It’s astonishing to see how esports has grown over the years. From a small-time hobby, it quickly turned into a global sport that opened opportunities for esports fans to earn rewards by placing bets. But did you know that there’s more to this exciting activity than winning cash?
Once you get the hang of esports betting, you’ll find that there are many different ways you can enter an esports wager. Some of the most popular types are listed down below. Follow this esports betting guide to help you unlock a betting world that offers more than money!
Types of Esports Betting
Real money betting
Like how traditional betting works, you spend your regular cash or cryptocurrency on an esports match to earn some more. Cash betting on esports tournaments has various forms, including money line betting which is the most common way to place a wager on esports. Here, you can put your money on various types of outcomes and teams, be it the winner of an individual match or overall.
Skin betting
If you’re not one to bet big on cash, maybe skin betting is for you. Otherwise known as item betting, esports gamers and fans alike can enter a wagered match using game items such as weapons, armor, and even virtual currencies as a way to bet on esports. Skin betting is best done in games like DOTA 2 or CS:GO where avid gamers and collectors are on the hunt for cool items and upgrades. Esports betting sites where players can buy, sell and swap items and currencies for several of the most popular video games.
Challenge betting
Heavy gamers who have a real knack for esports games often go into head-to-head betting and organize a wagered match among themselves. In challenge betting, participants compete against one another in a match fueled by cash or game items. Some esports betting sites also host challenge betting events where teams or players get to enter by paying a buy-in and winning the pot set for the match.
Fantasy betting
In fantasy betting, you don’t bet on a particular outcome directly from an esports event. Instead, you put together your own ‘fantasy team’ and bet against other people who have also created their own. It’s just like how fantasy sports betting works, except the roster is filled with esports tournament players. Fantasy betting is a good way to put your esports knowledge to the test, since the wager usually requires paying attention to the whole series of the competition.
Social betting
Typically done among friends who want to create wagers within their circle, social betting is an informal way to bet on esports. Some use real money for this type of setup, but most of the time, the participants pay up through giving and exchanging skins or items with one another. Social bettors settle their wagers by setting terms in place that are agreed upon by both parties.
Esports betting is a massive arena. Its sub-parts mentioned in this esports betting guide are all worth exploring, but they key is to find one that best matches your taste and ability.