eSports is electronic sports which refer to video game competitions and professional gaming. While playing video games with your friends and even combine with a friendly wager has been common practices for decades – eSports has taken video gaming to a new level that previously many people thought were impossible.
The popularity of eSports has empowered the development of online betting sites. Betting on eSports in many ways is developing faster than the sport itself. That’s to say audiences, in general, are increasing at an exponential rate. A market intelligence company, Newzoo, shared in its Global Market Report that the sport will raise from 323 million players in 2016 to a surprising 589 million in 2020.
eSports betting is one of the fastest developing betting markets worldwide. There’s a long list of games that are played in professional eSports competitions and are available for real money betting. Nowadays, the most famous games in eSports are League of Legends (LoL), Counter-Strike: Global Offensive and Dota 2.
BETTING ON ESPORTS GAMES & TOURNAMENTS
The development of eSports has been incredible to watch. Professional gaming leagues began far back in the year 2000, but not until 2013 that eSports started to capture the public’s attention. Since then, the expansion of the global audience has contributed to substantial prize pools and plenty of wager interest from sports bettors.
Betting markets on the most famous games have increased from just a few wagers to a long list of percentages at some sportsbooks. Not only are the most popular games like League of Legends, Counter-Strike: Global Offensive, and Dota 2 are available for betting, but there are dozens of other games and events that are now getting the interest of players and make their way into eSports betting sites.
League of Legends (LoL) is currently the world’s most popular eSport. Dota 2 is the multiplayer online battle arena (MOBA) that began it all, but LoL has developed the MOBA format into a mainstream practise. The MOBA game type has an RTS base featuring heavy RPG elements. Two teams of five players will compete out on a map with the goal of destroying the other team’s base.