Why Is eSports Betting Getting So Popular?

It used to be that 4 or 5 friends would gather in someone’s home with their computers, link them together and there you would have it: a LAN party. How did it get from there to millions of people playing, watching and even betting on games? According to Andrew Meola from BusinessInsider, this industry now revolves around sums that reach "approximately $900 million".

Why Is eSports Betting Getting So Popular?

A rising industry

Online gaming has been a trending topic for a while now and it becomes more and more popular as time goes by. And what can be more exciting for gamers than betting on the game’s outcome?

There are numerous sites that popped up and offered these gamers the possibility of making wagers on their favorite games. If we’re talking about DotA 2, League of Legends or Counter-Strike Global Offensive, which are some of the most popular games played right now, then we are talking about lots and lots of people who are betting on them on specialized sites like GG.BET

How does it work?

If you are used to the traditional betting system, then this eSports variation shouldn’t come as a surprise. Different spectators can watch and bet on online games as they would do with football, basketball, baseball or hockey matches. Gamblers can ponder upon the odds and place bets on sites that act as bookies and can make a lot of money out of it. Like the traditional system, eSports betting works with favorites and underdogs, upsets and sure-wins, winners and losers.

You bet on a team that plays in a tournament and if that team wins a match or the tournament, then you win a certain amount, depending on how much you bet. Simple, right? Well, since it is THAT simple, there are many people who venture into this recklessly, and that is a problem.

What are the risks?

The risks are increasing proportionally with the wager’s amount. So, if you place a high bet, then you may lose a lot of money. Of course, if you know what you are doing, and you get plenty of information, you may have an advantage over gamblers that thought to be better than everybody else. The risks can be reduced and avoided by getting to know the game, and you can do this by playing it. Become accustomed to the updates, the popular players and so on.

Why is it more and more popular, though?

It’s all because of eSports, which is one of the fastest growing industries today. Games like CS: GO, DotA 2, or PUBG are immensely popular, so people want to see tournaments that pit some of the best people against themselves.

Team vs. team, player vs. player, it’s basically the same idea as with traditional sports. Be it football, baseball or Counter-Strike, we like to watch other people play and win something. And if that win leads to us making a few (more than a few, to be realistic) bucks, then what can be more exciting. That’s why eSports is on the rise and why eSports betting follows its tail.

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