VIRLANThere are some pros and cons to betting on esports:
Pros:
• Predictability – Esports events generally have more predictable outcomes compared to traditional sports. There are fewer unknown variables that can impact the results. This can make esports betting more profitable.
• Growing market – The esports betting market is growing rapidly as esports grows in popularity. This means more betting options and opportunities.
• Engaging events – Esports tournaments and leagues are highly watched and engaging events, making them fun to bet on.
• Familiarity with games – For those already familiar with the esports games, it can be easier to analyze team and player strengths to make informed bets.
Cons:
• Volatility – The outcomes of esports matches and tournaments can be quite volatile and prone to upsets. This means more risk for bettors.
• Limited data – There is less historical data and statistics available for esports compared to traditional sports, making it harder to analyze for betting.
• Game patches – Patch updates to esports games can significantly impact team strengths and success between events, adding more unpredictability.
• Sponsorships – Team sponsorships and the impact of brand deals are less understood for esports compared to traditional sports.
• Entertainment first – For many fans, esports is seen more as a form of entertainment rather than a betting product, which can affect the betting markets.
In summary, while esports betting markets are growing, there are still pros and cons compared to traditional sports. Those comfortable with the increased risk and limited data may find profit opportunities, but esports remains more about entertainment for many fans. As esports and the data/analysis around it matures, betting may become more viable.
So it really depends on your individual risk tolerance, familiarity with the esports games and appetite for volatility when deciding if esports is good for betting. Just approach it with the same responsible gaming principles as any form of betting.
Australia is often associated with casinos and far fewer people are actually familiar with the popularity of betting in the country. In fact, the first gambling event was horse racing in 1810. And already in 1861 there was the Melbourne Cup, which is still in action today. The first bookmakers appeared in the 1930s but […]