With a viewership of over 400 million people, and a rise in the number of eSport gaming teams and players across the globe, eSport betting is growing fast. In fact, the 2020 betting turnover on eSport games was expected to reach $12.9 billion, making it a lucrative place to place bets.
For betters, eSports betting is similar to traditional sports betting, making it easier to understand and participate, even with little or no experience.
eSports is booming! What started with a few prize tournaments for a handful of gamers has evolved into a billion-dollar industry, and bettors are loving it.
In this guide, you will learn what eSports betting is, how it works, and what the most popular games are you can bet on.
When it comes to eSports betting, there are three common types of betting.
- Real money betting – This is where you can bet on eSports by picking the tournament, event, or match, place your eSport bet and then, wait for the results
- Fantasy betting – Just like in other sports, eSports bets have fantasy betting platforms. Here, you choose your players or eSports beams based on how well you anticipate them performing
- Item and skin betting – When it comes to skin betting, you will use a virtual currency that can be transferred between players. In eSports games, the term ‘skin’ refers to virtual items such as gear that changes the appearance of a player’s avatar. It also includes weapons and equipment. A lot of these items can be transferred between players with some of them having a high value and can be auctioned or traded.
No matter what kind of betting you decide to engage in, it’s recommended that you carry out research or have some sort of familiarity with the eSport games and teams you plan to wager on.
What is eSports?
“What is eSports?” is becoming an increasingly common question in the betting and sports world.
eSports betting is emerging as a new field that bettors are gaining interest in, with many betting sites having to accommodate this new age of sports betting.
In the last few years, sports have transitioned from being primarily a physical endeavor to one that can also be practiced digitally. This has led to an increase in the number of eSports games and teams.
But what exactly is eSports?
eSports is the short form of the term ‘Electronic Sports’ which involves competitive, organized video gaming.
In the past, most video games were played as a leisurely pass time, usually in the comfort of one’s home. Now, however, competitors from different leagues and teams face off in eSports games that are popular with at-home gamers.
To compete, all these players and teams need is a working console or computer, stable Internet, and the necessary skill set to win big at their eSports game of choice.
Biggest eSports Games (You Can Bet on)
Before starting to bet on eSports, it’s important to know what the games are that you place wagers on.
eSports games range from team-oriented multiplayer battle arenas (MOBAs) to survival battle royales, single-player games and even, virtual versions of physical sports such as football and basketball.
The first two games that were recognized as the first real eSports were Starcraft (and Starcraft II) and Defense of the Ancients 2, commonly known as DOTA 2. Over time, many other games emerged.
In the betting market, the top eSports games are the most favorable (and recommended) choices. The value of these games is determined by various factors such as playability, spectatorship/viewability, and the ecosystems that support the game. The most important factor, however, is the popularity of the game.
Popular top eSports games you can bet on include:
League of Legends
League of Legends (LOL) is a team-based strategy game where two teams of five powerful champions face off to destroy the other’s base. Players work with their team to break the enemy Nexus before the enemy team breaks theirs. League of Legends is a complex game that involves both high-level strategy and fast-paced gameplay. Skilled players know how to beat the opponent in front of them while keeping the macro-elements in mind to support their team to victory.
DOTA 2 is a multiplayer online battle arena (MOBA) eSports game played in matches between two teams of five players, with each team occupying and defending their own separate base on the map. The goal of the game is to destroy the other team’s ‘Ancient’, a large structure located within their base, which is considered their most important asset.
Counter-Strike Global Offensive.
Counter-Strike: Global Offensive (CS:GO) is a multiplayer first-person shooter game. In the game, two teams (Terrorists and Counter-Terrorists) are pitched against each other in different objective-based game modes
Starcraft revolves around three intelligent species fighting for dominance in a distant part of the Milky Way galaxy, known as the Koprulu Sector.
Call of Duty
Call of Duty is a first-person shooter game based on a world-war-like setting, with teams taking up the role of different countries, and in most cases, fighting against other teams or against terrorists.
King of Glory
King of Glory, also known as Honor of Kings is a mobile multiplayer online battle arena (MOBA) game inspired by League of Legends. In the game, players control a character with unique abilities to kill non-player characters and opponents to gain experience and gold, which unlocks their character’s abilities or increases their powers. Players in teams coordinate to knock down the enemy’s defensive structures known as ‘Turrets’, and the best team wins when they destroy the opposing team’s core building.
For all the eSports games listed above, it’s important to research the teams playing before placing your bet. This will help you to understand the odds of each team winning, and increase your chances of winning your bets.
eSports Odds Explained
eSports odds serve two purposes: they give you an idea of how likely each eSport game outcome is and they show you how much you stand to win.
The higher the odds, the lower the chance of winning your bet but the bigger your payout will be if you do.
For instance, on the 1xBet eSports betting platform shown above, the betting odds are shown under the columns marked ‘1’ and ‘2’.
If you would place a $200 bet on the Damwon Gaming and FunPlus Phoenix game, then you stand a chance to cash out $400 if Damwon Gaming wins, and $354 if FunPlus Phoenix wins. This is calculated as Stake x Odds = Potential Returns.
How to Bet on eSports on 1xbet
1xBet has plenty of eSports games to bet on, listed on the “ESPORTS’ page. The leading crypto-only betting provider enables you to place bets using a range of cryptocurrencies, including Bitcoin, Ether, Litecoin, Dogecoin, and others.
To bet on eSports on the 1xBet site, follow the steps below;
- Head to the 1xBet homepage and click on ‘register.’
- Fill in your details, taking note of your account number and password.
- Click on ‘eSports’, and choose to bet on a ‘pre-match’ where you will be waging for future games or a ‘live match,’ which is currently being played.
In both instances, you will bet on your favorite team, and also consider their odds of winning. To place your wager, click on ‘Place a bet.
1xBet is a market-leading sport betting platform that allows you to bet with all popular cryptocurrencies. The allows anonymous betting without having to submit your private information or financial details, making it a secure betting platform for users across the globe. Additionally, funds are credited almost instantly to your personal crypto wallet once you request a withdrawal. No unnecessary processing times or delays!
From the 17th of September to the 17th of October, 1xBet is holding the ‘Battle for the Aegis.’ This eSports betting tournament will be dedicated to DOTA 2 for all bettors to bet on eSports with a total of 1 BTC, free bets, and bonus points to be won. To participate, head over to the tournament page to sign up.