Esports and betting boom: Everything you need to know

In recent years, interest in esports has increased enormously. Online bookmakers already offer esports bets. Due to the fact that there has been a huge increase in video game live streams, the scene has been able to take center stage and has become one of the most promising industries today. Above all, there is no end to the hype in sight. But what should you pay attention to when planning to bet on esports? 

Is betting on esports legal?

It is impressive when you look at the development of the esports betting market over the last few years. A few years ago, esports was absolutely uninteresting for online bookmakers, but today you can bet on some events without any problems.

But is it legal to bet on esports events? The question of legality is always clarified in the respective country in which you want to place your bet. If traditional sports betting is usually also offered legally, you can assume that esports betting is also legal. However, you must be at least 18 years old to place tips.

However, one should not only focus on the question of whether esports betting is legal, but also whether the provider offering esports betting is reputable. One factor is licensing. That is, check in advance whether the provider has a gambling license. The footer of the homepage usually contains the regulating gambling authority and the license number.

The same applies if you would like to try your luck in the online casino. Here, too, you should make sure in advance that the provider is reputable.

What to look out for

There are a few things you should definitely consider before you choose a betting provider or online bookmaker. 

Seriousness

As already mentioned, it is about the issue of seriousness. Is the provider reputable? On the Internet you will definitely find test and experience reports here, if you are unsure or have the opinion that there are a few points here that are not quite right, despite regulation. If you find that the reviews are quite negative, you should keep your hands off the provider. But if the experiences are positive, the provider can be recommended.

Betting odds

Compare the betting odds of the different providers. You may be surprised that there are some differences. Also in the field of esports. For this reason, you should look at the betting odds so that you don’t end up choosing the provider that offers the most unattractive odds.

Bonus offers

Some online bookmakers offer bonus offers. For example the welcome or new customer bonus. The welcome bonus is usually a 100 percent bonus that doubles the first deposit. That means you capitalize your betting account with 100 euros and get 100 euros credited, so you have 200 euros available.

Be sure to check out the bonus terms and conditions. The bonus amount usually has to be wagered several times – and that too within a certain time window. You should only opt for this betting provider or their bonus offer if you think you can meet the bonus conditions.

Esports

Finally, you should also take a look at the esports category. Here, too, there are differences that should not be underestimated. While some providers offer many events in the field of esports, there are online bookmakers who hardly or only very few events are available here.

Only risk freely available money

 

No matter which tactic is pursued, in the end, you should only bet money that you also have freely available. There is no strategy that always wins. For this reason, you should only use money that, in theory, can be lost. Even when betting on favorites, you have to be aware that outsiders can also win once in a while.

Header: Yan Krukov / Pexels