Esports Betting Online 2023

First things first, what is esports betting? Well, esports is any type of video gaming competition played between teams or individuals. The main difference with traditional video gaming is that players compete against themselves in esports instead of the computer system. So, basically, there’s no meaningful difference between esports betting and traditional betting. Just that this time, staking is on virtual competitions like car racing, horse racing, football, PUBG, etc.

Interestingly, esports gambling traces its roots back to the 40s when the first video game saw the light. Later in the 50s, Tennis for Two was introduced as the first competitive virtual gameplay.

After that, things continued to explode for esports, with excellent players getting recognized in the 80s. More esports competitions were introduced following the rise of internet technology and PC gaming in the 90s, thanks to games like Doom, StarCraft, Tetris, etc. Today, esports is a mainstay in the gambling industry.

Esports betting odds reflect the probability of a match outcome and what the bettor stands to win on each market. Like in traditional betting, lower odds in esports represent the match favorites, with the team with longer odds being the underdog. Note, however, that the odds can be deceiving.

So, assuming two esports teams have +200 and -200 Moneyline odds, respectively. In that case, it means bettors can win $200 if they bet $100 for the underdog (+200 odds). This makes the total win to be $300 plus the initial stake. On the other hand, players can win $100 if they stake $200 on the hot favorite (-200 odds). So, again, the total profit, if the favored team wins, is $300.

Meanwhile, Decimal odds are prevalent in Europe, Asia, and Africa. In fact, this is the easiest odds to read in the gambling world. Here, just multiply the odds by the stake to determine the potential win. So, suppose a bettor is backing a team with 4.2 odds and stakes $100, it means the possible win amount is $420.

Lastly, bettors in the UK and Ireland are pretty familiar with Fractional odds. Like Decimal odds, these odds are simple to comprehend. For instance, when backing a team with 5/1 odds and you stake $100, the potential return is $500 (5x$100/). Just multiply the top digit by the stake and then divide the outcome by the lower number.

Like traditional online betting bonuses, esports betting bonuses are rewards given to bettors by the sportsbook. Typically, the bookie will give out bonuses to new players who create an account successfully. In addition, loyal players also get a wealth of bonuses after meeting specific conditions.

That said, new players may need to deposit a minimum amount to claim the bonus reward. But that isn’t always true, as some bookies will activate the bonus immediately without asking for a deposit.

Either way, read the esports bonus terms carefully before claiming it. Also, some bookies may need players to enter a bonus code to activate it.

As for loyal players, the bookie may offer occasional deposit bonuses and cashback. In other words, you must do something first to get this bonus. For example, the oddsmaker might decide to refund a certain percentage of the total weekly or monthly bet amount.

All in all, esports betting bonuses are beneficial to both the player and the operator. With a crowded online betting space, the bookies will certainly make do with an attractive welcome offer. As for the player, the chance to get a freebie from the usually stingy bookies is a welcome addition.

To be a successful gambler, embracing responsible gambling isn’t an option. It means that taking complete control of your betting sessions is a must.

As said above, a betting budget and timing your play will go a long way towards regulating your time at the sportsbook. Also, know when to quit or seek help if you feel that gambling addiction is catching up with you. And above all, treat betting as a pastime activity and not a profession.