The esports industry is estimated to reach $1.5 billion by 2020, with more than half of that coming from betting on competitions. This makes sense: watching other people play video games is inherently interesting, and also an excellent opportunity for making money from esports betting. After all, the more people who want to make a bet on the winner of a particular match, the higher the potential earnings from placing that bet.
In this article, we explore the pros and cons of esports bet predictions, how you can make money from it as well as best practices for beginner esports bet predictions looking to get started right away. Read on to learn everything you need to know about esports Olympics and how you can profit from it.
What Is Esports Betting?
In simple terms, esports Olympics is the act of predicting the outcome of a video game competition. Not only that, but you’re also placing money on that outcome. If you’re correct, you’ll win your bet amount, but if you’re incorrect, you’ll lose that same amount.
In esports bet predictions, you’ll find that there are two types of wagers: Match Odds and Game Odds. Match Odds are primarily based on the skill level of each team competing in a tournament. Game Odds, on the other hand, are based solely on the outcome of one particular game.
Why People Love to Bet on Esports
There are two primary reasons why people love to bet on esports Olympics: The first reason is those esports Olympics competitions are incredibly exciting to watch. When you place a bet on an esports match, you’re not only watching, but actively participating!
The second reason is that esports bet predictions offers a level of excitement that is unmatched by virtually any other form of betting. You can place bets on a wide range of different outcomes, and with the help of live betting, you can also make adjustments to your bets mid-match. This makes esports betting incredibly thrilling and exciting.
How to Make Money from Esports Betting
The first thing that you need to do if you want to make money from esports Olympics is to find a trustworthy esports betting site. Very few websites are completely legitimate, and this is especially true in the esports betting industry.
Many esports bet predictions are scams, and even some of the legitimate ones aren’t fully trustworthy. There are a few things that you can do to make sure that you find a trustworthy esports betting site. First, make sure that the website is regulated.
Every country has certain regulations that companies must follow, and finding a betting site that is regulated in your country is critical. Second, check the reviews of the website online. You can typically find reviews of almost any company online, and these can help you determine whether or not a company is trustworthy.
Finally, make sure that the website offers the types of bets that you’re interested in making. There are hundreds of different types of esports bets, and you want to make sure that the betting site offers the types that you want to make.