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From Virtual Arenas to Real Rewards: The Evolution of Esports Betting

April 25, 2022
betting-on-esport

What Are The Different Kinds Of Esports Betting Markets?

There are many various ways to gamble on esports, just as there are many different sorts of esports to bet on. While there’s nothing wrong with a straightforward match-winner bet, mixing up your betting methods every now and then maybe a lot more fun. Here are some of the most popular esports bets to try, along with some helpful betting advice.

Explore the dynamic evolution of esports betting from virtual arenas to tangible rewards, enhancing your understanding of the world of esports betting.

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Esports wagers on the winner of a match

This is the most typical type of esport bet you’ll come across on a betting site. Just like you’d predict the winner of a football match, you can try and wager on the winner of a particular esports match of anything from League of Legends to Counter-Strike Global Offensive. If this sounds too straightforward, try handicap betting, which involves putting a clear favorite at a disadvantage in order to take advantage of improved odds and make a larger profit.

Bets on esports in its entirety

You can place an outright bet on which team or person will win a certain esports competition. You can do this well in advance of the esports competition on most respectable betting sites. So, if you have a good idea of who you think will win an event, place your bets early.

Esports betting system

System bets require you to place multiple esports wagers. To receive your rewards, you must have all of your selections win, however it’s worth noting that the payouts from these bets can be rather substantial. While winning this type of wager may need a bit of luck, the payouts offered by online betting sites should make it worthwhile.

Esports-specific bets

There are numerous excellent options available that are particular to specific esports. So if you were betting on League of Legends, then you might get the possibility of making a bet on which side would win the first map, and if you were wagering on CSGO, then you might attempt and guess which team would be the first to get 10 kills. Many betting sites also allow you to place strange bets like which team will demolish the first tower, dragon, inhibitor and so on. There are also wagers on the proper score and even the time it takes to complete a round, demonstrating that there are numerous methods to wager on esports.

Our Esports Guidance Will Keep You Safe And Secure

It is perfectly legal to bet on esports as long as it is lawful in the country from which you are registering and you are of legal gambling age. After you register an account with a competent and trustworthy bookmaker, you should expect them to check your age, identification, location, and payment methods.

We’ve all heard horror stories about gambling websites that aren’t registered or controlled. This is against the law and provides you with no protection. So, before you decide where to bet on esports, make sure your selected betting site is licensed and controlled. Never trust a site that does not have a license, such as some of the skin betting sites, because a good licensing and regulatory authority assures that any esports wager is fair.

Immerse yourself in the exciting journey of esports bet, where every esports bet becomes a gateway to thrilling real-world rewards.

Betting FAQs

How big is the esports betting market?
Esports betting is a fast-growing market. It has been estimated that there are more than 20 million esports bettors worldwide. The market is still in its infancy, and the betting volume is expected to grow exponentially in the next few years.

The esports betting market is an emerging segment of sports betting, and it’s not just about watching a game anymore. It’s about predicting the outcome of games, matches, and tournaments, which makes it much more exciting for fans and bettors alike.

How much is esports betting worth?
The esports betting market is projected to grow to $22.2 billion by 2020, with a compound annual growth rate (CAGR) of 18.5%.

The esports betting market is projected to grow to $22.2 billion by 2020, with a compound annual growth rate (CAGR) of 18.5%. This is mainly due to the increasing number of events and viewers that are interested in this type of game.

Many believe that the esports industry will be worth more than the NFL by 2020, which would make it about twice as valuable as Major League Baseball.

Is esports betting popular?
Yes. Esports betting is quickly gaining popularity as a form of gambling and offers some lucrative odds. The number of people who play video games in some capacity is estimated to be over 1 billion. This astounding figure demonstrates the growing popularity of video games.

Uncover the thrilling narrative behind esports betting, where the realm of esports bet transforms into a pathway to exciting real-world outcomes.

Visit PIWI247 and place bets online with betfair alternative sportsbook and take a look at our comprehensive variety of sports betting odds.

About the author

Klemens Kamiński

Interest in Esports. Wanted to try writing for different platforms. He is a 38-year-old who enjoys playing soccer, mountain climbing, and charity work. He mostly travels to games and investigates current events in sports.

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