How to Bet on Esports: Where to Put Your Money?

Esports betting is growing in popularity among fans. It lets them engage with games and teams. With many matches daily, bettors can wager on outcomes like match winners or in-game events, making the experience exciting.

With the rise of esports, bookmakers now offer odds on games like League of Legends, Dota 2, CS: GO, etc. The esports betting market is expected to reach $721.2 million in 2024, according to Statista. But many people do not know how to bet on Esports. How to bet on esports: Where to put your money? Let’s explore.

How to Bet on Esports: Understanding Esports Betting

Esports betting is like traditional sports betting. It involves predicting the outcomes of competitive video games. You can bet on match winners, map scores, or player performances. However, esports features unique game mechanics and player interactions that affect outcomes.

Bookmakers set odds based on recent performances, statistics, and history. These odds come in decimal, fractional, and money-line formats. This variety caters to bettors globally. Understanding these nuances helps in making informed bets and enhances the gaming experience.

How to Bet on Esports: Types of Esports Bets

Esports betting features various types of bets, each engaging differently. Here are some common ones:

Match Winner: Pick the team you think will win. This strategy is popular due to its straightforward nature and better odds.
Map Winner: This bet is for games like CS and Dota 2. You wager on who will win a particular map. It’s best for those who know the teams’ map performances.
First Blood/First Kill: In this bet, the participant assesses which team makes the first ‘kill’. It’s popular in fast-paced games and among those who understand initial team strategies.
Outright Winner: Instead of a single match, you bet on the overall tournament or league winner. It’s riskier but offers higher payouts for correct predictions.

How to Bet on Esports: Researching Teams and Players

Winning at esports betting needs more than luck. It requires careful research on teams and players. Understanding their strengths, weaknesses, and recent performances boosts your betting odds. Start by checking win-loss records, tournament results, and past matchups. Teams vary in performance based on events or rosters, so knowing these factors is crucial.

Player stats are vital too, especially in games like CS or League of Legends. Look at kill-death ratios, MVP awards, and consistency. Some players excel in specific situations, like getting the first kill or excelling on specific maps. Studying both teams and players can help you bet smarter.

How to Bet on Esports: Using Odds and Markets

Odds are crucial in esports betting. They show potential payouts and the likelihood of outcomes. Odds come in three formats:

Decimal: Common in Europe and Canada, these odds are straightforward. Multiply your bet by the decimal to find your total return.
Fractional: More commonly in the UK, these odds suggest how much profit one will get from the amount of money staked. It means for 5/1 odds, it means a $5 win for every $1 bet.
Moneyline: American sportsbooks often use moneyline odds. These odds show how much you must bet to win $100 on a favorite. They also indicate the profit from betting $100 on an underdog team.

How to Bet on Esports: Finding the Best Betting Sites

Consider these factors to find the best platform:

Reputation and Licensing: Favor reputable websites that have a license, as it ensures safety and fairness.
Odds: This will enable players to earn more for all effective sites with the highest odds.
Esports Events: The best sites cover major title games, such as League of Legends, Dota 2, CS GO, and other tournaments.

Managing Your Betting Budget

Managing your budget is key in esports betting. It’s unpredictable, so a plan is vital to avoid overspending. Here are some strategies:

Fixed Betting Amounts: Bet the same amount each time, no matter what. This keeps spending in check.
Unit Betting System: Bet a percentage of your total funds. This adjusts your bet based on your bankroll.
Loss Limits: Set a maximum loss for a day or week. Stick to it.

How Beem Can Help You Save Money

Beem provides tools to manage budgets for esports bettors. It helps track expenses and prevent overspending. Bettors can set limits, monitor wins and losses, and see their finances, which boosts profits. With Beem, bettors gain control, save money, and improve their experience.

Conclusion

Esports betting is booming. It offers many ways to dive into competitive gaming. Betting adds excitement, but you need knowledge, a plan, and self-control. Key steps include understanding betting, researching teams, managing your budget, and picking reliable sites.

Beem’s Arcade offers a unique chance for those who want to level up their gaming. From the house of Beem, a trusted platform with over 5 million users, Arcade lets you earn cash while playing games. In addition, Beem’s Everdraft feature allows users to withdraw up to $1,000 at no interest rate. The platform also provides instant financial help, aiding success in games and life. Download the app here.

FAQs for How to Bet on Esports: Where to Put Your Money

How do I start betting on esports?

First, pick a good betting site. Then, create an account and add funds. Next, choose an event, place a bet, and research teams and odds to improve your strategy.

What are the different types of esports bets?

You can bet on: the Match Winner, the Map Winner, the First Blood First Kill, and the Outright Winner. Each has its own rules. Use your game and team knowledge to make predictions.

How can I find the best esports betting sites?

Look for licensed sites with secure payments and good odds. A site with a solid reputation, many events, and bonuses is ideal.

How do I manage my betting budget effectively?

Use strategies like fixed amounts or unit betting. Also, you should set a budget, use Beem’s budget planner, and avoid chasing losses. This way, you can manage your budget effectively.