eSports are the newest market that has emerged for sports betting and are in turn, one of the newest activities to be recognized as a sport in the world. eSports refers to professional, competitive video games, and while you may not be aware, this is a massive market generating huge revenue today.
The eSports genre covers a wide variety of games and formats, with millions of spectators watching events streamed around the world, and thousands watching in person in arenas. eSports professionals become celebrities in their field, and with highly competitive games and structured competitions, it is no surprise that betting on these events has rapidly increased in popularity.
With so many games and tournaments to choose from, betting on eSports gives you a great opportunity for profit in this new and exciting are of professional sports.
The term eSport is short for electronic sports, and it covers a wide variety of games. The most common genres of game that are on offer are first person shooters (FPS), such as Counter Strike, multiplayer online battle arena games (MOBAs), such as League of Legends, Real Time Strategy Games (RTS), including StarCraft 2, and sports games such as the FIFA series.
Each genre has its own star players and varies greatly in how they are played and how you can judge potential results. Tournaments can be completed online or organized at a venue using a local area network for the competitors. They also vary in how they operate, with some using teams of players competing together against others, while some have each individual participant competing alone to win.
With prize pools for the biggest tournaments exceeding $20 million and audiences above 5 million, eSports are incredibly popular and growing fast. Because the games are so varied, eSports represent a very different market to almost any other sports bet you can think of, and it needs a different approach to make the most of the opportunity.
The most important choice when betting eSports is the choice of game you bet on. If you enjoy video games, it can be really helpful to bet on a game you like or even play, because this gives you an edge, a better understanding of the situation that most, however, if these kinds of games are not your thing, you can still enjoy eSports betting.
Pick a genre or game, something you have some interest in, if for no other reason that you will be watching a lot of it, so find one you find is fun to look at. By focusing on one game, you can become an expert in that, understand the tournament scene, the players involved and how they perform, and that is key to a successful wager. There are simply too many options to have enough knowledge of all of them, so pick one. You can add a couple more over time to expand your betting options. Starting out, keep it simple.
Once you have your game, then there are several options for placing wagers.
A straightforward ‘who will win’ type bet, you choose the team or individual you believe will win the match and place a bet on them. This is the basic bet in eSports, and it is a simple way of getting involved.
Think of this working as a spread bet would in the NFL. Each team or individual in the match is given a handicap value, positive means the underdog, a negative value means the favorite. A bet on the favorite wins if they win the match by more than the handicap value, while a bet on the underdog wins if that team wins or loses by less than the handicap figure. A draw is also a win for the underdog team bet.
This approach is very similar to the type of spread bet common when betting on NFL or NBA games.
This final bet is a straightforward bet on which individual or team will win the entire tournament. There tend to be longer odds and more value in these bets, however, as with all gambling, that also means a higher risk.
The bets are straightforward, however, combining them can create amazing value for your wager. By adding side bets for a handicap bet or totals, you can add even more profit to a winning bet. The key to eSports betting is to focus on a particular game, and use the available performance data, as well as watching tournaments, to understand the competitors and spot profit potential.
eSports are great fun to be involved in, and as a relatively new market, are a great opportunity for gamblers, but it important to take the time to understand your chosen game and how the tournament scene works. The more you do, the better your results will be. As eSports are a very new idea for many of us, this does mean that the learning curve can be quite steep, but with the potential for good profits, it’s an investment in time that is well worth it in the long run.