eSports boost global gambling market

eSports is the new kid on the betting block, compared to other sports such as football, basketball or tennis. However, its popularity as a form of entertainment is boosting the global sports betting market.

According to Statista.com, eSports revenue in the sports betting market is estimated to exceed USD 2.3 billion by 2023. Historical data shows an annual growth rate of 8.05%. It is important to note that much of the global revenue is generated in the United States, where USD 760 million will be spent on the sport.

Projecting that rate, this portal forecasts that sports betting in this sector will reach USD 3.19 billion by 2027. These statistics are conservative for the global eSports boom.

China and its global impact

To observe the growth of eSports, one must look at the Chinese market and its global impact. Recent research puts the number of video game users in the Asian country at 668 million people. In other words, one out of every two people are gamers in that nation. This is therefore a potentially large number of people to become eSports fans.

eSports are becoming increasingly popular

The popularity of eSports can't be hidden. Games like Counter Strike Go, League of Legends, FIFA or DoTA cannot be ignored. Other research to analyse the eSports market estimates an annual growth of 12%.

Among the reasons to underpin such expansion are:

All these variables represent an incentive for the growth of the betting market in the eSports sector. eSports are especially popular in Asia. Europe is a strong second globally.

Betting on eSports

Betting on eSports refers to betting on competitive video game events.

Simply put, this consists of predicting the outcome of eSports matches or tournaments and betting on various aspects, such as the winning team, a player's performance or specific events during the game.

For this reason, Esports betting is becoming increasingly popular, with dedicated platforms. There are numerous esports bookmakers in Spain that also provide information on odds and various statistics. In this way, enthusiasts can participate in the growing esports industry by making predictions.

E-sports fans can follow the teams as they watch the competition and place their bets. It is also possible to place a bet during the competition or before the start of the match. There are also types of competitive games available at many online casinos.

eSports betting patterns

Many bookmakers have comprehensive coverage. It is therefore possible to place a bet before the start of an event. However, real-time betting has become very popular, and most bettors choose this option. Some of the types of e-sports betting are:

At money with fixed odds

This type of betting involves placing a fixed amount of money on the pre-set betting factor. Let's say you are in front of a League of Legends tournament and you want to bet $100 on the team "Team Alpha". The bookmaker offers fixed odds with a value of 2 in case that team wins the tournament.

In this case, to calculate your potential winnings, you should multiply your initial bet by the odds. This way, if your team wins, you would win a prize of $200, which is the result of multiplying $100 x 2.

Person-to-person betting

In this type of betting, two people can bet against each other. Here, the terms of the bet, the amounts and the respective conditions are agreed upon.

The rise of e-sports is unstoppable worldwide. It is essential to understand that betting on e-sports carries the same risks as any game of chance. There are many good underage gamblers who choose this option as entertainment, but they should not bet money until they are 18 or 21, depending on the regulations of each country.

Finally, before placing a bet you should be aware of the risks involved and understand the rules.