Esports is a form of competitive sport played using video games. The first esports tournaments got held in the early 1990s, and the popularity of esports has grown steadily since then, and now players are betting on them. Today, there are esports leagues and tournaments worldwide, with millions of dollars in prize money up for grabs.
Betting on esports is a somewhat new phenomenon, and it is yet to be as well-established as betting on traditional sports such as football or basketball. However, the popularity of esports betting is snowballing, and more and more bookmakers are offering odds on esports competitions.
If you are betting on esports, this guide is for you. We will take you through everything you need to know about esports betting, from the different types of bets you can place to the best bookmakers for esports.
What is Esports?
Before we get into esports betting online, let’s first look at what esports is. Essentially, esports is competitive gaming. The word “esports” is short for “electronic sports,” referring to playing video games in a competitive environment.
Esports is a relatively new phenomenon but has snowballed in recent years. Professional esports leagues and tournaments are now worldwide, with millions of dollars in prize money up for grabs. Most professional esports players are in their 20s, but there are also many younger players.
The most popular Esport in the world is League of Legends. Other popular esports include Counter-Strike: Global Offensive (CS: GO), Dota 2, Overwatch, Rocket League, and Call of Duty.
How Does Esports Betting Work?
Esports betting works in the same way as betting on any other sport. You choose the market you want to bet on, then place a bet on the player or team you think will win. The odds will determine how much you stand to win from your bet.
For example, let’s say you want to bet on a League of Legends World Championship match. The odds might look something like this:
Team A: 2.00
Team B: 1.80
If you bet $100 on Team A to win, you would stand to win $200 if they are successful. If you bet $100 on Team B to win, you would stand to win $180.
You don’t have to bet $100. You can bet any amount, and you can also bet on multiple outcomes. For example, you could bet $50 on Team A to win and $50 on Team B to win. This is known as a double bet.
What are the Different Types of Esports Bets?
There are a few different bets you can place on esports. The most common types of bets are match-winner bets, tournament-winner bets, and first-blood bets.
Match-winner bets are the simplest type, and they involve placing a bet on the team or gamer you think will win a particular match.
Tournament winner bets are similar, but they involve placing a bet on the team or gamer you think will win an entire tournament.
First-blood bets are a bit different in esports betting online. In a first-blood bet, you are betting on which team or player will be the first to kill an opponent. This can be an excellent way to get started with esports betting, as it is relatively easy to predict which team will kill the first opponent.
What are Esports Odds?
Esports odds represent the probability of a particular outcome occurring, and they are typically expressed in the form of decimal odds. For example, if the odds of a specific team winning a match are 1.50, this means that for every $1 you bet, you will win $0.50 if the team wins.
The higher the odds, the less likely the case will occur, and vice versa.
How Do I Place a Bet on Esports?
Placing a bet on eSports is relatively simple. To use a dedicated eSports betting site, you must create an account and deposit some funds. Once you do this, you can browse the markets and select the bet you want to place.
Enter your bet amount and click on the ‘Place Bet’ button. If your bet is successful, you will receive your winnings in your account balance.
Esports betting is a relatively new phenomenon, but it is growing in popularity worldwide. To be successful, bettors must carefully consider factors such as teams’ form, map records, and player statistics. If you are betting on esports, this guide is for you.
We have taken you through everything you need to know about esports betting, from the different types of bets you can place to the best bookmakers for esports.