Esports betting guide
Video games have been around for quite some time now. With their ever-growing popularity, we are seeing a large number of markets with great cash grabbing opportunities arising. The figure of online bookies that support esports has tremendously increased over the years. As for the future, things can only go upwards from here. Esports betting brought a new dimension to a very old industry. With it, the punters have gotten new options and possibilities to seize.
There are certain things that you have to be familiar with before engaging in esports betting. It is crucial to understand the basic concepts of betting as well as how the popular video game titles actually work. Fear not, your Betting Fellow is here to help you and give you the necessary knowledge.
Esports represents any sort of virtual entertainment where professional gamers or players compete for titles and money. The various genres in esports games involve shooting, fighting and real-time strategy against other competitors. The vast majority of these tournaments and events are being broadcasted online with millions of people watching them. It is not a rare sight that a tournament fills even the biggest stadiums in the world, as the teams compete for millions of dollars in prizes.
Essentially, esports betting is not that different from regular betting. You have your teams and players which battle for the title, therefore, providing you with a number of possibilities to bet on. The only thing that varies is the final goal or what actually counts as a win.
- The Most Popular eSports for Betting
- How to Bet on eSports?
- Is Betting on eSports Legal?
- The Best eSports Betting Sites
- Esports Betting with Skins
- eSports Betting with Bitcoin
- eSports Betting with Real Money
- eSports Betting with PayPal
- League of Legends Betting
- Dota 2 Betting
- CS: GO Betting
- eSports Live Betting
- eSports Live Streaming
The Most Popular eSports for Betting
Esports betting has seen great growth in recent years, with it now finally taking a full swing. It all originates from the popular online video games such as Counter-Strike and Dota. In the early 2010s, a new game called League of Legends entered the scene and overrun the competition, thus further popularising esports and esports betting. The best thing about it, the offer just keeps getting bigger and bigger. Players from professional gaming organizations have become the superstars of today. In fact, more kids know about them than about conventional football or NBA players.
The first step in learning how to bet on esports is actually deciding what you want to bet on and what interests you. There is a wide spectrum of genres out there and finding the one you like shouldn’t be a problem. The biggest online bookies offer a variety of choices. They include everything from MOBA, FPS, to virtual sports games. League of Legends, DOTA 2, Counter-Strike: GO, Overwatch, you name it, they have it.
How to Bet on eSports?
If you have ever wagered on anything in your life, esports betting will come as a breeze, as you are basically doing the same thing. All that you need to do is find a bookie, deposit money and finally place your wagers. Maybe the best thing about it is that you don’t actually have to bet with real money and that you have a great assortment of options. You can even use Bitcoin and virtual skins as funds for your wagers.
Is Betting on eSports Legal?
Just like with conventional betting, it depends on the country of your origin. Esports betting is legal or is at least tolerated in the majority of modern countries with the exception of the US. Certain sites allow people to bet using in-game items, but not with real money. There are a couple of ways to bypass these restrictions if you are from the US, but they can be controversial and are generally not recommended.
Best eSports Betting Sites
Truth be told, the esports betting industry is still relatively new and is not regulated in a lot of places. For that reason, it is crucial to find a reputable and safe betting operator that you can trust with your money and time. Once you’ve narrowed the selection, it comes down to the number of markets and finding the ones you like. The biggest online bookies rarely differ and offer a wide range of pre-match and live betting selections in their portfolios.
Last but not least, you need to make sure that you won’t have any legal issues should you engage in esports betting. As stated previously, in some parts of the world, activities of this kind are forbidden. Therefore, be sure to find the specifics about your country in order to avoid problems. Finding a platform that is legal and accessible in your region is needless to say, important. Payment options are also worth looking into, as some bookmakers may offer different alternatives for withdrawals and deposits. In order to help you out, we’ve singled out some of the best esports bookmakers:
Esports Betting with Skins
Esports were first recognised by the South Korean government at the start of the 21st century. It took some time for West to catch up. The initial tournaments were nowhere near the ones we see today and didn’t really offer that much money. With in-game skins and items being such a huge part of the game, people came to the idea of using them as betting currency. As this practice grew and started gaining traction, the big video game platforms started seeing it as an obstacle to making money. Things went so far, that Valve, the creator of Counter-Strike, filed lawsuits against several websites. All of the court cases so far ruled that there is nothing illegal in using skins as betting deposits. Therefore, you should not have any worries if you decide to go this route.
In order to start betting with skins, you need to acquire them first. This can be done either by playing the game or by buying skins with real money on some of the third-party websites. The most commonly used items are those from Counter-Strike: Global Offensive and Dota 2. There are lots of different esports betting sites online that support skin betting, but we advise sticking with the most reputable ones.
eSports Betting with Bitcoin
When Valve banned skins betting for a certain period, real-money was already being used to fund accounts. Those looking for different options and anonymity found a new way to fund their wagers. With the introduction of Bitcoin as a betting currency, things took a turn for the better. Instant transactions, small fees, what else could a punter ask for. Since Bitcoin and similar crypto-currencies don’t qualify as real money, in some cases, people were able to avoid their money being taxed as earned from betting. The principle is the same as for any other banking method and it is as easy as using a credit card.
eSports Betting with Real Money
Today we have a wide spectrum of choices when it comes to esports betting. However, things weren’t that great it the past. The biggest online bookmakers saw just how huge this market is and they were somewhat forced to introduce it into their offering. Nowadays, you can easily use real-money to place your esports wagers. Furthermore, the number of options has dramatically increased and is no longer as limited as before. Essentially, you could only bet on winners of the clash. Later, the over/under markets were introduced, and now you can even wager on the total number of rounds or maps that would be played before the winner is determined.
eSports Betting with PayPal
One of the biggest wins, that esports betting has achieved is the introduction of PayPal. The popular online payment service is notorious for being rigorous regarding betting. They only support trust-worthy and reliable serviced to be associated with them. Them giving esports a hall pass has somewhat made it an official thing that’s worth the attention. With the legal obstacles being a thing of past, the operators began to realise that esports betting is here to stay and judging by the rate of its growth, many predict it surpassing traditional markets in the near future.
League of Legends Betting
League of Legends is a free to play 5v5 MOBA game in which the teams compete until they destroyed the opponent’s Nexus. Nexus can be viewed as a golden goal in football. Whichever team gets it first, wins. Throughout the game, teams plan out tactics and execute strategies to take turrets to develop map control for easier Dragon and Baron control. Seizing the two objectives makes a team notably stronger for a certain time-period, therefore allowing them to make impactful plays.
The explosive growth of the game has certainly transferred into the esports betting world, where League of Legends is one of the dominant titles. It brings a lot of great, and most importantly frequent tournaments, all of which all covered and included by the most popular online bookmakers. League supports real-money and crypto-currencies as payment methods, however, skins are not a factor as the distribution of them is done by the game publisher. For that reason, LoL is the most popular title when it comes to cash betting.
Dota 2 Betting
Dota 2 is a game that normally gets headlines for the massive prize pools attached to its championship tournaments. This title is one of the key players in the world of esports betting and wagering. It is very similar to League of Legends, and those with knowledge of one will have no trouble understanding the other.
Dota 2 skin betting plays a vital role in the skin betting market, making up the second largest source of volume after CS: GO.
CS: GO Betting
One of the oldest and the most popular esports titles, Counter-Strike: Global Offensive (CS: GO) enjoys large popularity by any measure. CS: GO events have some of the most viewed Tournaments and biggest prize pools out there.
The main objective is to win the round by eliminating all the opponents or to successfully play a bomb for the Terrorist’s team. Every action is recorded and rightfully rewarded, thus making betting objectives very easy to track. It really is a straight-forward game and doesn’t require much knowledge in order to start betting.
The online bookies have a broad range of selections for CS: GO. You can wager on the winner of the affair, the number of rounds, overtime and much more. CS: GO is easily the largest esports title in terms of total betting activity and is known for great betting opportunities.
eSports Live Betting
One of the best things about esports betting is its live offer. Almost all of the online bookies have a rich live betting selection with great and lucrative betting odds. This, combined with numerous, free live streaming options make esports betting really easy and entertaining. Moreover, those of you with a real knowledge of the game can see things before they unfold, therefore, taking advantage of profitable betting odds that bookies have overseen.
eSports Live Streaming
To those unfamiliar with video games, esports may seem too abstract to understand. However, for people all around the world, it represents the primary source of entertainment. In 2018, the four biggest Western esports events generated over 190m viewers. Needless to say, esports live streaming is a big thing. It covers almost all of the major events and tournaments completely free of charge, thus providing great betting opportunities. There are a number of websites with this sole purpose and in doing so they make esports a whole lot easier.
For Europe and North America: