What Is the Best Esports Betting Strategy? Tips and Tricks for Successful Betting

Betting on sports is a popular type of gambling that has a long and rich history, but as video games became more popular and esports emerged, people started placing bets on esports matches as well.

If you’re new to this, you might need a tip or two on how to best prepare and develop your esports betting strategy. This article will give you just that. With a few simple tips, we’ll help you improve your chances of making money while betting online on esports.

Understanding Esports Games

Before you start betting, you need to be familiar with the esports games you want to bet on. If you have very little knowledge of how a game works, you’re less likely to bet efficiently and make a profit.

Note that you shouldn’t always bet only on your favorite games – sometimes, the odds will be better with games that you know very little about. So, start reading, and more importantly, start playing – one of the best ways to understand a game is by actually playing it.

This way, you get to experience the game for yourself, and you’re more likely to remember the rules and come up with better esports betting strategies. However, if you don’t want to play, you can simply familiarize yourself with the games by watching matches on Twitch.

Here are some of the most popular titles in the world of online esports betting.

Counter-Strike: Global Offensive

Counter-Strike is a series of games created by several companies. A fact that some might be unaware of is that the first-ever Counter-Strike was created as a mod for Half-Life, but it ended up being purchased by Valve, who later developed it into a standalone game.

Currently, the most popular game from this series is Counter-Strike: Global Offensive, where counter-terrorist and terrorist teams work against each other. The terrorists try to capture hostages or plant bombs where the counter-terrorists need to prevent them from achieving those goals. When it comes to esports, it’s one of the most popular games, with many esports betting tips that you can find online for it.

Halo

This is another highly popular franchise. The first game was a huge success, so soon, Halo 2 and Halo 3 followed. Although the series used to be big in esports, its popularity declined over the years, and it was dropped from most contests.

However, Halo Infinite was developed with esports in mind, and the series managed to bounce back with the Halo Championship Series Pro League.

League of Legends

League of Legends, or LoL, is one of the most popular esports games in Europe and North America, and it was developed and released by Riot Games in 2009.

The game revolves around two teams of five players each. Each player needs to choose a champion, whom they’ll control during the game. Players can choose from over 130 different champions, and this list is always growing. The goal is to destroy the Nexus at the heart of the opposing team’s base, but there are several game modes overall.

Understand the Risk

While there are real opportunities to make money from esports betting and live betting, especially if you’re a skilled gambler with ample experience, it’s no secret that you could lose a lot of money.

One of the crucial points that needs to be made in any esports betting guide is that this type of betting, like any other, always carries a degree of risk. When players sum up what they’ve earned and what they’ve lost at the end of the day, not all of them end up with a net gain.

It’s easy to get carried away, feeling like you need to play just one more game to make back the money you’ve lost, but this is usually not a good idea. Before you start playing, take note of the risk and ensure that you know how much you’re willing to potentially lose.

It’s important to always gamble responsibly, and knowing the risks is the foundation of any betting strategy for esports.

Always Use Reputable Betting Sites

Most gamblers who bet on esports do it online because sportsbooks and land-based bookmakers aren’t common in many countries. Everyone who wants to join should make sure that the sites are reputable and comply with industry standards.

While some esports betting sites are better than others, keep in mind that you might end up betting on a website that’s actually a scam. So, before you start betting, do your research and check if the websites you chose are tested and reviewed by others.

Set a Fixed Budget

This is possibly the most important tip for esports betting. While it’s perfectly fine to lose occasionally, losses incurred from gambling can escalate into a big problem. Therefore, you need to think of your betting budget.

The best strategy here is to have a fixed budget and never go above it. It can be a weekly or monthly budget, and it should be set based on how much money you’re comfortable losing. Treat this budget as a hard limit and never bet past it.

Focus on the Value in the Odds

Many people base their betting strategy for esports on odds. They’re a great indicator as to how you should place your bets but remember that these are not exact estimates. Like in any sport, the dynamics change, and even the team with the best odds can lose.

To find value in odds means finding a situation where there’s a higher probability of winning than is estimated by the official odds. This is not an easy task, and it can be difficult knowing which team will perform better or worse than anticipated. This ability develops with experience and based on how well you know the game and the teams involved.

Make the Most of the Community

Other bettors can be a great source of valuable tips for esports betting. Among the gamers and bettors, there are those who have in-depth knowledge and who can help you learn and make better betting decisions.

There are numerous websites where people exchange ideas, so if you’re a newcomer, it would be a good idea to network with some experienced players, so that you come prepared for your first esports betting game.

Know the Laws and Regulations

Before you start betting on esports, check if this type of betting is legal in your country or state, as some regions ban it or restrict it to a certain extent. If you’re not sure where your local laws stand on this matter, it’s best to postpone betting until you obtain reliable information.

Furthermore, if you plan to bet on esports games using cryptocurrencies, be sure to also do some research into how crypto gambling is regulated in your country or state.

Final Thoughts

Betting on video games can be a fun pastime as long as you’re responsible, but it could be a slippery slope for those who come unprepared.

This article can serve as a solid basis for future bettors or beginners who want to put their money on some of the popular esports teams, but also as a reminder that we need to be financially responsible and smart when it comes to any sort of gambling.

FAQ

Can you make money betting on esports?

Making a living from esports betting isn’t easy, but it’s definitely possible to make good money from it. You need to prepare well, understand the risks and the odds, and determine which teams can bring you the most profit.

Where do people bet on esports?

There are many websites that let you bet on esports. However, make sure to check whether this type of betting is legal in your country or state before you start placing your esports bets, be sure that you’re placing bets on a reliable site, and make sure you have a good esports betting strategy.

Is esports easy to bet on?

Esports betting is no more complicated than regular sports betting, but if you’re not just betting for fun and want to make consistent profits, it’s important to do your research and come up with a viable strategy.