What Is Esports Betting?

Esports betting is becoming more and more popular, but what is it? In this post, we’ll give you a quick rundown of what esports betting is, how it works, and some of the most popular games to bet on.

What is Esports?

Esports is a form of competitive video gaming. The first esports tournaments were held in the 1970s, but the activity didn’t gain much popularity until the 1990s. Esports betting is a relatively new phenomenon, only coming into existence in the last few years.

A Brief History of Esports

Esports betting is the act of placing a bet on the outcome of an esports match or tournament. Esports betting markets are available on a range of different games, including Counter-Strike: Global Offensive (CS:GO), Dota 2, League of Legends (LoL) and more.

The first recorded esports bet was placed in South Korea in 1998, on a game called Starcraft. Since then, the industry has grown exponentially, with esports bets being placed all over the world on a variety of different games.

The global esports betting market is estimated to be worth over $8 billion USD in 2020, with the majority of bets being placed on CS:GO, Dota 2 and LoL.

If you’re thinking about placing an esports bet, there are a few things you need to know first. In this article, we’ll give you a brief history of esports betting and some tips on how to get started.

The Rise of Esports Betting

The popularity of esports has been on the rise in recent years, and with it has come the rise of esports betting.

Most people are familiar with traditional sports betting, where you wager on the outcome of a sporting event. Esports betting works in much the same way, except that you’re betting on the outcome of an esports match.

There are a number of different factors to consider when placing an esports bet, such as the teams involved, the format of the match, and the game being played. But once you understand how it works, placing an esports bet is relatively simple.

The Rise of Esports Betting
The popularity of esports has been on the rise in recent years, and with it has come the rise of esports betting. Most people are familiar with traditional sports betting, where you wager on the outcome of a sporting event. Esports betting works in much the same way, except that you’re betting on…

How Does Esports Betting Work?

Esports betting is a type of gambling that involves placing a bet on the outcome of an esports match. Esports betting is similar to traditional sports betting, but the odds are usually lower and the games are much faster paced. Many people enjoy esports betting because it is a more exciting and interactive way to gamble.

Types of Esports Bets

The types of bets you can make on esports events vary depending on the bookmaker, but there are some common types of bets that are offered by most bookmakers.

Betting on the winner of an event is the most common type of bet, and this is usually done by betting on the team or player that you think will win the event. betting odds will be shown as either fractions (e.g. 1/5) or decimals (e.g. 1.20), and you can calculate how much you stand to win by multiplying your stake by the odds. For example, if you bet €10 at odds of 1/5, you will win €2 if your team wins.

Betting on the winner is also known as ‘moneyline betting’ or ‘fractional betting’.

Some bookmakers also offer bets on other aspects of an event, such as who will reach the final, what round a team will be eliminated in or how many maps will be played in a match. These are known as ‘special bets’ or ‘prop bets’.

You can also bet on who will win each map in a match, and this is known as ‘map betting’. Map betting is often offered for first-person shooter games such as Counter-Strike: Global Offensive and Halo.

Another popular type of bet is live betting, which allows you to bet on an event while it is taking place. Live betting odds change constantly as the event unfolds, so there is plenty of opportunity to make some profits if you know what you’re doing.

Odds and Payouts

If you’re used to betting on traditional sports, then the world of esports betting may seem a little confusing at first. However, once you understand the basics, it’s really not that different. In this article, we’re going to take a look at how esports betting works and what you need to know in order to get started.

Just like with traditional sports, when you bet on esports you will be presented with a set of odds for each potential outcome. These odds represent the probability of that particular outcome occurring, as well as the potential return on investment (ROI) if your bet is successful.

For example, let’s say that you want to bet on the outcome of an upcoming match between two professional League of Legends teams. The odds might look something like this:

Team A: 2.00
Team B: 1.80

In this instance, Team A is seen as the favorite to win (represented by the lower number), while Team B is seen as the underdog (represented by the higher number). If you were to bet $100 on Team A and they won the match, then you would receive a total payout of $200 ($100 stake + $100 winnings). However, if you were to bet $100 on Team B and they won the match, then you would receive a total payout of $180 ($100 stake + $80 winnings).

As you can see from this example, betting on the favorite will usually result in a smaller payout if your bet is successful, while betting on the underdog will usually result in a larger payout. Of course, this also means that there is more risk involved when betting on an underdog since their chances of winning are usually lower.

Where Can I Bet on Esports?

Licensed Esports Betting Sites

###1. Betway
accepts bets on CS:GO, Dota 2, League of Legends, and more. They also offer live betting on some matches. Recently they’ve added a “Bet Your Way” feature which allows you to create your own bets on matches.

###2. Arcanebet
like Betway, accepts bets on CS:GO, Dota 2, League of Legends, and more. They offer live betting and have a wide range of markets for each match. They also have an extensive “esports library” with articles and guides for bettors.

###3. Buff88
is a new site that is focusing exclusively on esports betting. They currently accept bets on CS:GO, Dota 2, League of Legends, Overwatch, and more. They offer live betting and have a wide range of markets for each match.

Unlicensed Esports Betting Sites

There are a number of esports betting sites that are not licensed by the UK Gambling Commission. These sites may be based in other countries where gambling laws are less stringent, or they may not be regulated at all. While you can bet on esports at these sites, it’s important to be aware of the risks involved.

If you choose to bet at an unlicensed site, you will not have the same protections as you would at a licensed site. For example, if you have a problem with an unlicensed site, there is no dispute resolution process that you can follow. Additionally, unlicensed sites may not follow responsible gambling practices, such as ensuring that minors are not allowed to bet.

Before you decide to bet at an unlicensed site, it’s important to do your research and make sure that the site is reputable. There are a number of resources that can help you determine whether a betting site is safe and trustworthy, such as reviews from other users.

If you do choose to bet at an unlicensed site, it’s important to be aware of the risks involved and take measures to protect yourself. For example, only bet with money that you can afford to lose, and don’t chase your losses if you start to have a run of bad luck.

Is Esports Betting Legal?

Esports betting is the act of wagering on the outcome of an esports match. It is a form of online gambling that has seen a surge in popularity in recent years. With the rise of esports, betting on these matches has become more commonplace. But is esports betting legal? Let’s take a look.

United States

In the United States, there is no federal law that explicitly addresses the legality of online gambling and esports betting. At the same time, there is no federal law that makes it illegal. This leaves the question up to individual states to decide if they want to allow online gambling and esports betting within their borders.

So far, only a handful of states have passed laws that specifically mention esports betting. These states are Nevada, New Jersey, Pennsylvania and Rhode Island. In each of these states, there is at least one licensed casino that offers esports betting. There are also a few US-based bookmakers that offer esports betting without being licensed by any state.

The rest of the states have either not passed any laws specifically addressing online gambling or esports betting, or they have passed laws that make it clear that these activities are illegal. Examples of such states include Alabama, Alaska, Arizona, Arkansas and Colorado.

This means that, in most US states, you can legally bet on esports if you find an offshore bookmaker that accepts American players. You can also bet on esports at some land-based casinos if you happen to be in one of the four states where this activity is specifically legal.

United Kingdom

In the United Kingdom, esports betting is considered legal. The Gambling Act 2005 covers all gambling activities in the country, including esports betting. However, there are some regulations that bookmakers and operators must adhere to in order to obtain a license from the UK Gambling Commission. These regulations include ensuring that games are fair and transparent, and that players are protected from gambling addiction.

Canada

In Canada, there is no federal law that explicitly addresses esports betting. However, this does not mean that esports betting is necessarily legal in all parts of the country. Provincial and territorial laws may apply, and these can vary from one jurisdiction to another.

As a general rule, it is unlikely that any provincial or territorial laws would outright prohibit esports betting. However, there may be some restrictions in place, such as limits on the types of bets that can be placed or who can place bets.

It is always advisable to check with your local authorities to ensure that you are Aboriginal compliant before placing any bets on esports matches.

Conclusion

So, what is esports betting? Simply put, it is the act of wagering on the outcome of an esports match. Just like with traditional sports betting, there are a variety of factors that can affect the odds of a particular match, such as the teams’ recent performance, map selection, and so on.