Esports is a broad term for sports-like competitions that take place on digital platforms. Esports are typically multiplayer video games such as Fortnite and League of Legends, but can also include sports simulations like Madden NFL 20, basketball video games like NBA 2K20, or even card and board games like Hearthstone and Magic: The Gathering.
The industry has grown rapidly since it began in the early 1990s, with more than $1 billion invested in esports in 2019 alone. Nowadays, eSports fans are not just involved in their favourite teams or players but many are also open to bet on esport as a way to make money.
What Are The Basics Of Esports Betting
Esports betting is the act of participating in or placing bets on professional video gaming events. Esports betting can be done online or offline, but most people bet on esport online through websites which offer a variety of games and competitions that you can bet on.
There are many different ways to bet on esport, and it can be confusing for newcomers to the scene. We’re going to break down the most important parts of esports betting so you can get started today! Esports betting works just like any other kind of gambling—you have to place a wager in order to win any money. The most common way to do this is by using an online casino or sportsbook. Here are the different kinds of bets that you can make in eSports:
Win/Loss Betting
– This is where you guess who will win a match, tournament, or league. You can also bet on whether or not there will be any ties during gameplay.
Handicap Betting
– If you think one team is going to win but not by as much as they should, then this is an option for you! You pick how many points your team will win (or how much they’ll lose by) when they play against another team.
Match Winner
– You bet on esport team that will win a match. If your team wins, you win your bet. If they lose, you lose your bet.
Map Winner
– You bet on which team will win a map in a best-of-three or best-of-five series. If your team wins, you win your bet. If they lose, you lose your bet.
Moneyline Bets
– You’re betting on which team will win a match. For example, if you bet on Team A to defeat Team B, and Team A wins, you win your bet. If they lose, you lose your bet.
Live Betting
– This is when you bet on esports events as they’re happening in real-time. It’s a risky bet because it requires you to pay close attention to the game and make quick decisions based on what’s happening in front of you. And while it can be fun—especially if you’re watching with friends—it’s not always ideal for people who don’t have time to watch every single match that’s happening at once!
Common Mistakes To Avoid When Betting On Esports
No Proper Research
– If you want to win big, it’s best to choose a team that has a history of success in the game and is popular with fans. This will give you a better chance of winning your bet on esport! Avoid betting on teams that you don’t know much about. You should only bet on teams you know well enough to predict their success.
Betting Too Much Money
– If you’re betting $100 a week, that’s a lot of money to be losing if your predictions don’t pan out. Know when to stop—don’t keep betting until it looks like the odds are going against you (or even if they aren’t). It’s better to have a little money on the table than nothing at all!
Not Paying Attention To The Games
– It’s tempting to just watch a few games and make a prediction based on what you see, but this is far from an accurate way to determine the outcome of an entire season or tournament.
Not Knowing The Odds
– You should always check the odds before you bet on esport. This will help you decide whether or not the bet is worth it for you! Odds aren’t as straightforward as they might seem at first glance. For example, if a team has 3:2 odds against another team, it doesn’t mean they’re guaranteed to win! In fact, it just means there’s a 50 per cent chance that they’ll win, which means there’s also a 50 per cent chance that they’ll lose.
Being Too Greedy
– Don’t go overboard by betting more than what you can afford just because there’s a chance of getting rich quick—it doesn’t always work out that way! Also, make sure to use your winnings responsibly. If you win big bucks off an esports bet, don’t immediately spend it all on something frivolous like buying a new TV or going out to eat—what if your luck runs out? Instead, use your winnings wisely and invest in something that will benefit your finances in the long run.
Always Be Updated In The World Of Esports Gambling
Knowledge is the key to helping you win when you bet on esports. You can’t just make any kind of bets you want without doing proper research. The best way to stay updated in eSports betting is by following sites or social media accounts that are dedicated to anything and everything about eSports, including betting of course.
Always check your resources to see if they are sharing legit news about eSports teams and players. A good way to do this is by visiting one of the top esports betting sites that offer live streaming of matches and other gambling opportunities like sportsbooks, casino games, and poker rooms.
You can also watch YouTube videos about esports betting strategies for beginners like yourself! This will help you learn about how some people are making money off this new trend in gaming while others are losing their shirts (or wallets). Keep in mind that having less knowledge about eSports can be dangerous especially if you want to try betting on them.