With up to 200 million fans showing interest in eSports, the industry is expected to generate at least 2 billion dollars in revenue by 2021. While Esport has been around for long, the market for online gambling started growing with the advent of technological advancement. Video games have been around for decades. However, competitive electronic sports gaming started with the demand from punters. You can enjoy your favorite games such as Dota 2, Fortnite, LOL, or CS: GO and still make money online. Many competitive video games have introduced lucrative tournaments with high viewership and massive payouts. Here is all you should know about eSport gambling.
Esport Betting Strategy to Win in 2020
Understanding the Odds
Oddsmakers for esports follow the algorithm of the probability of an event occurring. Different bookmakers avail diverse options for punters to choose for their bets. Always differentiate between real cash, skin, social, fantasy, and challenge betting. Use the odds comparison tables to find a bookmaker that offers the best payouts. And so, in order to get optimum odds, your betting habits should follow the following eSport betting strategies:
The cash Out Strategy
The best way to win in an eSport bet is to Understand the Odds and betting strategies in the various games. The most recent addition in the betting industry is the cash-out option. The betting approach works best for in-play betting in eSports. A punter can easily bet on both teams and cash out the gains of the bet before the end of the game. The strategy is effective especially when you are not sure about the outcome of an event.
Wagering on totals
The strategy is effective when a punter is sure about the total kills and elimination as well as the overall outcome of the game. A bettor must conduct extensive research to understand the strengths and weaknesses of players to effectively find the correct odds.
Betting on Smaller Contests and Smaller Bets, Larger odds Approach
The strategy is good for punters who have little or no experience in the eSport industry. Instead of betting on big contests such as Dota 2 International where bookmakers have a competitive advantage, you should choose smaller tournaments to eliminate the house advantage for bookies. You can also minimize losses by choosing smaller bets. The latter minimizes risks because smaller bets have a lower risk. By contrast, for large odds place smaller bets.
Tips and Things to Avoid
Before you can start gambling on eSports, ensure that it is legal in your state. The topic of legality is an issue of contention in most jurisdictions. While most people consider it a game, it is a sport in others. In the US, it is legal to bet on eSports competitions or events. However, it is illegal to wager on in-state colleges or minor league professional games. Before betting follow the following tips:
- Always remember to use reliable bookmakers
- Watch out for bonuses on various sportsbooks
- Always do extensive research on eSports
- Watch various eSports live Events to get information on current tournaments
- Network with the gaming community
Top eSports Teams and Games to Bet on in 2020
Many online bookmakers such as Loot.bet, Cyberbet, Betway Sports, and Spin Place that avails the best odds for popular games such as CS: GO, Fortnite, Overwatch, FIFA, and Street Fighter. You can also follow global tournaments such as the Fortnite, World Cup, Capcom Pro Tour, and the LOL World Championship. You can also follow top eSport teams such as team liquid, team OG, New bee, and Evil Geniuses. The eSport industry has gained global attention and therefore it’s the goldmine for betting activities.