As the world has flipped towards digitalization, online gaming has taken over the world at a fast pace. Esports are shining brighter than many physical sports today and transforming itself into a billion-dollar industry.
This revolution has not only been for gaming enthusiasts or fans of online games but also for betting enthusiasts.
As new betting apps are continuously introduced, they focus significantly on eSports besides physical sports. Bookmakers providing betting opportunities for physical sports have also advanced their services to include a section of eSports.
So, to be precise, finding an online betting platform devoid of the eSports section will be a blue moon situation.
Moving on with Esports betting, the market is tight, and you need a thorough understanding of the betting odds to craft a winning strategy. Fret not. This article will cover all of your questions about what strategies can help you win a betting spree in the eSports world.
Strengthen Your Basics
It is common for beginners to jump into betting without clarifying their understanding of the game. The betting does not follow causal gameplay as you do with video games. You are risking your money; therefore, it is much more crucial to understand before making any decision.
The first step to esports betting is to grasp the basics, which include;
- List down the key games and tournaments for which odds are better. Some major games that dominate the Esports world include,’ Dota 2’, and League of Legends.’ Such games boast an extensive player base and host ample tournaments globally. Betting in such games can boost your chances of making more money.
- Next comes understanding the fundamentals of placing the bets. Esports is not a random gamble that you place while scrolling down on your cell phone. It needs meticulous calculations based on understanding the odds, type of bets, and, most importantly, where you will place your bets, i.e., the platform. This knowledge will provide you with a robust foundation to build your strategy.
Analyze Teams and Players
Esports is similar to traditional sports, where each team has strengths, uniqueness, and weaknesses. Study the teams for the game you want to bet for and list their strengths that will likely carry the team toward success.
It is also important to understand the team strategies and see which teams have the potential to take over the tournament. Running a thorough analysis of overall teams and further down every player will provide you an edge over others placing bets against similar odds as you.
Data is rarely wrong, and research is the only way to make informed decisions. But ensure that the data is collected and sorted out by yourself. If you rely on the analysis of other people, they will only chain you down from taking a step ahead. So, rely on your research.
Sometimes, a game update is more beneficial for some players based on their strengths than others. Taking advantage of that, you can make some rewarding bets.
Balance The Betting Odds
Every betting enthusiast, whether for traditional sports or Esports, must remember that not all bets will have winning potential. There is always a risk, so you must learn how to manage it.
Relying only on winning doesn’t help you make accurate predictions; you must first understand how much you are willing to lose for the potential rewards.
Balancing the odds is critical to manage the risks level-headedly. Odds are precisely the probability of something happening, and they determine how much money you can make out of a bet.
The betting odds are volatile, with various influencing factors ranging from a team’s performance to public sentiment. Being able to interpret the whole situation and analyze the betting odds successfully can help you identify valuable betting opportunities.
Besides your analysis, placing your bets on multiple odds is equally important. Don’t put all your money in one type of bet; learn to diversify to mitigate the risk of losing everything on a single outcome.
Finally, time your bets. Knowing the right time to place bets is critical to winning big. For instance, in some games, it is best to wait and see how events proceed to settle for a bet; however, sometimes, it is better to place bets early when events are static.
To conclude, Esports is not about the thrill of the game, but betting along with it can also add emotional and thrilling value. Making money alongside your favorite entertaining activity is worth a shot.