When it comes to sports betting, chances are you’ve already tried your hand at it. Maybe you’ve even made some money from it, which is great! But if you’re looking to enter the betting world full-time, then it’s time to explore the various aspects of esports betting.
We spoke with Esports Odds Review (formerly known as esportsinsider.com), a betting syndication company that caters to esports fans, about how to start betting on esports events, and what items you should focus on buying if you want to hedge your bets successfully.
Study The Trends
The first and most crucial step to becoming a successful esports betting enthusiast is to study the trends. You’ll want to closely examine how profitable certain match-ups are and whether or not there are any long-term trends emerging. As a general rule of thumb, always bet on the underdogs. Trying to pick winning teams using popular or widely followed statistics, such as win rates or average goals scored, can lead you astray. Instead, look into the smaller statistical deviations within those stats to find the best odds available for the particular matchup you’re interested in.
A great way to get an edge in your betting is to analyze the trends. Knowing when to bet, and on what, can be half the battle. If you keep up with the trending stats and use reputable sources for the information, then you’ll be able to make smarter decisions about your wagers.
Do Your Research
One of the biggest mistakes new esports betting fans often make is going into the sportscraft.com rankings, looking for the highest possible rank for their favorite team, and then placing a bet on that team. Do your research first and find out where the best odds are before placing your bet. By doing so, you’ll ensure you’re getting the best possible outcome from your wager.
Make Sure You Follow The Right Rul
You’ll want to make sure you follow the right rules when betting on esports. The first and most crucial rule is to familiarize yourself with all of the rules governing esports betting. You should know what the terms and conditions are before getting started. Some of the most popular booksies, or betting exchanges, that you might encounter when playing online include:
- Bookmaker- (this is the most popularly used and easily accessible betting exchange from bet365.)
- Bets24.com- (a 24/7* betting exchange that also offers VR betting as well as in-play betting.)
- Betfair- (formerly known as Betfred.com)- (a betting exchange that also offers a casino.)
- Bettingzone.com- (a betting exchange that also allows you to place bets on events such as international football matches and motorbike races.)
- Intertops.com- (a sports betting operator that also offers a virtual reality casino and offers various payment methods including Bitcoin.)
- Matchbook.com- (a betting exchange that also offers a virtual reality casino and various payment methods.)
- William Hill- (a well-known bookmaker that offers esports betting, and various payment methods including Bitcoin.)
- Pinnacle- (a global betting operator that offers a virtual reality casino and various payment methods including Bitcoin.)
Categorize Your Predictions
No one factor, such as head-to-head record or previous performances, will ever be able to accurately predict the outcome of an esports game. This is where getting to know your chosen teams and understanding their strategies and individual plays comes in. When you have a clear picture in your mind of what is going on, it is much easier to predict the outcome accurately. When placing your bets, it is also vital to remember that any individual match-up, even if it seems to be an advantage at first glance, can be a losing proposition when the entire season is considered. The fact is, at any given moment, both teams might be playing well and it could be anyone’s game. A key component in creating a winning strategy is to assign each prediction to a category. You can do this by either considering the season as a whole and making a list of goals and targets or by breaking down each match individually and noting what you know about the two competing teams.
Make Sure You Read The T’s And C’s
If you’re new to esports betting, then it’s vital to read the terms and conditions of service before getting started. These guidelines will help ensure that your experience is as safe and sound as possible. Some of the key items to look out for include:
- The betting exchange’s rules (e.g., how bets are placed and resolved, minimum and maximum wagers, etc.)
- The bookmaker’s rules (e.g., how bets are placed and resolved, minimum and maximum wagers, etc.)
- The casino’s rules (e.g., how games are played and how wagers are placed and resolved, minimum and maximum wagers, etc.)
- The floor’s rules (e.g., how the match is played and how wagers are placed and resolved, etc.)
- The odds (this is important! Especially if you’re using a low-quality option such as a betting broker that doesn’t update odds regularly. You’ll want to make sure they are reputable and offer the best possible odds.)
- The time of day that the games are played (expect games played during the day to be more profitable than those played at night. Most bookmakers and casinos don’t offer night-time gaming because it’s less lucrative for them.)
- Whether or not you can bet on certain sports (e.g., all major American sports excluding football, basketball, and baseball, but you can definitely bet on European soccer, Australian rules football, and cricket.)
- Whether or not you can bet on certain events (e.g., major American sports excluding football, basketball, and baseball, but you can definitely bet on European soccer, Australian rules football, and cricket.)
- The currency you’ll be using (most bookmakers and casinos only accept major currencies such as USD, EUR, and GBP, but it’s perfectly acceptable to use Bitcoin to make a deposit and to fund your account. The only time you might run into an issue is if the Bitcoin amount is less than the required minimum to make the deposit. In this case, you might want to consider using a different currency or making a cash deposit instead.)
- Whether or not you’ll be able to access certain websites while betting (e.g., some gambling sites and online brokerages, which can be great for people who want to bet using their mobile device. However, make sure you check with the website’s terms and conditions before getting started. Sometimes these restrictions can hamper your ability to place winning wagers.)
Look Into The Past
As a lifelong sports fan, you’ll be excited to use your new-found expertise to bet on your favorite teams. But if you’re looking to place winning wagers frequently, then it’s important to remember that no one factor, such as head-to-head record or previous performances, will ever be able to accurately predict the outcome of an esports game. This is where getting to know your chosen teams and understanding their strategies and individual plays comes in. When you have a clear picture in your mind of what is going on, it is much easier to predict the outcome accurately. When placing your bets, it is also vital to remember that any individual match-up, even if it seems to be an advantage at first glance, can be a losing proposition when the entire season is considered. The fact is, at any given moment, both teams might be playing well and it could be anyone’s game. A key component in creating a winning strategy is to assign each prediction to a category. You can do this by either considering the season as a whole and making a list of goals and targets or by breaking down each match individually and noting what you know about the two competing teams.