The Rise of Esports Betting and Gambling

FAQ

Is esports betting legal?

eSports betting regulations in the United Kingdom state that this form of betting is perfectly legal if you are over the age of 18. Research shows that 57% of people interested in esports betting are under 35 years of age, so reputable esports betting sites ensure that all checks and validations are complete before a person can place their bets.

Where can I bet on esports?

When you’re looking to bet on esports, the biggest hurdle you’ll face is finding the right esports bookmaker. Even though there are dozens of websites offering esports bets, unscrupulous, unethical, and illicit sites remain an ever-growing issue, which could put a dampener on the growth of esports gambling.

Some sites offer top quality to their bettors. However, for every legit gambling platform, there are plenty of shady ones that simply want to take your money. You shouldn’t trust these random sites with your money, and you should do your homework even on sites that look trustworthy. Here are some of the things that a good esports betting site will have:

  • Experience in the field and a good reputations
  • Good usability
  • Generous bonuses and rewards
  • Good coverage of esports events
  • Live esports betting opportunities
  • A wide range of betting markets
  • Competitive odds and lines
  • Multiple deposit methods
  • Fast payouts for winnings

How do I bet on esports?

Betting on esports is not much different than betting on traditional sports. In esports, the most popular form of betting is making straightforward wagers like picking the winner of a match or tournament. However, there’s also challenge betting, straight betting, and many other niche wagers that your online betting site of choice might offer. The premise can be very simple, and players can make wagers on who they think will win the match after deciding on the odds.

Depending on which part of the world you come from, the odds will likely be displayed differently. Some popular odd formats include decimal, moneyline (American) odds, and fractional odds. When it comes to esports betting in the UK, the most common format of odds is fractional odds.

Is esports gambling on the rise?

As we cover in this article, esports is a rapidly growing industry. Since 2015/2016, thanks to the emergence of licensed esports bookmakers, the esports betting sector has undergone a revolution. 

While the COVID-19 pandemic caused the cancellation of almost all professional sports leagues around the world, esports showed its resilience. The major in-person tournaments had to be cancelled, but many competitions still took place online so that nobody would have to put themselves at risk. Thanks to the digital nature of esports, this was extremely easy to do and provides a model for how major events might be conducted in the future.

The lack of competition during the lockdown has resulted in the rise of esports betting among not just gaming fans, but also with punters who would otherwise bet on traditional sports.