E-sports is a booming industry that generated over $1 billion in revenue in 2019 alone. Leading to this now professionals compete in multi-million dollar tournaments watched by millions of people across the globe through different streaming platforms. Esports, a term primarily used for competitive gaming, shares many similarities with traditional sports, including fans supporting their favorite teams, watching matches, and placing bets on the outcomes.
Esports are typically live-streamed, with millions of viewers and fans from across the globe watching their favorite contests. This has led to esports becoming a billion-dollar industry in a short span, especially in the recent few years. Mostly there are two types of esports, the simulation of real-life sports from FIFA, NBA, and MLS with their esports teams and on the other hand classic esports games like League of Legends, DOTA 2, and CS: GO.
Streaming platforms like YouTube and Twitch have made it seamless for viewers to watch their favorite teams compete. Like traditional sports, successful players earn substantial salaries, and the biggest esports tournaments worldwide feature teams and players competing for millions of dollars in prize money. This is just the tip of the iceberg because in this blog we will discuss everything about the highly-demanded Esports betting and how you can benefit from it as an entrepreneur.
Table of Contents
The COVID-19 pandemic has significantly fueled the growth of the esports industry In early 2020, virtually all real-life sports events stopped for obvious reasons. Moreover, to overcome the impact of the coronavirus crisis, the sports betting industry immediately shifted towards esports, leading many people who were previously betting on traditional sports to switch to esports as well.
Esports betting is more about allowing players from across the globe to win exciting prizes by indulging in online gaming through different games like Counter Strike Global Offensive, League of Legends, DOTA 2, StarCraft 2, and Valorant. The only difference between regular gaming is that most people prefer this for their entertainment, on the other hand, the players who participate in Esports tournaments are often rewarded with prizes worth millions. The whole contest is live-streamed on different platforms like YouTube and Twitch while the bettors from different countries place bets on their favorite teams to win exciting rewards.
Read More:- A Complete Guide For Esports Tournament Platform Development
Although people can easily place bets before the esports event commences, however, live betting while the match is in progress has come out as the most preferred option for esports betting lovers. Now you must be curious to know if there are different types of bettings in the esports category, well the answer is yes! Herein we have mentioned the most common types of esports betting:
Additionally, some esports bets are specific to games like CS: GO, League of Legends, and DOTA 2, including bets like the first map, first kill, and first blood Others are more generally available, these include:
Being a European online gambling website founded in 2018, 22Bet aims to offer players the best possible online gambling experience worldwide. Since Esports betting emerged during the pandemic, the platform has become more popular among the youth, especially those who look forward to gaming daily. Besides sports betting, 22Bet offers a full online casino with slots, table games, and live casino options Moreover, a big part of the draw for 22Bet is the full range of sports on which players can place bets and regardless of which sport you choose, 22Bet will always have something for you. In addition to an extensive list of sports betting options, the site also offers lines on tournaments other than regular sports, including esports bets, considered one of the most profitable betting options besides the betting conducted just on real sports.
Considered both an online sportsbook and an online casino, Betway offers competitive betting options on multiple sports including soccer, American football, and basketball. They also have an impressive selection of niche sports, like table snooker and tennis. Not only this, players can also find all the popular esports on their site as well. However, the users are not satisfied with just this and are seeking something more entertaining, and at the same time, it should be falling into the present-day scenarios. Fret not because Betway will not let any of its users go empty-handed. The main reason for this is undoubtedly esports bettingWith this new generation of betting you can place bets on different teams that are competing with each other in major tournaments, where the winning prize pool for the players who are participating are given a chance to win millions of dollars playing esport dedicated games like CS: GO and DOTA 2.
BC. Game has to be one of the best-looking platforms on the list. Offering a design, this BC. filled with quirky graphics. But underneath all that, is it any good? If you’re looking for a casino experience with new-age betting options, BC. Game crypto betting could be the end of your search. Moreover, the platform is not limited to offering a fantastic welcome bonus as it also brings a huge selection of games to enjoy that consist of several exclusive titles. Of course, the platform allows the bet on esports and in exchange ensures exciting rewards like a welcome bonus of 300% on their first deposit and a further 240% for the 2nd deposit.
We know that it can be difficult to find an online provider that offers efficiency and effectiveness at the same time. But your wait is all over if you are looking for a platform that offers esports betting and at the same time other standard sports betting options to you. Moreover, unlike many other casinos, you won’t have to worry about any scam-related issues when you are going with Dafabet. Dafabet offers an easy-to-play, immersive, and great casino experience for any budding, or experienced player who is looking forward to jumping into the world of esports betting or just betting in general, Dafabet got you covered.
The look and feel of Melbet have a delightful appeal and the interface does seem a little too cramped but that is because of the huge set of entertainment opportunities that Melbet offers to you. You can be sure you will get your money, unlike so many gambling sites nowadays, Melbet is very safe and legit. Being one of the top-rating sports gambling sites on the web, considering it specializes in sports betting and esports betting, no wonder this platform is extremely popular with sports betting enthusiasts.
Also Read :-The Best Sports Betting API Provider in India
Despite the jaw-dropping numbers, esports does not appear to stop growing any time soon. Especially when you compare it to the fan base of football and horse racing, there’s no sign of the growth coming to a halt with the active participation of the audience which is continuing to rise with every passing day. Most importantly unlike other sports, there is no need to wait for a particular time in the year when the tournament would begin and can be played all year round. But that’s not it, there are countless different games within esports, from League of Legends and Dota 2, to Call of Duty and even Rocket League, meaning no one would be left aside and there is something for everyone. In short, this means that now is the best time to jump into this world and invest in esports betting platforms.
As top-tier esports clashes are going on all year round, finding something to watch couldn’t be easier especially when some regular matches and even big tournaments are streamed for free on various websites. This is in direct contrast to traditional sports that often require a subscription to a costly service or platform. Moreover, being easily accessible, esports has resulted in massive viewing numbers for their tournaments, that majorly includes the League of Legends World Championship which managed to pull 100 million viewers alone in 2019.
The only thing surprising to those who are unfamiliar with the concept of Esports is that a lot of the markets available are similar to the markets you would find on your average football match. For instance, you may be considering betting on your first Dota 2 match, but come across a market known as the ‘Moneyline”. Moreover, there’s also an array of handicaps bets, just as there are in football and even “first blood”, which is where you bet on a certain team to get the first kill in a match having resemblance with the first goal scorer in football.
With the evolution in technology, the currencies had to go one step forward as well. This is the reason in the case of esports betting some websites moved over to using cryptocurrencies following the requirement of the time and user. This can range from famous ones like Ethereum to more advanced cryptocurrencies like SkinCoin, providing more ways to bet and making the marketplace even more accessible.
The games used for esports are like any other piece of software, in the sense that they are constantly re-evaluated and maintained, where the developers with their experience make necessary changes and improvements to the gameplay. This ultimately results in new characters, items, abilities, and even stages/maps coming into existence or getting upgraded in esports betting sites. This means there’s always something new to get excited about. But that’s not it because top new games are always in production, creating an ever-changing landscape that becomes the hook for the users to stay on the esports betting site. So, whereas most mainstream sports stay mostly the same, esports are always evolving, keeping it interesting for gamers and bettors alike.
Here is the list of features that an esports betting site offers:
The first and foremost feature that one must ensure in an esports betting application is an interface that remains seamless for all sorts of users. For this, you should develop your esports betting application in such a form that it becomes a piece of cake for the end-user to find their favorable sports events and start placing bets. Overall you should make sure that your esports betting site has a clean and organized ensign that makes it easy for users of all ages to navigate through the application seamlessly.
Security is one thing that the sports betting user always looks for when he visits the betting site. To provide the user with a secure esports betting experience, you should ensure that the application is end-to-end encrypted, meaning that the data of the user including his credentials are secure from any cyber threat. Taking this sole factor into priority will provide your esports betting site with ample customer retention and acquisitions.
If you have managed to bring customers to your Esports betting platform now is the time to make sure that you offer attractive bonuses to the users. Ensuring this will hook the customer to your platform and will eventually become your permanent user. Bonuses and rewards are the primary reasons that the user intends to visit esports betting platforms. If the users do not find rewards and bonuses worth the bet they will not spend their valuable time on your esports betting site.
Another important feature that should be considered before launching your esports betting site is ensuring that provides multiple payment options to the users. Payment methods like Paypal, Skrill, Neteller, Crypto, and Credit cards are the most common payment methods that esports betting sites consist of across the globe. The reason behind this is simple in the present time there are not one but multiple options available in the market for payment and users don’t want to stick to one but prefer multiple payment options in the present time. Henceforth considering the above-mentioned payment methods will be a great move for your esports betting site.
One of the most important things that esports betting development companies often forget to put in the esports betting applications is the support of multilanguage. This means that often when users visit your platform then they will find options for choosing their preferred language from the option of multiple languages available on the esports betting sites. This will ultimately result in taking your platform to a global audience and expanding.
Also Read: How to Start an eSports Business? A Complete Guide
Online Esports betting has become the need of the hour. As the craze for Esports games and live streaming is at an all-time high, you need the best esports betting software to rely on. For this, you can contact BR Softech which is a highly reputed esports betting software company that has been catering to the requirements of clients from across the globe. Be it bettors, or entrepreneurs, everyone is talking about the significance of Esports betting platforms to make a difference. Choose us to get these impeccable benefits:
Ans. These are the websites that you can rely on to place bets on esports tournaments:
GG.Bet
BC.Game
Betway
22Bet
Dafabet
Ans. Games like League of Legends, Overwatch 2, and Rocket League can be the best games to start playing esports. However, you can also prefer games like DOTA 2 and StarCraft 2 which are considered one of the most popular esports games of the present time.
Ans. Yes! Esports betting is completely safe but it is advisable to read all the related instructions mentioned on the esports betting sites before jumping into the highly rewarded esports betting.
Ans. However certain factors decide the actual cost of developing an esports betting site. If we estimate the cost, it would roughly range between $15,000 and $20,000 with basic features. However, if you aim to develop a more advanced platform, the price can rise to $40,000 to $60,000
