Esports And Gaming Sites Are Betting on a Strong 2021

Last year as the pandemic thrived, gamblers had to shift away from traditional methods… and it birthed a growth in Esports betting numbers, sites and players. Live esports betting has becoming a massive industry that is showing no signs of slowing for the next several years. Now, just like the online casinos in the world today, for esports betting, betting on this popular virtual sport has increased significantly in terms of both revenue and size. Especially during lockdown.

Many players view esports betting as an attractive entertainment option. As a result, the industry’s revenue in 2020 has rapidly increased by 500% compared to last year. An article in Esports-news.UK spoke of the advantages of Esports, saying: “When it comes to esports betting, you always have a tournament or game to bet on. Multiple bets allow you to combine multiple selections in one bet, which increases the player’s chances of winning, however, in return the stakes will also have to be larger. You can bet pretty much any amount on esports betting sites as most websites do not offer minimum stakes. Esports betting is also very easy to bet on, you just need to learn a few basics to do it without having to follow too many rules and instructions. The process of betting on esports is similar to that of regular sports betting. If you win, the final amount you will receive will be from the stake amount multiplied by your odds.”

“Esports betting attracts many players as it allows them to turn their specialized skills into profit. If you are knowledgeable and have extensive knowledge of a particular game, you may have an upper hand over the dealer… Besides, some operators allow you to bet while the game is in progress and wait for the game to end to know the outcome.  A report from 360ResearchReports added: “The global eSports Betting market size is projected to reach USD 21060 million by 2027, from USD 12310 million in 2020, at a CAGR of 13.7% during 2021-2027. The global eSports Betting market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2027. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon.”