Esports is an uncapped market for betting, it’s very recent so it has a lot of untapped potential and profit to be made. Video game publishers try to make it as fair as possible without restricting it. This new wave of popularity that esports betting is gaining a lot of momentum from is mainly due to the growth of esports organizations, agencies, and the worldwide heat of competition. Experts estimate that the annual wager of next year’s esports season is expected to reach $16 billion. The best thing about esports is that it’s hard to predict, betting has to be dynamic to sync with whatever is being offered in the scene. Esports betting is unbiased and isn’t related to third party entities like Twitch for example. We’ll give you our best 5 tips that can help you make the most out of betting on esports.
1- Choosing a Familiar Game
If you’re looking to make profit, then you need to have a deep understanding of the game mechanics you’re going to bet on. Operators set the odds using their own analysis and knowledge of the game, to beat them, you need to outsmart them in that aspect.
A lot of people are interested in more than one esport, gamers usually play more than one game, they do have a favorite but their gaming experience isn’t exclusive to it. Vulkan bet believes that betting live during the match makes it an exhilarating experience. It’s recommended to bet on one game which you have the most knowledge of if you’re looking for profit.
2- A Suitable Operator
Since esports became trendy and popular, a huge array of betting operators surfaced on the scene. Choosing a random one will still help you get into betting, but you’ll be missing out on a lot if you choose an unsuitable operator. They all have their pros and cons, but when you’re assessing a bookmaker take this into consideration:
- Variety of games
- Betting options
- Customer support
- Technicalities of placing a bet and withdrawing money
Choosing a bookmaker based on popularity alone can mean that they are trustworthy and have a big budget, but it doesn’t necessarily mean that they will have what you’re looking for.
3- Reading Reviews
Just like with anything, reading reviews from customers or clients is always a great heads-up. Even if you’re knowledgeable about the industry, you don’t know every bookmaker out there. You can then compare bookmakers to know how trustworthy they are and if they’re suitable or not. You can check websites that make it their job to provide constant reviews on new bookmakers.
4- Welcome Offers
Like any competitive market, betting is no different. There are a lot of competitors and they all need to attract as many bettors as possible, so they resort to welcome offers and bonuses. There are offers that give you extra cash to bet with when you deposit money. Welcome offers are usually better than most bonuses (which come with terms and conditions) because their main purpose to sign up new people.
5- Try to be Objective
If you’re looking to make a profit, then you need to remove any emotional bias towards teams or seeking the thrill of betting on an underdog. You need to analyze teams and matches objectively to make the best betting decision instead of simply betting on a team you love and hoping for the best.
Esports are becoming more regulated as they become more popular. Regulating of betting on esports stands to benefit the bettors more than anyone else. You need to know that betting should be done responsibly by putting a monthly budget that doesn’t affect your quality of life.