The Rise of eSports Betting
Esports have become one of the fastest rising betting markets in the world. There are several factors for this, including the advent of cryptocurrency in sports betting markets, which makes eSports betting something that every handicapper should check out. See below for the top factors that has led to the rise of eSports gambling along with its strong connection to crypto sportsbooks.
Esports Betting is on the Rise
It’s all about data
The issue with traditional sports, from both a bookmaker’s point of view and the point of view of a sports bettor, has to do with data. For example, data regarding what happens on a football field must first collate and then be distributed in a specific manner.
A running back that gallops for a 70 yard touchdown doesn’t consider missed tackles or some other strange occurrence during the run. All the data says is “70 yard TD” and that’s it. But in eSports, the data is not only instantaneous, but it’s exact.
For example, while checking out an eSports League of Legends match, the data regarding which team has won the game flows while the game is being played. Gamblers must look back to see what happened.
There are also plenty of games to choose from including League of Legends, Call of Duty, Dota 2, Valorant, King Pro, Rainbow Six, and Counterstrike CS:GO. The plethora of games is expanding.
eSports broadcast outlets are expanding
It’s becoming easier and easier to check out eSports matches. Twitch and YouTube both show esports matches live. Organizations like Riot Games, which runs League of Legends and Valorant, broadcasts matches on Twitch.TV.
The Call of Duty League, EA’s hope to replace the now defunct Overwatch League, broadcasts on both Twitch.TV and YouTube Gaming. The COD League has quickly become North America’s favorite league.
The Call of Duty League 2024 Championships begin this summer on June 11. Make sure to mark your calendars as EA is all in on the highest grossing video game of all time.
Esports has a connection to cryptocurrencies
Web 3 gaming includes tokenization, which means that soon eSports will involve some form of Web 3 and crypto gaming. The model that current tokenized games have utilized to create vibrant communities will eventually find their way to the eSports world.
What it means is that sports bettors with Nitrobetting or other crypto accounts should have an easier time betting on their favorite eSports. From a technical standpoint, the connection between eSports and cryptocurrencies makes sense. Check out why.
- Transparency in both: Teams can decide to junk a match. So we must be vigilant of the fact that cheating can happen. However, because the data is instantaneous, and all eSports are video, computer based, games, there’s no way for a referee to throw a flag on a holding penalty when there isn’t one or for a ref to call a foul when no foul occurred. Transparency for both cryptocurrency and esports is at a premium.
- Crypto sportsbooks and eSports values anonymity: eSports rarely, if ever, reveals personal details about players, team backers, or anyone else involved. Crypto sportsbooks also value anonymity. Cryptocurrency sportsbooks require an email address and that’s it. You can open an account and play your favorite eSports games.
- Decentralization is the key: Riot Games runs Valorant and League of Legends but each nation has a separate league. South Korea has the LCK, China has the LPL, and in North America we’ve got the LCS. Cryptocurrency is by nature a decentralized entity. Bitcoin is transparent because anybody can check out the transactions the BTC chain, but we don’t know what the transactions represent and there is no Bitcoin governing body overlooking the transactions ala Mastercard or Visa overlooking credit card transactions. Esports if the fastest rising segment in the sports betting industry. The connection between eSports and cryptocurrency is apparent. All sports bettors, no matter if you are a casual or pro player, should check out eSports betting and consider adding it to your handicapping portfolio.
Where to Bet on eSports with Crypto
Esports odds are available all year round here at Nitrobetting. Create a Nitrobetting account now to win tons of Bitcoin from the 2024 eSports season with our up-to-date eSports futures odds.
Feel free to browse sports betting guides. While you are at it, go ahead and check out all the latest eSports betting odds and more in our online crypto sportsbook.
*All odds stated are subject to change without prior notice.
