-screen on a streaming platform like Twitch.
- The bookies are always more interested in big esports events like DreamHack and The International. Furthermore, as gambling companies strive to offer a wider range of betting options, increased competition means that you will be in a better position to benefit from higher odds. Therefore, while betting on minor esports competitions is always a wise move, the bookies provide greater odds on major tournaments. Additionally, you’ll discover that there are more reliable esports betting recommendations as well as more betting markets for the major gaming tournaments.
Future Of Esports
Esports viewing, esports as a hobby, and the eSports betting market are all experiencing rapid growth. The popularity of esports gaming is skyrocketing, with its fan base growing from more than 170 million regular viewers and 222 million occasional viewers in 2018 to 220 million regular viewers and over 270 million occasional viewers in 2020. It has become one of the most loved hobbies globally. Similarly, the esports betting market is expanding each year. The market, which was worth $1 billion in 2019, is forecasted to double to $2 billion by 2022.
But the Covid-19 crisis in 2020 and 2021 dramatically increased the amount of people worldwide who were interested in esports and esports betting; according to the UK Gambling Commission, the esports business had an amazing 2992% year-over-year growth.
And as we move on, that will just get bigger and bigger. All types of esports will experience a rise in demand. Naturally, esports wagering will rise in tandem with this. With increasing numbers of players opting to wager on both esports and traditional sports, it is reasonable to predict that esports will eventually gain traction on par with more established sports. And the esports betting market is merely going to blow up as the tournaments get bigger and draw larger spectators than regular sports!
