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Over the years, sports betting has gained popularity and solidified its mainstream status worldwide. Although losing is the trend for many, bettors still take the risk and invest in betting to make enormous money once they win.
But since early 2020, traditional sports leagues across the world have suspended their ongoing seasons amid the lockdowns mandated because of the COVID-19 pandemic. Although many have resumed playing, the need for social distancing increased, pushing sports associations to avoid having the audience inside stadiums and arenas.
Onsite betting and other forms of entertainment like casino games are digitized. Online betting has become the go-to for many bettors in recent months, and it’s becoming the norm in the industry for its convenience.
Despite the struggle that many industries faced amid the health crisis, the esports and game-streaming industry is one of the fastest-growing industries that thrived during the pandemic and is already taking the world by storm in recent years.
Rise of Esports
If you’re not familiar with esports, it is the competitive side of video games. Like traditional sports, there are different leagues across different games, and multiple teams are playing against each other to be the best in the world.
It’s new to many people, especially the older generation, but young people are making their marks in the industry and making a huge sum of money. In 2019, the top five DOTA 2 players in the world each earned more than $3 million after winning The International tournament, significantly higher than what Tiger Woods earned during the 2019 Masters at around $2 million, or Novak Djokovic when he won the 2019 Wimbledon, at $2.9 million.
The viewership of esports events, even during the pandemic, didn’t drop as esports leagues utilize almost every possible digital platform there is for their supporters to stream the match. During the Worlds 2020 event of League of Legends, the championship match gathered a peak of over 3.8 million viewers across all platforms, the highest in the game’s history.
Tips on Betting on Esports
With the continuous growth of the competitive gaming industry, more and more people are investing their time and money in esports. Brands and companies give sponsorships to esports teams, and major celebrities and athletes have started streaming playing video games. So, if you are looking to enter the world of esports betting, here are some things that you need to know before you start your journey.
Know the Game
Like traditional sports, there are different types of games in the market, and having strong knowledge about these games will be very beneficial. It’s important to know if you are into first-person shooting games, sports games, and multiplayer online battle arena games, among others. There is something for everyone in the gaming world, so you need to know what type of game you’ll want to get into.
Knowing how the game works and each teams’ strategies to win will give you a huge advantage in betting. If you are a gamer, it will be easy to understand how a game might pan out. But if you’re completely new to gaming, you don’t need to indulge yourself in the game to gain all the knowledge you need. Many resources give you articles or videos for you to understand the game. Many platforms, like Twitch and YouTube, stream all the important leagues and events for a certain game. Make sure to check these things to grasp all you need to know about the game fully.
Since esports betting relies on performance, you should also take a look at who is playing. Betting on the top esports players or teams might guarantee you a win, but upsets are a normal thing in gaming. Make sure to check the playing style of the players or teams as it can affect how you decide who to bet in certain matches.
Take a Look at Past Events
Like traditional Singapore Pool sport betting, having proper knowledge of how teams and players performed throughout the years can also give you a glimpse of how you should bet. Most of the time, top teams will dominate year after year during the season but sometimes fail against a lower-ranked team in the championship match.
It would help if you also saw how teams and players play against their competitors. The results of their previous matches might indicate how the upcoming match might go. If you are betting on how a player will perform, you can also check their statistics on previous matches and see their performance trend.
Check also if the team or player is already playing for a long time. Though it doesn’t necessarily mean that they are better than the rookies, having experience in competitions is surely an advantage.
Check the Betting Options
You should also check your different options for esports betting as it is almost the same as traditional sports betting. Check the moneylines, the odds, spread. Different games will have different betting options, and monitoring these things will give you an advantage when you already start betting.
Most often, aside from choosing who you think will win the game, some betting options include who will get the highest number of kills after the match, by how much will the winning team win against their opponent, or will a certain thing be used during the match.
How much to Bet?
Before you start betting, of course, you need to make sure that you have enough money to spare and that your betting will not affect your financial needs. As losing is the common trend for betting in general, continual betting without proper financial management might lead to problems in your personal life. You can put together a betting strategy that you can use for a long time to help you manage your finance well.
Esports Betting is the Future
It is here to stay. The esports betting market grew to more than $12 billion in 2020, and it is still expected to grow more moving forward, especially with the continuous rise of the digital world. And as more games are being developed and events are being more competitive, more betting options would be available, and you’ll need to have a high level of preparation to succeed in esports betting.
If you want to know more about online betting, check CM2bet. Register to CM2Bet today and start betting on esports or check our selection of sportsbook for betting in Singapore. We also have a selection of online casino games, including blackjack, baccarat, roulette, and others.
Sources:
- https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ces-2021-esports-growth-turbocharged-in-2020-due-to-covid-19-pandemic-62108738
- https://sbcnews.co.uk/esports-fantasy/2020/05/06/everymatrix-sports-titles-esports-betting-volume-growth/#:%7E:text=The%20report%20estimated%20that%20total,from%202%25%20to%2027%25.
- https://theconversation.com/esports-could-be-quietly-spawning-a-whole-new-generation-of-problem-gamblers-147124
- https://dotesports.com/streaming/news/the-most-watched-esports-events-of-2020
- https://www.engadget.com/2019-08-25-dota-2-the-international-2019-win-sets-records.html
