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Esports Betting: Betting On Video Games With Bitcoin
The esports betting scene is booming. The stakes are higher, the teams fiercer, and the prize pools just keep on reaching new heights. Seeing as how competitive video gaming is gaining traction and how viewers are devoted to their favorite players, it only makes sense that the sports betting industry took interest.
Today, esports betting is one of the staples at numerous sports betting sites and online casinos. Competitive gaming may not yet fall into the mainstream category as traditional sports betting, but an increasing number of sports betting websites are embracing it. At BestBitcoinCasino, the best esports betting site is just a click away!
Another thing: Since esports betting matches are all settled in the digital world, the fact that digital currency is becoming the preferred way of betting seems like a natural progression. The convenience of cryptocurrencies goes hand to hand with esports games. If you want to find out more about why esports gaming and betting with cryptocurrencies like Bitcoin go together like PB&J, this is the place to be.
What are esports?
As the name suggests, esports is “Electronic sports” which is just another fancy word for competitive video games. During an esports match, two teams normally play the same game against each other. Depending on the game in question, the rules and the winning conditions tend to differ.
Each esports team normally has a gaming PC (or a console) for each member and the event is usually hosted live at a convention hall. Currently, South Korea is considered the Mecca of gaming, which may explain why some of the top competitions are held there. But what’s interesting about esports games, in general, is how they evolve. Seeing how competitive gaming is played online, the games themselves need to be maintained and updated on a regular basis. Major updates often herald new additions to the game, which may inadvertently affect the way esports teams compete.
For instance, games like Dota 2 or League of Legends release new characters with unique abilities a few times a year, prompting professional esports players to adjust and learn how to play as or against those new characters best. In other words, players constantly need to find ways to improve their esports game if they want a shot at that hefty prize money.
Esports vs. traditional sports betting?
Before esports betting officially took the world by storm, most players and fans were no strangers to betting on their favorite games. One of the pioneers of esports betting was Dota 2. During tournaments, the game sells battle passes which players can buy to get in-game rewards. With each battle pass sold, a portion of the earnings is used to increase the esports tournament prize pool.
Additionally, players can also use their battle passes to predict the outcomes of esports matches (think of them as a substitute for sportsbook tickets). If players accurately guess the outcome of certain tournament matches, they receive in-game currency which can later be used to buy more in-game goodies. With such potent promotional value of video game rewards and perks, the online betting scene didn’t have to go the extra mile when implementing esports into their ranks. Everything just fell into place naturally.
As for the esports betting vs. traditional betting debate, there really isn’t that much difference between the two. Essentially, esports betting is the same as any other sports betting except you are betting on different video games with their own unique rules.
How To Get Started With Esports Betting
Getting started with esports betting is a walk in the park. First of all, you will need to create an account on an online sports betting/online casino website that features esports betting as an option. If you already have an account, simply log in and have fun. But if you’re new to this or need a little reminder, follow these steps in order to create one:
- Pick an online gambling site that has esports betting (you can use our list to find some of the best esports betting sites).
- Find the “Sign up” or “Register” option and fill out the details.
- When you finish filling out your details, go to your email inbox and confirm your account by clicking on the link from the email you received from the gambling site.
- After confirming, go and log into your new account and navigate over to the payment methods.
- If the gambling site supports linking wallets, link your crypto wallet. Otherwise, use your crypto wallet and send funds to your casino account (there should be a casino wallet address somewhere on the page).
- Once the funds arrive in your account, you should be ready to play.
- Navigate over to the esports section, choose the game you want to bet on, pick the best esports odds and have fun.
Most Popular Esports Games
Just as with sports betting, avid gamers and fans can bet on various esports games. As time goes on, more titles will undoubtedly get added to the list. Currently, there are a few dozen esports titles that you can bet on but we’ve picked some of our favorite esports games to date. Check them out!
League of Legends
League of Legends is, arguably, the most popular MOBA (Multiplayer Online Battle Arena) when it comes to esports. This game is played with two teams of 5 where each player takes the role of a unique hero with unique abilities. Simply put, the goal of the game is to beat your opponents by destroying their main power source (the Nexus). But what happens in between is the kicker. There are three paths from one team’s Nexus and depending on the heroes and playstyles (tank, support, or damage), players decide which path is the best to take.
As the fractions clash, both bases periodically send out AI-controlled chargers to assist the heroes. Players tend to rely on these chargers in order to progress toward the enemy base unscathed, especially at the beginning. Besides battling the opposing team, players are also tasked to take out three protective towers on all three pathways. The moment the Nexus is destroyed, the winning team is declared.
A lot of factors influence this game: From assigning heroes that may or may not work better together to venturing away from designated paths and collecting items to help them on their mission. This very dynamic is what pushed League of Legends into the limelight, paving the way for esports betting like no other.
In terms of gameplay, Dota 2 is very similar to League of Legends but a bit more sophisticated. While League of Legends is enjoyed by a younger demographic, advanced players tend to prefer Dota 2. Unlike League of Legends, Dota 2 is owned by Valve (a video game company/PC gaming platform) and with their budget, they are able to organize spectacular esports tournaments and events. They were also the first to introduce in-game betting for in-game items. In other words, if you feel like League of Legends doesn’t quite suit your gaming taste, chances are Dota 2 is the best alternative.
Counter-Strike: Global Offensive (CS:GO)
CS:GO is arguably the most popular first-person-shooter (FPS) available on the PC. In CS: GO two teams (the terrorists and the counter-terrorists) are pinned against each other in a small closed arena. The object of the game for the counter-terrorists is to detonate the bombs while the terrorists’ objective is to stop them from doing so. In most cases, the last team standing wins even when players get more than a few lives during each game.
When a player kills another player, they will receive in-game money which they can use to buy better weapons during that match. Just like Dota 2, CS:GO was a game that introduced in-game gambling by giving players loot boxes that contained random items. Players have to purchase keys from the game’s marketplace in order to open these loot boxes (similarly to paying to roll on a slot machine). These loot boxes can reward players with weapon skins and modifications and some of these can be worth quite a lot.
Controversially, skin betting websites have also spawned thanks to this loot box system. These illegal websites take the players’ in-game skins and wager them against other player skins in gambling games. This is a completely unregulated area and we strongly recommend that users street clear from these sites. When it comes to esports betting, players can bet on the winning team, the number of players kills for a single player and a lot of other variables.
Many argue that because of so much randomness involved, Fortnite shouldn’t be considered an esports game. For better or worse, Fortnite proved to be too popular to not be included in the esports betting scene. While Fortnite tournaments aren’t as grand as those of Dota 2 or Counter-Strike, they still offer enough opportunities for esports bets.
A single Fortnite game can have up to 100 players. Players can play individually or in teams where they will fight to be the last player(s) standing.
What makes Fortnite so exciting is that the players have to scavenge the map for weapons in order to survive. Because of this element of luck, a lot of esports players don’t consider Fortnite to be a true esports game. Regardless of what you may think, the game is still immensely popular and bettors can still place an esports bet on their favorite team or player.
Overwatch is a mix between a MOBA and an FPS. While it plays like a first-person shooter, each hero is unique and plays differently. Teams of 6 work on different objectives while fending off the opposition. Because of how varied the heroes are (and the fact that players can change them during most matches) the games can get really exciting.
While it has been dropping in popularity in the last few years, many dedicated players are still playing Overwatch professionally and many esports bettors are still faithfully betting on this competitive video game.
Rocket League is probably one of the most unique games on this list. In Rocket League two teams of three play a soccer match using Remote Controlled Cars. Other than driving, the cars can also ride on walls, use boosts, and perform aerial maneuvers. All games are timed and the team that scores the most goals when the time runs out wins.
When it comes to esports, bettors can bet on who will win, how many goals each person will score, and everything else that we can usually bet on in soccer.
Starcraft 2 is probably the only Real Time Strategy game that players respect enough to consider as an Esport. Highly popular in South Korea (where esports are arguably more popular than traditional sports) players will control armies of aliens where they will build bases, collect resources and crush their competition.
The game has a lot of competitive modes but the most popular ones are regular skirmishes where players try to dominate their competition. While not as globally popular as some of the other games on this list, Starcraft 2 is still very competitive and very esports friendly.
Call of Duty
Call of Duty is slowly creeping its way into the esports betting scene. Even though its catered more to casual players, there is a good amount of hardcore players who managed to turn various Call of Duty modes into esports. The problem with Call of Duty is that a new game in the series used to come out every year but this trend seems to be dying (which is a good thing for esports).
Even though it’s not as popular as Counter Strike Global Offensive, Call of Duty is still a fun shooter and many esports betting sites will allow you to bet on match outcomes.
Which Are The Best Esports Betting Sites?
Almost all betting sites that offer sports betting but there are some BTC casino sites that feature esports betting too. So, while it’s not too difficult to find any esports betting sites, not all of them are equal. Some of them will treat you like royalty and others will treat you like dirt. Since we want to avoid the latter option, here’s what you can do to narrow down your search.
Get some bonuses
If you have already decided that you are going to spend money on esports betting, then you should really pick a site that will give you a bonus for your trouble. Bonuses work by providing you with bonus money which should be equal (or half) to your first deposit. The casino bonus money will only kick in when you have run out of your real money. Fortunately, if you wager the bonus money enough times, you’ll be able to turn it into real money and possibly even withdraw your winnings.
The least you can do when picking your next esports betting site is to pick the one that gives you a pretty good bonus.
Always available 24/7 live chat support
A lot of gambling sites think that they could get away with email support. And even though email support does work, it’s not nearly as effective as live chat customer support. So, pick an esports betting site that offers live chat support. And not just a 9 to 5 live chat support but one that works all day and night, 24/7.
Even if this doesn’t seem like such a big deal to you, it shows how much the gambling site is dedicated to supporting its players. Besides, it’s not like the esports industry is so niche-specific that the websites can’t offer 24/7 live chat support. Even if you don’t need live chat support, it may be a good idea to give them a call just to test them out, some of them may even give you some esports betting tips. In short, pick a website that cares for its players.
Make sure they have the right games
You may not care about what you bet on, but in the esports betting industry, there is quite a variety when it comes to games. While almost any website will have the games we mentioned above in our list there are a ton of other games available out there. So take a look at the gambling site at what it offers in its esports category before you decide to create an account.
Make sure the website is reputable
This is crucial. None of the above matters unless the gambling site you are visiting is reputable. The last thing you want is to find a seemingly perfect website only to realize (especially when you’ve made an enormous deposit) that it’s a scam website. Scam sites are getting craftier each day and it can be difficult to figure out which ones are legit and which aren’t. Because of this, it’s extremely important to know whether or not the website you have your eye on is legit or not.
How To Tell If An Esports Betting Site Is Legit?
First of all, start with the mindset “If something is too good to be true, it probably is”. Some unlicensed gambling sites are notorious for offering amazing deals that end up being an attempt to walk away with your Bitcoins. But don’t worry! There are a few easy methods how you can spot a scam website. When visiting a new casino site, make sure to keep the following things in mind:
- Are the Esport events outdated? – Scam sites often fail to keep track of the current goings on in the esports betting market. Because of this, they will just copy a different sports betting page, spruce it up a little and call it a day. So, if you notice that there is a tournament going on that was held a week ago, then you’re more than likely dealing with a scam site
- Bonuses that are too good to be true – Scam sites are getting craftier here. They used to offer free money just like that. Unfortunately for them, even gullible people started realizing that this was a scam so the sites had to adapt. Nowadays, they are only going to offer better bonuses. These will offer a much better match bonus and much lower wagering and stuff like that. Experienced gamblers shouldn’t have a problem spotting these but newcomers might fall for them. So, remember to check and see what kind of bonuses are usually offered so you know what is considered “too good to be true”.
- Can’t find the license icon on the homepage – This is one of the first places we look whenever we come across a new gambling site. Most online gambling sites will have a little icon at the bottom of the page proudly showing off their gambling license. Sometimes it might be hidden in their terms and conditions but most of the time it will be there for everyone to see. Scam sites won’t have these. It may also be a good idea to click on the license icons and see what they will actually do. Legit gambling sites will take you to the appropriate page where you can confirm the license while non-legit ones will normally be unclickable.
- Bad word of mouth – Probably the easiest way to figure out if a website is legit or not is to check what other people think of it. A quick google search can go a long way in helping you figure out if a website is a scam or not. However, the ultimate way how you can check if a gambling site is legit or not is to go to a casino review website (like this one) and see what actual gambling critics have to say. We never cover scam sites so if you see a gambling site listed here, it’s 100% legit.
Can I Bet On Esports With Bitcoin?
Yes, you can bet on esports! This is a question we get asked quite frequently so we dedicated an entire section to it. Using Bitcoin to bet on esports betting markets doesn’t have any additional value other than what cryptocurrency already has.
So, if you use Bitcoin to bet on esports, you will have lower fees, faster transfers, and more anonymity. In the end, it all depends on the esports betting site and whether or not they accept cryptocurrency (and most of them do, nowadays).
Now, if you are asking if it’s better to bet using crypto than fiat, we would still say that crypto is miles better. Not only is it faster, cheaper, and more secure but it doesn’t involve any pesky banks and we believe that that’s something many of us can appreciate.
If you are worried that you’ll have to learn different types of odds (and how to calculate them) don’t be. Esports betting odds are exactly the same as regular sports betting odds. Esports betting sites pay close attention to the esports major tournaments and they always have a good idea of who might win. And this brings us to the way how they base their odds. Whether the esports betting sites are using fractal or decimal odds, they are still calculated the same way.
Esports Betting Summary
When all is said and done, esports represent just additional games that you can toss in with any other sports betting games. While playing esports is very much different than playing regular sports, betting on them is exactly the same. If you still haven’t, give esports betting a try. You may just find them more exciting than traditional sports betting.
Thank you for checking out our page and we hope that we’ve helped you make your decision about esports betting!
How are esports betting odds calculated?
Esports betting odds are calculated by assessing the betting market and the actual market itself, particularly when working out live betting odds. Various factors come into play – current form, injuries, past performance against the opponent, the money that will be placed, with the favorites usually having more cash placed on them than any underdog.
Is Esports beting safe?
Yes, Esports betting is safe as long as it’s done on a fully licensed esports betting site. As long as you don’t try to cheat and you pick a safe place to gamble, you should have no problem with esports betting.
How is esports betting different from traditional sports betting?
Esports betting is no different from traditional sports betting. Esports and sports are completely different mediums while their betting is exactly the same. Even if gambling websites didn’t separate esports and sports betting, they would blend in together perfectly.
Can I use bitcoins when betting on esports?
Yes, you can use bitcoins when betting on esports. It all depends on the esports betting sites on whether or not they accept cryptocurrencies such as Bitcoin but the vast majority of them do.
What are the most popular esports games?
The most popular esports games currently are Counter Strike Global Offensive, League of Legends, Dota 2, Overwatch, Fortnite, Rocket League, Call of Duty, Player Unknwon Battlegrounds, etc.
What are the most popular esports tournaments?
The most popular esports tournaments are Dota 2 International, CSGO Majors, League of Legends Worlds, Overwatch League, and Call of Duty League.
How old do you have to be to bet on esports?
You must be of legal age in order to bet on any sporting event, including esports. Just because these are video games, does not mean that minors are allowed to place real money bets on them.
Are skin betting sites safe?
No, Skin betting sites are not safe. Because there is no law that governs in-game item/character skin betting, skin betting sites don’t have any universal rules that they must follow. Because of this, we highly recommend you stay away from skin betting sites.