Esport betting is a type of gambling that allows you to bet on the outcome of professional video game matches. As well as it is similar to traditional sports betting, but instead of betting on teams like the New York Yankees or Los Angeles Lakers, you are betting on teams of professional gamers.
The global esport betting market is expected to grow from $12.27 billion in 2020 to $17.21 billion by 2025, according to a report from Grand View Research. And in the United States, the esport betting market is expected to grow from $26 million in 2020 to $96 million by 2025, according to a report from Eilers & Krejcik Gaming. So how does esport betting work? And what should you know before you start betting on esport matches? Here’s everything you need to know about esport betting.
How does esport betting work?
Just like with traditional sports betting, there are a variety of ways to bet on esport matches. So, the most common type of bet is a moneyline bet, which is a bet on which team will win the match. You guys can also bet on the total number of games that will be played in a match, as well as the spread, which is the number of games that a team is expected to win or lose by.
What types of esport bets are there?
In addition to moneyline bets, there are a variety of other types of esport bets that you can make. For example, you guys can bet on which team will win each individual game in a match. This is known as a game winner bet. You can also bet on the total number of kills that will be made in a match, as well as the first team to reach a certain number of kills. Another popular type of esport bet is a futures bet, which is a bet on which team will win a particular tournament or championship.
What should you know before you start betting on esport matches?
Before you start betting on esport matches, there are a few things you should keep in mind.
First, research the teams and players that you are thinking about betting on. Just like with traditional sports, some teams are better than others and some players are better than others.
Second, pay attention to the odds. The odds will give you an idea of how likely a particular team is to win a match.
Third, don’t bet more than you guys can afford to lose. Betting on esport matches can be a lot of fun, but it’s necessary to remember that it is still gambling and there is always the possibility that you will lose money.
Other Details on sports betting:
Generally, sports betting is the activity of predicting sports results and placing a wager on the outcome. Therefore, the frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, mixed martial arts and boxing at both the amateur and professional levels, American football, basketball, baseball, hockey, track cycling, auto racing, etc. Although sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as greyhound racing and illegal, horse racing, underground dog fighting.
Therefore, esport betting is essentially gambling on the outcome of professional video game matches that is growing in popularity globally. We hope this article was helpful if you have any query just share with us.