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Esports is a global phenomenon and the betting market for over 18s around this is growing too.
There are many different multiplayer video games around the world, just as there are many professional players getting into esports with the objective of making big money. These professional players of course play either individually or as a team.
While there were plenty of amateur players two decades back, the development of the internet and other technologies like the livestreaming of esports has helped make it a huge business today.
It’s been growing steadily over the past few years and is now a multi-million dollar business. In this article, we will be looking at the various aspects of esports betting and the pros and cons associated with it. Before we get into it, here’s a quick overview.
Esports Betting Is Becoming Big Business
Esports betting is about giving another avenue for esports fans.
As a bettor, you might ask: should I spend more money on esports betting? The answer lies in being able to draw the line between risk-taking and your ability to take such risks, and your knowledge of esports.
You should, at the end of the day, be in a position to enjoy esports betting. You should be the one to decide whether you place a bet on something or not.
Useful Information About Multiple Esports Betting
Betting on multiple esports is becoming more prevalent. This is because you can spread your risks. However, that doesn’t mean you’ll get the right results of course. Any type of online gambling, including esports betting, comes with its own pros and cons. Even when I am playing at the best online casinos in the United Kingdom, I do my research before playing the online casinos, and I find out which games have the best RTP, so I know I am playing a game with great odds.
If you are planning to bet for winning rather than betting for fun, then you have to ensure that you research, get the information and knowledge you need before placing a bet. This is important because when you do it for fun you will know where to draw the line and where to pull the purse strings.
However, this may not be possible when you are betting with the purpose of winning, and when you are pretty serious about your main objective. You may overstretch yourself, and when this happens over an extended period of time, you may run the risk of losing big money.
Hence, we thought it would be a good idea to spend some time knowing about the pros and cons associated with esports betting. This is applicable for single sports betting and also multiple esports betting. We also will try to look at the various factors that you must weight when you decide on the esports you wish to bet on.
The Pros of Betting on Esports
The Advantage of Volume
When you decide to bet on esports you have a major benefit, and that is volume. When compared to other sports betting, there are no off-seasons as far as esports betting as a whole is concerned. There’s always some game or tournament you can bet on. But at the same time, there may not be major events taking place, and this could be a problem for those who are into serious betting and multiple esports betting.
If you ask any experienced bettor, he or she will talk about the benefits associated with multiple betting: bets which combine two or more selections in a single bet. This will increase the opportunities you can bet on, but the stakes will get bigger at the same time.
Comparatively Good Odds
If you are able to choose a reliable esports betting site, you stand a better chance of a successful bet. People from across the UK should trust the site, and the website should be licensed in the UK.
Choose The Money You Want To Spend
There are no lower limits on esports betting as far as most of the sites are concerned. It’s possible for some to require a minimum deposit, but others don’t have such requirements.
It’s Fun And Entertaining
Even if you’re a serious esports bettor, you can still have some decent entertainment. You can of course watch a tournament live and place bets as you do so, adding to the thrill.
It’s Easy To Play
Ease of play is another factor of esports online betting. You can avoid going through large volumes of instructions, rules, and regulations before getting into this form of online betting. You’ll have to learn a few basics, but there are plenty of resources online to make this possible. Spend some time going through the resources – that’s a good starting point.
Prize Money
There is of course big prize money attached to esports, with sponsorships, streaming opportunities and advertising also generating revenues. This has helped the various betting sites offer increased prize money to players.
Improved Decision Making Skills
Esports grows with each passing day, and the betting levels are also becoming tougher. While this might be considered as a downside, it also goes a long way in increasing the decision-making skills of the bettors and of course, the players. You have to make quick decisions and think on your feet, especially when it comes to in-play betting. Therefore, if you are able to bet on the right players on the right sites, you may be able to improve your decision-making skills and also stand a better chance of winning big money.
It’s Safe
Some people worry about online betting and that’s normal. However, modern-day licensed esports betting sites are reputable and generally have a good track record when it comes to putting the right safety and security procedures in place. Reputed sites are known for their prompt payment and settlement of winning amounts to the bettors. They also make the effort to ensure that the confidentiality and protection of sensitive customer information is never compromised. They make use of technologies, including end-to-end encryption technologies, to prevent information from being hacked or falling into the wrong hands.
Disadvantages of Esports Online Betting
Picking Up The Right Team Is A Big Challenge
With so many teams out there, backing the right one is becoming quite the challenge for many bettors. While some teams may be top class, the odds are stacked up so much against them that it’s tough to make big money as a bettor. On the other hand, the lesser-known teams are indeed a risk, unless you know more about them and their strengths and weaknesses.
Betting on Too Many Teams Could Be A Problem
As a punter, you cannot expect to win big just by putting all your money on a single team. Therefore you’ll have to select the teams and sites carefully and then place bets. This is easier said than done, and can lead to confusion and indecision. Often, punters end up putting their money on the wrong teams and sites and lose money instead of winning.
Grey Legal Areas
There are still many betting sites that are not licensed, and try and wriggle out their commitments to bettors who have won money. Bettors have very few legal options other than trying to communicate with the concerned website and the team. This clearly needs to be addressed. But it’d be best if you stuck to legal and safe UK sites, mitigating risk.
Our Conclusion
We hope this article gives readers some insight into the meaning, scope and definition of Esports betting, and that it provides knowledge about the possible advantages and disadvantages associated with this ever-popular form of sports betting.
Remember, there are always more losers than winners when betting on esports (or anything else), so play responsibly, and you have to be over 18 years old to play.
Way back in 2013, League of Legends became a recognised professional sport by the US government, allowing international players to travel to the States to play professionally.
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