Esports, also known as electronic sports, is a rapidly growing industry that involves competitive video gaming. It has gained popularity over the years, and with the rise of live streaming platforms, it has become even more accessible to the general public.
With the increasing interest in esports, it comes as no surprise that live esports betting has also become a popular activity. In this article, we will explore the world of live esports betting, including its history, how it works, and the various types of bets available.
History of Live Esports Betting
Esports has been around for decades, but it wasn’t until the 21st century that it started to gain mainstream attention.
The first recorded esports event took place in 1972 at Stanford University, where students competed in a video game tournament for the game “Spacewar!”.
However, it wasn’t until the early 2000s that esports began to gain traction, with the rise of competitive gaming leagues and tournaments.
Live esports betting, on the other hand, is a relatively new concept. It has only become popular in recent years, with the growth of online betting platforms and the increase in esports viewership.
The first recorded esports betting event took place in 2010, when the International e-Sports Federation held a tournament for the game “Starcraft II”.
Since then, the industry has continued to grow, with more and more online betting platforms offering live esports betting options.
How Live Esports Betting Works
Live esports betting works much like traditional sports betting, with a few key differences. In traditional sports betting, bettors place bets on the outcome of a sporting event, such as a football game or a boxing match. In live esports betting, bettors place bets on the outcome of an esports match or tournament.
Bettors can place bets on a variety of esports games, including popular titles such as “Dota 2”, “Counter-Strike: Global Offensive”, and “League of Legends”.
Betting options vary depending on the game and the betting platform, but common options include betting on the winner of a match or tournament, the number of rounds played, or the first team to score a certain number of points.
Live esports betting can be done online, through a variety of online betting platforms. Many platforms offer live streaming of esports events, allowing bettors to watch the matches as they happen. This adds an extra layer of excitement to the betting experience, as bettors can see the action unfold in real-time.
Types of Live Esports Bets
There are several different types of live esports bets available, depending on the game and the betting platform. Here are a few common options:
Match winner: This is perhaps the most common type of live esports bet, where bettors place a wager on the outcome of a specific match. Betting options include betting on the team or player that will win the match, or on the match ending in a draw.
Tournament winner: Similar to betting on the winner of a traditional sports tournament, bettors can place bets on the team or player that they think will win an esports tournament. This type of bet requires a bit more knowledge of the teams and players involved, as bettors need to consider the strengths and weaknesses of each team in order to make an informed decision.
First blood: In many esports games, the first team or player to score a certain number of points is considered the winner of that round. Bettors can place bets on which team or player will be the first to score a certain number of points, or on the number of rounds that will be played in a match.
Handicap betting: This type of bet is similar to traditional sports handicap betting, where one team is given a virtual advantage or disadvantage in order to even out the odds between the two teams.
For example, if Team A is considered the stronger team, they may be given a handicap of -1.5, meaning they have to win the match by at least two points in order for a bet on them to be successful.
Alternatively, if Team B is given a handicap of +1.5, they only need to lose by one point or less for a bet on them to be successful. Handicap betting allows bettors to wager on matches where the odds may be stacked against their chosen team.
Over/under betting: In this type of bet, bettors place a wager on whether the total number of points scored in a match will be over or under a certain number. For example, if the over/under for a match is set at 20, bettors can place a wager on whether the total number of points scored by both teams will be over or under 20.
Outright betting: This type of bet involves placing a wager on the overall winner of an esports tournament, rather than just a single match.
Outright betting requires a bit more knowledge of the teams and players involved, as bettors need to consider the strengths and weaknesses of each team and their chances of winning the entire tournament.
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Conclusion
live esports betting has become a popular activity among fans of competitive video gaming. It allows bettors to wager on the outcome of esports matches and tournaments, with a variety of betting options available depending on the game and the betting platform.
For those interested in live esports betting, cashalot.bet is a great platform to check out. With the continued growth of the esports industry, it is likely that live esports betting will continue to gain in popularity in the coming years.