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The esports industry has seen an exponential rise in popularity in the past decade, thanks to the continuous growth of computer and mobile games worldwide. From what was once considered only for gamers, the esports sector is now becoming a legitimate career choice nowadays, with the possibility of earning a considerable amount as a salary.
From being an exclusive community in the 2000s, esports has become one of the most popular forms of entertainment around the globe. Countless new fans and amateur players started tuning in to local and international tournaments, allowing the industry to thrive despite the COVID-19 pandemic and reach a global market value of more than $1 billion last year.
And along with the rising popularity of esports is the rapid growth of esports betting, especially in Southeast Asia. There are multiple esports betting markets available for online betting in Malaysia and other nations where gamblers or esports fans can try to earn a few extra dollars on the side.
But with online or live casinos in Malaysia technically considered illegal, countless people are hesitant to start their esports betting journey. So, here are some things that you should know to make esports betting more efficient and worry-free than ever.
The Esports Betting Scene in Malaysia
Since the increased exposure of esports to the public a decade ago, Malaysia has become one of the top countries in the sector. The nation has produced some of the top gamers and teams globally, and some of them were able to take home a million worth of earnings from competitions around the globe.
This significantly helped in making more people in the country embrace esports betting. Although gambling of any form is technically illegal in the nation, countless patrons can access foreign sportsbooks through live casinos in Malaysia that offer esports betting markets to their clients.
Esports Betting Options
Some of the most popular games to bet on are DOTA 2, League of Legends, CS: GO, FIFA, and Valorant. These games are widely popular in the country, and esports betting adds a massive thrill to every minute of a game. The different technicalities of how each game is played offer bettors various betting options to maximize their budget and place wagers on multiple markets.
A popular and widely offered option in esports betting is placing wagers on the winner. This is a straightforward bet where punters need to guess which team or players will win the game, like the regular moneyline bet. There is also the outright betting option, where the bettors need to predict future outcomes of specific categories. This includes who will be the winner of a tournament and which player will end with the most kills or assists.
There are also some esports-specific betting types that are tailored to the rules and technicalities of a particular game. This is ideal for fans or bettors who understand the game, which is crucial in ensuring that the bet will end up winning. Some of these include First to Reach 10 Kills and Total Kills for MOBA games like Dota 2 and Pistol Round Winner and First to Win 5 Rounds for FPS games like CS: GO.
In addition, gamblers can also opt for systematic esports betting, which is also commonly called a parlay. Here, the bettor must place bets on multiple teams or players, all of whom must win. It is riskier than a more straightforward betting market, but the payout is bigger, giving punters a chance to make massive profits when they win.
Conclusion
Despite the strict regulation surrounding the betting industry in Malaysia, the esports betting sector has constantly thrived, with more and more patrons showing interest in placing their wagers. And with the esports industry still considered in its infancy, the esports betting in the country are expected to grow, especially with the nation becoming an esports hub in Southeast Asia further.
Like traditional sports, there are tons of betting options available on digital platforms for esports betting. Although it’s easy to place bets on most of them, upsets are regular in esports, and one mistake can turn a game around.
Bettors must ensure that they will conduct adequate proper research about a game before they start placing bets. The game rules, team history, and play style are crucial factors that can affect the game. It is also essential to ensure proper bankroll management to avoid financial complications while betting. Finding a trusted online platform, such as CM2Bet, will help prevent potential legal consequences when gambling.
Register now at CM2Bet and place your wagers with our selection of reliable sportsbooks, such as M8bet and CMDBet. You can also have access to live odds for the top esports tournaments in the world, allowing you to formulate strategies that will increase your chances of winning. You can also try out our different online casino games, including blackjack, baccarat, and online slot games in Malaysia.
