If you’re seeking information on esports betting , you’ve come to the right place. At eSports Genius our guides covers all the essential knowledge on how to bet on popular esports such as CSGO, League of Legends, StarCraft II, and Dota 2. Despite the growth of the esports industry, many gamers are unaware of how to bet on esports. With our guide, you can learn to place bets on your favorite games and even use our advice to increase your chances of winning.
Despite the esports industry being a global phenomenon, many gamers are still unaware of how to bet on esports. Our step-by-step guide will not only provide you with the knowledge and understanding of how to place bets on your favorite games, but also tips and strategies on how to increase your chances of winning. With our guide, you can enjoy the excitement of esports betting while also potentially earning some decent winnings.
What is esports and how did it get started?
Esports, also known as electronic sports, is the competitive playing of video games. It has become a multi-billion dollar industry and is rapidly growing, attracting millions of players and spectators from all over the world. But how did it all start?
The history of esports can be traced back to the 1970s and 1980s, when arcade gaming was popular. During this time, people started to compete against each other in games like Space Invaders and Pac-Man. These early competitions were informal and were held in arcades or homes. The first recorded video game competition took place in 1972 at Stanford University, where students competed in a game of Spacewar!.
The rise of personal computers in the 1990s created a new platform for video game competition. With the advent of local area networks (LANs), players could now connect their computers to play games against each other. This led to the formation of small, local esports communities and the first organized esports tournaments. The most popular game in this era was Doom, a first-person shooter game that was released in 1993.
The growth of the internet in the late 1990s and early 2000s allowed for the expansion of esports to a global scale. Online gaming platforms, such as Battle.net and Xbox Live, provided players with the ability to compete against each other from anywhere in the world. This was a major turning point for esports, as it allowed for the formation of large, international communities and the organization of major tournaments with large prizes.
One of the most significant events in the history of esports was the creation of the Cyberathlete Professional League (CPL) in 1997. The CPL was one of the first professional esports organizations and it helped to establish esports as a legitimate form of competition. The CPL held its first tournament in 1997 and offered a prize pool of $15,000, which was a significant amount of money at the time.
Another major milestone in the history of esports was the release of the game StarCraft in 1998. This real-time strategy game became one of the most popular esports games in the world and was especially popular in South Korea. The first major StarCraft tournament was held in 2000, with a prize pool of $10,000. The popularity of StarCraft in South Korea helped to establish the country as a major player in the world of esports.
The rise of live streaming platforms, such as Twitch, has had a major impact on the growth of esports. Twitch allows players and spectators to watch live streams of video games, as well as interact with the players and each other. This has made esports more accessible to a wider audience and has helped to grow the community. Twitch was acquired by Amazon in 2014 for $970 million, which further validated the importance and potential of esports.
Today, esports has become a multi-billion dollar industry and is rapidly growing. Major companies, such as Amazon, Tencent, and Activision Blizzard, have invested in the industry, and many traditional sports teams and organizations have entered the esports arena. The largest esports tournaments, such as the League of Legends World Championship and The International Dota 2 Championship, offer prize pools in the tens of millions of dollars.
In conclusion, the history of esports can be traced back to the 1970s and 1980s, when arcade gaming was popular. The rise of personal computers and the internet has allowed for the expansion of esports to a global scale, and the growth of live streaming platforms has made it more accessible to a wider audience. Today, esports is a multi-billion dollar industry with millions of players and spectators from all over the world.
The most popular esports titles
One of the first major esports events was the “Red Annihilation” tournament for the first-person shooter game Quake, which took place in 1997 and had over 2,000 participants. However, the real growth of esports began around the early 2000s with the emergence of competitive gaming for real-time strategy games like Starcraft and WarCraft III. The popularity of these games and their competitive scenes laid the foundation for the esports industry as it is today.
There are several titles in the genre that are more popular than any of their competition. The best examples of this are Riot Games’ League of Legends for the MOBA (Multiplayer Online Battle Arena) genre. Fortnite leads the way in the Battle Royale genre, with the game available around the world on platforms including mobile, desktop, and consoles. The third major genre is the classic shooter game genre. Within the shooter category, the competition is much closer in popularity.
To many, Counter-Strike: Global Offensive (CS: GO) leads the way. The main argument for this is the longevity of the game at the top of the industry. The fourth edition of the Counter-Strike series is Global Offensive. This version of the game was released back in August of 2012, making it over ten years old. Throughout the years, very little changed about the recipe for success of CS: GO‘s. Valve, the company that created the game, only allows for minor updates, and the occasional map reworks throughout the year.
Prize pools and esports tournaments
Prize pools in esports have been rising in recent years. The growth of esports as a professional and competitive industry has led to an increase in investment from sponsors, advertisers, and game developers, which in turn has led to larger prize pools for esports tournaments. Some of the biggest esports tournaments, such as The International Dota 2 Championship and the League of Legends World Championship, now have prize pools that rival or surpass those of traditional sports tournaments.
Additionally, the increasing popularity of esports has also led to the creation of new tournaments with substantial prize pools. The trend is expected to continue in the future as esports continues to grow in popularity and attract more investment.
What are the top esports by betting volume?
In 2022, the top esports by betting volume consisted of CS:GO taking first place despite, followed by League of Legends and then Dota 2. These are considered the “big three” in esports titles.
- Counter-Strike: Global Offensive (CS:GO) – This is a first-person shooter game where two teams, terrorists and counter-terrorists, compete to complete objectives or eliminate the opposing team. CS:GO is one of the oldest and most well-established esports, with a thriving professional scene and a massive following of fans.
- League of Legends (LoL) – This is a multiplayer online battle arena (MOBA) game where two teams of five players compete to destroy the enemy base. LoL is known for its complex strategic gameplay, deep lore, and massive pool of champions to choose from, making it one of the most popular esports in the world.
- Dota 2 – This is another MOBA game where two teams of five players compete to destroy the enemy’s ancient, a large structure located in their base. Dota 2 is considered to be one of the most challenging and complex esports, with a high skill ceiling and a vast array of heroes and items to master. The game also boasts one of the largest prize pools in all of esports, with millions of dollars up for grabs at its annual championship, The International.
eSports betting compared to traditional sports betting
Esports betting, also known as competitive video game betting, is a growing trend in the sports betting industry. If you have experience with traditional sports betting on activities such as football, tennis, or basketball, then you should find it easy to transition to esports betting. The process of betting on the performances of video gamers may seem unusual at first, but it is similar to traditional sports betting in many ways. For example, just like you might bet on the winner of a football match, you can bet on the odds of a team winning a game in various esports titles, such as Smite or Call of Duty.
As esports has become more professionalized in recent years, it has become easier to research top teams like Fnatic, Na’vi, and Ninjas in Pajamas which can help you gain a better understanding of the teams and increase your confidence in your bets. In esports betting, you wager on odds set by bookmakers, just like traditional sports betting. These odds correspond to the likelihood of a particular event happening. While there may be some superficial differences between esports and traditional sports, when it comes to betting, the process is very similar.
Are esports bonuses affected by a rollover requirement?
It is best to check with the specific sportsbook whether or not the bonus they offer has a rollover requirement attached. Often it could be a 5x, or 10x rollover however these can vary wildly from different bookmakers. Whether or not to use a sportsbook bonus with a rollover requirement depends on your personal situation and the terms of the bonus. A rollover requirement is a condition that must be met before you can withdraw any winnings from a bonus. It typically involves betting a certain amount of money before you can withdraw any winnings from the bonus.
If you are planning to place a lot of bets and you are comfortable with the rollover requirement, then using a bonus with a rollover may be a good option. The bonus can give you extra money to bet with, which can increase your chances of winning. However, you should make sure you understand the terms and conditions of the bonus, including the rollover requirement, before you decide to use it.
What kind of betting markets are available for esports?
There are a variety of betting markets available for esports, including traditional markets such as moneyline (pick the winner), point spread (pick the winner with a point spread handicap), and over/under (pick whether the total number of points scored will be over or under a set number). There are also specialized markets specific to esports such as first blood (pick which team will get the first kill in the game), map winner (pick which team will win each individual map), and total rounds (pick whether the total number of rounds played in a match will be over or under a set number). Some bookmakers also offer live betting during matches, where you can place bets on events that happen while the match is in progress.
What is the difference between fps and moba esports?
FPS (First-Person Shooter) and MOBA (Multiplayer Online Battle Arena) are two different types of esports genres. FPS games are characterized by fast-paced, action-packed gameplay where players take on the role of a character and view the game world through their eyes. Examples of popular FPS esports titles include games like Call of Duty and Counter-Strike: Global Offensive. FPS games are typically played in teams of 5 players per side and the objective is to eliminate the opposing team and complete objectives.
MOBA games, on the other hand, are a type of strategy game where players control a single character and work with their team to defeat the opposing team. Examples of popular MOBA esports titles include games like League of Legends and Dota 2. MOBA games are typically played in teams of 5 players per side and the objective is to destroy the opposing team’s base while defending their own.
Why is risk management so important in esports betting?
Risk management is a critical aspect of sports betting, as it helps bettors minimize their potential losses and maximize their profits. Whether you are a casual bettor or a seasoned pro, a sound risk management strategy is essential to long-term success. In this article, we will explore the key elements of risk management in sports betting and how they can help you become a more successful bettor.
- Bankroll Management: This involves setting a budget for betting and dividing your bankroll into smaller, manageable units. For example, if your bankroll is $1,000, you might divide it into 10 units of $100 each. This will help you avoid overstretching your bankroll and ensure that you have enough funds to sustain a losing streak.
- Betting Unit Size: The size of each bet should be determined by your bankroll management strategy and should remain constant, regardless of the size of your bankroll. A general rule of thumb is to bet 1-5% of your bankroll on each bet, although this can vary depending on the individual’s risk tolerance and the type of bet they are making.
- Betting Only on Value Bets: This involves only betting on games where the odds are in your favor, based on your research and analysis. Avoid making impulsive bets based on emotion, as this can quickly lead to losses.
- Avoid Chasing: This involves avoiding the temptation to make larger bets to recover losses from previous bets. This is a dangerous habit, as it can quickly escalate into a much larger problem, leading to significant losses.
- Having a Long-Term Perspective: Successful sports betting requires patience and a long-term perspective. Focus on building your bankroll gradually, rather than trying to make a quick profit.
Explanation of Parlays and Teasers
Parlays and teasers are popular betting strategies for sports fans looking to maximize their winnings. While both involve multiple selections and increase odds, they differ in the way they manipulate the point spread. In this article, we will discuss the basics of betting with parlays and teasers and how to make informed decisions when using them.
Parlays are a type of betting where you make multiple selections in a single bet. All selections must win in order for the parlay to be successful and the odds of each selection are combined to determine the payout. For example, if you bet on three games with odds of 2.5, 3.0, and 2.0, respectively, the odds of the parlay would be 12.0. If you bet $100 on this parlay, you would win $1200 if all three selections are correct.
One advantage of parlays is the potential for higher payouts compared to individual bets. However, the downside is that if any of the selections loses, the entire bet is lost. It’s important to consider the odds of each selection and the likelihood of success before placing a parlay bet. It’s also wise to limit the number of selections to three or four, as the odds increase exponentially with each additional selection and the likelihood of success decreases.
Teasers, on the other hand, are similar to parlays, but with a twist. In teasers, you have the option to adjust the point spread of each selection in your favor. For example, if a team is favored to win by seven points, you can adjust the point spread to make it a four-point favorite. The downside is that the odds of the bet are adjusted accordingly, with a lower payout than a standard parlay.
When betting with teasers, it’s important to understand the impact of adjusting the point spread. The goal is to find a balance between increasing the odds of success and maximizing the payout. It’s also important to consider the impact of adjusting the point spread on each selection and the overall balance of the bet.
How to convert odds and determine probabilities?
Odds are a way to express the probability of an event happening in gambling, betting, and statistical analysis. Odds can be expressed in different formats such as fractional, decimal, and American. Converting odds from one format to another is an important skill for those who want to understand the probability of an event happening, as well as for those who want to compare odds offered by different bookmakers.
Here’s a step-by-step guide on how to convert odds from one format to another:
Converting fractional odds to decimal odds
Fractional odds are written in the form of a fraction, such as 3/1, 5/2, or 7/4. To convert fractional odds to decimal odds, divide the numerator (top number) by the denominator (bottom number), and add 1 to the result. For example, 3/1 fractional odds are converted to 4.0 decimal odds.
Converting decimal odds to fractional odds
To convert decimal odds to fractional odds, subtract 1 from the decimal number and express the result as a fraction. For example, 2.5 decimal odds are converted to 1.5/1 fractional odds.
Converting American odds to decimal odds
American odds are written as a positive or negative number, such as -150 or +200. Positive American odds indicate the amount of profit you’ll make for every $100 bet, while negative American odds indicate the amount you need to bet to win $100.
To convert positive American odds to decimal odds, divide 100 by the odds and add 1 to the result. For example, +200 American odds are converted to 3.0 decimal odds.
To convert negative American odds to decimal odds, divide the odds by 100 and add 1 to the result. For example, -150 American odds are converted to 1.67 decimal odds.
Last Updated on February 6, 2023