Navigating the Growing Landscape: A Deep Dive Into ESports Betting
Esports, also known as electronic sports, is a form of competitive gaming where players face each other in matches or tournaments. Players face off in competitions such as FIFA, NBA 2K, Dota, League of Legends, and many more. Betting platforms such as Slotoro allow fans and punters to bet on these events, consequently making money from them.
How do you bet on eSports and make money from it? Which are some of the best betting markets to pick from? Can you win money betting on eSports? This definitive guide takes you through all the basics you must know about eSports betting.
What Is Esports Betting?
ESports is an acronym for electronic betting. By partaking in the events, you will be betting on professional video games, in contrast to the traditional forms of wagering where you have to wager on football, tennis, basketball, cricket, and other sporting events. Massive improvements in PC technology over the last decade have significantly increased the popularity of video games. Better graphics, improved audio technology, and more powerful machines have made playing video games much better. Improvement in internet connectivity has enabled gamers to form massive and diverse online gaming communities where they can compete from different parts of the world.
These communities have significantly grown and have found a massive following. Fans are eager to wager on their favorite player, team, or competition. Betting on eSports started with in-game items – also known as skins – as currencies. As the popularity of betting on these events increases, mainstream gambling platforms absorb them, giving rise to eSports betting. Now, instead of betting on classic sporting events such as football, cricket, basketball, and other sporting events, punters can wager on popular eSports tournaments.
What Are the Main Esports Betting Formats?
Esports is a general term that covers various game formats that are as varied as any other sporting event. However, it is broadly categorized into the following MOBA, FPS, RTS, and Gaming Consoles. Whichever eSport event you intend to participate in will fall under the categories above:
• Multiplayer Online Battle Arena (MOBA): MOBA video games are some of the most sought-after and played online. They include titles such as LoL (League of Legends) and DOTA (Defense of the Ancients). MOBA games usually have two teams battling within a virtual world. Players will be participating in different maps where the context and missions change from one map to another.
• First Person Shooter (FPS): First Person Shooter (FPS) video games involve participants controlling weapons and viewing them from their perspective. While playing FPS games, your objective is to work within a team to defeat enemies through different maps. You’ll be picking weapons and other items, which you will use to fight the enemies. The most popular First Person Shooter games include Call of Duty, Fortnite, and CS:GO (Counter Strike Global Offensive).
• Real-time strategy: Real-time strategy games share many similarities with MOBA. The only differentiating aspect is that they involve single players. The most popular real-time strategy game in the eSports arena is StarCraft.
• Console games: Although eSports betting became popular due to FPS, MOBA, and RTS games, the more familiar and widely played console games such as FIFA and NBA2K were quickly absorbed and personalized into the general niche of eSports betting.
Popular Esports Betting Markets
Like in any other sporting event, you must establish what you’d like to wager on. There are tens and tens of markets in any sporting event, which you can select when placing your bet. Before you pick your market, you must remember that each game has information about the team, players participating in it, and their form. You must examine this information before you place your bet if you wish to increase your winning chance. With that said, the most common and perhaps popular bet you can place is the match result. Basically, when you place this bet, you are wagering the team that will win the match. Other common markets include:
• Objectives achieved;
• Total maps.
Which Games Can You Bet On?
There are at least 20 different types of games you can wager on if you choose to bet on eSports. These include the age-old MOBA and FPS games as well as the more recent additions, which mostly include console-based games. Below are some of the common games you’ll find across all eSports betting sites:
• Warcraft III;
• Counter-Strike 2;
Is It Possible to Win Real Money Betting on Esports?
Yes, it is possible to win real money betting on eSports. However, there’s a caveat. You must bet on a reputable and licensed website. This allows you to get decent odds when betting. You are also assured of getting paid in the event you win. If you’ve found yourself a website, ensure you have full information regarding the event you wish to wager on. Do background research on the teams involved, their form, and their strengths and weaknesses. This way, you can make an informed decision when picking your preferred market.
Of course, these are just the bare minimums. As you continue betting on eSports, you’ll be able to discover markets that suit your style of betting and consequently be in a better position to win. Additionally, you are not guaranteed to win with every wager you place online.