Gambling is the one form of entertainment that has been garnering millions of fans from across the globe since it requires only some money and wits to make the right move. You don’t even need to step out of your house to make money from these games, as all types of gambling are available online now. Although esports betting is relatively new, the popularity of that domain grew faster than anyone had expected. Around $1.5 billion is the industry’s estimated revenue by 2020. This is surely a big number despite the limited fanbase it has compared to other sports and betting options. Let us look at esports betting in detail.
This is a term that denotes the competitive video gaming space and is an abbreviation of electronic sports. People competing with each other for a formidable position in a particular game’s universe may not be an interesting prospect to look into. You may have been witnessing all of it for a long time, and only seems to a pastime. However, these games aren’t just about playing with consoles; gambling is also a part of this gaming arena that has recently attracted more attention. The betting aspect in gaming wasn’t explored to its fullest potential in the initial years, but it is now being accepted all across the globe to an extent where the whole concept is growing to become the next big market.
Since video game is competitive, professionals and amateurs are equally trying to find a position they fit into. With hundreds of websites and esports available these days, the interested bettors and gamers wouldn’t find it hard to make money out of their talent. More than 100,000 people attend esports events in many parts of the world, and millions of other fans watch and bet from their homes as well. Live streaming platforms offer fans the opportunity to do so on all the major leagues of popular games such as CS: GO, League of Legends, and Dota 2.
How Does Esports Betting Work?
Bettors are allowed to wager on an individual player, or a team of players who they think will win in a tournament. Like the variety in the esports games, betting options are also galore. People who aren’t familiar with the most popular betting options must learn and get used to the concept of each bet to make the right move each time. Betting on an overall winner is always the easiest option in all forms of gambling, and the same goes for esports betting too.
Types of Esports Bets
There are different types of bets in esports gambling, starting with the betting outrights, which is the one placed before the game begins. The next big option is the match-winner bet, the one where the winner of a given match has to be chosen. A specific stat is considered in the totals bet to see how the predictions work in the course of the game.