What is Esports Betting?
Esports is a term used to describe competitive video gaming played at a professional level. Games can be played individually or in teams with tournaments often streamed worldwide and with gigantic cash prizes. Though Esports isn’t a new concept, the betting industry around it has only recently seen a huge surge in popularity. To bet on an Esport is essentially to wager on the outcome of a certain game, like who the most valuable player will be or the final score. Just like with traditional sports betting, a gambler will use real-life money in order to place a bet.
How Does Esports Betting Work?
Betting on Esports is no different to betting on a physical sport. To place a bet, simply select a sportsbook, find the Esports category, and make your wager. Most major sportsbooks will offer markets for popular Esports games such as League of Legends, CS:GO, Dota 2, or Call of Duty. The types of markets on offer are fairly similar to traditional sports and have been known to include popular wagers like series winner and match winner.
What Is the Most Viewed Esport?
Thanks to streaming sites like Twitch and YouTube, Esports has become a huge spectator sport. Below we’ve listed the most viewed Esports for 2019 based on the number of hours that they were streamed for. All data mentioned has been pulled from escharts.com’s yearly report, you can check out the full findings here.
How Much Money is in Esports?
There’s big money to be made in Esports. In the past few years, there have been some life-changing, million-dollar payouts for tournament winners. The prize pools have gotten larger and larger year-on-year, and it’s expected that they’ll continue to grow at the same speed. For a glimpse at how much money is in Esports, take a look at the table below for the top 10 largest prize pools so far.
Esports Betting Tips
Before you start with Esports gambling, it’s always good to have a solid betting strategy prepared. To help put you in a better position, we’ve put together four of our essential Esports betting tips below. Read on and get your strategy sorted:
Play the Game for Yourself
No matter your experience level with online gaming, it’s always beneficial to play the game for yourself. Games can often have complex rules to get to grips with, and the fastest way to learn the ins and outs is to experience them first-hand. Luckily most Esports games are available to download for free, so it should be fairly easy to jump into the action.
Know the Team & Players
It sounds simple, but the key to success is knowing who you’re betting on and why. Try to research the recent form of players as well as any past statistics you can find on the team. The more you know about the teams, the more information you have when it comes to placing an Esports bet.
Watch Live Matches
Just like any traditional sport, watching live matches is the best way to understand the game. Some bookmakers will offer live streaming directly on their sites, but if not, services like Twitch or YouTube will be your best bet. Following your favorite game will also help you to analyze gameplay strategies and be familiar with common match outcomes.
Stick Within Your Budget
When it comes to video game gambling, or any type of betting, it’s good to set a budget and then stick to you. Betting more than you can afford to lose is always a huge risk that could hurt your bank balance. Ultimately, the key to long-term success is to be calculated in your betting and to never let your passion cloud your judgment.