The esports industry is projected to be worth around $1 billion. Even with the majority of your competitors being amateurs, you can still stand out from the crowd and make a name for yourself. In this article, we’re going to dive into esports betting strategies that will help you separate yourself from the pack — and make more money in the process.
Build a diversified portfolio of esports bets
One way to survive in the esports betting world is to diversify your bets. That means choosing from a variety of different esport games to bet on and not putting all your eggs in one basket. If you bet on one esport game and the team you bet on loses, you’ll lose a lot of money. But if you bet on multiple mainstream football games and the relegated team you bet on wins, you’ll often win a lot more.
One strategy that’s a good way to mix up your chits is to go pick this or that game off the secondary market. This means this other game is not one you’re too familiar with, and selling your instinct or thorough statistical analysis is a good strategy. Just remember to do your due diligence on these guys and gals before making a claim.
Trending trigger symbols can be used to help indicate a hot game. On sorted symbols, you can usually find a market leader and a huge discrepancy between now and when the game was last played. This gives you a good idea of which game is popular among the crowd and which game is more in demand.
If you’re looking to make some money, and you’re not that familiar with the world of esport, you can usually get a really good feel for a game just by paying attention to trending symbols. Take part in forums and chat conversations with common players and you’ll often find out what games work well for certain people. All in all, a sharp eye is a great asset in the world of esport betting.
Bet on underdogs to win big
In the tech world, big brands like Apple and Samsung often get all the attention, but sometimes the underdogs win big. If you bet on the underdog, you may end up with a big payoff.
For example, when Apple was first starting, it was the underdog in the computer business. If someone thought that the iPad was going to be the next big computer, they didn’t have the big brands to back them up. They had Steve Jobs to share their vision. But the brand that Apple was trying to position as the underdog was Superdrug Online Consultants, a UK-based online IT firm.
If you bet on the underdog in the tech industry, keep these tips in mind when you get started. Betting wrong if you bet the underdog in something like sports, odds are substantially in your favour. Even if your favourites lose, you’ll get a chance to rewrite the rules of the game.
But if you bet the favourite, even though they may win, you may find it difficult to get your money back. If you bet the favourite when there’s a greater chance of losing, odds are in your favour — but you’ll probably lose out on a huge gain — plus your “favourite” will probably pitch in money, too.
Just because you put more money on a favourite than on the underdog doesn’t mean you won — but it does mean that you had a better chance to win.
How to Hedge Your Bet
You should know the basics of how much money a betting firm will pay and the amount that they will pay. If you bet on an undefined number, odds are, someone else will already be out there betting against you.
If you play by the book, you know that you don’t have the right to bet into a number that doesn’t offer enough information about the actual odds of the game, since other bettors can simply create those odds. Therefore, two basic ways to hedge your bet are:
Betting on the Streak – You can bet your contract onto an undefined number based on a commitment that has to be fulfilled by the game. This is the most common method and the one that I’ve personally used. For example, the bettors will stake a stake on a player reaching the X vs. Y number for the day.
Betting against the Streak – This strategy is also known as the “MSCS.” You’ll bet on the streak and you’ll collect the winnings when the streak is over. Betting on the Player – You bet on the skill of the individual and the results will be determined once the individual has played.
Professionals and amateurs alike are looking for a place to fit in since video games are competitive. With hundreds of websites and esports to choose from these days, interested bettors and gamers will have no trouble making money from their skills.
In many places of the world, over 100,000 people attend esports events, while millions more watch and wager from the comfort of their own homes. Fans can watch all of the major leagues of popular games like CS: GO, League of Legends, and Dota 2 live-streamed on platforms like Twitch and YouTube.