In this esports betting guide, we’re going to bring you closer to the most common mistakes bettors make when placing their bets so you can avoid doing them as well. Also, we’ll offer our betting advice in order to help you end up in profit.
What is Esports Betting?
In recent years, betting on video games, also known as esports became very popular. Punters enjoy betting on esports matches because there is always something to bet on. To make things even better, you’ll always be able to find a live stream for the match you bet on either on YouTube or Twitch.
The best part about esports broadcasts is that they’re always free, which isn’t the case with traditional sports.Betting on esports is also really fun and enjoyable, especially if you’re a gamer yourself and you know a thing or two about the game mechanics. There are also various betting markets you can use to give yourself an edge over esports betting sites. Live betting is also available, but we’ll touch base on that later on in this esports betting guide.
What Esports Can I Bet on?
As we already mentioned above, esports is a term used for a variety of video games. There are 20+ esports available for betting. Some esports like CS:GO, Dota 2, and League of Legends are covered in great depth, while others that aren’t as popular come with lesser coverage. Below, you can find which esports you can actually bet on.
How to Pick the Best Betting Site For Yourself
One of the best esports betting advice for beginners is to choose a betting site that suits your needs. If you’re just starting with your betting journey, you probably don’t know what exactly you’re looking for. There is no need to worry because we got you covered.
The two most important things when choosing an esports betting site for yourself are competitive odds and excellent coverage. Low odds are a problem because you’re not getting the most out of your wagers. As for the coverage, it’s important that the betting site covers the matches you want to bet on.
*below, you can find a list of betting sites that offer excellent odds and they cover every esports event on the globe.
Which Payment Methods Should You Use When Betting on Esports
Now that you’ve found which betting sites will take the best care of your esports bets, it’s time to talk about another crucial factor of our esports betting guide. There are three payment methods in total that we want to advise you to use.
CREDIT/DEBIT CARDS – using a credit/debit card such as VISA or MasterCard will provide you with fast deposits. If you’ve found a perfect bet and you’re running out of time, this should be your go-to method. If you’re new to betting, you should know that withdrawals to debit/credit cards take from 1-3 working days.
BITCOIN – if you’re used to trading crypto, then you’ll have no problems depositing and withdrawing funds. Bear in mind that this is the best payment method on the market for one reason. Instant deposits and instant withdrawals. Even though certain sites will charge fees for withdrawals, you don’t have to worry, this isn’t the case with the betting sites we suggested above.
*if you want to learn more about Bitcoin betting, don’t miss out on our esports betting with Bitcoin guide.
E-WALLETS – there are a lot of available e-wallets on the market. The most popular ones are PayPal, Skrill, and Neteller. It’s important to mention that only one site accepts PayPal currently, that being Betway. The main perk of this type of payment method is the instant deposit and fast withdrawals. Most betting sites will deposit funds to your e-wallet within 24 hours. It’s also important to mention that both Skrill and Neteller will charge fees when withdrawing funds to your credit/debit card.
Esports Betting Advice
Given the fact that we’ve been actively betting on esports for over 5 years now, we’d dare to say that we learned a lot. If you’re a newcomer to the world of esports, then you shouldn’t miss out on our esports betting advice below.
Bet on Esports That You Know About
This is easier said than done, especially for bettors that never played video games in their life. For the punters that actually know a thing or two about esports, we advise you to stick to the titles you know about. If you know about game mechanics, then you’ll have a better chance to spot a winning bet.
For instance, knowing how the economy works in CS:GO will definitely help you spot value in live betting. Also, esports like Dota 2 and League of Legends are based on early and late-game heroes. If you know which hero will scale the best, you can spot opportunities to make easy money, right?
If you don’t want to play video games, our esports betting advice for you is to either watch a lot of esports matches and try to understand how they work. You can also spend some time watching people play these video games on Twitch.
Follow Your Favorite Teams & Players
If you’re new to esports, trust us when we say it, you’ll get attached fast. In no time, you’ll have a favorite team and a player. To make things even better, you’ll also often place bets on your team just so things are more interesting for you.
In this esports betting guide, we want to state how important it is to actually follow your favorite teams and players. By doing so, you’ll find how hard they’re practicing and whether they’re going to play with the full roster or they’re going to use stand-ins.
Esports Live Betting is Very Profitable
This esports betting advice is directly tied to the knowledge of esports games you’re betting on. That being said, in CS:GO, some teams will have a map advantage. For instance, Nuke is heavily favoring the CT side. Teams playing on the T-side tend to lose quite a few rounds. However, the tides can easily turn once they start playing on the favored side.
Betting sites don’t acknowledge that and they offer much higher odds on favorites if they’re losing the first half. This is one of many ways you can make money live betting on esports.
Bankroll Management is Important
There are a lot of bankroll management methods available online. Our advice is to find the one that suits you the best. However, speaking from experience, you should never bet your entire bankroll as this is a perfect way to lose a lot more than you can afford to. Don’t forget the most important thing when betting, addiction isn’t something you should laugh off. If you need help, scroll to the bottom of the page and reach out to the services we listed.
Use Betting Markets
If you listened to us when choosing an esports betting site, then you’ll have a wide range of betting markets to utilize. In certain scenarios, match winner bet isn’t the smartest approach, especially if you know that two teams playing against each other always had nail-biting matches. This is why you can use “total maps played – over” bet.
Handicap betting is also a thing if you believe that favorites will have no problem beating their opponents. In CSGO, you can utilize round handicap while in other esports, kills handicap is the way to go.
Find the Highest Odds for Your Bets
Even though most people will stick to one betting site, we believe that this isn’t the way to approach esports betting. The higher the odds you place your bets on, the bigger the return. On paper, numbers aren’t that far apart. However, in the long run, you’ll definitely earn more money if you bet on the highest odds on the market.
This requires you to use payment methods such as Bitcoin or e-wallets which will allow you to deposit and withdraw funds immediately.
What NOT to do When Betting on Esports
This esports betting guide is based on the things you need to do in order to end up in profit. However, we understand that most of you are going to make mistakes when starting. Hence why we wanted to talk about the three most important mistakes you shouldn’t do when making esports bets.
Chase Losing Bets
This seems like a super easy thing to avoid, but you would be surprised how many bettors actually chase losing bets. Let’s say you deposit 50€ and you find a solid bet that didn’t go through. In anger, you decide to drop another 50€ on a bet you didn’t even research.
This can lead to massive losses and it’s not the smart way to approach betting. Bear in mind that chasing losses can seriously lead to addiction, which is why we want to advise you to be careful when betting.
Place Bets on Random Matches
Dropping low sums on matches you didn’t research is perfectly fine. However, betting big money on something you never heard of or researched is insanity. You need to understand that betting sites don’t mind making money on such bets. If you do your due diligence and research betting opportunities, you’re giving yourself an edge over betting sites.
Bet More Than You Can Afford to Lose
This one is really simple. If you have a dedicated bankroll for betting, then this isn’t going to be a problem for you. However, if you’re on a losing streak and you’re constantly depositing funds into your account, you could find yourself in a world of problems.
Betting is fun, but make sure you don’t turn it into an addiction.
Summary of Our Esports Betting Guide
In this esports betting guide, we tried our best to bring you closer to the world of esports betting. We touched on the most important aspects of betting such as picking a good betting site for yourself and which payment methods should you look into.
On top of that, you’ll also find esports betting advice and things to avoid when betting on esports. We hope that you’ll use these tips to their full potential and profit from betting on esports. If you have any questions that aren’t answered here, make sure you join our Discord where you can get all the help you need.
Esports is a term used for the competitive playing of certain video games like Counter-Strike, League of Legends, Dota 2, etc. The term esports betting stands for placing real money wagers on the outcome of esports matches and events.
Alongside traditional payment methods like credit cards(VISA/MasterCard), and e-wallets(Skrill, Neteller, PayPal, etc.), many bettors are also using cryptocurrencies such as Bitcoin, Ethereum, Tether, or Litecoin.
Esports betting is profitable and here's why. There isn't much information out there that betting sites have regarding esports matches. By doing the proper research, you'll certainly find odds that aren't realistic and capitalize on them.
The absolute best advice we have for someone who's just starting with esports betting or betting in general, is to never gamble more than you can afford to lose.