Esports are online multiplayer games. They’re mostly very competitive and are played for entertainment purposes. But what happens when you infuse betting with the competitive genre of esports? Let’s explore.
What You Need to Know About Esports Betting
The esports betting industry is growing exponentially fast. All of it started in the spirit of the competition, closely among friends and family. But now it has bloomed into a million-dollar industry where people put money on their favourite teams.
The world of esports betting is still mysterious to a lot of people. You might know the game in and out that you intend to bet on, but the betting world is nothing like the game itself. It’s a space heavily influenced by people who are there to make money, by hook or by crook.
There are a lot of games that you place a bet on, with help from a sportsbook. Counter-Strike: Global Offensive, League of Legends, Dota 2, Overwatch, Fortnite, etc. are some of the most popular titles around the world, and in New Zealand as well.
How Esports Betting Works
Esports betting is very similar to sports betting in terms of nature. In sports betting, you place a bet on your favourite team, or against it. There are various odds that you have to consider while selecting the proper bet for you.
The same goes for esports betting as well. You pick a game, you pick a team or a player and you bet on the odds. There are other factors that contribute to the betting process. You should know about the game and the teams beforehand. We’re sure you don’t want to bet on somebody you know nothing about.
You can bet on esports games the same way you bet on football games or boxing matches. You visit a trusted sportsbook website, select a game, and pick the wager. You make the deposit and wait for the match to happen. Once the results are in, your winnings will be transferred to your account.
Some Tips for the Beginners
When you’re just starting out, it’s very normal to feel the urge and bet a lot on your favourite games. But we strongly suggest that you refrain from doing such acts. Before jumping into depositing a huge sum of money, keep some things in mind.
Remember, knowing how to bet on esports and actually making money off of it are totally different things. Just because you know how to use a sportsbook website doesn’t mean you can profit from it. Here are some tips for you to start.
- Understand the odds and calculate the payouts before a deposit
- Make simple plans for your stake and manage the bankroll smartly
- Do research on the team before you place a bet
- Focus on the value of the bet rather than the actual amount
- Compare the odds with other games to understand how much you might make
- Analyze your results and keep the records for future research
Stay tuned for more on esports betting!