Betting on esports sites is easy, and almost anyone can get lucky. However, mastering the art of online betting can be challenging, so you may need help from a gaming pro if you want to win consistently on esports.
Fortunately, this guide will discuss some tested and proven strategies you may employ while betting on esports. Moreover, these tips are easy and convenient to help newcomers avoid the common rookie mistakes and start making money on their favorite games immediately.
What’s eSports Betting?
eSports betting is a form of gambling that involves placing wagers on the outcome of video game competitions. eSports, also known as competitive gaming, is a rapidly growing industry with millions of fans worldwide.
Like traditional sports betting, eSports betting allows you to place bets on the outcome of tournaments and matches. However, instead of betting on physical athletes, you’re betting on professional gamers who compete in popular video games such as Counter-Strike: Global Offensive, Overwatch, and League of Legends.
ESports betting is a relatively new phenomenon, but it’s growing in popularity very quickly. The global eSports betting market is expected to reach $2.56 billion by 2026.
Strategies in Esports Betting
1. Prioritize Games You’re Familiar With
There are tons of esports betting online options to choose from. You can bet on many games, from battle arenas such as League of Legends to the popular CS: Go. Moreover, new games such as Apex Legends and Fortnite come out every year, which might entice you to place bets.
Moreover, it is recommended that you spend considerable time learning about an esport game to easily predict the most likely outcome before contemplating wagering your money on it. Otherwise, you won’t know which bets stand the best chance of winning.
2. Bet on Your Favorite Esports Teams
Knowing the strengths of each eSports squad is just as important as knowing the strengths of the teams you’re betting on. After all, how will you know if the betting website gives you fair odds if you have no idea about the history of the esports team you are placing a bet on?
Fortunately, the marketable situation has leveled off in recent years, and now there are only a few teams that consistently have a better chance of winning. Bet confidently on legends like Astralis, Fnatic, SK Telecom T1, Cloud9, and Faze Clan, who have all established themselves as reliable betting options.
However, don’t get too excited just yet; esports betting is known for its high degree of uncertainty.
3. Know the Best Players
Even though games like League of Legends, Counter-Strike: Global Offensive, and Overwatch are played on teams, it can be helpful to familiarize yourself with some of the top players in the industry. In recent years, legendary players like Marcelo “coldzera” David and Lee “Faker” Sang-hyeok have given game-changing performances for their respective teams.
In light of this, it may be a good idea to keep an eye on the actions of these players to help you place wagers with confidence. Moreover, you’ll know when not to place a bet on a star player if you notice they’ve been struggling recently or they’ve had a poor run of form.
4. Make Use of Live Betting on Esports
Always start by placing simple esports bets before a game. However, there’s much to enjoy about wagering on live esports if you feel more confident. If you choose to place a stake in esports after a game has begun, try making use of any differences between the actual game and the live odds.
The best approach to doing this is searching for esports betting websites like Parimatch that offer free live streaming. If you pay close attention to what’s happening on the screen and keep an eye on the odds, you might get lucky and be able to place your bets with a chance to change the price of their bets. This strategy can be tricky and take time but can pay off significantly.
5. Set and Stick to Your Betting Budget
Experienced bettors know the importance of setting good stakes and sticking to the plan. For starters, this will help them avoid indulging in the temptations of betting too much and placing bad bets when they’re nervous.
This technique is even more helpful in esports, which is often very unpredictable and makes you more vulnerable to sometimes losing than in the sports bets.
If you plan your budget thoughtfully, you’ll deal with the loss efficiently and keep on betting.
Esports are gradually becoming popular worldwide as more people watch and place bets on eSports. Furthermore, playing eSports is rapidly becoming a popular way people, especially youths, spend their free time.
In 2018, for example, there were more than 170 million regular esports viewers and over 222 million-odd bit viewers. In the same way, the market for betting on eSports grows every year.
Hopefully, this guide helped shed some light on eSports betting and how you can get the most out of wagering your money—all the best, mate!