The Rise of eSports Betting

[nitrobetting]

Esports have become one of the fastest rising betting markets in the world. There are several factors for this, including the advent of cryptocurrency in sports betting markets, which makes eSports betting something that every handicapper should check out. See below for the top factors that has led to the rise of eSports gambling along with its strong connection to crypto sportsbooks.

Esports Betting is on the Rise
It’s all about data
The issue with traditional sports, from both a bookmaker’s point of view and the point of view of a sports bettor, has to do with data. For example, data regarding what happens on a football field must first collate and then be distributed in a specific manner.

A running back that gallops for a 70 yard touchdown doesn’t consider missed tackles or some other strange occurrence during the run. All the data says is “70 yard TD” and that’s it. But in eSports, the data is not only instantaneous, but it’s exact.

For example, while checking out an eSports League of Legends match, the data regarding which team has won the game flows while the game is being played. Gamblers must look back to see what happened.

There are also plenty of games to choose from including League of Legends, Call of Duty, Dota 2, Valorant, King Pro, Rainbow Six, and Counterstrike CS:GO. The plethora of games is expanding.

eSports broadcast outlets are expanding
It’s becoming easier and easier to check out eSports matches. Twitch and YouTube both show esports matches live. Organizations like Riot Games, which runs League of Legends and Valorant, broadcasts matches on Twitch.TV.

The Call of Duty League, EA’s hope to replace the now defunct Overwatch League, broadcasts on both Twitch.TV and YouTube Gaming. The COD League has quickly become North America’s favorite league.

The Call of Duty League 2024 Championships begin this summer on June 11. Make sure to mark your calendars as EA is all in on the highest grossing video game of all time.

Read more→ https://nitrobetting.eu/guides/rise-esports-betting/

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[passwordnow]

Esports betting is rising thanks to the companies and platforms that have been making it strong due to the tournaments and higher prize pool that they're sponsoring. If it's not with these sponsors and platforms that have been investing into esports, there won't be any extension of it in the gambling scene. But since it has become competitive and we've got esports athletes and professionals as well, it's ideal for the gambling industry to have this acceptance of the esports industry to be part of the betting industry and merge them with it. Although some dark practice has been done in the past and who knows if there are still in existence, it's very likely that this $1B dollar industry for esports merges into the gambling industry is totally a lot. The contribution of the gaming scene and making it as a competitive industry have been attracting a lot of investors and with the help of the bookies sponsoring tournaments, teams and players, they're contributing to the growth of it just like what stake has been doing for every sport that they're sponsoring with.

[ralle14]

Speaking of data, it's also why esports betting has become interesting. At the start of the tournaments, the odds provider doesn't always provide the best odds, and you could find a few good opportunities to ride these teams before they become one of the favorites.

Regardless of the TOs multi-streaming to other platforms, the betting experience in terms of live betting isn't always the best due to the live matches being several minutes ahead while the broadcast is behind. In sports, you rarely see the streams behind by much, and most of the time it's usually less than a minute.

[Woodie]

Esports have become one of the fastest rising betting markets in the world. There are several factors for this, including the advent of cryptocurrency in sports betting markets, which makes eSports betting something that every handicapper should check out. See below for the top factors that has led to the rise of eSports gambling along with its strong connection to crypto sportsbooks.

Personally being a gamer I have known esports from my gaming community and a because I do play some of these games too , but the real game changer was when gambling companies have got into partnership deals with most of these esports teams which has really given the sport some real visibility and marketing platform for both parties which is a win win...and for some reason I wonder why the partnerships has to do with crypto sports bookies but they really have made their mark...

[danherbias07]

I played Country Strike before the old school one which is 1.3 and I can say I was hooked to it for like 5 years of my life. We also play betting games 3x3 where the loser will pay the rent for the computer shop and then another $2 for each player. But now, I rarely play it and I like MMORPG more than it.
Still, from that moment I can say there are a lot of skilled players especially now where some players are making it their careers.
It's cool that they added CS:Go in betting platforms because this will somehow minimize the illegal ways of betting and maybe it could provide more funds for the game and more players will try to get better at it because more money is coming in.
I think this is just the start of the booming industry. Very soon there will be more good games that will come out with the technology growing.

[joeperry]

It's no surprise that eSports betting are getting popular now, especially for online games which now have a million dollar winning prize. I do place bets in eSports leagues for more than a year now and there's really a lot of professional gamers in different game leagues. Though there's only few games are known such as Dota 2, CS:GO, Valorant but I've seen there are some other eSports like Mortal Kombat, Rocket League, etc. that was also available but was not that popular to gamblers.

[angrybirdy]

It's no surprise that eSports betting are getting popular now, especially for online games which now have a million dollar winning prize. I do place bets in eSports leagues for more than a year now and there's really a lot of professional gamers in different game leagues. Though there's only few games are known such as Dota 2, CS:GO, Valorant but I've seen there are some other eSports like Mortal Kombat, Rocket League, etc. that was also available but was not that popular to gamblers.

Here in South east Asia, one of the well-known Esports Tournaments is Dota2, Valorant and Mobile legend, Especially now that the mobile legend tournament is more popular and the winning prize is really big because there are also many sponsors for them, it is no wonder that it will become more popular and this kind of Esports betting will expand even more because the tournaments are still going on now. One of the Esports betting I've tried is the MLBB Asia tournament because I can relate more to that because I also play ML, and I enjoy it a lot because the match is interesting.

[Silberman]

Speaking of data, it's also why esports betting has become interesting. At the start of the tournaments, the odds provider doesn't always provide the best odds, and you could find a few good opportunities to ride these teams before they become one of the favorites.

Regardless of the TOs multi-streaming to other platforms, the betting experience in terms of live betting isn't always the best due to the live matches being several minutes ahead while the broadcast is behind. In sports, you rarely see the streams behind by much, and most of the time it's usually less than a minute.

This is the main attraction of esports if you ask me, teams are always changing and the updates on the games can change the meta dramatically, so a new version can be played in a completely different manner than the previous one, this makes it harder for casinos to give accurate odds to the matches, so someone that is really an expert on the video game and that is a decent gambler can make quite a bit of money with those matches.

[Porfirii]

The sports betting industry is growing, and they are targeting new segments via eSports (younger people, video game fans) and women's leagues (girls, feminists...) that historically did not fall into their target audience.

I don't mean that this is good or bad. It is what it is: they do not only attract clients in the present, but they also aim to secure clients for the future.

[sunsilk]

Speaking of data, it's also why esports betting has become interesting. At the start of the tournaments, the odds provider doesn't always provide the best odds, and you could find a few good opportunities to ride these teams before they become one of the favorites.

Regardless of the TOs multi-streaming to other platforms, the betting experience in terms of live betting isn't always the best due to the live matches being several minutes ahead while the broadcast is behind. In sports, you rarely see the streams behind by much, and most of the time it's usually less than a minute.

I agree, live betting isn't really that much and popular in esports because of what the bookies set so it's more of before the matches happen. And about the odds, it's also true that the providers don't give the best of it.

But, that's actually a good thing because if you've been a fan and player of these esports where you can also bet and you know and have the idea of the players and teams, it's an advantage for you as a bettor.

That's how I see it with my perspective if it's about the odds because you'll never know what will happen in a match because they're full of twists and clutches.

[Wind_FURY]

Esports betting is rising thanks to the companies and platforms that have been making it strong due to the tournaments and higher prize pool that they're sponsoring. If it's not with these sponsors and platforms that have been investing into esports, there won't be any extension of it in the gambling scene. But since it has become competitive and we've got esports athletes and professionals as well, it's ideal for the gambling industry to have this acceptance of the esports industry to be part of the betting industry and merge them with it. Although some dark practice has been done in the past and who knows if there are still in existence, it's very likely that this $1B dollar industry for esports merges into the gambling industry is totally a lot. The contribution of the gaming scene and making it as a competitive industry have been attracting a lot of investors and with the help of the bookies sponsoring tournaments, teams and players, they're contributing to the growth of it just like what stake has been doing for every sport that they're sponsoring with.

I believe not. The rising popularity of ESports Betting is more because of the growing audience/interest in Esports, which makes those companies like NVidia support and sponsor many tournaments. Those companies would not sponsor tournaments of different games if there was no audience, and no growth potential. They are also doing it for their own revenue and the advertisement of their company.

[Synchronice]

It was expected to see eSports betting rising. It's a new sport and as technology develops and becomes accessible for people, the more kids start playing video games at a very young age. Also, parents tend to buy a smartphone to their kids, to say roughly, to get red of them and this house lifestyle also makes kids physically very lazy, they don't want to play football, basketball and so on, they prefer to stay in their room and play Fortnite, PUBG, League Of Legends and similar games. So, it's expected to see that as young generation grows up, we will see a significant shift from real life sports to eSports.

[alani123]

I think right now we are experiencing the fall of eSports betting rather than the rise of it. Though 2019 to now so many good players resigned, became free agents or entire teams disbanded. It's ridiculous to see that for them there is better money in streaming rather than being in a team.

The sponsors and the gaming companies have reduced the money they invest in tournaments too much. Of course now there are more tournaments but the quality has reduced drastically along with the budget and the rewards. Many tournaments these days even don't have any rewards. The golden era was around 2013 to 2018 probably

[Wind_FURY]

I think right now we are experiencing the fall of eSports betting rather than the rise of it. Though 2019 to now so many good players resigned, became free agents or entire teams disbanded. It's ridiculous to see that for them there is better money in streaming rather than being in a team.

The sponsors and the gaming companies have reduced the money they invest in tournaments too much. Of course now there are more tournaments but the quality has reduced drastically along with the budget and the rewards. Many tournaments these days even don't have any rewards. The golden era was around 2013 to 2018 probably

But what has changed in the world of ESports after 2018? Did the interest from the public who are not committed gaming followers go down, causing companies to reduce their budget for sponsorships as well? Or was it the companies that slowly decreased their budget first, causing for events to gave less marketing and therefore a lesser audience?

I believe after 2018, many of the fans of what you call the "Golden Era" might have grown up and started to have jobs, and other commitments.

[Hispo]

I think right now we are experiencing the fall of eSports betting rather than the rise of it. Though 2019 to now so many good players resigned, became free agents or entire teams disbanded. It's ridiculous to see that for them there is better money in streaming rather than being in a team.

The sponsors and the gaming companies have reduced the money they invest in tournaments too much. Of course now there are more tournaments but the quality has reduced drastically along with the budget and the rewards. Many tournaments these days even don't have any rewards. The golden era was around 2013 to 2018 probably

I also recall there were many scandals among professional eSports players of Mobas and Battle royals. Cheating, match manipulation, the teams agreed to fix the matches for their own personal/economical benefit, among other things...
I have not followed too those tournaments since the got established, so I was not aware they had lost relevance in these lastest years. 

Perhaps, it is for the best, though... It could be better for the whole ecosystem of electronic sports to have many small tournaments rather than a few massive ones which centralize the whole sector.
This topic also makes me think and recall about a couple of electronic sports which got terminated by their own companies (because of the lack of attention and popularity): Heroes of the storm by Activision-Blizzard and Artifact by Valve. Valve even offered a 1 million dollar bounty for artifact tournaments, in the end it was a dead game at arrival.

[alani123]

But what has changed in the world of ESports after 2018? Did the interest from the public who are not committed gaming followers go down, causing companies to reduce their budget for sponsorships as well? Or was it the companies that slowly decreased their budget first, causing for events to gave less marketing and therefore a lesser audience?

I believe after 2018, many of the fans of what you call the "Golden Era" might have grown up and started to have jobs, and other commitments.

Yes you make some valid points. eSports are not as timeless as other sports. You may still good some interest in your 30s, say 40s? But further? It would be hard. Plus many of the stars got really bored and started hating how stressful competitive gaming is.

But I think the real issue was that it was all make-believe. eSports were getting huge funding while not being profitable. The companies making the games were pushing it a lot and on top of that there were tons of sponsors. The economy of eSpoets had yet to find balance. I think some leagues continue to have funding issues and the payment for teams has been reduced drastically. I wonder if most of them are still profitable though. They come and go too fast these days. It seems as if even the best teams depend a lot on a handful of big sponsors that they might have been doomed without.

[wheelz1200]

I haven't really ever got into exports betting or even watched it.  I can just see so much collusion and corruption if there is big money on any particular game I can see these players being easy to buy.  With corruption huge in all of sports this seems to be one that I can't bet into.  Has there been any serious documented thrown games in eSports?

[ralle14]

I haven't really ever got into exports betting or even watched it.  I can just see so much collusion and corruption if there is big money on any particular game I can see these players being easy to buy.  With corruption huge in all of sports this seems to be one that I can't bet into.  Has there been any serious documented thrown games in eSports?

There were a few cases(Dota, LoL, etc.) and luckily some players got away with a slap on the wrist. It's the same with most sports where it happens in the lower leagues because the prize pool is so low they're making more through fixing matches.

I think right now we are experiencing the fall of eSports betting rather than the rise of it. Though 2019 to now so many good players resigned, became free agents or entire teams disbanded. It's ridiculous to see that for them there is better money in streaming rather than being in a team.

I agree, these past few years, sustainability has become an issue for most of the orgs and it's why we're seeing them drop their whole squad or move to another region to reduce the cost.

[joeperry]

I haven't really ever got into exports betting or even watched it.  I can just see so much collusion and corruption if there is big money on any particular game I can see these players being easy to buy.  With corruption huge in all of sports this seems to be one that I can't bet into.  Has there been any serious documented thrown games in eSports?

There were a few cases(Dota, LoL, etc.) and luckily some players got away with a slap on the wrist. It's the same with most sports where it happens in the lower leagues because the prize pool is so low they're making more through fixing matches.

Yes it happens sometimes in the lower leagues due to the lower prize pool but in bigger events such as in Dota 2 and CS:GO, I think throwing is an option because of really high prize pools. Though there are some documented cheatings in bigger tournaments such as player using scripts or hacks to take advantage in the game.

That's why I only place bets on bigger and major events rather than normal leagues or qualification matches in lower leagues.

[dothebeats]

A lot of people still don't consider esports as something serious because they are still into the mindset that traditional sports are far superior and should be the only one to bet on. Little do these people know that esports have already caught on in terms of viewership and sponsorships from huge companies, and it's only a matter of time before it becomes bigger than it is right now.

Dota 2, CS:GO, and LoL tournaments are the only recognizable esports games for a lot of people today. This is quite understandable because these games are the staple for esports for a long time. There are other games out there like Valorant and Starcraft that aren't receiving the same support because most of the money funnels into the three games above, and there isn't a huge market for the latter games just yet when it comes to esports betting. Hopefully in the near future it grows into something like the big three, but at least there is a start in the gambling scene for these games right now.

I think right now we are experiencing the fall of eSports betting rather than the rise of it. Though 2019 to now so many good players resigned, became free agents or entire teams disbanded. It's ridiculous to see that for them there is better money in streaming rather than being in a team.

The sponsors and the gaming companies have reduced the money they invest in tournaments too much. Of course now there are more tournaments but the quality has reduced drastically along with the budget and the rewards. Many tournaments these days even don't have any rewards. The golden era was around 2013 to 2018 probably

You can also blame the organizations and the tournament bodies themselves with such a decline in the esports scene. Most of them have resorted to greed, and only a small portion of the profits from these events actually go into the pockets of players. Even I as a player would surely be demotivated if this is what's happening in the scene wherein I spent hundreds if not thousands of hours just to be good at.