Esports Betting: How Is It Different from Traditional Sports Betting?

Esports has transformed from a niche adventure to a major international phenomenon in the last two decades. As esports keeps strengthening its position, it offers you a wide range of esports tournaments. As a bettor, you can focus on Counter-Strike, Fortnite, League of Legends, Dota 2, or many other video games. You will then join a tournament that looks the most promising to you.

How can you place a bet at ? Let’s go over your esports betting adventure.

Differences between Esports Betting and Traditional Sports Betting

Esports betting operates similarly to traditional sports betting. Depending on the game and the tournament, you can bet on well-established gaming leagues or individual players. The most striking difference is related to the types of bets you can place in esports betting.

Betting with Real Money

Similar to traditional sports betting, you can place real money bets on esports events of different complexity. Depending on the betting site, you can bet using standard international currencies, including crypto. It won’t be an exaggeration to name the following bets as the most popular ones:

  • Outrights/moneylines mean betting on the winner of a match or a whole event.
  • Totals mean betting on the final number of scores hit during the esports event.
  • Proposition bets mean betting on esports events that are related to the point totals or winning.
  • Handicap betting means betting on the odds set between teams by adding extra conditions to the bet.
  • Accumulator bets (parlay/multi bets) involve several bets together, including teams in two different branches of a tournament, both winning.

There are even more types of bets to choose from. Depending on the selected game and the bookie, you will pick the most suitable option.

Betting with Skins and Other Cosmetics

Item and skin betting make up the most crucial difference between traditional and esports betting. The latter allows you to bet with either in-game items or cosmetic alterations instead of currencies. Like traditional products, in-game cosmetics demonstrate value because of their uniqueness and social reputation. While they may look trivial at first, items and skins may have high values reaching hundreds of dollars.

Skins can be purchased and sold via the video game sales marketplace like Steam, private online skin exchanges, as well as other esports gambling sites. Once traded, skins and items can also be transformed into crypto and traditional currencies.

Please mind that not all games offer items and skins for betting purposes. In other words, not all games have cosmetics that could be traded. Skin trading occurs most frequently in groups of video shooters and multiplier fighting arenas. These include Counter-Strike: Global Offensive, Leagues of Legends, Dota 2, and so on

Picking a Video Game to Bet On

Since esports keeps growing and strengthening its positions throughout the years, you have a lot of choices. Before you start, you should think about what kind of game you are interested in. Don’t rush with your decision. You need to research the available tournaments, leagues, teams, and players when forming your betting strategy. Make sure to answer all the right questions beforehand. How soft or hard is the betting market? How difficult or easy is the market to bet on? How many people are betting against you?

If you decide to focus on CSGO, you will join a million-community with its annual competition, The International. You should be ready for quite a bit of competition. You can still benefit from tricky markets by establishing a solid betting strategy.

Final Thoughts on Esports Betting

The esports industry happens to be an exciting new goal for bettors. You have a wide range of video games to choose from, each with its own particular types of bets, as well as variations in market strength and weakness.

Getting into esports betting can be a tough adventure filled with challenges. But taking the leap now can bring you solid profits in the future. Join a good bookmaker and learn all you need to know to succeed in your esports betting experiences.

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