Explore the dynamic world of esports betting with Tonybet. From basics to advanced insights, this guide is a detailed introduction to newcomers and seasoned bettors alike to the burgeoning realm of competitive gaming wagers.

ESports Betting Overview

Esports betting is growing by the day as bettors can now bet on their favourite video games. This happened to be a big part of the COVID-19 pandemic as people were still looking for things to wager on. People wager on various esports games, including FIFA betting, NBA, and Call of Duty.

We can watch these matches through streaming services, including Twitch, YouTube, social media, and other websites.

Esports players are similar to professional athletes in that they can make a lot of money. If they do what the top players do, they can make millions of dollars per year.

ESports Betting 101: Understanding the Basics

The basics of Esports betting is understanding how it works. There are multiple ways to bet when betting on Esports, including which heroes are going to win the game, how many kills a player is going to have, how many points will be scored, and other ways.

The Rise of ESports: A Global Phenomenon

The rise of Esports betting is only going to continue to happen. With the global COVID-19 pandemic, we have seen a huge uptake in this already. That has not changed since the pandemic has been over and will not with it moving forward. People love to bet on this as there are people who can find edges just like there are in sports gambling.

The ESports Betting Market

The Esports betting market is growing, and although not every sportsbook offers it, Tonybet does. This could be a good thing for people who want to wager on Esports, as Tonybets offers the best live bets, pre-live wagers, rivalry bets, and other offers to enhance their ability to win. 

This will grow as ESPN sports betting will likely offer Esports in the future.

ESports Betting: Market Size and Growth Projections

The Esports betting market size and growth predictions are on the rise. According to news from Statista

In 2024, the projected revenue in the Esports Betting market is estimated to reach US$0.7bn. It is expected that this revenue will experience an annual growth rate (CAGR 2024-2028) of 10.41%. This growth rate will lead to a projected market volume of US$1.1bn by 2028.

If it did end up moving at this type of rate, chances are, more sportsbooks will start to offer this as something to wager on. They will not miss out on over $1 billion in market volume as it would become one of the most bet-on events in the space.

Trends Shaping the ESports Betting Landscape in 2023-2030

Some of the top trends in Esports are the video games that people are wagering on. League of Legends, Dota 2, CSGO, and other games have been among the most popular.

As it currently is constructed, a lot of people are placing wagers on shooting games. This gives them the best edge to scout who they are betting on as they can watch how they have played in other tournaments.

Types of ESports Games in Betting

The types of Esports games in betting vary. With nearly every head-to-head game being available to wager on, the market is endless. This should also be able to help people understand how much it is going to grow in the next few years as it just has started and many video games are already a part of the Esports landscape.

Popular ESports Tournaments and How They Work

Some of the most popular Esports tournaments are streamed on social media platforms and Twitch. 

Major ESports Titles Dominating the Betting Scene

The major Esports titles that are currently dominating the betting scene are Rocket League, Fortnite, League of Legends, and APEX. 

Part of the reason why these games are the ones that are becoming the most popular is because of the streamers that are playing them. When you have a bigger platform in terms of people who are watching, it is easier for them to grow the game. That also leads to more e-gaming bets on certain events.

Understanding ESports Bets

Similar to sports betting, it’s important to understand the different types of Esports bets. We do not want to get ourselves into something not understanding what we are doing. 

On Tonybet, you can find nearly every wager offered for Esports that will be on the market, including Valorant bets.

If we do not understand what we are betting on, we can find ourselves creating bad habits and not gambling safely. We still have to remember that this is real money wagering and very similar to what we do when we bet on sports. All money that is coming out of our pockets needs to be taken seriously, and we cannot look at it as anything different just because it is a video game.

Different Types of ESports Bets Available on Tonybet

The different types of bets available on Tonybet include esports betting in Canada, pre-match wagers, outrights, tournament winners, bracket or group winners, spreads, and over/unders, and PVP sports betting. It essentially offers us the same flexibility as it would if we were betting on sports.

How to Read and Interpret ESports Betting Odds

Unlike betting odds in sports, we will have to do more research when it comes to Esports betting. This means that you are going to have to find handicappers and people who can understand these lines to explain sports betting and explain sports betting odds to beginners. This could be, for example, Esports betting on Reddit or other applications.

However, we can also get an edge by doing what we would do if we were sports betting, and that includes watching some of the previous tournaments of the people who are going to compete. If we can understand the statistics of how they have played in bigger events, that could be a good indication of how they will play in the future.

The Appeal of ESports Betting

The appeal of Esports betting is something for others to bet on. For people who might not like sports and just enjoy playing video games and shooting games in other capacities, this could be the perfect place for them to place wagers. Not everybody in the world likes to bet on sports, and some people even believe that Esports betting is a little bit easier than sports betting.

Why Betting on ESports Has Become So Popular

The reason why betting on Esports has become so popular is because it is a growing game. The ability to play these video games and compete against some of the best players in the world as just a casual player allows people to watch who they grew up playing compete at the highest level and win them some money.

The Unique Thrill of ESports Wagering

Thrill is a major factor when it comes to sports betting, and that is always the case. That is no different when it comes to Esports. We might see somebody get a massive kill that we need or hit a shot that we need to win the game. When that happens, we get a unique thrill from the outcome. Depending on the severity, we could become addicted to the thrill.

Strategic ESports Betting

Strategic Esports betting is what we need to do if we want to become profitable. Similar to other ways to sports gamble, we always want to make sure that we can find strategies to help us win in the big games. If we do not have a plan, we are just blindly betting and going to lose money. It is different than the NFL, but there are certain strategies to follow.

Research and Analysis: Key to Successful ESports Betting

The research that we needed to do is either following somebody who understands what they are betting on, known as a tipster, watching past events, or watching new events to see if we can find an edge with live betting on e-bet sports betting. Research and analysis have to be similar to what we do when we bet on sports, as it is all the same at the end of the day.

Advanced Betting Strategies for ESports Enthusiasts

There are some advanced batting strategies that you can take a look at. Trends are starting to become available with more and more games in place and that is exactly what we need to focus on. If we can find advanced betting strategies for Esports enthusiasts, you will be able to find ways to make more money.

ESports Betting and the Law

Esports betting is not legal in every country, but the United States and Canada offer the option to bet online.

Legal Landscape of ESports Betting Around the World

The legal landscape of Esports betting around the world could be coming to a change in the near future. With many countries and certain states in America allowing sports betting, it would not be surprising to see Esports betting become a thing everywhere.

Compliance and Regulation in ESports Betting

There are compliance and regulation in Esports betting, just as there are in every betting platform. We can never allow ourselves to not follow those compliance and regulations, and that is exactly why Tonybet is the place we want to bet. They follow all of the legal compliances and regulations, which is what we want when looking for a sportsbook. Tonybet has this and is a factor in becoming one of the best esports betting websites and apps.

Challenges and Considerations in ESports Betting

Every time we gamble, there are challenges and considerations in Esports betting. Some of those include hooks, putting too much money on one player, players not playing well, and others.

Understanding the Risks and Rewards of ESports Wagers

Understanding the risks and rewards of Esports wagers will help us understand what we are betting on. It is a major issue if we do not understand that this is still real-money betting. We must understand that although there is a reward if we win, there is also a massive risk.

Ethical and Integrity Issues in ESports Betting

There are ethical and integrity issues in Esports betting. If you are betting on a 1v1 wager and it is not watched closely, there have been times when people do cheat. Video games are easy to cheat in and something that could happen if you are not careful.

Getting Started with ESports Betting on Tonybet

Getting started with Esports betting on Tonybet is simple and will only take a few minutes. Join the best esports betting sites when you create your Tonybet account.

Setting Up Your Tonybet Account for ESports Betting

If you want to set up your Tonybet account for Esports Betting, you have to create an account and then get to Esports wagering. It is simply the same as betting on sports when it comes to registering and placing the wagers.

Responsible ESports Betting: Guidelines and Tips

Some of the responsible Esports betting guidelines include therapy, recognizing gambling addiction signs, limit setting, and self-exclusion.

The Future of ESports Betting with Tonybet

The future of Esports with Tonybet is continuing to grow. Tonybet has made it a constant in their company to help the future of Esports betting and grow the game.

The Ongoing Evolution of ESports Betting

The ongoing evolution of Esports betting continues to grow. This is one of the biggest growing spaces in the world, and similar to sports betting, it does not have a cap. Whenever this eventually does fully take off, it will be one of the most wagered-on things in the world

Why Tonybet is Your Go-to Platform for ESports Betting

Tonybet is your go-to platform for Esports betting because it’s super easy to use, they offer bonuses, and their calculated odds are the best.

Whenever you are trying to find a new sports book, the interface is one of the best things that we can ask for. Not only does Tonybet offer us the best interface on the market, but they also offer us more ways to wager. Having more odds and more ways to bet can only lead to more profits if we know what we are doing.

FAQs: ESports Betting Essentials

Answers to Common Questions About ESports Betting on Tonybet

What Is Esports Betting and How Does It Work?

Esports betting is the ability to bet on video games. It is easy to work and is very similar to how you would bet on a regular sports game. If you find any sports wager that you like, you would put money on it and watch the event happen. If you win the wager, you will win money. There is nothing different in terms of how it works compared to sports betting.

Can You Explain the Recent Growth in the Esports Betting Market?

The recent growth in the Esports betting market happened during the COVID-19 pandemic. The recent growth shows the potential as games are only advancing and people are starting to play them more. With the younger generation loving video games, the market for this is endless. Depending on the month, Esports betting can get popular when regular sports offer fewer games. 

What Types of Esports Games Can I Bet on Through Tonybet?

You can bet all of the top games on Tonybet. This includes first-person shooter games, tournaments, and 1v1’s. If you are interested in betting on Esports, Tonybet is one of the best places to do so. They offer great lines and have more to bet on than most other places that offer Esports betting.

How Do Esports Betting Odds Work and How Can I Understand Them?

Esports betting odds are similar to what you see when you are betting on regular sports. A trader makes these lines and you would wager against it in the way you believe is correct. They are a bit more difficult to understand as we do not have as much data on this as we do in sports, but there are other trends and other ways that we can find out if this line is correct. Just like regular sports, we can certainly find mispriced lines.

Why Has Betting on Esports Become So Popular Recently?

The reason that betting on Esports has become so popular recently is that the younger audience loves video games. When they all turned the legal age to gamble, many of them decided to bet on video games because they had been watching some of these players play on Twitch for the past few years. It gives them a better understanding of what they can bet on and also allows them to bet on something that they’re comfortable with.

The COVID-19 pandemic also grew the game a ton, as there were no live sports in most parts of the world. Given that this was one of the only things that people could bet on, it allowed them to have something to do and win some money while doing so during a tough time throughout the world.

What Strategies Can I Employ to Improve My Esports Betting Success?

If you want to improve your Esports betting success, you have to make sure that you understand what you are betting on. The first step to getting better at Esports wagering is understanding what you need to be looking for. If you are someone who is not finding the correct lines and not betting on a place like Tonybet where you can get the best lines, you are going to have a harder time finding success in the long run.

EV sports betting is also a major addition to your arsenal.

Is Esports Betting Legal, and How Does It Vary by Country?

Esports betting is legal, and that depends on what country you are from. In the United States, Australia, Germany, and Canada, you are allowed to wager on Esports. In other countries, you can not.

What Are Some of the Risks and Rewards Associated With E-sports Betting?

The risks and rewards we have in sports betting will be the same with Esports. Anytime that we are putting real cash, crypto such as BTC and Ethereum, or other money at risk, it means that we do have something we can lose. 

That is why it is very important to understand that no matter what, we are still wagering real money. If we ever let ourselves believe that we are not doing that, that is when bad things happen. We have to be safe and understand that this is just the same as betting on sports, it just happens to be a different game.

How Do I Place an Esports Bet on Tonybet?

If you want to bet on Esports on Tonybet, you can go on the application and bet as you would normally when placing a bet on sports. All you have to do is deposit money into your account or use some of your existing funds and place the wager. There would be nothing different that has to happen.

What Should I Know about Responsible Esports Betting Practices?

As mentioned above, we always want to stay focused and ensure that we are betting safely. The only thing that we have to concern ourselves with when we are gambling is the fact that we are gambling. If we ever lose that reality, that is when bad things can happen. Just like sports betting, Esports is a way for you to make money, but it can also be dangerous.

If you believe that you do have an issue, always reach out to somebody and call the helpline immediately.