Welcome to another edition of How Does It Work, a series where we will answer questions relating to daily fantasy sports and betting in general. Let’s dive right into it.
How Does Betting in CS:GO Lounge Work?
The short answer to this question is that you place a wager on the game you are interested in watching, and if your wager is correct, you win. It’s rather simple. You might be wondering how this is different from simply watching the game and betting on the outcome. Well, it’s not. In fact, there are some slight differences between traditional betting and betting on games for entertainment purposes. For instance, if you place a wager on the game and miss, you lose the amount you wagered. However, if you were just to watch the game and place a wager on it, you would not lose the money you wagered as there are no misses with this method. Another key difference between the two is that in daily fantasy sports and betting, you are supposed to use real-life money to fund your accounts. That means you cannot use imaginary or made-up money to play with. Now, you might not want to play with real money, as paying out big winners is how most of these games operate. So, in most cases, you will use a credit card to make a deposit into your account and play with money that is much more manageable. Now that we’ve covered the theoretical side of betting, let’s get into the nitty-gritty of how exactly does it work in CS:GO Lounge.
How Do I Place A Wager On A CS:GO Game?
To place a wager on a Counter-Strike: Global Offensive game, you will need to log into your account and go to the “wager” section. From there, you will see a list of games that are currently being played. Click on the game you want to play and a pop-up menu will appear where you can choose the side you want to support. For simplicity, we will refer to these sides as Team A and Team B, but you can choose whichever side you want to bet on. Once you’ve made your selection, click on the “Place Bet” button and a menu will appear with options relating to how you want to fund your wager.
There are three methods you can use to fund your wager: credit card, PayPal, and bank transfer. For now, let’s discuss credit card financing as this is the most popular and simplest option. Once you’ve chosen that, the screen will refresh and the money will be deducted from your credit card.
Can I Use My Phone To Play?
Yes, you can use your phone to play. In fact, many people use their phones to access their accounts and place wagers because it’s so much easier to do so from your phone. You can download a dedicated app for any of the major mobile operating systems or use the web interface directly from your mobile browser. Plus, many sportsbooks offer an online app so you can place wagers from your phone even when you are away from your computer.
Now that you’re armed with the theoretical basics of betting, let’s move onto some of the more advanced concepts. If you want to learn more, take a look at our glossary for definitions of common terms used within this hobby.