Can you bet on gaming tournaments

Gaming competitions, or eSports as they are also called, have become quite popular in the last years and the prizes offered have increased exponentially. With the rapid growth of the gaming industry, more and more money has been pouring in and more people have become interested in betting on this kind of competitions. After reading the article, you can check out Unibet’s sportsbetting offer, which includes eSports, and make the most of a hefty welcome bonus.

Before proceeding to talk about what happens on the betting scene, it’s worth mentioning that the term eSports refers to online video games with multiple players that are played competitively and watched by many spectators.

Nowadays, gaming tournaments attract significant sponsorship and there are professional gamers who actually earn a living participating in gaming competitions. And where there is money, gamblers will step in to place bets and take advantage of this newly formed economy.

To better understand the magnitude of the gaming betting industry at the moment, just know that the total prize for the 2017 League of Legends World Championship reached $4,596,591, while the International 2017 for Dota 2 set a new record for the prize pool at $24,787,916.

As a result, multiple well-known betting sites now allow gaming fans to bet on eSports tournaments just like they would a football game, or any other sporting event, even though betting on gaming events is still relatively new.

What’s more, sites specialized in eSports betting have also popped up, so it seems the future looks bright for this segment of the gambling world. One example is Unikrn, an eSports betting portal designed by the Seattle-based startup of the same name. Gamblers can place bets against the house and only on the outcome of a single match.

For some, the idea of betting on a particular gamer or a team in an eSports competition sounds far-fetched, but gaming fans who also love gambling can only rejoice at the opportunity. The transition from playing to watching others play and eventually to opening bets has come naturally considering the growing popularity of eSports, and people seem to really be excited about it, as they are eager to bet on their favourite gamers in a competition.

The major online bookies now offer odds on various titles that are viewed as eSports games, mainly games in genres like real-time strategy, fighting, first-person shooter, and multiplayer online battle arena. Some of the most popular ones include Counter Strike: Global Offensive, Dota 2, StarCraft 2, League of Legends, Heroes of the Storm, and others. In terms of betting sites that offer odds for eSports alongside regular sports, the list includes Pinnacle Sports, Bet365 Sport, Ladbrokes, William Hill, Betfair, 10Bet, Paddy Power, and several more.

Those unfamiliar with how betting on gaming tournaments works might wonder if the procedure is similar to placing bets on regular sporting events. And the answer is yes, it’s exactly the same thing, the only difference between betting on gaming tournaments and betting on traditional sports being that in the former players are competing in a computer game, whereas the latter competitions involve a physical encounter between the teams of players.