The world of blockchain and cryptocurrencies is evolving rapidly, and it’s only natural that the eSports industry will take advantage of new technologies.
Most bookmakers in the eSports niche are very similar, so they are always looking for new ways to attract more players. Crypto eSports betting is a relatively new solution that has been emerging recently. One of the main advantages of this method is anonymity: it is not necessary to provide personal information.
What is eSports Crypto Betting?
Game developers continually invent new games, and eSports betting platforms are rising. Some of these platforms use cryptocurrencies as their base currency, and this is what we refer to as eSports crypto betting.
eSports crypto betting is a cryptocurrency betting placed on eSports matches. Betting on eSports using cryptocurrency has become popular because it is secure, anonymous, and fast. Users can bet using real money or cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
The most famous eSports games are FIFA, Counter-Strike: Global Offensive, Dota 2 eSports crypto betting, League of Legends, and Fortnite. All these games have millions of players worldwide, who compete in tournaments with each other for prize money and fame.
Using cryptocurrencies in eSports betting became possible because both gaming and crypto industries have much in common. Both crypto and eSports are young, dynamic, and fast-growing industries. Besides, they attract many young people who know about digital technologies.
Betting on eSports Games
eSports is an emerging market that has taken the world by storm. It’s popular among young people, and it’s estimated that the value of this market will be over $1.8 billion by 2022, so it’s no surprise that you’re interested in betting on eSports games.
When choosing a game to wager on, there are several elements to consider, such as the participants’ talent, location, and history with the game. However, one thing you need to know before starting your journey into this world is your type of bettor.
How Do You Place Your Bets?
When it comes down to placing bets on the best csgo esports crypto betting, there are two main ways people place their bets: either manually or automatically with software like BetFury Bot. The manual method requires you to visit each gambling site individually and place your wager there.
This can be time-consuming but will allow for more control over your bets and give you access to more betting options such as odds or teasers (a type of bet where two or more outcomes must occur for your prediction). An automated system allows for faster transactions at lower costs.
Why is eSports Crypto Betting Important?
eSports crypto betting has exploded in the last decade, and for a good reason. It has become a popular spectator sport, not only for the participants but also for hundreds of thousands of fans who wish to bet on the outcome of various games. Because of this, it is an excellent option for anyone interested in using cryptocurrency as a form of payment.
If you have ever tried to bet on eSports using conventional currencies, you will notice several disadvantages. Long payment processing times, high fees, and inconvenient payment methods might prevent you from enjoying your betting experience to the fullest extent.
Cryptocurrencies are fixing these issues by providing faster deposits, withdrawals, and lower fees for transfers. At the same time, eSports crypto betting offers excellent security for your funds and anonymity for users who want to remain.
eSports Crypto Betting – Tips for Winnings
Cryptocurrencies are rising, and the gambling industry is following the wave. With crypto betting becoming increasingly popular with sports fans worldwide, many users want to know more about eSports crypto betting and how to win.
Choose a Good eSports Bookie
There are over 100 eSports bookies online that accept cryptocurrencies as payment. The challenge here is to find one that you can trust. A good bookie should be licensed and regulated by an official gaming commission or authority.
This ensures that they follow the rules and guidelines for their services, making them more trustworthy. It will also show if they have received any complaints or issues with their customers in the past.
Practice First
If you are new to eSports betting, practice your strategies first. You can start by betting small amounts on different games. Once you figure out how the system works, raise your stakes. This way, you will minimize your losses and maximize your profits regarding cryptocurrency eSports betting platforms.
Research
Before placing a bet, make sure to research the teams playing against each other and their abilities. You can read reviews or ask fellow gamers for advice to see who will win the match. If there is a live match streamed online, watch it yourself and see how the game progresses before placing a bet.
Stay Disciplined
You have to make sure that you are disciplined enough for eSports crypto betting.
Discipline means that you can do what needs to be done even if it is not something you want to do. It means that you can resist temptation even when it is right in front of your face.
In eSports crypto betting, staying disciplined means that you follow your betting plan no matter what happens. It means making sure that you continue playing even if there are some losses along the way.
Analyze Your Opponent
It’s essential to research your opponents before placing bets on eSports events. You can do this by watching live streams, analyzing player statistics, or looking at previous match results. You will learn about their strengths and weaknesses, which will help you make better predictions overall.
Watch Live Streams
Sometimes the only way to truly understand the game’s dynamics is by watching it live. This allows you to follow every happening in real-time and put yourself in the shoes of a professional player. Therefore, watching live streams is always good before placing esports crypto betting.
Conclusion
As eSports become more popular (and profitable), it’s no surprise that there would be an increased interest in Bitcoin bookies. This is worth keeping an eye on, especially as states begin to allow gambling in virtual contests. If you love eSports and are into crypto, this might be the opportunity for you.