eSports Betting: A Guide to Gaming Wagers

eSports betting

eSports betting has experienced a surge in popularity in recent years, with an increasing number of online casinos offering it and punters choosing to wager on the outcomes of multiplayer games like DOTA2 and Counter Strike: GO. But what exactly are eSports, and why have they become so popular?

eSports are competitive multiplayer games that can be played by more than one person. There are many different types of games that are considered eSports, including MOBAs like DOTA2, League of Legends, and Smite, first-person shooters like Counter Strike: Global Offensive, sports simulations like FIFA, and strategy games like Starcraft 2. Players can compete alone or in teams, with team vs team games like Overwatch and Apex Legends being particularly popular.

The current eSports craze evolved from multiplayer gaming, which has been part of video gaming since the very beginning. With the advent of high-speed broadband internet, multiplayer games became more popular as players no longer had to be physically close to compete with one another. Watching streams of competitions on platforms like Twitch also became popular, and as the games grew in popularity, so did the number of people who played them really well. This led to the professionalization of what we now call eSports.

Today, eSports are popularized by Twitch streamers, many of whom have followings in the millions. Many countries in the world now have eSports associations too, further cementing the increasingly mainstream position of these virtual competitions. The market size of the eSports industry was over $1 billion in 2021 and is expected to increase to $1.6 billion by 2024, according to the statistics and markets portal Statista.

Online sportsbook sites have been increasingly getting in on the trend by offering punters the opportunity to take on action based on the outcomes of digital matches in many of the various eSports games. This has led to the rise of eSports betting, which has become a multimillion dollar business, attracting sponsorships and investments from some of the biggest names in the gaming and IT-industry sphere.

In conclusion, eSports betting is a rapidly growing trend that has taken the world by storm. With the popularity of multiplayer games and the professionalization of eSports, it’s no wonder that more and more punters are choosing to wager on the outcomes of these virtual competitions. Whether you’re a seasoned gamer or a newcomer to the world of eSports, there’s never been a better time to get in on the action.

Understanding eSports Betting

eSports betting is similar to traditional sports betting, with a few differences. The eSports sportsbook market is newer and less developed, so it’s important to compare different sportsbook options to see what’s available. Some complex types of bets found in traditional sports betting may not be available in eSports betting. However, the experience of betting on eSports at any reputable and regulated online bookmaker’s website will be the same as when wagering on traditional sports.

There are various types of eSports events, such as tournaments and leagues. Tournaments involve several teams or individuals competing through stages, with the most common format being group stage to knockout/playoff, then to the grand finale. In the group stage, teams compete in more than one game, often using a best out of two or three system. Leagues, on the other hand, offer a sustained eSports betting experience and are usually operated by third parties who monetize the streaming rights to the matches.

Some well-known leagues to follow are the ESL Pro League for CS:GO and the Spanish Superliga for League of Legends. Other leagues include the eGames, Electronic Sports League, and various worldwide competitions for games like Rocket League, SMITE, Tekken, and World of Tanks. Matches can be watched for free on various streaming platforms, making eSports more accessible than traditional sports.

Tips for eSports Betting

If you’re new to eSports betting, it’s best to focus on games you’re familiar with and to follow teams and players. You should also be mindful of the event format and check how the community is betting. When it comes to deposit methods, you can expect to be able to use debit cards and a whole selection of e-wallets. Cryptocurrency is also accepted at many online betting venues.

Some of the best eSports betting sites include LeonBet, BetDukes, Play Fast Casino, Royal Panda, and 22 Bet. These sites offer a good selection of bonuses, many bet types, and loyalty programs. They also accept cryptocurrencies, making them a great option for crypto-gamblers.

In conclusion, eSports betting is a growing industry with many different betting options available. By following these tips and choosing a reputable betting site, you can make the most out of your wagering experience.

Common eSports Betting Questions

If you’re interested in eSports betting, you may have a few questions about the legality and safety of it. Here are some answers to common questions:

Is eSports betting legal?

In most cases, yes. If traditional sports betting is legal in your area, then eSports betting is likely legal as well. However, it’s important to note that this is only for cash betting at regulated sites. Skin gambling is unregulated in most places.

Can I bet on eSports events at a local sportsbook?

While it’s possible to bet on eSports events at physical betting shops in some countries, it’s generally best to wager online at regulated sportsbook sites. This provides the most security and confidence.

How do I choose the best eSports betting site?

When selecting a site to place your bets, there are several factors to consider. Look at what deposit and withdrawal methods are accepted, what bonuses are available, and what games are offered. Our top online sportsbook site reviews can help you find the answers to these questions.

In conclusion, eSports betting is generally legal and safe as long as you use regulated sites for cash betting. Look for sites that accept your preferred payment methods, offer bonuses for eSports wagers, and have a good selection of games.