eSports has gained massive popularity in the last 10 years.
That has brought some groundbreaking innovations to online betting. As the world of competitive gaming grows, so does the interest around placing bets on games and players. Gone are the days of eSports betting being a little-known area of the betting industry. Brand new avenues are being laid out, and bettors are offered a fresh and interactive alternative to traditional sports betting!
The Growth of Esports Betting
eSports betting skyrocketed — courtesy of global gaming events, brand sponsorships, and streaming services like Twitch, YouTube gaming & live events. Brand new books & eSports-specialist books are offering odds on pretty much any game that a gamer could get into. Hence, it has never been easier for video gamers to put in a bet for themselves.
According to a report, the Global eSports Betting Market is expected to grow from 0.51 billion in 2024 and is projected to grow to USD 2.41 billion by 2033, at a CAGR of 18.5% during the forecast period. Factors such as a steadily growing audience, increasing brand investment in advertising and sponsorship, rising number of professional players and growing urbanization have contributed to the growth of the eSports sector.
Most Popular Esports Games to Bet On
The most popular esports to watch and bet on include:
League of Legends (LoL) — One of the most-viewed Esports titles in existence. Major tournaments like the World Championship have made it one of the most exciting to bet on.
Counter-Strike: Global Offensive (CS: GO) — The game has high stakes, and the competitive betting scenes give you plenty of opportunities.
Dota 2 — Features either the first or second largest prize pools on the planet. It’s the International, the biggest tournament. Attracts major betting every single year.
Call of Duty (CoD) — Call of Duty League is starting to pick up, making it one to watch as an Esports bettor.
Valorant — The newest title from Riot Games that has already built a loyal following and dedicated betting markets.
Tips for Getting Started with Esports Betting
Do your homework: Read up on the players, teams, and past event performances before you make your picks.
Watch live streams: Provides transparency and understanding of the betting market.
Manage your bankroll: Avoid betting too much or betting on games that you don’t follow. This can be a ‘Bankroll Eater’ for newbies.
Only bet on legit books: Make sure the site you use is safe and licensed.
Esports betting is the future of online sports betting, & its growth phase has just begun!