What is eSports Gambling?
eSports gambling is a modern form of sports betting which applies to competitive video gaming, rather than a sports match or race. Bettors select their winners from entrants in a video game contest, or ‘eSports tournament’, and win a return on their stake if their prediction is correct. eSports gambling also covers non-traditional forms of betting, such as skin gambling and challenge betting – where competitors bet head-to-head on their own victory in a contest.
eSports Gambling Explained
eSports is a common term for competitive video gaming. It is often applied to competitive gaming, where players compete online or at physical venues for a chance to win tournaments and take home cash prizes. eSports has become increasingly popular in recent years, with huge events held at major venues. Some casinos are starting to get in on the action, hosting major contests featuring professional video game players.
eSports gambling is the betting industry which has established itself around competitive gaming. The most common form of eSports gambling is just like regular sportsbook betting. Competitors in gaming contests are assigned odds based on their form and standing, and gamblers can make wagers based on those odds for the chance to increase their initial stake. These bets might be made unofficially between spectators, or purchased through a licensed betting operator.
eSports also covers ‘skin gambling’, where players bet virtual game items for the chance to receive higher-value items. This is a common form of online gambling which exists within video games, as well as through external operators. Professional gamers might also engage in ‘challenge gambling’, where they bet on their own success in a contest and challenge others to try and beat them. These more informal eSports contests use the money bet as a prize pool for the winner of the competition.