Esports Betting Guide – Everything You Need For Betting On Esports
Within recent years, legal esports betting has gained popularity. This is especially true since the Professional and Amateur Sports Protection Act (PASPA) was overturned by the Supreme Court of the United States and sportsbooks are opening all over the country. With the increase in sports betting in the US, people are looking at what else they can wager on. Esports is also gaining popularity as well because it has become a $1 billion industry by the end of 2019. Now people are starting to ask questions about esports.
If you are wondering about the overall legality of esports betting, then you have come to the right page. This page will give you all the information you need about esports betting. We will discuss what exactly is esports, what are the esports leagues you can wager on, popular tournaments, and more. Now is the perfect time to get into esports as a form of entertainment and another way to gamble. Esports is a rising industry that is taking over the world, so you should strap in and make a profit off of it to make a few extra dollars.
What Are Esports?
Esports actually stands for electronic sports. To put it in the absolute simplest terms, they are essentially video game tournaments, leagues, and competitions. Esports competitions can range between tournaments holding 10 people or thousands of competitors in a sports arena. Much like sports, there are multiple video games that people compete in. If you do not like watching games that feature first-person shooters, then there are fighting game tournaments, racing game tournaments, and much more that is available. There are entire leagues dedicated to a certain game, much like the NBA or NFL is dedicated to basketball and football. On top of that, there are multiple esports teams that are sponsored and receive salaries for competing at the highest level. Take everything you know about sports, throw in video games, and that is essentially what esports is.
The Legality Of Esports Betting
Much like traditional sports, esports has a very high-level competition going on at almost all points of the year. Due to that, people are wanting to bet on esports much like they do with traditional sports. But there are more restrictions on esports betting than there are for esports betting. Due to the fact that esports competitors can be under the age of 18 and other reasons, many states with legal sports betting have a very specific provision that prevents wagering on esports. At the moment at least, you cannot legally wager on esports at a US-based sportsbook. But that doesn’t mean you cannot wager on esports at all. In our recommended online offshore sportsbooks, you can legally wager on your favorite esports with ease. There is no law that outright bans esports betting and so long you are using sites like Bovada or BetOnline, then you can wager on esports legally.
There are various esports leagues around the world that people compete in. Some of these esports leagues end with tournaments that award the winning team with over $1 million. The overall prize pools go much further than that as well. We cannot list all of the various esports leagues around the world, but we can list some of the most popular ones. Down below is a list of the most popular esports leagues that people like to watch and with the biggest prize pools.
League Of Legends
League of Legends is a multiplayer online battle arena (MOBA) video game and it was developed and published by a company named Riot Games. For newcomers, it might be a difficult game to watch. Essentially, the point of the game is to capture the enemy base by pushing through various checkpoints. Teams defend and attack these checkpoints throughout the game, and the team who pushes all the way is the winner. The League of Legends World Championship, established in 2011, is the largest tournament for this league and in 2018, the winning team won $2.4 million. The league takes months to decide who will end up in the final tournament and it is exciting to watch League of Legends all year round.
Learn More About Betting On League Of Legends
Overwatch is a relatively new game when it comes to the esports industry. Released in 2016, Overwatch is a game developed by Blizzard Entertainment and the game is a team-based multiplayer first-person shooter. Overwatch focuses on one team pushing to capture and push objectives while the other team defends certain points of the map. If the defending team can defend a point within a time limit, they win. If not, the attacking team wins. Overwatch tournaments easily topple over $1 million for the winning team, and the prize pool increases every year. The league is relatively new, but it is extremely competitive during the active season. Not everyone can make it to the Overwatch World Cup. We definitely recommend Overwatch not only for watching but for betting as well.
Learn all about how to bet on Overwatch Leagues.
Despite being one of the newest games on the e-sports scene, Fortnite became a global phenomenon. Popularized by YouTube and Twitch streamers, Fortnite is described as a battle royale game, referring to the 2000 Japanese film of the same name, in which 100 students are dropped onto an island and told to battle to the death until one remains. Fortnite uses a similar format, although in some cases players can be divided into teams of two or four. The Fortnite World Cup has a prize pool of over $30 million, which is split between the winners of various tournaments. It took some time for the game to fully gain traction, but in 2020, it has firmly established itself as one of the biggest players in e-sports
Learn more about Fortnite Egaming.
Counter-Strike: Global Offensive
Counter-Strike: Global Offensive (CSGO) is a multiplayer first-person shooter game and it was developed by Valve Corporation which released the game back in 2012. Even though it is an older game, it is still one of the most competitive esports leagues in the world. The ESL Pro League is divided into three different regions: the Americas, Europe, and APAC (Asia and Pacific area). CS:GO has many major tournaments that happen throughout the year, so there are plenty of opportunities to watch this established league.
Get all the Counter-Strike: Global Offensive details.
Dota 2 is a multiplayer online battle arena (MOBA) much like League of Legends. They might be the same game genre, but Dota 2 was developed and published by Valve Corporation. Dota 2 has been around since 2013 and has established itself as the esports league with the largest prize pool available. Ever since Dota 2 was released, over $216 million has been handed out in cash prizes. The player base is loyal and more people are getting into Dota 2 to earn a piece of the prize pool. With so much money flying around in the Dota 2 league, many people are wagering on Dota 2 competitions as well.
Learn More About Betting On Dota 2
Esports Futures Odds
Because ‘esports’ is a blanket term encompassing numerous different games and regional leagues, there is always something going on for diehard fans to bet on. The biggest upcoming esports tournament is the League of Legends European League Championship, which will take place on March 21, 2020. Last season, G2 Esports took home the title—their sixth time winning the league. With another win this season, G2 could tie Fnatic for the most league championships all-time. Current odds for who will win the League of Legends European Championship are:
- G2 Esports -400
- Fnatic +600
- Origen +1200
- MAD Lions +2000
- Rogue +2500
- Misfits +10000
- Excel +10000
- Schalke 04 +15000
- SK Gaming +20000
- Vitality +25000
Covid-19 And E-Sports
Thanks to the online nature of modern e-sports, it is possible to continue to host e-sports events while still maintaining recommended social distancing practices. The Overwatch League has already started by moving its matches to an online-only format. Their virtual nature means that teams can still coordinate, practice and play remotely with only minimal disruption. For bettors who have been hit hard by the shutdown of major sports organizations around the world, e-sports should bring a welcome degree of stability. With most other major leagues suspended through at least mid-April, expect e-sports to experience a surge in popularity.
Betting On E-Sports In Nevada
With the COVID-19 pandemic closing all retail sportsbooks in Nevada and shutting down most major global sports leagues, online e-sports betting has become extremely popular. While Nevada’s retail sportsbooks are closed, online sportsbooks are still open and accepting bets, and on March 25, the Nevada Gaming Control Board voted to allow the state’s sportsbooks to accept wagers on Counter-Strike’s ESL Pro League. There are 24 different teams in the ESL Pro League, with scheduled matches every day. Matches are usually played in front of a crowd, but they have been moved to an online-only format to prevent further spread of COVID-19. Betting on the ESL Pro League opened on March 27, 2020.
Popular Esports Tournaments
Like any good sport, there are esports tournaments established to show off who is the best of the very best. We have briefly mentioned some of the tournaments you can expect in the list above, but let us go into a bit more detail about them. Down below are some of the biggest tournaments in esports with the largest prize pools available. If you are lucky to watch one of these tournaments live, you will see really competitive gameplay happen.
Dota 2’s biggest tournament is without a doubt The International. Some might argue that it is the biggest esports tournament in the entire world. The reason for that is that in 2019, the prize pool has passed over $30 million. With so much money going into the prize pool for The International, the competition is going to be rough for all teams that are trying to get in the tournament. That makes it exciting to watch and exciting to bet on.
Fortnite World Cup
Established in 2019, the Fortnite World Cup made it very clear that this is one of the most competitive and most rewarding esports tournaments in the world. With the first tournament having a prize pool over $30 million, even competitors who ended up in 10th place walked away with thousands of dollars in their pockets. This tournament is bound to become bigger as time moves on, and we expect more players will want a piece of the action as well.
Overwatch Grand Finals
After months of qualifying and competing, the Overwatch Grand Finals is the last tournament of the regular season of the Overwatch League (OWL). The Overwatch Grand Finals only has two teams competing for the grand prize. Winners from the 2019 Grand Finals took home $1.1 million in cash. You will only be able to watch two teams play, but it is the two best teams in the league. For that reason, you do not want to miss out.
League Of Legends World Championship
The League of Legends World Championship is the culmination of the very best teams coming together and proving who is the best at the game. There are 24 teams that qualify for this tournament and only one can walk away with the grand prize. The grand prize money has increased in recent years and the winning team can end up walking away with over $2.4 million in cash. Teams from all over the world compete in this tournament, so it is absolutely to watch and bet on the League of Legends World Championship.
CS:GO Major Championship
The CS:GO Major Championship is not a single competition. There are many tournaments that fall under this name and all of them offer a prize pool of $1 million. Usually, there are at least two of these major tournaments that happen throughout the year. That gives you two opportunities to watch the absolute best of the best compete for cash prizes. Plus, these tournaments usually are great to wager on and we highly recommend you do so.