How To Gamble On Esports
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One such option is to bet on a spread match. The final score is always 2-0 and 2-1 in the norms best-of-three Dota 2 games. The scatter list the favourite in -1.5 and the lowest in + 1.5. If the winner is bet at -1.5, you should win the game 2-0 while a loser is gambling + 1.5, the outcome is a. Real money eSports betting isn’t a mainstay on most popular sports betting websites just yet. However, as has happened with FanDuel, sportsbook operators are benefitting from offering eSports gambling to their users. There are plenty of sportsbooks out there, and as operators start to offer eSports betting, it might be difficult to choose.
Tournaments and Match Formats
Today, esports have become some of the most revered sports in the world. They are very interesting because of the diversity and the fact that players can take the roles of various characters. The tournaments are even more enjoyable to bettors because they have provided a new wagering niche. Therefore, what is the best way to be successful in esports betting?
- Esports betting operators formulate their odds based on the available bet types. It is then up to the bettor to figure out which bet appeals to them the most. Esports betting is centered on tournament or match winner bets.
- It is estimated that in 2021 the esports industry is worth over $1 billion and grows every year, this has led to another industry that dwarfs the actual.
- Many esports participants and fans are under 18 and this presents problems for licensed betting operators, as it is an offence under the Gambling Act 2005 to “invite” a person under 18 to gamble. Under 18s may participate in esports events, but they must not gamble on themselves or others.
To bet on esports, the first step is to understand the tournaments and match formats. Here are the main categories:
- Best of 1: A single game that is played between teams that are in groups.
- Best of 3: This match is used in the knockout tournament stages.
- Best of 5: This is probably the longest type esports match. It is mainly seen in the knockout stages and finals. The matches take 2-5 hours based on the game.
- Double Round Robin: This is a tournament where every team plays each other two times. The teams get points based on whether they lose, win, or draw.
- Swiss seeding: These type of matches are used when many teams signup for tournaments on esports sites. First, the teams are drawn randomly and then advance based on the points they get in groups.
Game Selection
Another important tip on esports betting is careful game selection. But which game should you pick? You should look for the games that you understand and fancy. For example, some of the most interesting games in esports are the first-person shooter video games. Once you have selected the preferred game, analyze the teams well and pick your bets. And finally, make sure you place bets on sites that are verified and trustworthy. You don't want your personal information compromised, and the only way to ensure this doesn't happen is by gambling on safe online casinos. If you are having trouble finding websites like this, we have you covered. Visit https://gentlemenscasino.com/ and enjoy maximum security while wagering on your favorite esports teams.
Types of Bets
Before you can start betting on esports, it is also crucial to understand the different types of bets. Note that the type of bets that you can place depends on a specific type of tournament. Here the main types of bets that you can place on various esports tournaments.
- Match winner bet.
- Match result bet.
- Round winner bets.
- Correct score bets.
- Over /under bets.
- First team bet.
- Group winner / tournament winner bets.
- In-play bets.
Because esports is still at a nascent stage, the types of bets that you can place are expected to increase as the sport develops.
Top Esports Betting Sites
If you want to bet on esports online, it is advisable to use the best betting sites. These are the sites that make it easy for players to join, play and win. Here are the top five esports betting sites that you should use.
- Bet365: This is one of the leading esports betting sites in the world. It has cut a name for itself because of its intuitive platform and impressive bets.
- Betway: This is another top betting site that no player wants to miss because of the large diversity of esports games. From League of Legends to Dota 2, be sure of getting them on Betway.
- Onehash: Whether you are new or have been betting on esports for some time, one esports betting site that will never disappoint is Onehash. In addition to listing a wide range of esports, the site also offers impressive bonuses to players.
- Betsson: Betsson is a high-rated esports betting site because of three things; diverse games, bonuses, and security.
- Online casinos: One of the best sites for esports betting is online casinos. They not only offer a diversity of esports for bettors, but also allow players to bet for free using casino bonus. Once you identify a legal casino offering your preferred esports, simply open a betting account and use the no deposit casino bonus to play for free and win real money. In short, you can definitely win real money, playing your favorite casino games. Why don’t you try luckycreeknodeposit.com, and get the top-rated casino bonuses and regular player promotions.
Esports is the new thriller in online betting. From USA to Asia, they have become the must-watch and bet options for enthusiasts. This guide has demonstrated the best tips you can use to enjoy wagering on esports more and winning real money.
[toc]Gambling on – and around – esports is a much bigger market than many assume.
The market can basically be divided by product and then by currency. Let’s start by talking a bit about the currencies that underpin gambling on esports.
Esports gambling: Popular currencies
For esports gamblers, the currency choice comes down to a decision between cash and skins (virtual items from video games).
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Daily Fantasy Esports in the US
Cash requires little explanation. The market for cash gambling on esports works identically to the cash-based market for traditional online wagering, such as sports betting or online casino games.
Skin betting on esports
Skins require a bit more explanation. Skins are virtual items that can be used in games like Counter-Strike: Global Offensive (CS:GO). The term “skin” is derived from the typical function of these virtual items: changing the appearance of a player’s in-game avatar, weapons, or equipment.
While a number of games employ some sort of skin system, CS:GO skins are the dominant currency in the skin betting market, accounting for over 80 percent of total wagering activity.
For example: Below is an image of the “stock” knife used as a weapon in CS:GO. Players can opt to replace that stock knife with unique skins of the knife that change the appearance of the knife, as shown in the images to the right of the stock knife.
Note that the skins do not improve the functionality or power of the knife. The skin only changes the appearance of the knife. Skins play a purely cosmetic role.
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CS:GO skins can be easily transferred between players (the same is not true for all games). That condition allows skins to act as a quasi-currency – something like a casino chip. Given that ability to move skins between players, layering a gambling site on top of that ability is a relatively easy task.
Here’s how it works:
- Players “deposit” a skin at a skin betting site (popular types of sites include sportsbooks, lotteries, roulette, and coin flips) by transferring the skin to the skin betting site.
- They gamble using their deposited skins (or in some sort of internal currency that the player receives in exchange for their skin).
- If they win, they’re paid in additional skins, which they “cash out” by requesting that the skin betting site transfer skins back to the player.
Once players have skins in their Steam account, they can:
- Leave the skins dormant in their inventory.
- Use the skins to change the appearance of their weapons.
- Trade skins with other players.
- Sell skins on the Steam marketplace for Steam credit (not cash) that can be used to buy other skins and games via Steam.
- Exchange skins for cash on third-party sites outside of Steam.
Right now, skin gambling is far more popular than cash betting, but a crackdown on skin gambling activity by CS:GO publisher Valve could fundamentally undermine the ability of skin gambling sites to operate.
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Esports gambling: Popular games
A few basic types of gambling dominate the esports gambling market.
Sports betting
Sports betting represents the most popular product among esports fans. Betting on esports is more or less identical to betting on traditional sports, with the caveat that the esports betting product is far less developed than the traditional sports betting product.
Players can choose between cash-based or skins-based sites when betting on esports matches.
In terms of popular games, as the chart below suggests, real-money League of Legends betting leads the pack, but CS:GO betting is a close second (and closing ground, according to our analysis):
Fantasy esports
While markedly smaller than sports betting on esports matches, there is nonetheless a demand for fantasy esports.
Most of the sites serving this space deal in cash betting. The major players are just who you’d expect when thinking about daily fantasy sports; you’ll find fantasy esports at DraftKings.
The basics of daily fantasy eSports
Fantasy eSports sites offer some variant of the “salary cap” model, in which users select a roster of players for their fantasy team under the restrictions of a salary cap set by the site. After picking a team, the eSports competitors score fantasy points for users based on their performances in competition. The users that end a contest with the most fantasy points win cash prizes.
The types of contests offered in fantasy eSports generally mirror those of traditional fantasy sports:
- Guaranteed contests (top entries receive part of a guaranteed prize pool)
- Head-to-head matches
- Winner-take-all contests
- 50-50 contests (contests where half the field is paid)
- Double- or triple-up contests, where players win 2x or 3x their buy-in
- Qualifiers for other contests
- “Leagues” (any contest that is not guaranteed, but is not a two-player contest)
Contests are available across the three sites on a variety of popular competitive video games:
- League of Legends
- Dota 2
- Counter-Strike: Global Offensive (csgo)
- Hearthstone: Heroes of Warcraft
- Call of Duty
- SMITE
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Jackpot games
Jackpot games are basically lottery-style games that allow players to risk a small amount for a chance at a large payday.
Right now, jackpot games are only available at skin betting sites, but it makes sense that cash betting sites would start to offer some equivalent product in an attempt to attract skin gamblers – especially if Valve’s crackdown succeeds in choking off the skin betting market/
As the chart below shows, jackpot games formed the second-most popular segment of skin betting activity after sports betting (note that estimates are prior to Valve’s crackdown).
Casino-style games
Can You Gamble On Esports
A handful of casino-style games (including roulette, blackjack, and raffles) make up the majority of the remaining interest in gambling among esports fans.
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Again, these games (at least within an esports-dominated frame) are only available at skin betting sites. The market for these (and all) skin betting products is in flux following Valve’s decision to crack down on the activity.