The world of electronic sports has been growing rapidly for the past several years. With the recently concluded events like Dota 2’s The International 2021 with over 20 million dollars prize pool and Arena of Valor’s Honor of Kings World Champion Cup 2021 with over 7 million dollars prize pool, many esports fans are craving for more.
How to Bet on Your Favorite Esports Games
The esports industry has seen massive growth during the pandemic, and people who are looking for ways to keep themselves busy may find online games quite fun. As these games can be played remotely, it’s not a surprise that new players are getting hooked easily.
With the rise of this lucrative industry, the online gambling industry took the trend and offer esports betting across their sites. The Philippines, being one of the biggest esports markets in the world can easily bet on TonyBet which is one of the best betting sites in the country based on this page.
As more fans cheer and bet on their favorite esports teams, the betting site industry becomes more competitive. Although betting may not be for everyone, it can be a great way to enjoy the game and have some reasonable returns without spending too much time or money.
Esports Betting Basics
Just like normal sports betting, esports betting is also based on chance. Funds are pooled together and given to the betting site to be distributed among the winners. The betting site takes a certain percentage for their service, and players can place bets within the betting pool.
The betting system is set by the betting site itself, so it may vary across different sites. Once bets are pooled, odds will be generated, and betting lines will be set based on the betting pool.
For esports betting, it is important to know how betting works as some betting sites have different rules for their games. In most cases, bets are placed on the tournament winner with a simple dollar-to-points ratio. This means that betting on a team that has around 100 points will earn players 100% on their betting pool.
Betting on esports games is usually done through the betting website itself, but it is also possible to bet with bookies or people on forums if they negotiate betting pools.
Betting on Esports Tournaments
With the growing prize pools of esports tournaments, betting sites are putting up betting pools to give fans more betting options. This is not hard to understand as esports betting is also driven by esports betting sites, which gives the betting site additional revenue.
Betting on esports tournaments makes betting easier for players as they only need to bet on the winner without understanding how betting lines work. This is because betting sites set betting lines for esports tournaments with betting pools that are more likely to be won.
For example, betting on Dota 2’s The International will require players to bet on the winner of the game. This requires an understanding of the betting line as there are many strong teams playing in the event and when playing with the underdog, the odds will be high.
Understand Betting Odds
Betting odds are how betting sites set betting lines for esports tournaments. They are the betting site’s way of predicting which team is more likely to win.
Betting odds also consider how much money people have put on each team which is why betting with the underdog might be risky but will give you a higher return.
Odds are changing very quickly depending on how many bets are placed on each team. If esports betting were done through bookies or forums, understanding betting odds will allow players to negotiate with other bettors so they can get a better return.
Esports betting is expected the rise and matches physical sports betting in the next few years. This growth comes with risks as there are some scams and illegal betting sites preying on new bettors.
It is recommended to research the operators where you are betting and see if they have good reviews. It is always best to stick with reputable sites that have been operating for years to make sure that your money is safe and can be withdrawn at any time.