How Does E-Sports Gambling Work?
Over the last few years, the profile of Esports has grown tremendously, and with it attracted a growing following of eager fans. More teams are registering their participation in an ever-increasing line of online gaming matches and tournaments.
Following these tournaments has become even more interesting to a growing number of fans. They get to see new teams blow away experienced rivals, witness the drama between team members where some get benched or even kicked out of the team entirely; more importantly perhaps, fans can engage in Esports gambling, and with it make some money and add a little thrill to the entire experience.
If you would like to join in on the fan and learn everything about how Esports betting works then you have come to the right place. Here’s a comprehensive description of what you need to know about Esports gambling, and how it works.
What Is Esports?
Simply put, Esports revolve around professional players participating in multiplayer video games to entertain fans and ultimately win prizes. Over the last few years a number of popular video game titles have been added to the already existing offering.
To determine the outcome, Rivalry tournaments and matches take a variety of formats including best of one, best of three, best of five and best of seven. Bettors then have to choose the most favorable bet as per the findings of their research.
In comparison to other sports where the betting landscape is well established, Esports betting is in its infancy. Only a few major betting operators offer bettors the opportunity to bet on these events. There are also a few small specialized betting operators offering Esports betting only.
It’s worth noting that bettors can only bet with these established operators if Esports betting is allowed in their country; otherwise they are forced to go with smaller operators offering loopholes to the laws in force. Since such operators are in contravention of the law, their activities cannot be regulated; bettors who choose to place their bets with them open themselves up to all sorts of fraud.
Esports Gambling Regulation
Match fixing is not unheard of in the Esports betting world. However, even in the industry’s infancy, important steps have been made to ensure that this practice is identified as early as possible and investigated appropriately, before any stakeholders lose their money/investment unfairly.
To ensure that Esports gambling is fair and free from any sort of cheating or match fixing, the Esports Integrity Coalition (ESIC) is tasked with the work of policing tournaments. ESIC has the power to stop Esports tournaments and games and conduct investigations to uncover any match fixing schemes.
To ensure that the organization can pick up on any abnormal betting action, ESIC maintains close contact with the top Esports betting operators. This essentially makes them an intermediary between all the top betting operators. Any of the operators can point out any improper conduct they see their competitors engaging in with respect to betting on individual matches and tournaments.
To ensure that it has the necessary resources and support to conduct free and fair investigations ESIC has a memorandum of understanding with the Nevada Gaming Control Board and the Maltese Gaming Authority. These organizations can under this agreement provide support to ESIC investigations, or where necessary provide oversight of its actions. It’s also worth noting that the organization has an existing information sharing agreement with the UK Gambling Commission.
As you can see, Esports betting has all the necessary foundations to beat match fixing and with it, ensure that all bettors have a fair chance in placing winning bets.
Important Facts to Note
Now that you have an idea of how the Esports betting landscape is set up, let’s take a look at some of the important facts you should have in mind before making your first bet.
Types of Esports Bets
Esports betting operators formulate their odds based on the available bet types. It is then up to the bettor to figure out which bet appeals to them the most.
Esports betting is centered on tournament or match winner bets. This means that participants can pick the team that they think will win the match or tournament as a whole; with the latter being associated with longer odds. Here is a list of different types of Esports bets.
In this type of bet, bettors simply bet on the team that they think will win a match outright, referred to as match winner betting. These bets have a faster payout as matches only last a short while as compared to tournaments.
These bets are a riskier variation of match winner bets due to the fact that they are designed to lengthen the odds, and with it provide higher payouts.
Correct Score Bets
These are among the additions to Esports betting. In these bets, bettors are required to correctly predict final score of the match.
Specialist bets are specific to Esports betting and make following matches all the more interesting. They are also generally known to provide faster payouts. Great examples are map winner, first to ten kills and first to draw blood bets.
Esports Betting Tips
To improve their chances of making winning bets, Esports betting enthusiasts have to conduct some research and make informed betting decisions. Use the tips below to increase your chances of making well-informed bets.
Successful Esports teams that have been around for a while are usually the favorites in the best quoted for any given tournament or match. However, they are best avoided as they provide minimal rewards. Favorites are also at risk of being trounced by unknown teams that have better players.
Bettors should also consider avoiding newcomers as there is no data to base their research on. As such, backing them is more or less guesswork
Changes to Team Members
Teams that have changed their membership roster before a given tournament are unpredictable, and hence expose the bettor to unnecessary risk. You are better off suited to waiting to see how new players bed in and contribute towards the team’s performance before betting on them.
Esports betting is relatively new, however its growing popularity shows that it’s here to stay. If you wish to engage in Esports betting, the above information will act as a great foundation to learning more about the new, but interesting markets on available.