Esports betting is quickly becoming one of the hottest trends in the sports-betting industry. Esports betting involves betting on the outcomes of competitive video gaming events and tournaments. For those who may be new to esports betting, it can seem a bit overwhelming at first. But don’t worry – we’ve got you covered! This article will take you through the basics of how to get started with esports betting, including what to look for when selecting an online sportsbook, how to understand odds and lines, and how to make your first bet. Get ready to dive into the world of esports betting – it’s sure to be a thrilling ride!
What is esports betting?
Esports betting is a form of wagering that involves placing a bet on the outcome of an esports match. Esports is a form of competition that is facilitated by video games and other digital platforms, and bets on esports matches can be placed on various different outcomes, such as which team will win, how many rounds will be played, etc.
The global esports betting market is estimated to be worth over $8 billion as of 2020, and with the industry continuing to grow at a rapid pace, it is likely that this figure will only increase in the coming years. With so much money up for grabs, it is no wonder that more and more people are getting interested in esports betting.
If you’re thinking about getting started with esports betting, then there are a few things you need to know. In this article, we’ll give you a crash course in everything you need to know about esports betting, from the basics of how it works to where you can find the best odds.
The different types of esports bets
There are many different types of esports bets available for you to choose from. Here is a list of the most popular types of esports bets:
1. Moneyline Bet – This is the most basic type of bet where you simply pick who you think will win the match.
2. Point Spread Bet – In this type of bet, the odds makers will assign a point spread to each team. You then have to pick which team will cover the spread.
3. Total Points Bet – This is a bet on how many total points will be scored in the match. You can either bet over or under the set line.
4. Future Bet – A wager on a future event is an example of a future bet. This could be predicting the winner of the next world championship before the competition has even begun.
How to find the best esports betting sites
There are a few things to look for when finding the best esports betting sites. The first is whether the site offers bets on the games you’re interested in. Not all sites offer bets on all games, so it’s important to find one that offers bets on the games you’re interested in.
Another thing to look for is whether the site has good odds. Some sites have better odds than others, so it’s worth shopping around to find the best odds.
Finally, it’s also worth checking out the customer support offered by the site. Some sites are better than others at offering customer support, so it’s worth checking this out before you place any bets.
What to look for in an esports betting site
When it comes to finding the right esports betting site, there are a few key things to look for. First and foremost, you want to make sure that the site is reputable and has a good track record. There are a lot of fly-by-night operations out there, and you don’t want to end up getting scammed.
The next thing to look for is whether or not the site offers odds on the types of matches you’re interested in betting on. Not all sites offer odds on every single match, so it’s important to find one that covers the games you’re looking to bet on.
Finally, you’ll want to make sure that the site has good customer service. If you have any problems with your account or your bets, you’ll want to be able to get in touch with someone who can help you out. A good customer service team can make all the difference when it comes to enjoying your betting experience.
How to place an esports bet
There are a few things to keep in mind when placing an esports bet. First, know the different types of bets that can be placed. There are three main types of bets: moneyline, map, and series.
Moneyline bets are the simplest type of bet, and involve betting on which team will win a match. Map bets involve betting on which team will win a particular map within a match. Series bets involve betting on which team will win a best-of-three or best-of-five match series.
Once you know the different types of bets that can be placed, research the teams and players involved in the match or series you want to bet on. Look at statistics and form to try and get an idea of which team is more likely to win.
When you’re ready to place a bet, find a reputable sportsbook that offers esports betting. Make sure you understand the terms and conditions of the site before placing any money down. Once you’re happy with everything, choose your desired bet type and enter your stake. Then all that’s left to do is sit back and watch the action unfold!
Common mistakes made when betting on esports
When it comes to betting on esports, there are a few common mistakes that are made time and time again. If you’re new to the world of esports betting, then it’s important to be aware of these mistakes so that you can avoid making them yourself.
One of the most common mistakes is not doing your research before placing a bet. With so many different games and tournaments taking place all the time, it’s impossible to keep up with everything that’s going on. As a result, many people place bets without really knowing anything about the teams or players involved. This is a surefire way to lose money.
Another mistake that’s often made is failing to shop around for the best odds. There are a lot of different bookmakers out there offering esports markets, and the odds can vary significantly from one to another. It pays to shop around and find the best odds before placing your bet.
Finally, another mistake that people make when betting on esports is not managing their bankroll properly. Esports bets can be very volatile, and it’s easy to get caught up in the excitement and bet more than you can afford to lose. It’s important to set aside a budget for your betting activities and stick to it strictly.
Esports betting can be an exciting and rewarding way to engage with the world of esports. Whether you are just starting out or a seasoned veteran, understanding the basics is essential for success. We hope that our guide on how to get started with esports betting has given you all the information you need to make informed decisions when it comes time to place your bets. Good luck and have fun!