Known for being competitive and action-packed, Esports takes the excitement and thrill of physical sports into the digital space. The ease and convenience of eSports have given rise to its increasing popularity and the abundance of eSports betting sites offering sports tournaments with millions of dollars on the line.
Esports betting is certainly the new kid on the block, and for beginners, it might be confusing. Is eSport betting any different from traditional sports betting? How does it work? This article gives a perfect overview of what eSports betting is all about.
What is Esport and Esport Betting?
Esports is any recreational game that can be played online and by multiple players. There are several popular eSports games bettors wager on, such as MOBA (Multiplayer Online Battle Arenas), League of Legends, DOTA 2, Smite, Overwatch, Rocket League, Fortnite, First Person Shooter (FPS) games like Counter-Strike: Global Offensive, Sports simulations such as FIFA, combat games such as Street Fighter and strategy games like StarCraft.
Esport betting, simply put, is wagering on the numerous export tournaments available. There are many differences between traditional sports betting and eSports betting. Bettors place wagers on the various events and matches. Since the eSports industry is still relatively new, there are different tournaments and events. There are also different leagues bettors can bet on.
How to bet on eSports
Export betting is not very different from sports betting. For online export betting, a basic understanding of the betting market is what you need.
There are also different types of export betting. However, the most common type is Head-to-Head, which is simply betting on a player or team to either win or lose a match.
As in sports betting, the odds are important. An odd denotes the probability or possibility of an outcome occurring, which could be a team or player winning or losing a match. Bookmakers represent their odds in different formats, and the format displayed to you depends on your location or that of the betting site. Some of the formats used to represent odds are decimals, Moneyline, also known as American, and fractions.
How to place an eSport bet
Placing a bet is quite easy, but for beginners, a step-by-step guide is necessary.
Step One: Decide on an eSports Betting Site.
The first step to export betting is choosing a standard eSports betting site. Esports betting is relatively new and is largely unregulated, which makes bettors more susceptible to fraudulent and unsafe betting sites. This is why it is highly recommended that bettors take their time in choosing a betting site.
An ideal betting site should offer the majority of all eSports tournaments and matches and competitive odds coupled with full information on the eSports market.
Before opting for a site, ensure there are sign-up betting offers available. This helps you, especially if you are new to eSports betting, get a feel of the site, test it out and if you notice any irregularity, leave as fast as possible.
Also, a betting site with live betting and live streaming options is recommended.
Step Two: Create a Betting Account
After settling on your preferred betting site, the next will be to create an eSports betting account to be able to access all the site has to offer. To do this, you will need to fill out a registration form by providing some basic personal information like your name, age, address etc. You may also have to link your email address to your account to verify your account.
Step Three: Choose your preferred payment method and make a deposit
For seamless transactions, it’s necessary to select a payment method that works best for you. Most bookies list all their accepted payment methods in the cashier section. Simply browse through the section to choose the payment method that works best for you.
Some of the common payment methods listed by sportsbooks include VISA, Neteller, PayPal, MasterCard, and Skrill. Some bookies also accept cryptocurrency, coins and tokens.
After selecting your preferred payment method, proceed to make a deposit on your account. Be sure to take note of the minimum deposit mandated by the betting site.
Step Four: Place a Bet
The final step is placing a bet on a player or team. However, before placing a bet, it is important to select a market and properly research the eSports event you are wagering on. This helps in making an objective and informed bet.
Esports betting isn’t all that different from sports betting, and most of the strategies that work for sports betting work for eSports betting as well.