Esports Betting in 2024

One of the newest crazes in the gambling world is eSports betting. Esports although got a relatively slow start when it was launched, gained a lot of recognition over the last few years and has only been on an upward spiral ever since then. Currently, the e-sport market globally is worth over $30 billion which makes it one of the most successful gaming markets.

In this detailed guide, we’ll explore the exciting world of eSports betting and cover everything you need to know to begin. Our team of experts who have extensive knowledge about the esports betting category will help you understand everything from different types of bets to how to choose the best eSports betting website.

So, whether you’re already a pro at eSports betting or just starting, join us on this journey to discover the ins and outs of eSports betting.

What is Esports?

Esports is short for electronic sports. As the name suggests, it can be considered a competitive form of video gaming. Here, people playing the same game are put against each other to play in a competition. Opponents from all around the world can play against each other.

In the past, the only way for a person to play with each other was to get together in real life. However, with the introduction of the internet and esports, finding opponents from across the world has become easier with just a click of a button.

The fan base is massive even though the esports are usually “under the radar”. However, even though esports cater to the same games that are played on the fields, the fan base is nowhere compared to traditional sports.

Most fans of football, tennis, soccer and are much more knowledgeable about esports but people outside it are not aware of it. If we look at the numbers, there are over One Billion people who play video games around the globe and this proves that video gaming is extremely popular amongst internet users.

Although solo gaming is what a lot of people enjoy, playing along with different online opponents has a thrill of its own.

All You Need To Know About eSports Betting

Betting on esports is fast. It is even faster than any other betting that is done on gambling websites. eSports was once an informal way of placing bets between friends or people who had the same interests, but it has now slowly become an industry that is worth hundreds of millions of dollars, and the stakes are very high.

Players from all around the world place their bets on different games. Here we will help you in finding the best esports betting websites.

Since the growth of esports has been huge in the past few years, there is always uncertainty that comes with the people who are genuinely interested in the events. Even if a person is familiar with the traditional way the game is played, betting on it comes as a completely new experience.

For the people who are absolute beginners to both the game and the betting, there is a fair chance that you might have numerous questions.

Selecting the right sportsbook can be a difficult task for people who are new to the esports betting scene. To know that the sportsbook is perfect for you, there is a list of questions that you should ask. These questions are:

• Is the website trustworthy?

• Are the prices for esports bets good?

• Does the website offer good promotional value?

What Casual Gamer and Professional Gamer Mean?

Casual gamers are the people who play these video games just for fun. Even if they enter competitions or tournaments, the only reason they are playing is for the fun of it. These casual tournaments are usually a small part of the esports scene.

Professional gamers are usually the ones who participate in professional video game tournaments and competitions. Yes, the professional gaming scene is a thing and it is massive. The competitions are cutthroat and the prize money can be worth millions of dollars. Casual gaming can compare nothing to professional esports events where the stakes are very high.

These events are so big that they gain an audience from all around the world and millions of gaming enthusiasts watch them live as well as stream online through various channels including YouTube and Twitch TV. Some of these games are also shown on big sports TV channels such as ESPN.

So, now you must have understood the grandeur of the professional esports scene. It is pretty big, and you can know more about it in the article below.

Best Esport Betting Sites Review

Here is the list of the best sites reviewed for Esports betting in India.

• Parimatch India review

• 1xBet India review

• Mostbet Review

Furthermore, you will also be able to find beginner-level betting tips and advanced-level advice for creating strategies and gameplays. You will also be able to access all our recommendations of the best esports betting websites with all the latest updates on the games and events that you should know.

With this guide, you will learn not only how to bet esports for fun but will also be able to gain some knowledge of the ways in which you can win some extra cash. You can scroll through the entire article and have a look at what information we have to offer or just click on one of the links below to get to the desired section.

How To Choose The Most Trustworthy eSports Site?

To find the most trustworthy eSports site online, you need to test some points. These tests include the following:

• The first test should always include the license test. You need to determine the jurisdiction that has issued the license to the sportsbook. Legitimate sportsbooks usually provide all the license information in the About Us section of just the footer of the website. Once you see the jurisdiction, do your own research on whether the website is showing the truth. A little Google search will be enough for you to understand whether the jurisdiction mentioned is suitable or not. Always check the other websites that also have the same jurisdiction license.

• The second test should be checking the comments of the real players. Social proof is the best way to see whether the website is safe. You can just do a quick social media search and see what kind of social media availability and customer services the website provides. Websites that are legitimate usually have a good social media presence and good customer service for solving customer complaints.

• The last test should be the experience that you have while using the website. Go to the website and experience the interface by yourself. You can make the minimum deposit and make the smallest bet available. If you find any problems while playing on the website, go to customer service and post these questions. See their replies and gauge your experience. If you don’t like it, leave the website and try out the new one. Make sure that you don’t provide any personal information to the provider.

Is eSports Betting Legal?

One of the questions that a lot of people have about betting on esports is whether it is legitimate or not. Since there have been some high-profile accusations of match-fixing in esports, there is a need to provide assurance to the players on the fairness of the games.

The factors that help in ensuring that e-sport betting is being done with fairness are as follows:

• The introduction of traditional sportsbooks in the scene: Traditional sportsbooks like bet365 are licensed by the authorities and hence they are much more legal in comparison to the other websites. These websites have their own resources that can help in fixing any issues regarding match-fixing or cheating in these esports tournaments.

• The increase in prize value: Since the price of the wager placed is huge, there is a smaller chance that the financial incentives will be used to fix the matches.

• Introduction of Regulations: As the number of bets increases in these games, regulations also increase substantially. Even though these regulations differ from tournament to tournament, they still can decrease the match-fixing and expose the match-fixers faster.

Bonuses Offered for Esports Players

Not only should you look at the prices offered by the sportsbooks but also the offers. Most websites offer a lot of different offers, especially to new players. These bonus offers can make a huge difference in the payouts and the wins that you make from your betting.

There are three common promotional offers that the esports betting website offer to new as well as regular players. They are:

• Free bets

• Deposit match-up bonuses

• VIP programs such as cashback or discounts

How to Place Bets on eSports Games?

The players need to realize that the quality and quantity of the bets placed can differ from one sportsbook to another.

One of the most common types of bets is match betting. This means that the users bet on the results of the events or the matches. Some of the best sportsbooks offering this bet is BC.Game, Bluechip, Fun88, and much more.

These websites offer options such as ‘in-play’ bets or ‘live’ bets which allow the users to bet on the events inside matches. In-play betting options are the most difficult to design and develop and hence not a lot of websites offer them in a wide range.

In addition to the quality, the users must also consider the quantity of the bets. ESportsbooks have different types and odds on different games and tournaments.

Bookmakers such as Betway and Bet365 are fast in increasing their betting quantities. However, some bookmakers such as Unibet, 888Sport, Mr Green, and Tipico are the ones that are more inclined to the wait-and-see approach.

You can find the updates on the old and new esports websites here. The table is updated regularly and has the best and most recent information for the users. 

Deposit Methods on eSports Betting Websites

For one to enjoy esports betting, the players must be able to deposit money in their accounts. There are many ways in which esports betting can be made which is like traditional sports bets. All the major deposit and withdrawal methods apply to esports betting as well.

Using Mastercard/Visa

Card deposits using Mastercard and Visa are two of the most common ways to make deposits for esports betting. Since the method is safe and easy, a lot of players like it for their deposit as well as withdrawal activities.

However, the downside is only for American Express cardholders in some places who are sometimes finding it difficult to make deposits through their credit cards. Different cards have different deposit and withdrawal limits which also must be adhered to.

Bitcoins as A deposit Method

Bitcoins are a good way of deposition money on sportsbooks. However, Bitcoins can only be used in some regions and not all the major sportsbooks allow bitcoin transfer for players. However, if you do some research, there are some smaller sportsbooks that do allow esports betting with BTC deposits and withdrawals.

Other Deposit Methods to Use on eSports Betting Sites

Apart from the methods given above, there are still some other methods that can be used to deposit money in a sportsbook account and use it for esports betting. These options are:

• E-wallets including Skrill and Neteller.

• ACH Transfers

• Wire Transfer from the user account.

• Money Transfers

• Cash deposits at land-based locations.

ESports Betting – Region-Wise Distribution

The data on esports betting is not clear and hence the exact distribution of betting according to the region can not be made. However, the places that show the most interest in esports are also the places where most of the esports participants come from.

Hence, the list of the major regions where esports betting is most common according to SuperDate sources are:

• Asia: 61%
• United States: 23%
• Europe: 12%
• Other Countries: 4%

Different Ways To Bet On eSports

Betting on esports events is simple but there are many ways in which you can choose to participate in these competitions. You can either be a direct part of these completions, choose to play them yourself or just bet on certain outcomes within the competitions. There are five major ways in which you can place your bets and they are:

• Traditional sportsbook betting

• Fantasy esports betting

• Betting on streamers

• Item betting

• Social betting

Traditional Sportsbook Betting

Traditional sportsbooks offer esports betting options for players. The traditional sportsbook offers to bet on a sportsbook just like you would do for a normal football or basketball match. You will be able to find some esports betting games on these traditional sportsbooks but the quantity, as well as the quality, differs greatly with each sportsbook.

• One of the advantages of placing your bets through traditional sportsbooks is that you can be assured of the credibility of the operator. The operators running these sportsbooks are legitimate and hence your bets go to the right people.

• The disadvantage that comes with betting on sportsbooks is that there are not many options to choose from when it comes to esports because most sportsbooks are still new to the whole esports scene. It will improve in the future but currently, the selection is poorer.

If you are looking for sportsbooks that can give you the best esports experience currently then check out Pinnacle and Bet365.

Social esports Betting

Social esports betting as the name suggests is the simple bets that are placed within a group of friends regarding the outcome of a small or big match. It can also include challenge bets between the individuals which means they have to compete for a wager.

• The advantage of social betting is that it is a fun and low-friction option of betting that also enhances the social experience.

• The disadvantage, however, is that this kind of betting has a small market. You will have to look for a friend who is interested in betting on the same thing you want to bet on and finding someone like that is tough. Constantly betting against each other can be bad for some friendships.

Since there is not much reliable data available regarding the size of the market, it is impossible to give accurate estimates. However, seeing the growth of the betting scene, it is safe to say that it is huge in size.

Item esports Betting

The name is a clear indicator of what this kind of betting is. Item betting is betting that is placed on in-game items. Even though it might seem a little difficult to understand this aspect of betting on esports items, there are a lot of people who actively participate and wager at high stakes.

The items betting usually does not involve any direct cash. Instead of cash, the wagers are placed in the form of in-game property or items such as weapons or armor or skill sets, and much more.

These items are then exchanged with a third party for cash. This sort of blurs the lines of the legality of the betting type.

• The major advantage of item betting is that it is easy to understand and practice and allows a person to get some money for the items they have won but have no use for.

• The disadvantage, however, is that there are no regulations on fair gameplay and the legality of the entire thing. It means that betting is usually risky.

Despite the betting being risky, it does garner a lot of attention even more than that of traditional sportsbook and fantasy betting combined. The players who bet on items don’t consider it as gambling. There are some restrictions on the kind of participants involved in some places and gambling gives a good opportunity to the players who have creatively played the game and won some extra items

Betting on Streamers

Streams are gamers who stream their gameplay on online channels such as Twitch or YouTube and a lot of people like to watch these streams. However, it is also possible to bet on these streamers. There are some new esports betting sites that have options where you can bet on the streamers.

So, how does this work? Well, it is simple, the e-sport betting website will have certain live streamers selected who will play and the betting odds will be changed according to the gameplay of these streamers. The website GG. Bet offers to bet on streamers and you can get a good idea of the entire situation here.

One of the biggest reasons people bet on streamers is because there is no limit on the number of odds or wagers that you can bet on, unlike the big esports tournaments. The website GG. Bet and others update the odds every 90 seconds which keeps the game even more interesting for the players.

Additionally, betting on streamers also lets you wager bigger amounts on different esports. So, instead of only being able to bet on bigger e-sport games such as League of Legends or Counter-strike which are team-based games, you can also bet on the gamers who are playing games such as Apex Legends and Fortnite.

Being able to bet on streamers does not mean that the popularity of traditional esports betting is going down. It just means that gaming fans will be able to enjoy more options. So, if you want to add a new dimension to your esports betting, it is a good option to bet on the streamers

Fantasy Esports Betting

Fantasy esports betting is a popular option amongst players in the United States. Gambling through sportsbooks is legally limited in the US and fantasy esports gets a little exemption by the UIGEA or Unlawful Internet Gambling Enforcement Act.

Unlike traditional betting where the players must look out for the outcome of the matches or certain events in the match, the fantasy genre is different than a fantasy team created by the opposite player. The fantasy team that performs the best is the one that wins the event.

Another major difference between fantasy and traditional sportsbook betting is that in fantasy betting the bets are placed against the other players as opposed to the house as done in traditional betting.

• The advantage of playing fantasy esports is that it can be legally accessed in the U.S. and Canada. League of Legends fantasy is covered extensively on DraftKings and some tournaments including Fantasy LCS and LoL Worlds.

• The disadvantage of fantasy esports betting can be the lack of options for playing fantasy esports.

FAQs

Is it Legal to bet eSports?

The legality of esports betting is a complicated matter. The ways to say that esports betting is legal or not differ from person to person. Esports betting is not illegal, but it might be illegal for you in your jurisdiction. If betting is not legal in your area or location, then the rules will similarly apply to the betting made on esport games

Is there any age limit to playing eSports or Betting?

Again, this question does not have a definite answer. The gambling age differs from jurisdiction to jurisdiction. The legal age to gamble may vary from country to country. There is also some website that defines their own age limit which is usually higher than the minimum age limit.

What is the size of current esports betting market?

What is the number of people betting on eSports?

As per the data of 2015, the total number of esports enthusiasts was 145 million and it was safe to assume that over 1 million players would have been wagering their money on these events. However, with the growth in the number of enthusiasts over the years, it is a surety that this number has seen substantial growth.