eSports is a niche betting market that has surged in popularity in the last years. If you’re not familiar with the term “eSports betting,” all you need to know is that you can wager money on online gaming events like League of Legends or CS: GO championships, similar to traditional sports.
If you want to start betting on eSports markets but aren’t sure how it works, this guide will take you through the essentials. Below, we will provide five “hacks” that you can use to beat the odds and maximize your profits in the long run.
Before we begin, there’s one thing you need to understand- even though you might associate eSports solely with entertainment, it is a lucrative industry that is exponentially growing year after year. Believe it or not, global eSports championships prize pools can be as high as C$40 million in games like Dota 2.
You might be wondering how this information can be useful for you. Well, online bookmakers have quickly identified the eSports market’s value. They’ve implemented a section dedicated to betting on this type of game. This way, you can leverage your eSports knowledge to earn an extra buck!
Without further ado, let’s have a look at the top 5 tricks that can enhance your eSports betting experience:
Choose a suitable online bookmaker
One of the crucial steps in eSports betting is choosing the right bookmaker. Whenever you pick an online betting platform, there are various aspects that you need to consider, including:
- Promotion offering
- Betting markets available
- Unique features like cashout or in-play
- Deposit and withdrawal limits
In essence, you need to ensure that you have a memorable gaming experience, so make sure you spend some time researching gaming platforms. From our findings, the best way to find a reliable bookmaker is by using a site where iGaming experts test and review online gaming sites.
By reading in-depth analyses of online gaming sites, you will quickly identify the best platforms and know what bonuses you can claim to improve your odds and maximize your payouts.
Of course, success in eSports betting is connected to bankroll management. Ideally, you want to start wagering lower sums and progressively increase the bet value as your skills improve.
Expand your knowledge about the game
Being successful in your eSports betting journey is determined by how well you understand the game. Thus, a crucial step in choosing which team you should bet on is learning advanced gameplay strategies and how pro teams are preparing for their championship.
By having these insights, you will develop your intuition and quickly know why one team is more likely to win than the other. But how can you achieve this level of eSports knowledge?
It’s quite simple! First of all, you need to start by playing the game casually for a while. This action will help you understand its core mechanics and develop your ability to identify other players’ strengths and weaknesses.
Once you have the basics out of the way, it’s time to move on to the more advanced stuff. Most of you might not have time to explore the professional gaming scene for yourself.
Still, there is a simple solution – the eSports community.
Streaming platforms like Twitch.tv, or gaming dedicated Reddit forums can help you get valuable information about eSports. Most professional gamers are full-time streamers, meaning that they are continually recording themselves playing in real-time.
Frequently, pro players are training for upcoming championships, which allows you to learn what strategy they will use. By collecting this type of information, you will be able to make better predictions and improve your odds of winning. On top of that, the gaming community often makes highly accurate predictions on Reddit, so you should keep a close eye on the forum when there’s a big upcoming event.
Run in-depth research
Based on our experience, the more information you can collect about a particular event, the higher your chances of making an accurate betting decision. You should research the players, the teams, their match history, and their head-to-head performance. There are lots of online resources that can help you analyze the data and draw your conclusion.
Of course, statistics aren’t everything. You should also watch past games and learn more about how the players perform in a specific situation. The way you analyze the eSports teams depends from a game to another.
For example, in League of Legends, a player might be a Lee Sin “one-trick-pony” (he mastered the champion, and it’s hard to defeat him). So, if the enemy bans his champion, the team’s win-rate will be lowered. Similarly, a CS: GO player might have a high win rate on a particular map, so the enemy will ideally ban that map to reduce the team’s chances of defeating them.
This type of intuition is developed after spending time watching and analyzing data. However, we consider it a crucial step to your eSports betting success.
Learn how to calculate betting odds
Most of the time, online bookmakers will not offer you 50/50 bets on eSports events. How would they be profitable if they would go for this type of pricing strategy? Instead, they use odds, which are slightly different from traditional sport betting odds.
For demonstrative purposes, let’s suppose you want to wager on a League of Legends Moneyline bet where Ninjas in Pyjamas is going against Cloud9. On most betting platforms, the odds will look something like this:
- Ninjas in Pyjamas: +126
- Cloud9: -205
The negative number means that the team is favorite, and if you want to win C$100 on this bet, you would need to wager C$205 on Cloud9. In this example, Ninjas in Pyjamas is considered the “underdog,” and the positive number means that a C$100 bet will payout C$126.
Before you start betting on eSports, make sure you thoroughly understand how the odds work, which will allow you to build a solid strategy and improve your win/loss ratio.
Only bet if it’s worth it
One of the things most beginners get wrong is the betting frequency. Ideally, you want to avoid events that don’t offer you any value. That’s because odds are calculated based on implied probability, reflecting the team’s previous performance.
Therefore, we suggest investing time in learning how to identify value bets. In case you’re not familiar with “value bets,” they represent wagers that are considered to have a higher probability of an outcome to occur than the odds provided. For instance, if based on your analysis, you’ve identified that a team that has an estimated win rate of say 57% has higher odds, it’s a great idea to go for it.
On the other hand, if your analysis proved that the odds are below 57%, you should avoid it at all costs. Based on our experience, the ability to spot value bets is crucial in your eSports betting success, but refining your skills will take some trial and error and a lot of research.
Now that we’ve reached the end of our eSports betting guide, we hope that you will use these tricks to improve your odds of winning. Of course, these are just a small part of what it takes to be successful with eSports wagers, but you will surely get better chances by implementing them in your strategy.
The secret of success is consistency and staying up-to-date with all the events and changes to the games. As always, good luck and have fun in your gambling journey!