Can you bet on esports?
YES! Just like conventional sports, esports has always had it’s big competitive side, that is no different in any way. Even better, esport games provide way more information about the games you are following, upcoming or past matches and statistics with higher percent on probability, making your bets even more secure.
With every year and every tournament that passes, the esports scene becomes bigger, stronger and more reliable than even some conventional sports. So if you are a fan of competitive video games that classify under the esport tag, and want to make some profit over it, you are in the right place!
What is Esports Betting?
Esports (also known as Electronic Sports) refers to a type of console or computer video game that is played by a team of players, an individual, against team or individuals either over online mode.
The games that fall under the radar of Electronic Sports are highly competitive and brings players in a virtual battle arena in various video games where they play against each other in order to score a victory based. Exactly that competitiveness opens the gates of esports gambling, making it a huge business in itself.
Through the years, thanks to betting on esports, players, teams and whole organizations started to get paid for their hard work, being the best at the selected video games. As we stated before, bettin on esports is no different than betting on conventional sports, except that the probability of winning a bet is higher, due to the real-time statistics and betting odds, that cannot be represented in conventional sports.
And that’s not all. Millions of people are betting on esports while watching their favorite players or teams on sites like twitch.tv.
Esports Odds Explained
Odds in electronic sports work just the same way as you are betting on conventional sports. The only rule in it is to know how esports betting odds work.
The odds are the number (in decimal form) that the online bookmakers put on a certain outcome. For example, 1.20 odds that Fnatic will win a match in Counter-Strike. Because the odds for a certain outcome are so low, it means there is a high chance that just that team or player will win – this way you won’t get big profit on your bet.
High odds mean there is significantly less chance that the team you bet on will win, giving you bigger prize money if that team wins. However, here you take a greater risk if you bet on the higher odds as you may not win at all. To determine if high odds are worth investing in, you should get involved with the eSports title you are betting on. Then you can make a bolder decision.
To be extra prepared, you can follow the professionals in esports, check out the competitions and tournaments to learn more about the games and the regulation. You can also follow the professionals through their social channels such as Instagram, Twitter, and Facebook to keep up with the game.
Types of Esports Bets
- Betting Outrights
You can easily guess this type of bet by the name, these are bets which gamblers place before starting the competition or an event. The famous bet in this category in one for outright winner of the event or competition, the bets are also determining which players will be eligible to be promoted to the next stage of a competition or event. Some people place bets on which teams who will be removed before the specific stage starts.
- Match Winner
With this type of eSports bet, gamblers place their bet when they want to select the winner of a given match. The odds may be fixed, which means that they are determined by a compiler for a couple of days before the match begins, or could depend on how many bets are placed on the individuals. In simple, if many bets are placed on the specific team, then odds might be equal to one.
In Torals, gamblers place their bet on how many of the available things will be played out in the game’s course. In simple, this type of bet concerns on the specific stat and people from all over the world bet on the total maps played, total rounds, kills, or points. Betting on totals amount of things have nothing to do with the result of the match or event, it mainly deals with the total stats played in the game.
There are five different genres in the video game industry that can separate the esport titles.
- First-person Shooter (FPS)
First-person shooter (FPS) is a video game genre centered on gun and other weapon-based combat in a first-person perspective; that is, the player experiences the action through the eyes of the protagonist. A wide range of FPS (First-person Shooter) video games are available, most notable and recognisable of them being titles such as HALO, Counter-Strike: Global Offensive, and Call of Duty series.
- Sports Simulation
Sports is a genre of video games that recreate physical sports like NBA 2K and FIFA, as well as video games which mix the elements of physical sports and other genres like Rocket League.
- Fighting Games
The classic and probably one of the oldest genres in the video game industry, revolving around virtual combat. Tekken, Street Fighter, Mortal Kombat, Super Smash Bros Ultimate etc. are some of the most popular titles played between two to four players, depending on the title.
- Multiplayer Online Battle Arena
Multiplayer Online Battle Arena (shortly called MOBA) mainly revolves around team-based battles, in which two teams are battling against each other with an objective to eliminate the members of each other and make points. The main objective in the game is for one of the teams to destroy as many towers as possible, to the point where they advance to the enemy teams base and destroying its main crystal. Well known titles of this genre are League of Legends and Dota 2.
- Casual Games
Casual is also a genre of the video game industry that delivers simple arcade and puzzle video games, in quick matches end within a short time. Casual video games are somewhat easy to play, in other words, the player doesn’t need the experience to engage in the game. The most famous casual game titles are Hearthstone and Clash Royale.