The esports betting industry is growing at breakneck speed. According to sources, it was worth over $700 million in 2018 and has exceeded the billion dollar mark last 2021. With so much money at stake, you might be wondering if now is the right time to start betting on video games.
There are a lot of things to consider before you place your first esports bet. Are you willing to risk real money? Do you understand the ins and outs of different game genres? Are you prepared for the emotional swings that come with betting on competitive gaming? The more you know about esports and betting in general, the better your chances of coming out ahead as a newbie gambler. Here are tips that will help get you off on the right foot.
It’s all about Research
Esports and betting are both very new industries, which means there’s a ton of information you need to catch up on.
Start by reading articles to familiarize yourself with the basics. Take notes while you’re reading, and try to apply the information to real-life examples as often as possible.
The more you know going into your first bet, the better prepared you’ll be. The best way to start is by finding different esports websites and reading up on their content. You can find everything from news articles to betting guides on these sites.
Find the Games You Know and Love
The first step towards betting on video games is finding the genres that you enjoy most. This will help ensure that you don’t get bored and give up on esports betting before you get started. It’s also a good idea to pick genres that have a large fan base.
Popular esports usually have more reliable betting odds and more action on certain betting sites. When deciding which games to bet on, you might want to consider their future. Esports are incredibly fluid and move at breakneck speed—even more so than traditional sports. New games are constantly coming out and existing ones are growing in popularity every year. In addition, there are several other games you can access and bet online.
Watch out for Special Events
Special events are also great for beginners who want to ease into esports betting. Special events are usually higher-profile and garner more general interest from the public. As a result, they’re more reliable than normal league matches and have lower risk. It’s not recommended that you start your esports betting career with a special event, but they’re great for beginners to learn the ropes and get comfortable with the process.