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The World of eSports Betting

By Hank Blaine

With millions of gamers and thousands of global tournaments played each year, computer games are rising and becoming one of the most mainstream sports in History. And in the world of online Bitcoin sports betting, it’s getting bigger and bigger.

In the middle of all this comes a new breed of superstardom, the Esports Superstar.

The best players in the world, from their own bedrooms, basements, living rooms, come to the outside world to compete in the globe’s largest stadiums, for up to 18 hours a day, immersed in their gaming rooms, with the mission to claim number one.

For those who work hard at it, that are dedicated, screaming fans, millions in cash prize and the glory of being champion awaits. The pride and the pressure has never been so great.

This isn’t a small deal at all. Take 2019, gamers spent over $138.7 billion alone. But it’s not only the gaming companies that are ranking in big cash, it’s the gamers also.Immersing into game playing is now a full time job that is making ordinary teenagers and young adults into millionaires.

Take Johan “N0tail” Sundstein who is worth $6.8 million. He has made this fortune playing games like Dota 2.

But don’t get mistaken, he is not alone, at all. There are gamers all over the globe that have paved their way into the million dollar club.

How Do You Make Money on Esports?

There are several ways that a gamer can make a living. Competing and live streaming your game are some. All these ways together can create a lucrative business, due to the massive fan base that comes behind this act.

Esports is basically playing at a professional competitive level.

But you aren’t just playing with online in your home, instead, you are actually going to a tournaments all over the world where there is a cash prize at stake.

In 2019 alone, eSports generated a whopping $1Billion. By 2021, it’s estimated that revenues could reach $1.65 billion.

The significant growth in projected revenue makes sense with groundbreaking new developments hitting these years in technology.

Nowadays an eSports company’s value actually are similar to a professional sports. Companies like cloud9 and Team SoloMid have different teams dedicated to a range of eSports league.

Cloud 9 has approx. 20 teams dedicated only to games like League of Legends, PUBG, Fornite, Rocket League, Counterstrike and more.

According to Forbes, Cloud9 is valued over $320 Million. That’s more than a 40% of the Italian Soccer League teams.

Like any other sport, eSports companies offer their players salary contracts for specific terms.

Each eSports League is based on a certain game. This is very similar to standard sports where each sports league is based on a certain sport.

Esports events are typically held in big arenas like in regular sports, such as the Madison Square Garden (Selling it out several times).

These events also are streamed live on their own platforms and on regular sports stations like ESPN.

Over the years the cash prizes on eSports have grown exponentially. There are plenty of tournaments that have multimillion dollar cash prizes.

Top eSports tournaments:

  • The International
  • Intel Extreme Masters
  • CS:GO Majors
  • Overwatch World Cup
  • Fortnite World Cup Finals
  • Evolution Championship series

The largest prize pool ever recorded is the 2019 Dota 2 International, the biggest win for players of Valve’s MOBA, reaching $30 Million Dollars. In 2019, out of the $1B in revenue, $400M came from sponsors.

Companies like Red Bull, Coca Cola, and Mercedes wade in cash loads to own the marketing space on esports tournaments. Considering also their online viewership surpasses 500 Million super fans.

Take Red Bull, they alone have 25 esports athletes on their roster that compete in almost every esports tournament.

As for Social media and the internet, sites like YouTube and Twitch provide gamers with tons of monetizable eyeballs. Take for instance, 1 Billion hours of content was watched in a given month alone in 2019. League of Legends taking #1 in viewership.

They actual way they get payed is through:

  • Merchandise sale
  • Ads
  • Sponsorships
  • Donations
  • Bits
  • Paid Subscriptions

Fans will pay to subscribe to a twitch partners streaming channel.

Streamers can also earn revenue from ads that run on the actual platform. Or sponsor streams of any given gamer brand, such as consoles, controllers, seats, monitors.

Some gamers such as Ninja, somedays surpassed 12 hours of streaming. With his 15 Million plus fans, he can easily bring in over $750K. That’s the perks of having 481 Million views and being accurate while gaming.

For these type of gamers, Twitch grew its viewership more than 50% in the past 2 years.

The Future of eSports

With only being a seven year old, League of Legends has been able to fill stadiums with over 45 thousand people and over 30 Million streaming from home. Those numbers now surpass any NBA Finals game audience.

Before filling up stadiums worldwide, eSports were already connecting hundreds of millions of gamers around the globe. There has always been people that have chosen to escape the real world and immerse themselves into a world of fantasy like the one eSports provide.

And now with the internet growing faster than ever, it’s now showing that televised sports will never be able to catch up.

Once called geeks, now called superstars. Hearing the cheers of thousands echo a world cup stadium, made it clear that eSports was getting its Super Bowl moment.

Rather than a marginalized subculture that parents tend to frown upon, eSports games are the newest part of a mainstream culture.

And anyone that tries to ignore its importance, will one day wake up wondering how computer games took over the world.

How to Bet on eSports?

Betting on eSports is just like betting on traditional sports.

In eSports, the most popular bet is match winner or match win, also known as the Head-to-Head, Money Line, Straight and other terms depending on the site.

The premise stays the same: you bet on which team you think will win the match.

As eSports are played with an international field, there are several formats used to express esports betting odds: decimal, American (also known as money line) and fractional.

Depending on what your geographical location is and where you are betting from, these tend to change. So you have to do your homework on what the lingo is.

Types of eSports BTC Betting

These are the main eSports betting markets available:

  • Group of Winner: You are betting on group which contains the overall final winner of the entire tournament.
  • Draw: You are betting on whether the outcome of the match results in a draw.
  • Group Winner: You are betting on the winning group of the specified tournament.
  • Handicap Bet: You are betting on whether the team with the handicap advantage or disadvantage.
  • Over/Under: You are betting on a prediction on a particular statistic in a given game.
  • Region Winner: You are betting on the specific region the winner is from. This is when the tournament are separated by region.
  • Total Rounds: You are betting on whether the overall match will go over or under a specific number of rounds.

These are some of BTC betting the markets available in multiple eSports games. To check out more about types of bets, tips and guides, visit us in our eSports news section at Nitrobetting.eu. Or to go straight to our eSports odds, click here.