eSports has seen incredible growth over the last several years, drawing millions of fans who participate and bet on events, providing new opportunities to the iGaming industry.
Esports have evolved from small groups of friends organizing LAN parties for video game tournaments into an official network of professional gaming tournaments, becoming more mainstream over time and likely becoming an accepted form of gambling as well.
eSports are a form of entertainment
Esports betting is an entertainment form enjoyed by people of all ages; however, its appeal among younger adults who typically play PC gaming is especially strong. As a result, this betting category has experienced incredible growth over the last several years and it is expected to expand further over time.
Moneyline betting in esports is the primary form of wager, which involves placing a bet on which team you think will win a match. There are also map spread bets which involve betting on specific events occurring during a match (e.g. number of kills achieved by players).
As esports becomes more mainstream, we can anticipate seeing closer collaboration between betting platforms and game developers – this allows betting features to be integrated directly into games so users can make informed decisions using data.
They are a form of competition
Betting on multiplayer video games may seem like an idle diversion to some, but professional tournaments with life-altering stakes have grown into serious business. These events are known as electronic sports or eSports and betting is integral to their success.
Betting on eSports can be just like betting on traditional sporting events; all it requires is picking which team will win and placing your bet. Parlays also allow for multiple bets on one event that could yield larger returns.
Social and challenge betting in eSports can take several forms, while marketplace betting may involve betting on in-game items or marketplace items – although its size remains uncertain.
They are a form of gambling
eSports betting is a form of gambling in which people place bets on the outcome of video games using real cash or virtual items known as skins; skins typically are worthless to players but can be traded in for real cash or used as currency in casino-style games.
Players can place bets on individual matches or an entire tournament. Live bets allow them to place bets on events in progress such as who will kill an opponent or destroy a building next. Furthermore, parlays increase payouts.
The eSports industry faces numerous obstacles, from responsible gambling initiatives and supporting vulnerable individuals at risk of addiction, to technological innovations and cultivating an environment conducive to responsible gambling – both of which will ensure players remain safe while at the same time enabling it to expand and prosper.
They are a form of sports betting
Esports betting provides bettors with numerous ways to bet on games. Some bets resemble traditional sports bets like odds/even bets and totals, while other bets based on in-game happenings can offer high potential payouts.
Bets on the outright winner of tournaments are an increasingly popular form of wager. Placed well before an event begins and often with favorable odds attached, this bet offers a quick way to jump in early on the action and capitalize. Depending on its complexity, this bet may come with some risk, but can provide an easy entryway into early play-off action.
eSports betting market can be broken down into two primary areas: cash and skin/item gambling. With cash gambling, players use fiat currency or virtual items to place bets on events and receive rewards if they win; this allows betting operators to offer more games to attract a wider audience while giving developers the ability to monetize their games.