E-sports is a booming industry with a rapidly growing fan base and an ever-changing landscape of online casinos. If there are so many available choices, it can be hard to figure out where you should commence. But the good news is that this guide will give you all the information you need to become a successful player or gambler in e-sports betting!
E-sports betting is sometimes seen as a complicated industry. With online casino terms and jargon like “counters” (betting on the winning team), “tilt” (when you are unprofessionally angry, agitated or frustrated), “screenshotting” (when you take a picture of your bets), and “smurfing” (where multiple people open accounts in one IP address) being used quite often, it can be hard to understand.
However, this is just a way of describing different aspects of the industry. It’s not necessary for you to know all the details of online casinos, but it’s important that you know at least the basics.
In this guide, we’ll discuss the basics of betting on e-sports, how to get started, and pitfalls to avoid.
Table of Contents
1. E-sports betting is a very fast-growing industry
E-sports is one of the fastest-growing industries in the entertainment world. With an audience of over 1.1 billion people and an estimated worth of over 7983.2 million in 2019, it’s no surprise that so many people have taken an interest in teams and players. This has led to some exciting markets, such as the market for which players will win medals at major tournaments such as CSGO, WoW, LOL and FIFA.
2. There are many different types of e-sports betting available
Perhaps the most important thing to understand when you’re starting with an online casino is that there are a lot of different ways to bet. The most common is match winner bets and handicap bets, but people have bet on the best player or even on the number of kills during an individual game.
This can be perplexing, but it is not. If you’re doing it right, it will look like this:
Your bet: Fnatic at +0.5 map handicap
What this means: Fnatic needs to win 1 of the 2 maps with a total margin of at least 1.5 maps in their favor. A win by 0-2 or 2-0 would be considered a push instead of a win, which means that there is no profit or loss for you if they lose by 2-1 or 1-2.
3. Learning how to bet is pretty straightforward
As we mentioned before, it’s important that you understand the basics of betting. If you know how it works, each online casino will have a slightly different way of calculating winnings and losses, but as long as you stick to a basic approach, there shouldn’t be many problems. Remember that your goal should be to increase your bankroll to wager larger amounts in the future.
4. Don’t feel pressured to bet big
The only real reason to bet big is to try and win a bigger profit. If you want to play the long game, which means safely building up your bankroll until you’re ready to play more, it is important that you don’t focus solely on the short-term profits.
When choosing whom you’re going to bet on, think about your budget. Are you sure you’re willing to bet a lot? Are you confident that the bookie is trustworthy? If your answer is no to either of these, it’s probably a good idea to keep your wagers smaller.
5. There are different types of bets you can place
There are two main ways you can place a bet: the market and the betting line. Understanding which one is best for you will help you get as much money as possible out of what little money that you do have.
A bet on the market is a gamble on the outcome of an event. This is the most popular type of betting and the easiest to understand. On sporting events like football or basketball, this is asking, “who will win?”.
Betting on a betting line is something different. It’s similar to betting on blackjack or roulette because you’re not betting on who will win – you’re betting that a team or player will cover their spread (or handicap).
6. You have to understand betting lines and how they work
Betting lines are often long and difficult to decipher – you’ll need to look at the margin, the odds, when the bet will be settled, whether it’s a winner or loser bet and more. These can make betting a little confusing at online casinos at first, but if you take your time and look into each of them, it’s easy to see what they mean.
7. You need to pay attention to odds
It’s the odds that make the market, and it’s why they’re so important. Odds are a number that bettors use to determine how much a wager will yield. For example, if you bet $100 on Player A to win and give you 10/1 odds, you will walk away with $1000 if your prediction is correct.
8. You should be aware of your limits
You should always know how much you can bet before you make a wager. This means having a plan before you place your bet. You should also gamble at online casinos with money that you’re willing to lose because betting isn’t for everyone. If you aren’t ready for the possibility of losing your wagered funds, it’s best to take a pass on the gambling altogether.
9. You can’t win if you don’t bet
You might be thinking that all this information is a lot of information, but the truth is that you’ll only be a winner if you bet. It’s a good idea to ask everyone in your circle about their betting habits so that you can get an idea of what goes on when they place their bets.
10. Betting is fun but it can be risky
There’s a risk every time you bet because there’s always a chance that you won’t win. However, if you do your homework and keep these ten tips in mind, you’ll be able to keep your bets safe and secure. Remember to always protect yourself by not betting more than you can comfortably afford to lose. It’s the only way of enjoying online gambling at online casinos without financial loss.
E-sports betting is a lot like any other type of online gambling at online casinos. You’re going to be placing bets to try and win money, and you have to be smart about how you do it. That means making sure that you stick to safe wagers when it’s appropriate and remember that your bankroll will grow over time as you successfully use your strategy.
The best thing is that the industry is still developing. As more people get involved, we’ll see more types of markets arise for potential gamblers such as yourself!