Esports is among the fastest growing areas in the sport and recreation sector globally, and that rapid rise in interest has also produced an expanding esports betting industry.
Sites that deliver betting markets analysis, such as Legalbet.uk, are already offering a variety of betting markets associated with esports, and for anyone who is knowledgeable about the esports world, betting on these events can be a good way to add extra interest to the viewing experience.
Of course, when you’re betting online, you can’t afford to bet in a haphazard or chaotic way. In order to make the most of your knowledge and to limit your losses, you need to have a clear and effective strategy. But what exactly is an esports betting strategy?
Decide on Your Games
There are many esports games to consider, but spreading your betting across several of them at the same time is rarely a good idea. It is usually far better to focus on the sports that you know best, and on those that offer the most suitable betting conditions.
A lot of bettors on esports base their betting strategy around one of the big games: Overwatch, Dota 2, CS:GO or League of Legends, which are very high profile and which have large communities of fans and players. These games are likely to have the most tournaments and matches, providing the widest range of betting opportunities.
The big games will also come with long-established tournament structures and years of data and other forms of information to enable you to make the best betting choices. Being able to look through player and team data is a big plus when you are forming a betting strategy.
Do Your Research
Once you have decided which games you want to bet on, the next step in developing your strategy is to do your research. Just as you would expect to have to do research if you were investing in the stock market, so you should do your homework when it comes to betting on esports. To start with, you should take the time to fully research all of the players, teams and competitions involved in your chosen sport. This includes looking closely at their strengths and their weaknesses, along with their track record in the tournament in question. It is also a good idea to thoroughly research each tournament, going into detail on the rules and the structure of the tournament, as this can affect how a team approaches the competition.
Get the Best Odds
When you are betting on esports, getting the best price is hugely important. Bookmakers make their living according to whether they get the odds right and when you bet on esports, the difference between a loss and breaking even can be simply a question of getting the best possible odds. It is always a good idea to get into the habit of looking around at all of the available betting sites for the best price.
Bankroll Management
Managing your bankroll is another essential esports betting skill and proper bankroll management should form part of your esports strategy. For a start, the money that you use for betting should never be money that you cannot afford to lose. Additionally, you should never chase your losses, as this can lead to a series of problems, including potential addiction and severe loss of money. Set a sensible bankroll and stake, and stick to them, to ensure that you stay in control.
Consider the Live Options
Live betting has long been a popular option in traditional sports betting, but it is particularly well suited to esports, given that most esports fans will be watching their favorite players and teams via streaming services. Betting on live esports action can be an exciting and interesting way to bet, and for those with the in-depth knowledge and the quick reactions, there are opportunities.
Before you add live betting to your esports strategy, however, it is important to develop a separate live betting strategy, to ensure that you don’t get drawn into reckless or impulse betting. All the best in-play esports bettors have strong rules and strategies when they bet live.
Summary
Esports betting is not likely to make you rich, but it can be an interesting and diverting extension to your esports enjoyment, and by following the advice in this article, you may be able to increase your chances of landing an occasional pleasing win.