What is eSports Betting?
All you need to know about eSports Betting
These days, gambling is no longer exclusive to casinos or sports like football, basketball, baseball, and boxing, among others. It has also found its way in the world of eSports.
By the end of 2020, it is expected that a total of $29.8 billion will be wagered in eSports. In terms of numbers of bettors, there will be approximately 15.4 million people who will be wagering in popular eSports.
The popularity of eSports betting can be attributed to the global rise of eSports itself. Major tournaments are giving out millions of dollars to the winners. As eSports go mainstream, a natural consequence is that betting will follow the course of its popularity.
With the current pandemic experienced all over the world, betting on eSports is expected to rise significantly. Most casinos are closed. Sporting events have been canceled. eSports, on the other hand, can be played even indoors and while practicing social distancing, and hence, it is expected that eSports betting will experience unprecedented growth.
Keep on reading and learn more about eSports betting.
On What Games Can You Bet in eSports Betting?
As a newbie, before you research about eSports betting tips, one of the important things to do is to learn about the different games where you can place your bets. Below are some of the most popular.
- League of Legends: This is the most popular eSport where people are placing their bets, which represent about 38% of the market. It is also one of the most popular games globally in terms of hours played. Betting is often done in the form of match bets, which means that you will bet on the outcome of a single match.
- Counter-Strike: Global Offensive: It is almost impossible to talk about eSports betting and not mention CS: GO. It covers about 29% of the market. You can bet based on the outcome of a single match or an outright bet based on the outcome of the entire tournament. You can also place your bets based on the countries that are competing.
- DOTA 2: Since it was launched in 2011, DOTA 2 has gained a reputation as one of the most popular eSports globally, which also explains why it is a common choice among bettors. People often bet on events sponsored by Valve, which started in 2015. There are three major tournaments in every region annually, and the winners will then compete in an annual tournament. These tournaments attract bettors from all over the world.
- Overwatch: A multiplayer first-person shooter game, Overwatch is another common eSport where people bet. Match winner, handicap, and outright winner are some of the most common bets that you can place. Three main sporting events gather bettors – Overwatch League, Contenders League, and Open Division.
- Call of Duty: With sales reaching more than 20 million copies annually, Call of Duty is one of the most popular first-person shooting video game. Pro-gaming tournaments and leagues are popular among sports bettors. It is both a single-player and multi-player game, but betting is often only on the latter. However, the betting market is not as lucrative as League of Legends, CS: Go, and Overwatch, among others. Part of the reason for this is because the major tournaments are held in Europe and North America, which limits the game’s reach.
How Similar is eSports Betting to Regular Online Sports Betting?
If you are new to eSports betting, you are most probably curious about how it is different from regular online sports betting. The truth is that they are almost the same. Below, let’s have a closer look at how the two are the same or different.
- Size: Regular sports betting, without a doubt, is bigger than eSports betting. While eSports is growing, betting on traditional sports like football, basketball, and baseball still reign supreme.
- Payment Methods: They have similar payment methods. Whether it is for deposit or withdrawal, some of the most popular options include debit card, credit card, e-wallet, and bank transfer, among others.
- Rates: From the commission of the bookie to the potential winnings, there is no significant difference between the two.
- Market: This is perhaps the biggest difference between the two. In traditional sports betting, the market is more diverse, including young and old patrons. In contrast, in eSports, the market consists mainly of young bettors. This is probably because eSports tournaments are completed online, and the young ones are more adept at technology.
How Can You Bet on eSports via Mobile Device?
CS Go sports betting or betting in other types of eSports is pretty much similar in other sports. There are multiple options in where you can place your bets. Among others, one of the most popular is a moneyline bet or betting on a match winner. Regardless, bets are often placed using mobile devices.
To bet in eSports on mobile devices, make sure that such capacity is supported by your choice of betting platform. Not all eSports betting platforms will have mobile apps. The best way to check is through their website. Often, you can see a download mobile app button if they have one. Alternatively, you can also read online reviews and check if the platform supports a mobile app.
Whether it is eSports betting League of Legends or DOTA, among others, you can do it via your mobile device. All that you need is to find a reliable betting platform.
To bet on a mobile device, start by creating an account. Then sign-up. You will be required to provide personal information, including your email address. Deposit on your account through the payment methods allowed by your choice of a betting website. Once you are all set, you can now start betting.
In sum, eSports betting Canada, even in other countries, is growing. It is almost the same as regular sports betting in terms of the process and betting options. From CS: GO to League of Legends, you will have a long list of eSports where you can place your bets.
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