The global gaming market is expected to be worth $196 billion by 2022. Of that, the esports betting market is expected to grow to $30 billion by that same year. This rapid growth can be attributed to a number of factors, including the increasing popularity of esports, the rise of online betting platforms, and the legalization of sports betting in the United States.
What is Esports Betting?
Esports betting is the wagering of real money on the outcome of competitive video gaming matches. The industry has exploded in recent years with the growth of online platforms that allow for easy and convenient betting.
The most popular games for betting are first-person shooters (FPS) like Counter-Strike: Global Offensive and Overwatch, real-time strategy (RTS) games like StarCraft II, and multiplayer online battle arenas (MOBA) like League of Legends and Dota 2.
Why is Esports Betting Growing So Quickly?
There are a number of reasons why esports betting is growing so quickly. First and foremost is the increasing popularity of esports. The global esports audience is expected to grow to nearly 600 million people by 2023. This increase in popularity is translating into more viewers for esports events, which in turn is driving up interest in betting on these events.
In addition, the rise of online betting platforms has made it easier than ever before to place bets on esports matches. Platforms like Unikrn allow users to bet on a variety of different games and events using real money or cryptocurrency. These platforms are convenient and user-friendly, which is attracting more and more people to the world of esports betting.
Finally, the legalization of sports betting in the United States is also playing a role in the growth of esports betting. Previously, sports betting was only legal in a handful of states, which limited the potential market for esports betting. However, the Supreme Court’s 2018 decision to strike down a federal law that banned sports betting has led to a wave of legalization across the country. This has opened up the possibility for a much larger market for esports betting in the United States.
What Does the Future Hold for Esports Betting?
The future looks bright for esports betting. The industry is expected to continue to grow at a rapid pace over the next few years as more and more people become interested in competitive video gaming. In addition, new platforms and products are being developed all the time that are making it easier and more convenient to bet on esports matches. Finally, with the legalization of sports betting spreading across the United States, the potential market for esports betting is only going to get bigger and bigger.
Is Esport betting profitable?
It’s no secret that esports betting is on the rise. With the global esports market expected to top $1.1 billion in 2019, there’s no shortage of opportunities for bettors to get in on the action. But is esports betting actually profitable?
The answer, like with any form of gambling, depends on a number of factors. First and foremost, it depends on how well you know the games you’re betting on. If you’re not familiar with the ins and outs of League of Legends or Dota 2, for example, you’re going to have a tough time making informed bets.
Second, it depends on how much time and effort you’re willing to put into your betting. If you’re just placing a few bets here and there without doing any research, your chances of making a profit are slim. But if you’re dedicated to following the esports scene closely and making thoughtful bets, you can absolutely make money from esports betting.
Last but not least, it depends on luck. No matter how knowledgeable you are or how much time you put into your betting, there’s always going to be an element of luck involved. You can do everything right and still lose your bet.
So, is esports betting profitable? It can be, but it’s not guaranteed. If you’re willing to put in the time and effort, though, you definitely have a chance to make some money from it.
What are best esports in sports betting?
The esports industry is growing at a rapid pace and with it, the betting market for esports is also expanding. There are a number of different esports games that you can bet on, but which ones are the best?
In this blog post, we will take a look at the best esports for sports betting and give you some tips on how to get started.
First up is League of Legends. This is one of the most popular esports games in the world and it has a huge following. The game is played by two teams of five players and the objective is to destroy the enemy’s base.
There are a number of different betting markets for League of Legends, including head-to-head markets, handicap markets, and first blood markets. You can also bet on which team will win each round.
Another great game for betting on is Counter-Strike: Global Offensive. This is a first-person shooter game that pits two teams against each other. The objective is to either eliminate the other team or complete the objective of the map.
There are a number of different markets you can bet on in Counter-Strike: Global Offensive, including who will win each round, which team will win each map, and what the final score will be.
If you’re looking for an esport that is a little bit different, then you might want to check out Dota 2. This is a multiplayer online battle arena game that is played by two teams of five players. The objective is to destroy the enemy’s ancient.
There are a number of different markets you can bet on in Dota 2, including who will win each match, which team will win each map, and what the final score will be. You can also bet on which team will get the first blood or the first Roshan kill.
Lastly, we have Overwatch. This is a team-based first-person shooter game that is played by two teams of six players. The objective is to capture objectives and eliminate the enemy team.
There are a number of different markets you can bet on in Overwatch, including who will win each match, which team will win each map, and what the final score will be. You can also bet on which team will get the first kill or capture the first point.
So, those are some of the best esports for sports betting. If you’re looking to get started in esports betting, then these are some great games to start with.