How To Bet on Esports

Esports betting has rapidly grown in popularity, offering fans an exciting way to engage with their favorite games. With a variety of options available — from single-match bets to tournament predictions — there’s something for everyone. 

Esports betting offers many opportunities, including event prop bets. Popular titles like CS:GO, League of Legends (LoL), and Dota 2 lead the way, drawing millions of players and fans worldwide.

Since the legalization of sports betting in the U.S. in May 2018, 26 states and Washington, D.C., now permit esports betting, making it more accessible than ever.

This guide will cover the essentials and provide tips to help you place smarter bets. Ready to dive into the action? Let’s explore everything you need to know to enjoy the thrill of esports betting!

Understanding Esports and Its Growing Popularity

Esports has grown fast, turning competitive gaming into a huge industry worth billions. It has grabbed the interest of millions globally, with fans cheering for their favorite teams and players. Thanks to streaming sites like YouTube and Twitch, esports betting is now just a click away.

Esports has transformed competitive gaming into a global billion-dollar industry. With millions of fans and the rise of streaming platforms like Twitch and YouTube, esports has become a mainstream entertainment option. Events like the 2023 League of Legends World Championship, which drew over 100 million viewers. This showcases the scale and appeal of esports.

The esports betting market is booming, projected to hit $35.56 billion by 2031. Unlike traditional sports, esports provides year-round competitions, creating constant betting opportunities for fans and bettors alike.

Legal Landscape of Esports Betting in the United States

The US esports betting laws have seen big changes lately. Since 2018, when the repeal of the Professional and Amateur Sports Protection Act occurred, esports betting has grown. Now, over 30 states allow sports betting, with many including esports.

States like New Jersey, Nevada, and Tennessee are at the forefront of esports betting. Each state has its own rules for which bets it permits. New Jersey was the first to approve an online sportsbook for esports betting in 2022. This has encouraged other states to allow esports betting too.

But, not all states allow esports betting. Indiana, for example, bans betting on video games. Arkansas, Delaware, and Illinois haven’t made it clear if they allow esports betting. As esports betting grows, more states will likely change their laws to allow it.

Popular Esports Games for Betting

Esports betting has become a global phenomenon, with millions of viewers and bettors following their favorite games and players. Here are some of the most popular esports games to bet on today:

• Counter-Strike: Global Offensive (CS:GO) is the most bet-on esport. Its tournaments often have prize pools over $1 million, attracting many gamblers.
• Dota 2 is a close second in popularity. This multiplayer battle arena game has intense 5v5 matches. It has seen tournament prize pools go over $30 million.
• League of Legends (LoL) is also very popular, known for its unique gameplay and huge global fan base.
• Valorant is quickly becoming a favorite in esports betting. Even though it’s new, Valorant tournaments already offer big prizes starting at $100,000. 
• Call of Duty (CoD) also remains popular, with a dedicated esports league offering $6 million in prizes each season.

For fans of sports simulation, FIFA, Pro Evolution Soccer, and NBA 2K offer great betting chances. These games have major tournaments with big prizes, drawing both casual and serious bettors. As the esports betting market grows, expected to hit $2.5 billion by 2024, these games will likely stay top choices for gambling.

Types of Esports Bets

Esports betting offers a variety of ways to wager on your favorite games. Whether you’re predicting the winner of a match or betting on specific in-game events, there are numerous options to suit different betting strategies.

Here are some of the most popular types of esports bets:

• Match Winner Bet: Bet on which team will win a specific match.
• Series Winner Bet: Bet on which team will win a series (a set of matches).
• Map Bets: Bet on the outcome of individual maps within a game, commonly seen in games like CS:GO.
• Spread Betting: Common in games like League of Legends, where one team is favored or underdog with a point spread (e.g., -1.5 or +1.5 games).
• Prop Bets: Focus on specific in-game events, such as who will score the first kill or other unique occurrences during the game.
• Futures Bets: Bet on long-term outcomes, like which team will win a major event, such as the League of Legends World Championship, before the tournament begins.

These betting types allow fans to engage with esports on different levels, from specific in-game events to overall tournament outcomes.

Understanding Esports Odds and Payouts

Mastering esports odds is essential for informed betting. Odds come in three main formats: decimal, American, and fractional, each presenting payouts differently.

• Decimal Odds (common worldwide): Show total payouts, including your stake. For example, odds of 3.1 on a $10 bet return $31 ($21 profit). These odds also reflect implied win probability—3.1 translates to a 32.3% chance of winning.
• American Odds (used in the US): Represent profits for $100 bets. Positive odds, like +260, mean a $100 bet wins $260 for underdogs. Negative odds, like -165, indicate the amount you need to bet ($165) to win $100. A $30 bet at -165 would yield $18.18 profit.
• Fractional Odds (popular in the UK): Show profit relative to your stake. For instance, 2/1 means a $10 bet earns $20 profit. Higher odds generally signal lower win probabilities.

Bookmakers include a margin, typically around 2.5%, which slightly reduces potential payouts. To maximize value, use online odds calculators to compare options across platforms.

Always bet responsibly and confirm that esports betting is legal in your area. Look for cross-sport strategies, such as those in our boxing betting guide, to enhance your approach.

How To Bet on Esports: Step-by-Step Guide

Are you ready to explore the world of esports betting? This guide will help you get started. 

1. First, choose a game like Counter-Strike: Global Offensive or League of Legends. Learn the rules and the top teams to make smart bets.
2. Next, find a reliable sportsbook for esports betting. 
3. Create an account and add money. 
4. Go to the esports section and look at the matches. You’ll find bets like match winners, handicap bets, and even first blood.
5. When you’re ready to bet, pick your bet type and how much to bet. 
6. Make sure everything is right before you confirm. Remember, there are different match formats, like best-of-one or best-of-seven. Each format changes how you bet.

Keep in mind, that upsets in esports are rare. Still, it’s smart to manage your bankroll well. Think about recent team changes and their performance in tournaments.

As you get better, try more complex bets like correct score or tournament winner. Some sites even offer live betting for more fun. With practice and research, you’ll get better at esports betting.

Choosing the Right Esports Bookmaker

Finding the right esports bookmaker can be challenging. Look for platforms with competitive odds, diverse markets, and a smooth user experience. Prioritize those with strong reputations and proper licensing.

Top options for esports fans include:

• Bovada: Offers a wide range of esports and a 50% signup bonus up to $250.
• MyBookie: Provides a 100% signup bonus up to $1,000 in free play.
• XBet: Features a user-friendly mobile app and a 50% bonus up to $500.
• BetOnline: Established in 2004, it has seven esports markets, a 50% signup bonus up to $1,000, and a 25% reload bonus up to $250.
• GTBets: Rewards loyalty with cashback and merchandise alongside a 100% signup bonus up to $500.

Consider factors like payout speed and deposit methods. For example, Pinnacle, founded in 1998, excels in fast e-wallet withdrawals, accepts Bitcoin, and streams live esports games to enhance the betting experience.

By evaluating bonuses, terms, and usability, you’ll find the perfect esports bookmaker tailored to your needs.

Strategies for Successful Esports Betting

Effective strategies can enhance your success in esports betting. Begin by focusing on popular games like League of Legends, CS:GO, and Dota 2, which offer the widest range of betting markets. Researching teams, players, and recent performances is essential for making informed wagers.

• Bankroll Management: Set a monthly betting budget, ideally 10-20% of your income, and stick to it. Use fixed or variable staking plans to determine wager amounts. This disciplined approach helps you bet responsibly and avoid chasing losses.
• Bet Types and Timing; Understanding bet types is critical. Options include pre-match bets, outright picks, and live betting. Live markets, such as ‘first blood’ in MOBAs or ‘first kill’ in shooters, add excitement and require quick decisions. Tailor your strategies to the early, mid, and late stages of matches to maximize potential returns.
• Choosing the Right Bookmaker: Select a bookmaker that offers a wide variety of esports games and markets. The best platforms combine competitive odds, user-friendly interfaces, and additional features like live streaming.

Flexibility and adaptability are key — adjust your strategies based on game dynamics and market trends. With thorough research and careful preparation, you’ll be well-positioned to excel in esports betting.

Embrace the Thrill: Mastering Esports Betting Responsibly With All The Picks

Esports betting merges the excitement of competitive gaming with the thrill of wagering, offering enthusiasts a unique and rapidly growing opportunity. Success lies in understanding the games, researching teams, and using reputable platforms. 

Whether you’re a seasoned bettor or just starting, managing your bankroll is essential. Staying informed is key to enjoying this dynamic betting landscape responsibly.

At All The Picks, we’re here to guide you every step of the way. Our in-depth guides, expert tips, and up-to-date insights empower you to make smarter bets and enjoy the thrill of esports betting responsibly. Whether you’re exploring your first wager or refining advanced strategies, our resources will equip you for success.

Discover your winning strategy with All The Picks — because smart betting is responsible betting. Dive into our comprehensive content today and unlock the full potential of esports betting!