Esports betting is on the rise and offers gamblers an exciting new frontier. It provides numerous advantages to both experienced bettors and those just beginning in this industry.
One of the most thrilling aspects of esports betting is that it gives bettors an edge over traditional sports bettors who cannot make predictions as soon as events take place. With esports betting, bettors get to predict live games and matches, giving them a distinct advantage over traditional bettors who cannot make such predictions in real-time.
Getting Started
Esports betting is a relatively recent form of gambling. While not as commonplace as sports betting, it has seen an uptick in popularity over the last few years.
Beginning esports betting is an easy process. First, find a reliable online bookmaker that provides this type of gambling. Most sites will require some personal details and some money to open an account.
Once your account is set up, it’s easy to place a bet on an esports match. All that’s left for you to do is select which game to bet on and click the odds that appeal to you.
Outright betting on a winning team or player is one of the most common types of esports bets. But there are other opportunities for wagering as well, like handicap bets which allow you to put the strong favorite at an advantage and potentially win some extra cash.
Payment Methods
If you’re considering betting on esports, it is essential to select a payment method that meets your individual needs. Many sites provide various banking methods such as credit and debit cards for customers to choose from.
PayPal is another popular esports betting payment method. This service is accepted by most online betting sites and allows users to deposit funds quickly.
PayPal also provides an extra layer of security with their encrypted financial transactions, so you won’t have to reveal any of your bank or personal information.
PayPal is one of the most popular esports betting payment methods, though Visa and Mastercard may take longer to process your winnings.
Legality
There are multiple factors that determine whether esports betting is legal in the USA. Most notably, however, is the Wire Act which prohibits passing betting information through electrical wires.
While other countries that have legalized esports betting have established legal frameworks, the United States is far behind and in some cases has even prohibited esports wagers altogether.
Thanks to the United States Supreme Court’s recent overturn of PASPA, each state can now legislate and regulate sports betting independently. This provides much needed breathing room for the esports industry as they make strides towards success.
Nevada was the first state to legalize esports betting as an active contest in 2017. Although it took some time for this law to take effect and some restrictions still apply, it set a significant precedent that may soon overturn the Wire Act completely. New Jersey followed suit with League of Legends-specific esports betting in 2018.
Live Betting
Esports betting is an increasingly lucrative market. Unlike traditional sports betting, esports wagering isn’t controlled by government agencies and can be conducted in a variety of ways.
One of the most popular ways to wager on esports is live betting. This provides players with the opportunity to place bets during games, which can be especially advantageous if they have missed out on a point spread line before the match begins.
The initial step to successful live betting is finding a trustworthy online bookmaker. These sites usually have an experienced customer service team available to answer any queries about the process.
Esports wagering offers more than cash bets; it provides players with skins, which are virtual items from video games that can be traded amongst themselves and used for wagering on esports matches or other gambling activities like jackpot-style games or casino games.