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We get lower returns, but the bet is considered better by the sportsbook offering it. Just like in every other sport, race and novelty category people place real money bets on, a variety of factors such as your knowledge of the teams playing, their skill levels, quirks, individual strengths and weaknesses and even favouritism influence your final decision as to which outcome is the better bet.
While many other esports guides and websites often advise to always simply bet on the value bet every time, we stress the importance of taking the time to research the aforementioned factors before placing your wagers. For example, in our aforementioned example we may have decided to bet on Team Immunity based on a downward slump experienced by Team Athletico in several matches prior to the tournament we are betting on.
Before we dive into those factors in more detail with links to our dedicated guides and database of player and team profiles for esports bettors to utilise, we want to break down the types of bets you will see offered at online sportsbooks for our favourite esports titles.
The basic straightforward match winner bet option is often the only betting market open on our favourite eSports games, but every game has slightly different types of special wagers unique to its style of gameplay. Many sportsbooks are still playing catch-up when it comes to offering more exotic and varied wagering options, but thankfully there are several types of these other bets we can place on eSports, as detailed below.
These are the main betting markets available in the majority of eSports video games at Internet and mobile sportsbooks. These are more exotic types of betting markets available in multiple eSports video games at online and mobile sportsbooks. Popular examples of game-specific bets at Internet and mobile sportsbooks:. All licensed and regulated online sportbooks have a variety of globally trusted banking methods to deposit money to bet on esports and withdraw any potential winnings safely.
Visit our guide linked in this section for more in-depth information on the best deposit methods for esports betting in your country and currency. It may sound absurd, but there is an alarming rate of casual eSports fans jumping straight into placing bets without sufficient knowledge of the game in question.
Sign up to BetOnline , one of our top recommended esports betting sites for both beginners and experienced bettors, to get your exclusive welcome sign-up bonus and have a punt on CS:GO, Dota 2, League of Legends, Overwatch and more games. Home How to bet on eSports: Understanding odds and markets. The following table is geo-targeted to only display bookies available to you Best beginner's esports betting sites. Visit Betway Betway Review.
Visit Sports Sportsbook Review. Visit Arcanebet ArcaneBet Review. King of Mobile! Full Terms. Put your foot on the gas! Nitrogen No account needed! Visit Nitrogen Nitrogen Review. How did it begin? Valve games, Counter Strike: Global Offensive and Dota 2, the second and third most popular esports behind League of Legends , have highly liquid real money economies using in-game aesthetics termed skins, which fans began to use for gambling on esports.
Nearly all the skins gambling sites were operating illegally, rarely doing any requisite Know Your Customer KYC compliance to ensure the customer is in a legal jurisdiction and over 18, had little to no Anti-Money Laundering AML controls, and certainly no gambling license. Although the illegal skins sites did not directly make the transition to regulated esports betting, they were a key step in the process.
The advantage of those sites is they were totally unregulated. You could build one and get it up and running in 30 days. A regulated gambling site takes a year if you move quick. As a consequence, we saw effectively nobody switch. However, the companies making regulated esports specific betting products took product and marketing cues from those sites as they serve the same customer base.
That unregulated market kicked off regulated wagering on esports. At one point, before it was shut down, the skins betting market was an estimated ten times bigger than the regulated esports betting market. Without the skins betting market its unlikely esports betting would have taken off as quickly, and then when it eventually got shut down by regulators it created a big wave into regulated esports betting.
This created much of the opportunity we are discussing in this article. Like a lot of new tech, it starts off in the unregulated side before it matures. Now in esports betting is one of the most exciting categories in the regulated gambling industry. Even more so when combined with a U. With new game titles constantly being released, and an ever-increasing population of esports fans, the trend is clear. The current options available for esports fans to bet with is varied. You have legacy sportsbooks with an esports offering, purist esports sportsbooks sites, crypto betting offerings, and still some illegal skins betting sites.
The challenge and opportunity as I see it is not attracting the gambler to bet on esports, but rather attracting and onboarding the esports fan. What appeals to a year-old esports fan that has less experience with betting is different from what is currently being offered to a year-old football fan. Similar to any traditional service being offered to a new generation requiring a major user experience overhaul as financial tech has.
The exciting thing is that the code has not been cracked, and the room for innovation is vast. Online gambling has spent more than 20 years focused on traditional sports. Converting brick and mortar bettors to online ones. Over that period gambling regulation has evolved, sports fans have aged, and the market has become relatively saturated with operators.