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Esports Betting: A Guide for Beginners
Esports betting is the activity of placing wagers on the outcomes of competitive video games, such as League of Legends, Dota 2, CS:GO, and more. Esports betting has grown rapidly in popularity and revenue in recent years, as more fans and bettors are attracted by the thrill and variety of esports events.
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If you are new to esports betting or want to learn more about it, this guide is for you. We will cover everything you need to know about how to bet on esports, what are the legal aspects of esports gambling, and what is the current state of the esports betting market.
How to Bet on Esports
Types of Esports Bets
There are many types of bets you can make on esports matches and tournaments. Some of the most common ones are:
Match winner: This is a simple bet on which team or player will win a single match.
Series winner: This is a bet on which team or player will win a best-of series (e.g., best-of-three or best-of-five).
Tournament winner: This is a bet on which team or player will win the entire tournament or event.
Handicap: This is a bet on whether a team or player will win a match or series with a certain advantage or disadvantage (e.g., +1.5 or -1.5 maps).
Over/under: This is a bet on whether the total number of points, kills, rounds, or other metrics in a match or series will be over or under a certain value.
Prop bets: These are bets on specific events or outcomes within a match or series (e.g., first blood, first to 10 kills, most kills, etc.).
Futures bets: These are bets on long-term outcomes or events that will happen in the future (e.g., who will win the next major, who will be the MVP, etc.).
Depending on the game and the bookmaker, you may find other types of bets as well. You should always check the terms and conditions of each bet before placing it.
How to Find the Best Esports Odds and Bookmakers
One of the most important aspects of esports betting is finding the best odds and bookmakers for your bets. Odds are the numerical values that represent the probability and payout of a bet. Bookmakers are the platforms or websites that offer and accept bets.
Different bookmakers may offer different odds for the same bet, so it is wise to compare and shop around for the best value. You can use online tools such as odds comparison sites, betting aggregators, or esports betting portals to find and compare the best odds and bookmakers for esports betting.
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Some of the factors you should consider when choosing a bookmaker are:
Reputation and reliability: You should only bet with licensed and regulated bookmakers that have a good reputation and track record in the industry. You can check online reviews, ratings, testimonials, and feedback from other bettors to assess the quality and trustworthiness of a bookmaker.
Esports coverage and variety: You should look for bookmakers that offer a wide range of esports games, events, markets, and bets. You want to have as many options and opportunities as possible when betting on esports.
Bonuses and promotions: You should take advantage of any bonuses and promotions that bookmakers offer to new and existing customers. These can include welcome bonuses, free bets, cashback, loyalty programs, and more. However, you should always read the terms and conditions carefully before claiming any bonus or promotion.
Customer service and support: You should choose bookmakers that have responsive and helpful customer service and support teams. You may need to contact them for any issues, questions, or disputes that may arise during your betting experience.
Payment methods and security: You should select bookmakers that accept your preferred payment methods and currencies. You should also ensure that they use secure and encrypted technology to protect your personal and financial information.
How to Place an Esports Bet
Once you have found the best odds and bookmaker for your esports bet, you can proceed to place it. The process may vary slightly depending on the bookmaker, but generally it involves the following steps:
Select your game and event: You can browse through the available esports games and events on the bookmaker's website or app. You can filter by game, date, tournament, league, etc.
Select your market and bet: You can choose from the different markets and bets offered by the bookmaker for each game and event. You can see the odds for each bet as well.
Select your stake: You can enter the amount of money you want to wager on your bet. The bookmaker will show you the potential payout or return if your bet wins.
Confirm your bet: You can review your bet details and confirm it. The bookmaker will deduct your stake from your account balance and place your bet.
You can track your bet progress and outcome on the bookmaker's website or app. If your bet wins, you will receive your payout according to the odds. If your bet loses, you will lose your stake.
Legal Aspects of Esports Betting
The Current State of Legalization in the US
The legal status of esports betting in the United States is complex and varies by state. Esports betting is not explicitly regulated by federal law, but it falls under the scope of existing gambling laws that regulate gambling activities. Therefore, each state has the authority to legalize, regulate, or prohibit esports betting within its borders. 4 According to the American Gaming Association, as of January 2022, 30 states and the District of Columbia have legalized single-game sports betting, including esports betting. 5 These states are Arizona, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Virginia, Washington, West Virginia, and Wyoming. 6 However, not all of these states have launched or fully implemented their esports betting markets yet. Some of them are still in the process of developing rules and regulations, issuing licenses to operators, or testing their platforms. Moreover, some of these states have imposed certain restrictions or limitations on esports betting, such as requiring approval from regulators for each esports event or market, prohibiting betting on amateur or collegiate esports events, or setting a higher minimum age for esports bettors than for other sports bettors. 7 Therefore, if you want to bet on esports legally in the US, you should check the laws and regulations of your state before placing any bets. You should also only use licensed and regulated bookmakers that operate in your state and comply with the relevant laws and standards. The Benefits and Risks of Esports Gambling
Esports gambling can have both benefits and risks for the esports industry and its stakeholders. Some of the potential benefits are:
Increased revenue and g