How does esports betting work?

How does Esport betting work? Esports betting is a relatively new form of entertainment that millions of people enjoy. Esports is a term for competitive gaming. In many ways it’s the same as traditional sports with fans following teams, watching matches and placing bets on who will win.

When it comes what you want to bet on, you can filter between sports, events and leagues, just as you can with most other sports. Then you simply need to click on your bets and they will be added to your betting slip. The difference comes in the types of bets that you’ll place with esports when compared to other sports, so we’ll take a look at this below.

We will explain what esports betting is, how it works, and what the risks are that you need to be aware of.

What is Esport betting?

Esports betting refers to the concept of betting on gaming as a professional sport. Having started out a few years back as a niche area of betting, it has risen rapidly. As a result, it has risen up from the underground to be included within the online sportsbooks of some of the biggest betting brands including LUCKBOX, 888sport, FortuneJack, and others. In addition, there are also plenty of dedicated Esports only betting platforms.

Esports are streamed live, with millions of viewers around the world watching contests at any given time, leading to esports becoming a multi-billion-dollar industry in recent years. There are two main types of esports, the simulation of real-life sports (FIFA, NBA, and MLS have their own esports teams, for example) and classic esports games like League of Legends, DOTA 2, and CS: GO

How to bet on Esports?

With esports betting, there’s more to bet on than simple real money betting. Various different types of esports betting have developed over the years, covering all aspects of the esports industry from competitive tournaments to Twitch streaming and even Skin gambling and trading. Here are all the potential ways you get involved with esports betting.

REAL MONEY BETTING

Real money betting is the simplest form of betting on esports and is exactly like traditional sports betting. It’s simply a case of picking the tournament or event you are interested in, choosing your market and match, and placing your esports bet. All you have to do then is wait for the results!

FANTASY BETTING

Just as there are fantasy sports bets for many traditional sports, there are fantasy esports bets for your favorite esports. It works just the same, you first choose your players and/or esports teams based on how well you anticipate them performing. You earn points/cash for their esports performance in games, whether that’s winning a match or tournament or completing some pre-determined goal. In the world of fantasy betting, one of the originals and still one of the best is LUCKBOX.

Betting on streamers

Betting on streamers at esports specialist sites means laying down bets on particular elements of an esports player’s gameplay as they are streaming on Twitch or other streaming platforms.

Betting on yourself

This is exactly what it sounds like – you can bet on yourself playing video games, allowing you to win real cash by achieving specified accomplishments within esports games.

Item & skin betting

Skin betting involves using virtual currency of some form from a betting site. This virtual currency comes usually as certain in-game items or graphic downloads for the game or characters. You should be very careful with certain skin betting sites they were traditionally unlicensed and unregulated and we’d recommend that you avoid any unlicensed site.

Esports Pool Betting

Pool betting involves all bets on a particular market pooled together and the total (minus any fee) divided up amongst the winners.

Social betting & challenge betting

With social betting, you bet within a group on the outcomes of games. Challenge betting is similar, being between just two people, effectively one challenging the other.

REGULATION, SECURITY, FAIRNESS, LEGALITY

It’s completely legal to bet on esports as long as it’s legally allowed in the country you’re registering from and you are over the legal age for gambling on esports. You should expect a good and trustworthy bookmaker to verify your age, identity, location, and payment methods after you open your account.

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