Betting on esports is not that complicated. It's actually really simple. This is one of the reasons we love it so much! It is also a lot of fun and different than betting on traditional sports. So it does not surprise us that so many people are looking forward to betting on e-sports as well. The betting market in esports is already worth nearly $ 1 billion a year, and is continuing to grow.
The growing interest in esports betting is only PARTIALLY due to simplicity. Many people get involved because it's an easy way to have fun, but there are many who view it as an opportunity to make some money. And they are right to think that way, as betting on esports can definitely be profitable.
Understand the risks
We have already clarified that it is possible to make money from betting on esports. There is no doubt that anyone can make regular and steady profits if they wish to invest the time and effort needed. However, we should also make it clear that making money is NOT easy. It is possible, yes, but it is not easy at all.
Our intention here is not to discourage you. It would be irresponsible of us to assume that betting on e-sports is an easy way to get rich. You may end up making good profits, but there is a good chance of losing money first. We want to make sure that you are fully aware of this risk.
You need to decide if you are ready to take this risk BEFORE you start. Unfortunately, you cannot claim your money AFTER you lose, as bookmakers are not accustomed to refunding. After you lose, your money is gone. If you can't handle it, then betting on e-sports just isn't for you.
Use reputable betting sites
Land-based bookmakers who accept bets on e-sports are not as common. You will only find them in regions where this form of betting is fully legalized, such as Nevada and the United Kingdom. This means that most people who bet on esports should use online betting sites such as 10bet.
This is not really a problem, since it's the BEST option for e-sports betting anyway. They offer several advantages over the use of land-based bookmakers and sportsbooks - some of which can directly improve your chances of making money. However, it is very important that you use the sites properly.
There are many sites that offer e-sports betting these days and not all are of the same standard. Most of them are at least "adequate", but there are a few that are not good and are better avoided. There are a few that stand out to us as significantly better than the rest.
This is not one of the most important tips, but it is something to keep in mind. Setting some goals can help you stay focused and motivated and this is always a good solution. You are more likely to succeed if you have clear goals to pursue.
Here are some points to keep in mind here:
- Your goals should not be financial
- They must be realistic and achievable
It is natural to assume that the betting target should be financial by "making x a month". However, this is not the case, as there are other goals to consider. In fact, as a beginner, your main goals should not be to make money at all. They should be related to improving your betting knowledge and skills.
When we first started betting on e-sports, for example, one of our early goals was to learn as much as possible about a different game each month. Another was to watch at least three hours of racing every week. One of our current goals is to create a detailed spreadsheet to record the various factors that we think may affect the outcome of the matches. This will allow us to make some useful analyzes further.
If you decide to set yourself some financial goals, don't worry about making them precise. You don't have to set exact goals. More importantly, all the goals you set must be realistic. There is nothing wrong with having high goals, but you have to give yourself a chance to succeed. You will just be disappointed if you continue to pursue impossible goals. This can make you lose motivation or even give up betting completely.
What if your only real purpose is just to have fun? Well, there is absolutely nothing wrong with achieving your goal if you are not particularly worried about making money. This is certainly an easy goal to achieve, as it is hard not to have fun betting on e-sports. However, it is important to think carefully about the money you use where our next piece of advice comes from.
Set a budget
One of the first things we explained on this page was that there were risks associated with betting on e-sports. Although we do not want to repeat ourselves too often, this is one of the times when it is good to do so. It is absolutely vital to find out how likely you are to lose money.
Losing money in gambling should not be a problem. Nor is it something to be ashamed of. This is completely normal and there are millions of people around the world who do it regularly. But this can be a problem if the losses are not controlled. Losing an affordable amount is ok, but losing money needed for other things like rent or food is a major problem.
Fortunately, this is a problem that is relatively easy to avoid. All you have to do is set yourself a weekly or monthly budget for exactly how much you are willing to risk losing. Then you need to make sure that you stick to this budget, which should not be difficult if you apply some self-control.
If this is something that you think will bother you, then you should not play at all. But if you CAN bet responsibly, there is nothing to stop you from achieving your goals.
Setting a tight budget is probably the most important piece of advice we can offer here. Surely this is the advice we want our readers to follow. This is a basic rule for all forms of gambling - not just e-sports betting. This applies to EVERYONE, whether you are playing for fun or for profit.
Learn how to identify the value
Value is the key to making money from esports betting (or any sports betting). The ability to identify the value of markets is an absolute must for anyone who wants to make regular and consistent profits. Many gamblers do not even understand the concept of value, especially betting, let alone actually know how to find it.
A common mistake people make is to accept that value is EVERYTHING for odds. They work with the fact that high odds automatically offer good value and low ones automatically offer bad value. This really simplifies things. The value is not only about the odds being high or low, but how the odds are compared to the chances of winning the selection.
Know the games you bet on
We mentioned earlier that one of our goals when we first started betting on e-sports was to learn about a different game each month. This was because we knew very little about e-sports. We weren't big fans of video games back then and we started to get interested in esports because we saw the opportunities to make money. However, we knew we had to understand the games if we were to take advantage of these opportunities.
You may be a big fan of video games and may already know everything about the different types. This is great as you will have a good start. If not, however, we strongly recommend taking the time to learn a few games. No one can expect to make good betting decisions unless they fully understand what they are betting on.
You don't have to learn every single game. There are dozens of games that are played on a professional level and it will take a long time to fully explore each one.
Think about specialization
This advice follows the previous one. We have just explained that you do not need to learn every single esport game, and in fact there is a strong argument for learning just one. Specializing in one game will ultimately limit your betting opportunities, but there are several advantages.
The main advantage is that you will have more time to learn all that is relevant to the game you choose. Instead of knowing a few different games well, you can become an expert in just one. This can be invaluable when it comes to making betting decisions and will make it easier for you to identify the value.
Another advantage is that you can work with a smaller budget. You are unlikely to make a lot of bets when you specialize in one game, so you don't need that much money.
We definitely recommend that you consider carefully specializing in one game. However, this is not necessarily the right approach for everyone. We like to bet on many different games as we think this is the best way to make money. However, we do know others who do much better through specialization. There are pros and cons in both cases, so it's ultimately a matter of personal preference.
Know the teams and players
Almost all of our e-sports betting tips are based largely on what we know about the respective teams and players. The more we know, the greater our chances of making good decisions. Therefore, it is in our interest to get to know the teams and players as best we can.
This is actually quite easy to do. This is certainly easier than most traditional sports since players are much more accessible. Many are active in social media, regularly posting updates on what they do and how they play. They also post videos of themselves practicing games (sometimes live).
Use the gaming community
The video game community is HUGE. Collectively, this is a great resource to keep up with what is happening on the e-sports professional scene. There are hundreds of blogs, forums and other websites where you can learn a lot about what will help you with your betting decisions. Using the knowledge of other esports fans is one of the best ways to improve your own knowledge.
Additional tips for betting on e-sports
We have looked in detail at each of the tips provided so far. The tips aren't complicated, so hopefully it will be easy for you to follow them. It will definitely be easy for you to follow the rest of our tips listed below as they are the simplest of all. They don't require much explanation at all, but they can still improve your chances of making money.
Bet selectively and objectively - Betting on every available market is a great way to lose money. Unfortunately, this is what many bettors do. They think their best chance of making money is to bet as much as possible, but that is a VERY dangerous logic. The quality of the bets matters, not the quantity. The best approach is to always be selective and to bet only when there is good reason for doing so.
You should also make sure that you think objectively about your bets. Many bettors let their heart control the mind and bet on what they WANT to happen, but this is something that you should try to avoid. Never support a team or bet on it just because it is one of your favorites.
Look beyond the big competitions - The major e-sports competitions are clearly attracting the most attention. They also tend to generate the most interest in betting. But in our experience, smaller races tend to offer the best opportunities for making money. We usually find a lot more value when we play lower profile games.
Study previous matches - There are many different factors to consider when evaluating the outcome of an esport match. In our experience, one of the best indicators of what will happen is the results of previous meetings. Some teams seem to be doing better than others and this information is useful to know.
Form and motivation - Sports form is another factor worth considering. Teams and players can take good or bad form in electronic sports, just like in traditional sports, so it obviously helps to know what form they are in when making betting decisions. Motivation is a useful factor that you should also consider. This is the case, especially in tournaments involving group stages. It is very common for teams to qualify for the next stage of the tournament BEFORE they complete all their group or round meetings, and this will usually affect their motivation. If the outcome of a match is irrelevant to one team, they are likely to use the match to experiment with new strategies instead of playing to win. This can give advantage to their opponents.
Be patient - Professional e-sports are here to stay. They are not some passing trend that will disappear in the next few years. This means you don't need to rush to get immediate success. Although betting is likely to become a little more difficult in the future for the reasons we have outlined earlier, it is still important to be patient.
If you are not patient, you are more likely to damage your chances of success than improve them. It is much wiser to take the time and slowly work on expanding your knowledge and improving your betting skills. This will almost certainly produce better results in the long run. Successful betting is a marathon, not a sprint!