As esports has professionalized globally, betting has risen along with it. Now that we have official, professional teams and players competing in tournaments for several games, esports fans might interact with the sport differently, gambling on the outcome.
Whether you are a veteran of regular sports betting reaping all sorts of incentives from gaming platforms like the GG Bet Casino Bonus, or you’re just getting started as a gambler, it is important to understand the basics of esports betting before you make your first wager. This tutorial should help with that, as we’ll cover the basic aspects of esports staking, including the types of wagers and things to consider before you deposit your money.
Understanding the Concept of Esports Betting
Similar to traditional sports, this concept involves staking on competitive video game tournaments. Companies have been built into billion-dollar enterprises with games including Fortnite, League of Legends, Dota 2, and Counter-Strike Global Offensive.
Various outcomes of in-game events, such as the first team to achieve a given goal and match and tournament victors, are among the outcomes on which users can place bets. This concept has never been easier with the proliferation of online staking sites and streaming services.
What Are the Different Kinds of Esports Betting?
You have to know the options if you want to place stakes. The available types are:
- Match Winner Bet: Picking the victor of a particular match is the most basic kind of bet; odds that reflect each team’s likelihood of winning depend on multiple variables, including past results, team quality, and current form;
- Handicap Betting: This kind is applied to situations when one side has a clear advantage — by giving the underdog a virtual head start (for example, +1.5 maps in a bo3 series), the favorite must usually ‘cover’ the spread;
- Totals (Over/Under): This is a bet on the number of rounds or maps in a game or, sometimes, the number of kills. Bettors bet whether the total will come over or under a certain number set by the oddsmaker;
- Prop Bets: These are bets on a specific outcome in a particular game — for example, who will destroy the first tower in League of Legends or kill the most people in a Counter-Strike battle? Prop bets are more random, but especially for those who are deeply knowledgeable about the sport, they are exciting wagers to be made;
- Outright Bets: Outright bets, conversely, center on who will win the outcome of the tournament or the event. Because predicting the longer-term outcome is more difficult, this kind of bet is usually more generous in the payout.
What Are Regarded as Odds?
Therefore, odds are imperative to staking, as they set the potential payout. Odds in this form of gambling can be presented in American, fractional, and decimal formats.
For example, odds for a team with 2.50 decimal odds would mean that a $10 wager that wins would earn $25 ($10 x 2.50). It is easier to make sound decisions when you read the odds since it makes it easier to see how much risk is attached and how much can be earned from each bet.
Factors to Consider Before Betting on Esports
Most critical for gamblers is to note the other factors that will affect the outcome of a match before making a wager:
- Team Form: Past performance, especially the most recent ones, indicates what a team might do. Check out when key players have been added or dropped; see how they have played recently; look at their win-loss record and how they have fared against the competition in past head-to-head contests;
- Game Updates: Updates to esports games can have a major effect on the competitive landscape. If a certain character or ability gets a boon or nerf, it can seriously affect the fortunes of a team that relies on that particular in-game tactic;
- Player Injuries or Substitutions: Esports are not exempt from player availability issues. Like in traditional team sports, the team can suffer if a key player is benched or has personal problems;
- Tournament Format: You can tell which teams do better in a sudden-death single-elimination style and which do better in best-of-three games. This lets you better predict who will win a tournament just by being aware of the organizational structure;
- Meta Shift: Whoever has the most successful characters and techniques at any point in time is referred to as the ‘meta’ in the video game community. Teams adapting faster than their opponents to a changing meta have an edge;
- Platforms and Legality: Finding the right sites and knowing the local regulations before putting money on esports gambles is highly important. Many sites offer this gambling service, such as Betway, Pinnacle, and Unikrn. However, this concept is allowed in certain jurisdictions while prohibited or regulated in others. Make sure that this form of gambling is allowed in your community;
- Responsible Betting: As with all gambling practices, deal with this method of gambling with a clear head. Never bet more than you are willing to lose, or set a limit for yourself. It is tempting to chase losses, but it almost always brings you more financial grief. Don’t bet on games you haven’t seen to play through, research the teams and players, and try not to let your emotions get the best of you.
Esports Betting Basics: What You Need to Remember
While the concept is a cool idea for a way to enter the competitive gaming scene, luck won’t take you far. Staking wisely requires knowledge of the different bet kinds, odds interpretation, and the factors that impact a team’s performance.
The business will see betting opportunities grow along with it, but always bet responsibly and keep up to date with the teams and games you are betting on.
