Categories: Business

How To Make Money betting On Esports

DOTA 2. CS: Global Offensive. League of Legends. StarCraft 2.

These are some of the most popular and successful esports games that are being played today. Far from the early days where tournaments were played in cramped halls and basements, eSports is a billion-dollar industry with millions of dollars in prize money at stake.

Nowadays, besides being watched by large audiences like other sports, they also motivate controversial transfer and trade rumors, like the ones you see in TwinSpires Edge for NBA teams.

Esports tournaments are watched by millions from all over the world in arenas, living rooms, and even bars. Betting on eSports has also been steadily growing in popularity. Strong marketing campaigns and a new generation of fans have all contributed to this.

The fact that eSports tournaments can be enjoyed remotely is one reason behind this boom. If you’re looking to get in on the online betting scene, you can’t go wrong with esports.

Just like any other game of chance, betting on esports is not without its fair share of risks. You could end up siding with the wrong team and losing it all.

This is why we’ve prepared a beginner’s guide to betting on eSports and tips for making money off your bets.

1. Know your teams

The first thing that you need to do when putting your money on a team is to know who you’re wagering your money on. eSport athletes are no different from their track and field or sports counterparts.

These professionals can be affected by factors like stress and can become frustrated. This is why it’s always a good idea to know the teams and players who will be participating in the tournament.

Doing so will allow you to gauge their performance during the tournament and help you place more profitable bets.

2. Pick your games carefully

If you regularly watch eSports tournaments, it’s likely that you are a gamer yourself. There are dozens of different esports tournaments being held for all types of games.

From CS: GO to League of Legends and DOTA 2, you should at least have some knowledge of the game that you will be betting on. For example, first-person shooters like CS:GO and Overwatch are fast-paced games that require a different skillset than a game like DOTA 2.

Besides knowing what games are being played, you’ll want to bet on the most active games with plenty of prize money involved.

3. Start watching eSports games

A lot of the time, sports betting also relies on the punter knowing what exactly is going on. The same concept also applies to those betting on esports.

Start by watching esports games to learn the ebb and flow of how things are going. Understanding the strategy employed by the players will again help you make better decisions with your bets.

One of the most interesting things about esports is that players sometimes make use of unorthodox or even insane strategiesto win the day. Thus further underscoring the importance of actually watching esports games.

4. Place realistic bets

Placing and winning bets with stacked odds may be extremely rewarding and exciting at the same time. However, they are also highly unrealistic and more often than not, you’ll merely end up losing everything.

Expert gamblers prefer winning small sums consistently due to the higher probability of success. Always remember that you’re not living a movie and there’s a reason why the long odds offer such large rewards.

Placing bets on lower odds, whilst not extremely profitable, offers you a stable source of income which pays off more on the long-term. Additionally, always know when it’s time to call it a day and to walk away with your winnings.

The future of esports is an exciting one with plenty of opportunities for punters. By keeping to these 4 foolproof strategies, you will have no problem taking in a steady stream of winnings.

Sameer
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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