How to bet on esports is a question that some novice gamblers ask themselves – and Google. This kind of sports is booming in both the number of players and viewership. These are accompanied by surging figures of sponsorships and overall prize pools. In fact, there are more than 2.2bn gamers worldwide and 5% of them are esports viewers. Sports betting is another market being disrupted by esports! Betmarkets wants to join the forefront of companies allowing the public to be exposed to them.
How to bet on esports
To begin with, we humbly ask for forgiveness for all the times we’ve written esports incorrectly as “eSports”. To testify for the increasing popularity of esports, the Associated Press Stylebook decided upon granting the word esports the same exclusion as the word email regarding the “-“ due to its common usage in the English language.
“The immense popularity of survival-based games like Fortnite, growing prize pools for eSports tournaments, the rise of live-streaming, and improving infrastructure for pro leagues have all paved the way for eSports to reach 300 million viewers by 2022, on par with NFL leadership today.” – Goldman Sachs’ research note
Esports are available everywhere
Another important difference from this sport to the traditional ones is that, in this case, one only needs an internet connection and a computer to practice from the comfort of his/her home whereas other sports require equipment and a place where everyone can practice together.
In addition, here you can practice indefinitely with enemies which skill level is previously defined by you up to a truly “super-human” level. You can also replay everything over and over and have a POV perspective of the professionals’ style of play in real-time in order to further improve your skills. As far as the online population is concerned, this might be one of the truly democratic sports to appear since skill is the most important factor in climbing the ranks!
Corporate buzz around esports
Sports betting on esports, or better, esports betting is a market that has been growing exponentially, along with the prize pools for the competitions. As an illustration, Epic Games – the creators of the world-famous Fortnite – has devoted $100mn for the prize pool alone in 2018-2019, almost the entire annual esports prize pool for all competitions in 2017. Several providers, such as Pinnacle, now start to consider esports as a main market alongside most traditional sports such as football, basketball and tennis.
If we shift our attention to betting providers that act with cryptocurrencies, this tendency is exacerbated; esports are already one of the main markets, if not THE main market. We believe this is all due to the demographics of the users as younger people tend to use cryptocurrencies more and devote more time and attention to videogames and, therefore, to esports. However, one should also note that the average age for gamers has been increasing steadily, and so does the disposable income that gamers have access to. The future seems bright for this market!
In fact, there are more than 2.2bn gamers worldwide and 5% of them are already esports viewers. It is then to no surprise that the most prominent investment banks, such as Citi and Goldman Sachs, have already devoted some attention to the development of esports as a market from the investment side of things.
What kind of esports are there and what particularities should you learn about to know how to bet on esports?
Type of esports
Esports comprises a diverse set of games and platforms and, more importantly, of types of games. The most common are multiplayer online battle arena (MOBA), real-time strategy (RTS) and first-person shooter (FPS), with survival/battle royale games becoming ever more popular in the last couple of years. Not sure if we should put them along with MOBA games since the number of people involved in the former at each time is a lot larger. Well, now the decision has been taken and we’ve left out these as a new category.
Other type of esports revolve around fighting, racing and digital collectible card games such as Hearthstone.
2018 esports ranking
According to Newzoo, the global esports economy is set to topple $1bn in 2019. From the same source, these are the Top10 games with the largest impact as of December 2018, when measured by the number of unique players worldwide:
- League of Legends
- Counter-Strike: Global Offensive
- Hearthstone: Heroes of Warcraft
- PLAYERUNKNOWN’S BATTLEGROUNDS
- Tom Clancy’s Rainbow Six: Siege
- World of Warcraft
- Grand Theft Auto V.
Focusing more on esports exclusively, there is one game that must be mentioned: Dota 2! Since 2014, it has been breaking the charts as far as prize pool is concerned. This game only had a prize pool of $17mn when the overall prize pool for esports was $37mn. Its prize pool has grown to $41mn as of 2018. Almost the sum of the two other games behind it in the leaderboard, Counter-Strike: Global Offensive and Fortnite!
Some particularities you ought to know
Like some traditional sports, there are particularities you should take into account when betting on esports. We’ll list some of them (plenty of room for expansion, though 😊 ) below:
- Technical glitch might render a certain map unusable. All bets are void in this case.
- Bets on “First Blood” do not take into account the initial damage dealt. Only the first “kill” counts.
- “Kills” can be caused by elements outside of the enemy team. These won’t count towards that specific bet.
- Outside intervention (either with purpose or not) might affect the outcome of the game (DDoS attacks, hacks, cheats, etc). All bets are void in this case.
- Teams might decide to forfeit some rounds in order to save money/credits for better equipment later in the game. They tend to be called as “eco” rounds. There, a team plays with only basic equipment and is almost sure to lose the round at this level. Bear this in mind when exposing yourself to Handicap betting.
Investing in esports through betting
We believe that esports will rapidly become a major betting market. This is due to the overall growth of the sport in both viewership and prize pools. Another cause is the ubiquity of video games in the lives of almost all young people! It is only logical for people to want to become exposed to its developments.
From today onwards, you can find on Betmarkets sports betting experts specialised in esports! Besides, our other experts have been able to beat the market given that, until the end of January, a portfolio equally-weighted amongst all our experts achieved a return of 4.40%! As with all investments, you should never be exposed to more risk than you can take, and you should diversify your investments through several assets.
Register now to gain €10 in bonus to invest until the end of this Beta version and start copying them. Bonus is withdrawn afterwards. You get to keep all profits as credit towards future profit-sharing fees. In the case of a loss, it’s all on us.