eSports betting industry is growing exponentially and eSports are increasing in popularity than ever before. A new market segment of young gamers has been brought into the betting world. The majority of this betting takes place from Asia with 61% contribution, US and Europe follow with 23% and 12% contributions respectively while other parts of the world contribute only 4% to this form of wagering.
With more and more people turning towards eSports, there are a lot of confusions and questions that need to be addressed. This article focuses on the different methods of wagering on eSports which are in practice. Here are some popular eSports betting practices:
Traditional Book Betting:
Being popular and having stayed for a long time in market, this betting option is preferred across the globe. People consider their money to be safe with bookies and are more confident about the outcomes. The con to this is that betting is limited only to the most popular titles and there are lesser varieties.
These are websites specifically created for betting on competitive games. A variety of games are covered with traditional betting options. The downslide of these books is that they are new and lack reputation.
Seeing the potential revenue generating options, Fantasy Sports sites have also started offering eSports betting. The options are limited and with authorities keen on requiring such sites to obtain licensing has left them in a state of confusion. They are not reliable for now.
Numerous sites offer wagering on in-game content. Such betting does not follow any regulations. The winnings are usually items that can be traded in special marketplaces for money.
Social betting, though not very popular among people, is a betting option that allows competition among friends. Bets are placed through word of mouth. Honoring such bets is solely dependent on the person.