Whether you’re a hardcore fan of the NBA or a passionate European soccer player, you’ve probably wondered what it would be like to place a wager on your favorite sport. Thanks to the ever-growing world of esports, however, betting on sports is now a reality. Here’s how you can benefit from this exciting new world and make the most of it while having fun!
All You Need Is A Computer And An Internet Connection
To start, you’ll need to familiarize yourself with how esports work, what the differences are between esports and traditional sports, and how to place bets on them. Luckily, we’ve got you covered on the last point. Here’s how you can place bets on esports using one of the many online betting companies designed for gamers.
All you need to do is register an account with the bookmaker of your choice. Then, you’ll be asked to enter a few details about yourself, including your email address and password. Once you’ve done that, you’ll be able to access your account and start placing bets. Keep in mind: Not all bookmakers will allow you to place bets on esports, so it’s important to check before you register.
From there, it’s just a matter of following the instructions and using the tools at your disposal to place winning bets.
The Major Differences Between Esports and Traditional Sports
Now that you’re equipped with the basics of betting on esports, you can start to see the big difference between placing bets on traditional sports and esports. For starters, and most importantly, esports does not require you to have any prior knowledge of the sport or team involved in the competition. This is in stark contrast to most traditional sports, which require you to have knowledge of the teams and the leagues involved.
For example, if you want to bet on the New York Knicks this year, you’ll need to have some idea of what team is going to play and win games. But with esports, you don’t need to know a thing about basketball to be able to place a bet on your favorite team, which in this case is the Los Angeles Lakers.
As for the betting itself, while there are similarities, it’s mostly done via digital currencies these days. In the past, people used to place bets on traditional sports by either putting money on the counter or offering something else, such as a pint of beer or a piece of chocolate. Thanks to blockchain and its underlying technology, the digital currencies, or, more commonly, tokens, these days casinos use cutting-edge technology to offer a safe and secure way to place bets without the need for third parties.
The Growing Niche Of Esports
If you’ve been away from the gaming world for a while, you might not know exactly what all the hubbub is about. After all, esports was just something that existed in the periphery of your gaming experience, something that the occasional YouTuber would talk about or show glimpses of at games conventions.
Thanks to the ever-growing popularity of esports and Twitch, however, the world of gaming has descended into what’s sometimes referred to as the “esportage”. This is a blend of esports and traditional sports, and it’s the perfect breeding ground for innovators, entrepreneurs, and early investors who want to get in on the ground floor of something big.
The amount of money being invested in esports is increasing year after year, and this year is looking to continue that trend. According to a report by Newzoo, the global esports market value will hit $183 billion by next year.
With such rapid growth comes opportunity, and that’s why it’s essential to stay informed of the latest trends and developments in esports as a competitive market. Don’t just settle for reading about it in passing. Make sure you keep up-to-date on the latest news, stats, and details about your favorite esports teams, players, and tournaments.
The Importance Of Research And Preparation
As was the case with any new or emerging niche market, the ins and outs of esports are always going to change. This is especially true when it comes to sports betting, as the industry is still in its infancy and uncharted waters when it comes to understanding and anticipating how markets will fluctuate and evolve over time. It’s a common pitfall for bettors to dive into esports without having done sufficient research or prepared properly.
A lot of this preparation comes down to gathering as much information as possible about the sport and the teams and players involved. For instance, are they experienced at making big money bets? What’s their winning percentage? What are their betting tendencies? How are they regarded in the industry?
Unfortunately, many sports bettors miss out on the opportunity to prepare properly because they don’t want to admit that they don’t know everything about a particular sport. This often leads them to “going with their gut”, which, in turn, often leads them to losing money. Even if you think you have a good feeling about a particular team or player, doing your research and getting as much information as possible will still give you the best shot at coming out on top.
The Growth Of Esports In India
India is a country that’s always been associated with esports and competitive gaming, and it’s a nation that’s well-known for its avid gamers. Thanks to the incredible growth of mobile devices and the internet in general in the country, as well as the rapidly expanding influence of Korean culture, the popularity of esports in India is rising as well.
The number of people participating in esports in some way or another in India is anticipated to hit 5.5 million by next year. That’s almost 10% of the total world population. To give you some idea of how big esports in India can be, the total prize pool for this year alone is anticipated to reach almost $25 million. This makes it the third-largest country in terms of esports participants after China and USA.
One of the major factors driving the growth of esports in India is the increasing number of wealthy individuals and companies looking to get in on the action. Thanks to the booming stock market and the country’s increasing affluence, many individuals and companies in India have the money to invest in esports. Plus, with so much of the country’s population connecting online via mobile devices, livestreaming video games in real-time is becoming a reality and a way of life.
As with any emerging industry, the potential for cheating and corruption is always a possibility. This is why it’s so important to keep your eye on the industry’s governing bodies, as well as the various police agencies, as those are the people who will ultimately have to deal with cheating and corruption if it ever goes beyond a small level. In the world of esports, cheaters can ruin the reputation of legitimate teams and players, and make a mockery of all those who play by the rules. This is why it’s important to follow the rules and always play by the rules, as much as possible.
How To Place A Bet On Esports
Having discussed the fundamentals of sports betting and the differences between esports and traditional sports, we can now move on to how to place a bet on esports. From registering with a reputable bookmaker to gathering all the necessary information about your favorite teams and players, following a strict budget and being aware of the various laws and regulations that pertain to gambling, placing a bet on esports is quite simple. But, as we’ve established, it’s still a world that’s new to many gamers and sports fans alike, so be sure to do your research before you get started.