Betting has evolved over the years and the categories available to players are huge and varied. Esports is one of the last on the list, making video games a competitive thing with a bag full of prizes. Currently the gaming world has turned into something that has potential, promises and is more competitive thanks to the presence of eSports.Sports betting brings together fans and supporters who cheer and bet on their favorite matches or players. This category brings together players from around the world for colossal tournaments and live events. The advancement of betting makes betting on e sport easier, for example betting with crypto on esport.
Playing games is another way for people to unwind, add color to their daily routines, and enjoy their favorite video games. Streaming is what makes online sports betting possible. And yes, like other sports betting opportunities, their video games and tournaments are legal and work closely with casinos. However, each country decides for itself which categories of gambling should or should not be allowed. Take France for example, where betting is legal but online eSports betting is still a matter of debate.
The Success of ESports Betting
The success and evolution of online eSports betting has managed to change the opinion of online sports betting on the matter. Many compare it to the situation Bitcoin was in when it first appeared. It was something new, unknown, and very fluent. Currently, the Bitcoin game is still at the top of the player list. On the other hand, Esports managed to show the world how popular this category is. Casino providers have recognized fan loyalty, immense admiration and willingness to share in the excitement. Today, online sports have a broad scope and continue to grow as an industry. It even surpassed the billion-dollar revenue mark in 2019. At this pace, the niche is expected to grow by around 79% by 2022.
Many countries still don’t understand the idea of online sports betting. Nonetheless, the market continues to grow and the largest for now is Asia, followed by the United States and Europe. We have collected this type of data through sponsorship, advertising and fundraising. People tend to set aside large sums of money for betting, which makes the online sports industry attractive and thriving. There are not many video games favored by gamers and fans, given the narrow scope of competitive eSports. The list of eSports games you will come across for betting is like Counterattack: Global Offensive, League of Legends, Dota 2, Starcraft 2, Fortnite, Storm hero, Mobile Legends: Bang Bang, Free Fire, eFootball PES (Pro Evolution Soccer), FIFA, Call of Duty and Supervision.
The Gamblers of E-Sports
Esports fans and young players like Gen Z and Millennials feel that casinos are not for the long term. They believe that esports betting for casinos and gaming providers is not worth the long term commitment. On the other hand, virtual games are taking over and leaving traditional casino games with the odds on the sidelines from time to time. Competitions attract spectators with remote and on-site tournaments and championships.
This is perfectly represented by the first adventure of League of Legends. As the time goes on, it is even being shown on the Eiffel Tower in Paris. The event alone brought together more than 100 million viewers online, which is more than the usual capacity of the Super Bowl. Millennials are willing to admit that they prefer virtual competitions over traditional gaming events. The good news for online betting is that more and more platforms are taking over and offering video games with great odds.
If a gambler has verified the validity of the bookmaker and the variety of games and sports, the next step is to familiarize with the betting as well as odds. It is recommended for gamblers to read their terms and conditions, as the country and region people are playing in has its own peculiarities. Here gamblers can have betting requirements and often time limits. It is important to know how much we can cash out and what window of time the online casino allows. Another crucial aspect is the margin charged for the service, like say the odds. Usually, betting sites charge a 3-8% hidden fee. It is very important to know the exact amount, which will help us build the betting strategy. For those gamblers who gamble with a lot of stakes choose websites with low margins and good odds.
Esports Betting Casino
Responsible gaming and exciting video games meet on many online betting platforms. The stakes are huge and come from a variety of places including online casino platforms. It is important to choose a safe and licensed supplier with various titles. Some of the best sports betting sites for 2020 have more than one or two and the odds are definitely worth your attention. The main games surrounding the eSports gaming market are CS:GO, Dota 2, LoL, Heroes: OTS, Rocket League, and King of Glory. The most popular casino bookies where you can find this video game are Betway, Mr Green, William Hill, Unibet and 10 bet.
It becomes easier to understand why casinos engage in online sports and respond to them. The industry is looking for new and innovative ways to attract users’ attention. The speed of eSports gaming revenue is very useful for online casino platforms. They have a job opportunity system that requires a bit of a push to work well with video games as well.
The esports industry is a growing online industry, which seems to be a good segment for investment. Virtual betting and casinos turned a new page about betting. Online eSports gambling is unlike anything else on the market. This represents more than a billion for the industry and things like sponsorships and partnerships are more common than ever.
You have online casinos like LeoVegas and Betsson, where information about current and upcoming esports events is updated and in real time. Other betting platforms like Betway team up with eSports teams like Ninjas in Pajamas. The casino sponsors a team, which does a great job in CS:GO tournaments. The online casino also sponsored the ESL Counter Strike tournament in 2019. It even managed to land a sponsorship deal with League of Legends team PSG.LGD. All of this makes casino odds skyrocket. In conclusion, the advancement of E-Sport Betting is very interesting, as it was previously a medium where no one touched it, now everyone loves this medium, and racing in order to bet on the best e-sport clubs and join in the e-sport casinos.