Did you know that recent data from MarketInsight Reports revealed that the global marketplace for eSports wagering is expected to grow 13.1% per year between 2020 and 2025? Consequently, the data suggests the global eSports betting industry could be worth over $13 billion by 2025. For a more comprehensive analysis, read on further here.
There’s a vast range of eSports gaming tournaments out there: you can check out the five most famous eSports tournaments staged worldwide, according to owayo.co.uk, on this link. Naturally, the number of sportsbooks that now offer odds on eSports events is rising month-on-month, to cater to the growing demographic of eSports spectators. The stature of eSports is grander than ever, with popular titles such as Counter-Strike: Global Offensive and DOTA 2 holding tournaments across the globe.
Such is the demand that there are now portals to compare the most popular regulated US sportsbooks, such as Winners.net, which even helpfully outlines features such as the competitive welcome bonuses on offer from each respective betting site and ratings from users. For example, the number one listed bookmaker is presently Bet365, which has various betting markets established for upcoming eSports tournaments. Bet365, for instance, places PSG.LGD as the odds-on favorites, staked at +200, to win DOTA 2: The International in early October. For further information, click here.
Once you’re familiar with the right sportsbooks that suit your eSports passions, it’s important to understand how the eSports betting markets work before parting with your hard-earned cash. Read on as we explore the most popular eSports bet types, as well as some of the most popular game-specific bet types too.
Typical eSports Betting Markets
Let’s look at some of the most common eSports betting markets available pre-match and in-play too. The ‘Group of Winner’ market is a popular one, which enables bettors to wager on the group which will contain a tournament’s outright winner. This is often an effective futures bet, enabling eSports enthusiasts to use their knowledge to get value odds before a single game has been played.
Handicap betting is also commonplace in eSports betting. A sportsbook will set a margin, giving the underdog team or athlete a predetermined advantage, for instance, three rounds ahead before the match begins. It’s your job to bet on whether the underdog can avoid losing by more than three rounds.
Over/Under betting markets also offer an excellent opportunity for eSports enthusiasts to find value bets from the leading sportsbooks. Sportsbook traders will set a benchmark statistic for a relevant game. It could be total kills or even the combined score of both teams. It’s your job to decide whether the actual number will be over or under this benchmark.
It’s also possible to get even more creative with “exotic” betting markets that would be considered prop bets in conventional sports betting. Wagering on the next “Map Winner” or the team that scores “First Blood” are wagers particularly commonplace on games such as Counter-Strike: Global Offensive, DOTA 2, and League of Legends.
Game-specific eSports Betting Markets
The sportsbooks that dedicate time and energy to their eSports markets will also offer game-specific lines for customers to wager on. Take the League of Legends markets as a prime example, with the ability to wager on the “First Dragon or Baron”, meaning the team which kills the first Dragon or Baron. In Counter-Strike: Global Offensive, you can wager on knife rounds and bet on the team to score the first kill. In this game, you can also wager on “Overtime”, if you think a certain Counter-Strike: Global Offensive map will require extended action.
eSports is set to continue its meteoric rise in the years to come and will likely continue to grow in the sports betting markets, also. Watch out for a truly spectacular ascension.