As well eSports betting is still a relatively new phenomenon, but it is one that is rapidly gaining popularity all over the world. If you’re looking to get in on the action, then you need to know everything there is to know about esports betting. Here’s everything you should know.
What Is Esports Betting?
Simply put, esport betting is the act of wagering on the outcome of professional video game competitions. These competitions, which are also known as e-sports or eSports, are organized tournaments that feature some of the best gamers in the world going head-to-head in popular video games.
The most popular eSports games include first-person shooters (FPS) like Counter-Strike: Global Offensive and Overwatch, real-time strategy (RTS) games like StarCraft II, and multiplayer online battle arena (MOBA) games like League of Legends and Dota 2.
How Does Esports Betting Work?
If you’re familiar with traditional sports betting, then you’ll have no trouble understanding how esports betting works. Essentially, it works in the same way as betting on any other sporting event. You’ll find a wide range of different bets you can place on eSports matches, including moneyline bets, point spread bets, and futures bets. Moneyline bets are the simplest form of bet, and they simply involve picking who you think will win the match.
Point spread bets are slightly more complex, and they involve betting on whether one team will beat another by a certain margin of victory. Futures bets are long-term wagers that allow you to bet on things like which team will win a particular tournament or who will be crowned the overall world champion at the end of the season.
What Are the Different Types of Esports Betting?
There are two main types of esports betting: real-money betting and skin betting. Real-money betting is exactly what it sounds like; you’re placing bets with real money that you can either win or lose. Skin betting, on the other hand, involves using in-game items, known as skins, as currency to place bets.
Skins are virtual cosmetic items that have no impact on gameplay but can be used to change the appearance of a character or weapon. They can be earned by playing a game or purchased with real money.
While skin betting is not technically gambling, it has been marred by controversy in recent years due to the ease with which underage gamers can get involved. As a result, many skin betting websites have shut down, and it’s now much harder to find a skin betting site than it was in the past.
If you’re looking to bet on eSports matches, then we recommend sticking to real-money betting. Not only is it more straightforward, but it’s also much safer and more regulated.