eSports Betting: All You Need To Know

Just like eSports, eSports betting is quickly becoming popular too. So, if you are into esports but suck at most games – and you still want to make money, READ ON…

What used to be a casual time pass now has millions of followers all around the world. The eSports industry is providing unprecedented growth to not only the players but fans as well. Yes, we are talking about betting in esports and how it is evolving.

So, for all the fans out there, this article will bring to you the basics of betting, top eSports betting sites, trends in the industry, and much more.

eSports Betting For Starters

The betting scene in eSports may seem very attractive and lucrative. However, we advise all our readers to be extra cautious before placing the bets. This especially goes for all the starters out there – read the terms and conditions of the website you are choosing. Start with lower numbers and gradually move towards bigger bets.

Top eSports Betting Sites

There are hundreds of websites falling under the category. We will recommend the top 3.

#1- Loot.bet

#2- Bet365 

#3- Betwayesports

What Is Esportbook And How To Choose Them Wisely?

eSportsbook can be referred to as a place when you make bets in eSports. Generally, the websites mentioned above are examples of these books.

As a rule of thumb, always look for an answer to the following questions.

1- What kind of bets can you place?

2- How much are they charging?

3- Is the site trustworthy?

4- The type of promotions they offer?

Top betting sites will always satisfy you with their answers to the above questions.

Is eSports Betting Illegal?

There is no Yes or No answer to this question. Betting rules are different for different countries. In some cases, these rules may be different for each state within a country. So, you must consult with your local authorities, check on their websites, and, if needed, consult a lawyer to know more about betting laws in your country.

The reason why is it so important is some countries have imposed strict laws on betting, and doing that in their jurisdiction can result in a hefty fine or even some time in prison.

What Is The Minimum Age Requirement?

Again, there is no one answer to this question. eSports betting USA allows anyone who is above 18 years of age to bet online. However, things are different in Europe. So, the bottom line is, it all depends on where you are in the world.

Nevada becomes the first state to allow eSports league betting although New Jersey held a one-time test on the platform but failed to legalize it.
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— SportsbookReview (@SBRreview) March 31, 2020

Method Of Payment

Unlike traditional betting, eSports accepts a variety of payment methods. It depends upon the site you choose as esportbook. Some of the standard methods include

1- Master/Visa or any other card

2- Digital currencies like BitCoin

3- Direct deposits

4- Online transfers

5- Cash deposits

Some Worth-Noticing Facts

Betting in esports is a new trend, which is quickly gaining popularity. It is attached to the eSports itself, and we can safely say that as eSports continue to make headways, betting in this industry is only going to go up. Here are some exciting facts on betting in gaming.

1- Over 1 million players are already making money from eSports

2- It is a $20 billion industry (and growing).

3- 61% of betting in gaming happens in Asia – With Korea being the dominant player.

4- Betting in gaming in USA consists contributes 23% 

Conclusion:

The betting scene in the esports is still young, but the interest of the public is overwhelming. And by this trend, we can safely predict that the future of betting in esports is good.

Do you bet? What is the max you have won? Share your experience in the comments below.