Esports has gained popularity over recent years, with numerous followers watching competitive tournaments. All matches are streamed live on Twitch and other social media resources, with many bettors searching for action. In many countries, esports tournaments are broadcasted on top sports channels.
Esports covers a broad range of games with magic and fantasy elements (League of Legends) and realistic games (Dots 2), and sports games (FIFA). Some more options can be found at https://cover.gg/news. Once you make a choice, make sure to learn some more information about it.
How Does It Work?
Esports betting looks like traditional sports betting when it comes to structure. Players study the odds and bet on the team that potentially wins or fulfils certain other conditions. Esports has an international fanbase, and the presentation of odds differs from one site to another. The most common format is the decimal odds. However, there are many more options to choose from:
- Outright winner – You predict the potential winner of the whole tournament or the match.
- Group winner – If teams are split into groups, you can bet on those who form the winning group.
- Draw – You wager on the match result that turns out to be a draw, which isn’t applicable in the best esports games.
- Handicap bet –You place bets on one side or the other to cover a certain margin. For example, the favorite to win the match has to get a certain number of points or rounds in order to end up with a successful bet.
Please mind that some bets are eligible for a limited number of games. For example, the first tower works for League of Legends and Dota 2 as they feature tower defense elements. The pistol round serves as a bet on the team that will take over the “pistol round,” the first round of a half.
All forms of gambling require a solid strategy to deliver a positive outcome. If you want to bet on traditional kinds of sports, you should know which of them has the most attractive odds. The same goes for esports betting. Successful esports bettors analyze their skills, knowledge, and preferences before getting into it.
Getting familiar with the game
Knowledge gives you a lot of power. Knowing the ins and outs of the game you bet on is imperative. The more you know about the game and the players, the better you are at making an informed bet. As you can guess, relying on luck isn’t the right solution here. Make bets based on the odds. For some esports games like Fortnite and Dota 2, you should play these games to collect some knowledge and skills for further gameplay. It doesn’t hurt to watch the actual tournaments to get a feel for the strengths and weaknesses of all parties involved.
Understanding the odds
Most esports betting sites rely on a decimal system to estimate the odds. Don’t forget that the available odds reflect the implied win probability. The lower the odds, the higher the win probability. The higher the odds, the lower the win probability. It is crucial to understand how the odds work to calculate your potential winnings or losses when betting on esports. Checking discrepancies between the odds and the actual result probability shouldn’t be ignored as well.
Being dynamic doesn’t make your betting strategy more productive. In this context, you must give quick reactions to changes and be able to adjust your strategy accordingly.
Based on the collected information, you should know what and how affects teams. You should be able to read through the odds and potential winnings. This could change your bet from an outright win to the first team to score in a match.
Betting on esports is always a risky adventure. But it surely makes watching the competition more exciting and engaging. Not many people can make a living from sports betting. However, there’s still the chance of making a bit of money from a hobby.
The esports industry is a multi-million dollar industry, functioning like other professional sports leagues. Having a smart budget plan and a solid strategy for esports betting can potentially net you some winnings. Make sure to treat it as a gamble no matter what. Nothing is guaranteed. Nothing is sure. Sports betting is fun because it’s interactive and engaging, so enjoy it.