It seems as though Esports is a gambling structure that is here to stay. It has become widely popular year after year, with at least a 39% growth margin.
The business is doing so well that some people are switching from casino games to this shiny new toy. But what is Esports gambling and is it better than online casinos? Let’s get into it.
What Is Esports Gambling?
First things first, you need to know what Esports is. Esports is the official term for gaming competitively. Just as some people play American football against each other and get paid by sponsors as fans watch the show, online gamers do the same.
Fans will watch as players compete to either win the game first, outlast their competitors, or win the most points. Due to the number of viewers, championships have arisen for all different types of games. And whenever there is a championship or a tournament, there will be bettors taking their chances.
Gambling on Esports is just like gambling on other sports. You simply need to know the parameters, the goals, and the odds of the players. For example, with Fortnight, you might bet on a player to be the last one standing. Depending on how they have fared in other championships recently, and their known skill, their odds will reflect this likelihood. Bet on an underdog, and you’ll get a bigger payout (if they win), than if you bet on a favorite.
What Are Online Casinos?
Online casinos contain very different gambling styles to Esports. They contain the games you would expect in a traditional brick-and-mortar casino.
There would be a dealer (either a computer algorithm or a live dealer) which acts as the “house” who you play against. These games could be card games, dice games, lever games, or even ball games.
In this aspect, ball games are games such as roulette. In roulette, a wheel is spun and a ball is placed into the wheel. You bet on where the ball is going to land (either say a number or a color), and if the ball lands there you win.
Each game will have its own rules, and you can play many different types of games in one sitting.
The Pros Of Esports Gambling
The first amazing pro for esports gambling is that there isn’t an off-season. If you are in the mood to put down a wager, it doesn’t matter what time of the year it is. You don’t even have to switch to a different sport either. If your one true game is Overwatch, you don’t have to compromise your interest. There will be an Overwatch competition somewhere for you to join in with.
The second best thing about Esports is that there often isn’t a betting limit. On most platforms, you can bet as little or as much as you want, meaning you can win far more than you would with traditional sports gambling. However, that does lead us into our first con.
The Cons Of Esports Gambling
Because there is no limit to most esports gambling platforms, you can easily spiral into gambling debts. If you have the personality type that cannot control your spending limits, then getting started in this wild-west world might be too much.
The second con is getting into the games. Some games have a big learning curve, and if you’ve never played them yourself, you might not understand the rules. Unlike with IRL sports (in real life), you don’t learn these rules as part of your school upbringing. Some games you can learn as you watch, while others might seem like a mystery until you pick up the controllers yourself.
The Pros Of Online Casinos
Just like with Esports gambling, online casinos never have an off-season. However, these platforms are 24/7. You don’t need to wait until a tournament is announced to start making bets. It’s just you and the computer!
The second great thing about online casinos is that new versions of classic games are constantly being developed. For example, if you love slots but want a more interesting storyline to keep you hooked, you can find thousands of slot games to try.
The Cons Of Online Casinos
The issue that some people have with online casinos, is that the community atmosphere isn’t part of the experience. Of course, this is only true if you choose to play alone. There are options to play in groups, or join tournaments, but most online casinos are designed for small tables across the globe or structured as “player vs computer”.
The difference between Esports gambling and online casinos is large. The only thing they have in common is the ability to bet on the game.
Esports is more closely related to IRL sports gambling, as you bet on someone else’s chances to win. Whereas with online casinos, you bet on yourself.
We recommend putting money down on both platforms but should remind you that gambling can be addictive. Because Esports doesn’t have strong regulations yet, you need to set your own limits.