In-play esports betting provides an exciting and interactive experience for fans globally, contributing to the rapid growth of the esports betting market. In-play betting, also known as live betting, allows you to place wagers on esports matches while they’re happening, bringing excitement and complexity to the betting experience. Here, you’ll learn how to bet on esports while they’re still happening in real time.
Explained: Live Wagering On Sports Events
Live betting in esports is wagering on games while they are still on. This type of wagering is appropriate for those who have an in-depth understanding of at least one esports game and can reliably predict the state of a game 5-10-20 or 60 minutes from now, based on the current situation. Say you’re watching a multiplayer online battle arena (MOBA) match like Dota 2 or League of Legends, and the two teams have done their drafts. Asymmetries (benefits or drawbacks for either side) are easy to spot if you deeply understand the game, its character compositions, and what the teams want to do with them. As a result of these types of asymmetries, you can place a bet on either side of the game at that very moment simply because you know in advance what is likely to happen. The most significant distinction between standard and live esports betting is that the first type needs you to pick an option without understanding anything about the specific details of a game. In contrast, the second category provides you with additional information.
Esports Live Betting Strategy
Gaining an edge at esports live betting requires you to perform several things:
- Place bets after careful research and study of the professional scene in the desired sport. Otherwise, you won’t be able to assess in-game situations correctly and know the most likely outcome based on current events.
- Design a strategy for how you want to place a wager and what your limits are. It would help if you thought about the following:
Single-bet Limits: what is the maximum amount you will bet in a single instance? Single-match limits: what is the absolute maximum that you are ready to bet on a single match, during which you’re able to place various independent bets based on the way things go
- An exit strategy: if circumstances start to go badly, you can often cancel out an initial bet by betting a substantial amount on the opposite result while the team you’re wagering on still has high enough odds to allow you to do this. Some bookmakers sometimes enable you to get back some specific percentage of your initial wager and drop it entirely.
- Get ready to take swift action. And use dual screens, or at the very least, a single significant screen split in half. Bettors participating in live esports competitions should pay close attention to the action and watch for recurring trends. You also want to avoid using techniques like Alt-Tab, switching browser tabs, etc. It would be best to remain prepared and ready to place your bet within 5 seconds after assessing a circumstance and making a betting decision. The estimated time between the decision-making and successful placement should be short.
- Do your research ahead of time. It’s not a good idea to start reading up on the teams once the game has begun. Take care of it in advance. That way, you can relax more, knowing you have all the data you need. It inevitably leads to far more informed choices and better results.
- Be careful to click. Refrain from accidentally placing a bet on the wrong team, wagering the wrong amount, or betting on a bad game or even a lousy match event. These mistakes happen more often in esports live betting. It is because you must act quickly and sometimes are tempted to make all kinds of wrong assumptions. Pay close attention to all the essential components before clicking that ok button.
Frequently Asked Questions About Esports Betting
"Skin betting" is a form of betting that uses in-game items, also known as "skins," as a form of currency. These skins can be earned or purchased in-game, and can be used to bet on the outcome of esports matches or other in-game items or real money. Skin betting can take place through third-party websites that use skins as a form of currency, or through the use of in-game trading platforms that allow players to exchange skins with one another. The practice of skin betting has been controversial, with some arguing that it constitutes illegal gambling, while others argue that it is a legitimate form of virtual currency trading.
The process of determining odds for esports matches can vary depending on the bookmaker or the betting platform. In general, the odds will reflect the perceived likelihood of a particular team or player winning a match.
One way that odds are determined is through the use of statistical analysis and data. Bookmakers will use historical data on teams and players to evaluate their performance, and use this information to set odds. They will also take into account current events and factors that might influence a match, such as injuries or roster changes.
Another way odds are determined is through the use of public betting patterns. Bookmakers will track the bets that are placed on a particular match, and adjust the odds based on the amount of money that is being placed on each side. This can create a feedback loop, where the odds are influenced by the bets being placed, which in turn influences where people place their bets.
Bookmakers also use expert analysis and predictions from professional players and analysts to set odds. They also take into account the general perception of the teams and players on the scene, their performance on the previous tournaments, and the map pool.
It is important to note that the odds for esports matches can change frequently and rapidly in the lead-up to a match and during the match as well. So it's advisable to keep an eye on the odds and make sure to place your bets at the right time.
In-game items and virtual currencies can play a significant role in esports betting. As mentioned before, "skin betting" is a form of betting that uses in-game items, also known as "skins," as a form of currency. These skins can be earned or purchased in-game, and can be used to bet on the outcome of esports matches or other in-game items or real money.
Skins can also be used to purchase virtual currency, which can then be used to place bets on esports matches. Some bookmakers or betting platforms offer the option to use virtual currency to place bets, in addition to or instead of real money.
In-game items and virtual currencies can also be used as prizes in esports betting. For example, a bookmaker may offer a skin or virtual currency as a prize to the winner of a betting pool or competition.
In-game items and virtual currencies can also be bought and sold on third-party marketplaces for real money. This means that players can earn real money by selling in-game items that they have earned or purchased. This creates a whole economy around in-game items and virtual currencies, which factors into esports betting.
It's important to note that while some sites are legitimate, many are not, and the use of in-game items and virtual currencies for betting can be risky. Players should be aware of the legal and regulatory issues surrounding skin betting, and should only use licensed and regulated platforms.
Yes, here are a few tips and strategies for successful esports betting:
- Research and stay informed: Keep up to date with the latest news and developments in the esports scene. This includes information on teams, players, tournaments, and game updates.
- Understand the game: Have a good understanding of the game you're betting on, including the rules, strategies, and the current meta.
- Use statistics: Use statistics to help you make informed decisions. There are various websites that provide statistics on teams and players, including their performance in past matches and tournaments.
- Keep track of odds: Keep track of the odds for the matches you're interested in betting on, and make sure to place your bets at the right time.
- Manage your bankroll: Set a budget for your bets and stick to it. Don't chase your losses, and never bet more than you can afford to lose.
- Have discipline: Have discipline and control over your emotions, avoid impulsive betting.
- Shop around for the best odds: Different bookmakers will offer different odds for the same match, so make sure to shop around for the best deal.
- Specialize in a specific game or league: It's better to specialize in a specific game or league rather than trying to follow everything.
- Never overlook the underdogs: Don't overlook the underdogs, as they can sometimes pull off an upset, and offer better odds.
- Use a betting exchange: Consider using a betting exchange, which allows you to bet against other players rather than against a bookmaker.
It's worth noting that while these tips and strategies can help increase your chances of winning, there is no guarantee of success in esports betting, and it's always important to gamble responsibly.
Yes, we do offer bonuses for new players, such as sign-up bonuses, referral bonuses, and loyalty bonuses. These bonuses can be in the form of free bets, deposit matches, or cashback.
Yes, many online esports betting sites offer live betting, which allows players to place bets on ongoing esports matches.
The most popular esports to bet on include games like League of Legends, Dota 2, CS:GO, and Overwatch.
