The world of video gaming is one of the fastest growing and most exciting industries found anywhere, and the advent and explosion in popularity of playing select titles professionally for a living, known as ‘Esports’ is a huge driving force behind this rising level of value. With hyper-competitive tournaments available to watch for free on an almost weekly basis, it’s unsurprising to learn that betting on some of the biggest Esports titles has also seen a substantial growth over the past half a decade or so.
But can you really make the same sort of money betting on video games as you can wagering on real world sports? Read on to find out more.
How Does Betting On Video Games Work?
For the most part, the majority of competitive scenes present in the world of Esports mirror those found in their real world sports rivals, with wagering on the ins and outs of these games also following the same sort of formulas. The majority of games will feature players and professional teams who compete at various professional leagues, tournaments, events and matches, and bookmakers such as Esports betting specialists Unikrn will have a variety of odds and markets available for users to browse through.
Just like how in real world sports betting you have the option of placing wagers on season outrights and live in play and exotic markets when the action is unfolding, there are a number of ways you can start making money by betting on video games.
How You Can Start Making Money Betting On Video Games
It’s the dream of every gaming enthusiast out there to start using their passions and knowledge as a means of grabbing some extra cash, but there are a number of holes to remain mindful of before investing in the volatile world of betting on video games.
Just like how every successful real world sports bettor will remind you, the phrase: ‘Jack of all trades, master of none’ is an important thing to remember when it comes to making money when wagering. In the same way as one can’t claim to be a ‘sports betting’ expert and realistically bet safely and successfully on whatever sport happens to be on at a time, the same can be said for betting on video games.
Each and every video game title comes with its own subtle nuances and gameplay mechanics that influence the betting markets built around them, as well as naturally all the factors that come into play when considering where your money should go i.e. team rankings, head to head records, home/away advantages, player form etc.
This means that as well as understanding a video game’s mechanics well enough to read odds is one thing, but knowing the ins and outs of the competitive circuit and the professional teams competing in most of the events available for betting on.
Say you’re looking at the latest CS:GO betting odds at an Esports betting specialist such as Unikrn.com, and you see that Astralis are favourites for the upcoming IEM Katowice tournament. You know that Astralis have a deep map pool, are ranked at the top of the world rankings and have a combination of good recent form against the teams at the competition, as well as against some of the matchups heading into the event.
However, when they come into the semi-finals, you spot an opportunity when Astralis are drawn against a bogey team for them like Heroic on a map that they don’t play a lot like Mirage. As well as outrights and season picks, there are also betting options that revolve around taking advantage of live in play odds, which you can gain greater insight for by following a match or series on an online streaming platform such as Twitch.tv or YouTube, and game-specific exotic markets such as certain map winners, highest fraggers etc.
Identifying these sorts of markets is key in unlocking the true potential of your passion and knowledge for a game, and a great way of increasing the likelihood of you lining your pockets with the real value and outsider wagers the specialists use to get ahead of the bookies.