Esports Have Become a Huge Opportunity For Gamblers
Many industries have had a great few years recently, growing annually and never looking backward. Cryptocurrencies, real estate, and online streaming services have all enjoyed a continuous rise in popularity. But the esports industry has been growing faster than any of them, games like Dota 2, Counter-Strike: Global Offensive, and Fortnite have helped boost the popularity of esports and have made people recognize the financial potential of esports. In previous years esports competitions and tournaments only attracted minimal attention and small prizes for the competitors. But with steady growth within the sector and games like Dota 2 and Fortnite, now holding tournaments that attract millions of viewers, professional esports gamers, and offering prize funds of $30 million, the popularity of esports is massive.
The rise in esport popularity did not go unnoticed by the gambling community, it is even being compared to as the new slots in the gambling world, always an industry keen to branch out into new sectors, esports was a natural progression. If people are already using their computers or mobile devices to watch or compete in esports, then they have the means to online gamble. It did take some time in the earlier years for the gambling companies to accept bets for esport, very few did, now almost every site not only accepts bets on esports but has multiple options to choose from. The esport gambling industry is still small in comparison to the gambling industry as a whole, online casinos offering slots and live poker, and traditional brick-and-mortar casinos are still popular, but esport gambling is catching up. Here are some of the reasons for the rise in the popularity of esport gambling.
The Improved Legality of Esports Gambling
With the popularity and rapid growth of esport betting the bookmakers now have to offer what the gamblers want, in the early years, bookmakers offered very little choice to potential esports gamblers. Many countries now consider esports as a regular traditional sport which has led to regulation within the bookmaking industry regarding esports. The regulation came about due to something called “skin gambling”, a process where the participants of esports would use in-game currency, rather than real cash to place bets with each other on games that used in-game skins. There are many ways you can win betting on esports, the best markets are:
- Correct score
- Over or under
- Total rounds
- Match winner
- The group of the winner
- Maps handicap
- Regional winner
All esports bookmakers must be licensed and regulated in their registered country of business. Many of the bookmakers for esports are also online casinos, which gives the gambler a chance when not watching or betting on esports, there is opportunity to play on some of the many games that online casinos offer.
A Unique Gambling Experience With Promotional Offers
If you have decided to gamble on esports you will be pleasantly surprised with the number of options you have. Irrespective of the game you choose to put your money on, it will be a different experience to betting on regular physical sports, because esports is very different from what you may be used to. Esport betting is the same as any other sports betting, whether you have played the game or not, you still need to do research before just putting a load of money down and expecting a win. Esport is notoriously difficult to predict, but as with any sports betting the statistics do not lie, although that does not mean there are any dead certs.
One thing almost all gambling companies do is offer promotions, either for new or existing customers. And as most esport betting is done online they can offer some special promotions, this is in part due to the running costs of the business being lower compared to brick and mortar casinos and bookmakers. Apart from the traditional bonuses offered, some companies offer esports rewards that can be used in games such as Overwatch or Counter-Strike: Global Offensive.
How The Covid-19 Pandemic is Boosting Esports Popularity
There has not been much good news for many people these last twelve months or so. Unless of course you happen to be either very good at esports or are one of the lucky few to own an online gambling site. With so much of the population of almost every country being encouraged to only leave the home when absolutely necessary, playing esports and gambling on them has come as a welcome distraction for many. Adding to the gambler’s situation is that many live sporting events were canceled or postponed due to Covid-19, so they started to look elsewhere, and online casinos were more than happy to oblige their needs.
It is not just gamblers that have discovered the joys of esports. Computer or mobile device users who may not have had time before the pandemic to play esports found they enjoyed them, and many new players have now emerged. This is great news for the gambling and esports industries, new players mean new revenue after all. And whilst the pandemic will probably be over at some point and some players will likely find they don’t have the time once again to play regularly, many of the new players will continue esports industry seems able and capable to satisfy both parties. New games are always in development and old favorites being updated regularly, the industry looks set to continue on its meteoric rise well into the future. This great news for gamblers who face a lack of the traditional live sporting events that they have become accustomed to, esports can now fill the vacant gap that the pandemic has brought them.
Regardless of how some people feel about gambling, it has been part of human nature for thousands of years. And the gambling industry will always adapt to new technologies, so long as it is regulated and countries are strict with the laws they have developed, esport gambling can be enjoyed by adults responsibly.