When it comes to esports, there’s no question that the activity has taken off in recent years. According to Newzoo, a market intelligence firm specializing in esports, the global esports audience will reach 453.8 million this year and generate $1.1 billion in revenue. By 2020, that number is expected to grow to 646 million viewers and $1.79 billion in revenue.
With the esports industry growing at such a rapid pace, it’s no surprise that esports betting has become increasingly popular. In fact, a recent report from Eilers & Krejcik Gaming found that esports betting will generate $23.5 billion in the handle by 2020.
So, what is it about esports betting that has punters so excited? Here are a few factors:
The thrill of the unknown
With esports still being a relatively new phenomenon, there are a lot of unknown factors when it comes to betting on matches. Will the favorite team win? Who will emerge as the MVP? These are all questions that punters must ask themselves before placing a bet.
And because esports is still in its early stages, there aren’t as many seasoned professionals out there who have years of experience and knowledge to help guide them. This means that anything can happen when it comes to esports betting, which can add to the excitement.
The potential to make a lot of money
Another factor that has punters excited about esports betting is the potential to make a lot of money. With esports matches offering large prize pools, there’s definitely money to be made for those who know what they’re doing.
For example, The International 7 – one of the biggest esports tournaments of the year – had a prize pool of over $24 million. That’s a lot of money up for grabs, and it’s no wonder that punters are eager to get in on the action.
The social aspect
Finally, esports betting is also popular because it’s a social activity. With so many different esports betting sites available, punters can connect with like-minded people from all over the world who share their passion for esports.
This sense of community can make esports betting even more enjoyable, and it’s one of the reasons why the activity has become so popular in recent years.
So, there you have it – a few of the reasons why esports betting is such a popular activity among punters. If you’re looking to get in on the action, be sure to check out some of the best esports betting sites.
What is the difference between sports betting and esports betting?
The main difference between sports betting and esports betting is that esports betting is still a relatively new phenomenon. This means that there are not as many esports betting sites as there are sports betting sites. However, the number of esports betting sites is growing all the time as more and more people become interested in esports.
Another difference between sports betting and esports betting is that you can bet on a wider range of events when you bet on esports. For example, you can bet on which team will win a particular match or tournament, but you can also bet on things like how many kills a player will get in a match.
Why is esports betting becoming so popular?
There are a few reasons why esports betting is becoming more popular.
Firstly, as the esports industry grows, so does the number of people who are interested in esports. This means that there are more potential customers for esports betting sites.
Secondly, esports betting gives punters the opportunity to bet on a wide range of events. As we mentioned before, you can bet on things like which team will win a particular match or tournament, but you can also bet on things like how many kills a player will get in a match.
Thirdly, esports betting is becoming more popular because of the advancement of technology like live streaming, which allows punters to watch the matches they are betting on live. This makes esports betting more exciting and immersive, and it also gives punters the chance to make more informed bets.
What is the future of Esports betting?
The future of esports betting is looking very bright. As the esports industry continues to grow, so too will the number of people interested in esports betting. This growth is being fuelled by the advancement of technology like live streaming, which is making esports more accessible and exciting for punters. With more interest comes more investment, and we expect to see more esports betting sites popping up in the near future. So if you’re interested in esports betting, now is the time to get involved!
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