Bets on electronic sports are more fashionable than ever. Every day more and more bookmakers offer eSports Betting options within their catalog, which is not surprising if we take into account that this sport has already become quite popular and many people have embraced it wholeheartedly.
According to some estimates, around 400 million viewers around the world are watching eSports events today, albeit occasionally, and the trend is clearly growing. It is estimated that this figure could rise to 550 million by the end of 2021. Based on that, it is easy to understand why eSports betting has been in great demand in recent years.
Most countries are slowly awakening to this trend. Internationally, major eSports competitions include the League of Legends World Championship, DreamHack, ESL Pro League or Call of Duty WLC. Let’s find out a little more about the magical world of eSports.
Some Fascinating Facts About eSports
The Secret Origins of eSports
Esports started with the rise of the internet in the 90s, with the Netrek game being considered by many to be the pioneer of online video games. Since then, eSports have been gaining popularity and have become ubiquitous with modern day gaming culture:
- The eSports industry, according to estimates, generates annual revenues of 900 million dollars globally.
- Numerous media outlets broadcast events and provide informative coverage to eSports, thus meeting the demand of the legion of fans who follow them.
- Major commercial brands are financing and sponsoring competitions, as well as teams and players that are becoming professional.
- There is a large mass of amateurs and professionals that make up the sector and are making it grow: every day more players participate in the various championships and competitions, as well as a greater number of followers increasingly demanding products to bet on eSports.
What is the eSports audience like?
Young esports fans and gamers like Gen Z and Millennials feel that casinos are not for the long haul. They believe that esports betting for casinos and game providers is not worth a long-term commitment. On the other hand, virtual games are taking over and leaving traditional casino gambling behind. The competitions attract the public with remote and face-to-face tournaments and championships.
This is perfectly represented by the first League of Legends adventure. In time, it even took place on the Eiffel Tower in Paris. This event alone drew more than 100 million viewers online, which is more than the normal capacity of the Super Bowl. Millennials are willing to admit that they prefer a virtual competition to a traditional gaming event. The good news for online gambling is that more and more platforms are taking over and offering video games with good odds.
What are some of the important things to keep in mind with eSports betting?
Once you have verified the validity of the bookmaker and the variety of games and sports, the next step is to familiarize yourself with the betting and the odds. It is recommended that you read their terms and conditions, as the country and region you play in has its own peculiarities. Here you have wagering requirements and very often time restrictions. It is essential to know how much you can withdraw and what is the time window allowed by the online casino.
Another crucial aspect is the margin charged for the service, that is, the fees. Generally, gambling sites charge hidden fees of 3 to 8%. Knowing the exact amount is very important, which will help you build your betting strategy. Those of you who play high stakes, should choose a website with low margins and good odds.
Where can I find an eSports stadium?
Over time, the US gambling market has been one of the first to recognize the lucrative nature of online sports betting. The HyperX Esports Arena Las Vegas in Luxor is one of the most famous venues for video game competitions in the world. The UK is another top destination with the Copper Box Arena in London. Seattle’s Key Arena is the best Dota 2 stadium in the world, where teams from around the world compete for mega prizes.
Facilities for eSports events are being built in more and more places around the world. Franchise companies and streaming providers make millions a year just by inviting professional gamers to perform. It is much more than the money they can win at online casinos. Here is a list of some of the most famous esports stadiums in the world:
- Chongqing Zhongxian e-sports stadium in southwest China
- Staples Center in Los Angeles, USA
- Zenith in Paris, France
- The Mercedes Benz Arena in Berlin, Germany
- Esports Arena in Orange County, USA
- HyperX Esports Arena in Los Angeles, USA
- Esports Stadium in Arlington, USA
- Spodek Arena in Katowice, Poland
- The Malmö Arena in Malmö, Sweden
- Lanxess Arena in Leipzig, germany
What are some of the most common game formats in eSports?
As mentioned above, esports represent a category of electronic video game sports where individuals and teams compete in one-on-one matches, as well as team tournaments. Here are the most common game formats that players can participate in:
- Fighting/Combat: Usually involves two players engaging their virtual characters in some kind of hand to hand combat with weapons or without.
- RTS- Real Time Strategy: the contending teams play all at once pursuing an objective continuously without game turns.
- Multiplayer Online Battle Arena – MOBA: all players have their characters, and work together to destroy the buildings of the rival team and its members.
- Sports: football, motorsports or basketball.
- FPS – First Person Shooter – each player has a character who fights with a pistol or another weapon to annihilate his/her enemies.
Online bookmakers offer a large number of bets that can be placed anywhere. These bets can include which player will score the first points and how many rounds the match will last. Along with all this, bettors can place combination bets including which person will finish first, second or third in the tournament, as well as which team will win in the various categories. Many websites offer the ability to bet on your favorite team or on the outcome of a match. But making money watching video games can be tricky. To help you do that, we have some great tips for you
How to be successful at eSports betting?
Set a goal
Whether you want to get rich off esports or just want to have fun gambling on your favorite games, there are many reasons to start betting on esports. Setting goals will help you stay focused and motivated. Your goals don’t necessarily have to be financial, but if they are, don’t set the bar too high at first.
Rome wasn’t built in a day, and neither was your fortune (unless you’re incredibly lucky). It is perfectly normal to lose some bets. Even the most successful bettors lose their bets from time to time. Learning all the sports betting variables takes time and practice. Start slowly and build your betting empire step by step.
Stick to a budget
While esports betting can be very lucrative, it’s easy to end up spending more than you planned. Setting a budget helps you deal with the value of each bet and avoid bankruptcy due to a series of unfortunate bets.
Select your favourite game to bet on
The esports scene is thriving and many games are now available on betting websites. The easiest way to start betting on esports is to focus on a single game, before finally betting on multiple games. Pick a game that you are comfortable with, know your scene and your players. It’s easier to start with a game you know, so you already have a general idea of the goals and stakes for each tournament.
Get to know the players
The more you know about a player, the better you can predict their performance. Most professional gamers stream their games. Get on a stream and see why this player would outperform his opponent in the next game, or why not. Understanding your bets is an important step to being successful.
Be mindful of the human element
Unlike the lottery, esports are not random. The best player could have a bad day and underperform, while a loser could rise to the top. A player’s health, as well as their overall team and motivation, can make or break games. Remember to always check how your favorite player is doing before betting.
Bet on multiple matches
Don’t bet all your money on just one player or game. You never know what could happen, and the World Champion could lose to an unknown player. If you are on a fixed budget, try breaking it down into smaller chunks that you can spend on different players or outcomes. This way, even if one of your bets is not a hit, another is likely to.
So that was a quick look at the rise of eSports and how they have become an integral part of the sports betting world. If you are a fan of eSports and sports betting in general, the time has come for you to try your hand at it. All the best!