Gaming and Gambling – The Growing World of eSports
Playing video games was once frowned upon. Today, however, playing video games is making some avid gamers rich. It has given rise to a vast and fast-growing industry of eSports.
The term ‘eSports’ refers to electronic sports, otherwise known as video games. However, a video game has to be competitive to qualify as an eSports – this means that the video game should pit two or more players/teams against each other with the ultimate goal of winning the ultimate prize.
A Billion-Dollar Industry
As mentioned, avid gamers are getting rich off the eSports industry. At the moment, the eSports industry is worth more than $1 billion.
The eSports industry makes its money via a variety of channels. The most obvious of these channels is the sale of gaming products and merchandise – it is estimated that the Electronic Arts (EA) franchise has sold products and merchandise worth more than $4 billion to date. Other revenues include game publisher fees, media rights, advertising, and sponsorship.
The eSports industry has been growing steadily over the years. Its size is expected to grow exponentially over the coming years, and this will be reflected in its revenue generation.
The Monetary Aspect of eSports – How You Can Make Money
Top gamers in the eSports industry take home millions of dollars in prizes for their exceptional skills behind the screen. Game developers also take home a pretty penny, as do all other affiliated parties, including marketers and advertisers. These are just some of the ways people are making money from the eSports industry.
You, too, can make money from the eSports industry by gambling on your favorite competitive video games.
There are dozens of tournaments and leagues in the eSports industry. The major ones include:
- The International Dota2 Championships
- Call of Duty Championship
- Halo World Championship
- Evolution Championship Series
- Major League Gaming
These leagues and tournaments take place throughout the year and provide numerous betting opportunities. Bettors can also wager on thousands of other smaller competitions – there is always an eSports competition taking place online on platforms such as YouTube and Twitch, so there are plenty of opportunities.
There are lots of betting markets and options in the eSports industry. Betting markets include the usual options, including picking the overall winner. There also are other more sophisticated options, thanks to the sophisticated and versatile nature of eSports. To this end, bettors can bet on a variety of scenarios, including which players collect most resources or draws the first blood, among other options.
eSports Betting Tips
Betting on eSports is easy once you learn the ropes, but it is markedly different from betting on real sports or wagering on casino games. It takes smarts, a good betting strategy, and some luck to win big on your eSports bets.
Here are expert tips on how to come up with a winning betting strategy for eSports:
- Understand the Landscape
The eSports landscape is vast and always changing by the minute. There are thousands of trending video games, which means that there are thousands of potential betting opportunities. Video games are unique and different, and while your betting strategy may work on some, it may fail with others.
Don’t go in blind – instead, take some time to understand the landscape first. You can get a lot on pointers by searching on Google or joining any of the many eSports betting forums. Know which games are easy to bet on and separate the winners from the losers.
- Understand the Odds
It is always important to understand the odds when doing any sort of gambling, luckily, odds in the eSports industry work the same way as in any other gambling market. You need to understand them, calculate them and come up with an accurate idea of the potential payout. It is important to keep in mind that odds in eSports bets are dynamic and thus always changing.
- Pick the Right Betting Site
eSports betting is fast catching up among betting sites. There are hundreds of betting sites that offer eSports betting options. Most of these markets do not give much attention to eSports, so the betting options may be limited. As a smart gambler, you should go for the most robust betting site with a lively eSports category to maximize your betting opportunities.
eSports is the sport of the future. The industry is growing exponentially and currently stands slightly above the $1 billion mark. Its betting market is also growing in popularity and size. Betting on eSports is easy, but it takes a winning strategy and in-depth know-how of how the market works. Keep a lookout for more guides!
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