If you’re looking for a new market to bet on, you should definitely consider eSports betting. With several tournaments that feature different genres of games held all over the globe; it doesn’t matter if you’re familiar or completely new with the eSports community. There are profits to be made. While it might not be as popular as other mainstream sports, the industry is growing – and it’s snowballing.
Although relatively new to the world of betting, gambling eSports has become immensely popular over the past few years. In fact, the betting market for eSports is expected to be worth a lot more than the actual industry itself. It’s estimated worth in this year is around $8. And by the year 2022, it will be worth double that amount. Despite it mostly going ignored by mainstream betting enthusiasts, there is a lot of money to be made by betting on video game competition, and here’s how.
1. Find a competition
Several eSports competitions are held at both national and international levels all year round in different parts of the world. Some of them attract thousands of participants, who compete in either individually or in teams in both professional and amateur level clashes.
While some competitions such as ‘League of Legends World Championship’ or ‘The Overwatch League’ are dedicated at finding the best of the best at one particular video game, other events such as ‘DreamHack’ feature a number of them.
Our advice is that you pick a game and specialize in it. It’s best if you stick one you’re familiar with, and make sure you some research on the competitors before you bet. Do a deep dive into all the team members and the purpose they serve, and how they stack up against their counterparts.
2. Familiarize yourself with eSports betting markets
Regarding betting markets in eSports, you might be surprised to know that they are similar to the ones you find in other popular forms of sports betting. Money line betting is prevalent, where the punter has to pick the winning side. Handicap betting is also common. You can also bet on totals – total kills, total rounds, and so on.
Proposition bets are good fun if you’re a fellow gamer. You will have to place a bet on either sides that would complete a particular task; whichever team to be the first blood in LoL or even with the highest kills, the team would be the first to complete a map in CS: GO.
3. Skin Betting
The one form of betting that is entirely unique to eSports is skin gambling. Skins, concerning games like CS: GO or DOTA 2, change the appearance of one’s weapon. Skins can be awarded, bought, sold or traded, and are worth real money. Depending on its rarity, some skins can be incredibly expensive. This is why they’re often staked while gambling. A punter can bet their skins on a particular outcome, and if they win, they get their skins back, along with the loser’s skins. This form of betting has lost popularity since 2016.
4. Sign up with multiple sport bookies
When compared to other sports, eSports betting isn’t as popular among the bookies. But by signing up with multiple sport bookies, you can take advantage of the difference in odds as well as price variations to make larger, steady profits.