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eSports Betting Strategy – Key factors of success and what you should avoid

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eSports Betting Strategy – Key factors of success and what you should avoid
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Betting on eSports is becoming more and more popular every day. That shouldn’t come as a surprise, since the market is flooded with online video games that are considered the new generation of sports, like League of Legends or Counter-Strike: Global Offensive.

The eSports industry is currently valued at over 1 billion dollars, and it’s expected to grow even more in the coming years. But how can you use this information to your advantage?

Well, in recent years, bookmakers noticed the increase in demand for an eSports betting market. After understanding the potential, they quickly implemented a feature that allows gaming enthusiasts to bet on the outcome of the greatest gaming tournaments, like League of Legends World Championship or the Counter-Strike: Global Offensive Major Championships.

A significant advantage of eSports betting is that it works similarly to traditional sports, meaning that you will get odds based on team statistics, and you will have to decide which team will win the match. Mostly, if you’re following all the major gaming championships, you should have a good idea regarding who will be victorious and bank some serious cash while you’re at it.

If you want to be a serious bettor, having a well-defined eSports betting strategy is mandatory. Below, we’ve listed the key factors for success:

Choose a suitable bookmaker

Let’s say you want to start betting on eSports right away. Well, if that’s the case, you will want to sign up for a licensed casino operator, because otherwise you risk getting scammed by “pirate casinos” and even if you guessed the outcome correctly, you wouldn’t be able to withdraw the winnings.

Even though this advice might sound like the most basic requirement for any aspiring bettor, many beginners have no idea where to get started. After running some tests, we’ve figured out that the platforms listed on this website are trustworthy, and many of them allow you to bet on your favorite eSports tournaments.

Additionally, the betting platform you go for must have low margins, best odds, and no bet amount limit. While it might sound like a daunting task, it’s in your best interest to compare various bookmakers and choose the one that suits your needs.

Always research before planning your bets

Research is key in any betting market you’re planning to get into. If you’re an eSports fan, you surely spend hours watching professional teams battle each other on live stream or YouTube. However, you should never take that knowledge for granted.

Running in-depth research on eSports requires you to have a profound understanding of the game mechanics and how a team performs against another. Spend time getting to know the strategy used by all the teams participating in the championship, and you will begin noticing specific play patterns that could help you speculate the final outcome better.

For example, if you’re a fan of League of Legends pro team SKT T1, you will notice that Faker, their mid-laner is able to win his lane and carry even if he is against a counter pick, as long as he’s playing one of his main champions. However, if the enemy team bans Faker’s best championship, SKT will be at a huge disadvantage, because their strategy revolves around their mid laner hyper carrying them in the late game. So, you can never be sure of a team’s success, even if the odds are in their favor.

Keep track of your success

Being successful in betting requires a long-term strategy. Of course, racking up some easy wins because you got lucky might suffice, but if you’re serious about eSports betting, you will need to measure how many guesses were made right and how many were wrong. After you’ve got a clear picture of your win rate, you can go ahead and analyze your losses and try figuring out what went wrong.

Implement a staking method

If you want to optimize your bankroll, you must implement a staking method in your betting. Necessarily, you will need to prioritize the events and adjust the value of the wagers accordingly. You don’t want to bet too much on an underdog, even if your favorite player is part of that team. Still, if a team has an excellent reputation and has won a lot recently, you will surely want to wager more money on that event.

Now that you have a great idea on how to bet on eSports efficiently, it’s time to learn some of the common wagering mistakes that you should avoid at all costs:

Avoid betting on too many games

Even if you’re a complete beginner to eSports betting, you know that betting on every game is a bad idea, because you won’t always find odds that offer a positive expected value. Therefore, you should carefully select the events that you bet on, based on the odds listed on the bookmaker’s site and your general knowledge about the teams.

Never bet based on emotion

Just because you like a team or “your gut feeling” tells you that they will be victorious, it doesn’t necessarily mean that your assumption is correct. Always make your betting decisions based on facts, and you should avoid getting “tilted.” In a nutshell, being tilted means that after a losing streak, you decide to ditch your strategy and simply go with your intuition, which usually results In losing even more money.

Relying solely on the odds

New eSports bettors will see that an event has high odds, and they will instantly bet on the underdog just because they want to get a huge return fast. In reality, these odds are purely based on probability, meaning that they represent the bookmaker’s estimation on what will happen. The higher the odds, the less likely that team is going to win.

We’re not saying that an underdog will never win against a well-established team. However, you should never make bets based on the odds from the bookmaker. Instead, you should calculate the probability yourself by factoring in all the knowledge you have on the teams and by analyzing games where they go against each other (if available).

Now that you have a better understanding of how betting on eSports works, you can go ahead and start looking for opportunities. Before you go, keep in mind that patience is the key virtue of any gambler, so sometimes it’s better not to bet at all instead of making a decision based on intuition or with just partial information.

Placing bets on eSports is just like playing them – many players understand the mechanics, but only a few of them will use them successfully and make it to the top!

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NASR Esports takes Global Esports Tour 2021 Dubai title in undefeated run

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United Arab Emirates-based team NASR Esports lifted the Global Esports Tour 2021 Dubai title in style, winning the Counter-Strike: Global Offensive tournament in an undefeated run on November 27.

The team beat Doomsday 2-0 in the semi-finals in a best-of-three tie, before whitewashing Triple 6 3-0 in the best-of-five grand final to win the US$8,000 pay cheque.

The runners-up took home US$4,000 while Doomsday and Level E-sports won US$1,500 for making it to the final four.

They came through a field of 30 teams that took part in the open qualifiers, all vying for a spot at next year’s Global Esports Tour Dubai.

NASR Esports’ victory will assure them a spot at the event in March, where they will compete against the world’s best professional CS:GO teams for a total prize pool of US$250,000.

The Dubai event wraps up the 2021 season of the Global Esports Tour, following successful stops in Los Angeles and Riyadh. Next up on the GEF calendar is the inaugural edition of its flagship event: the Global Esports Games held from December 17-19 in Singapore.

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eSports

”Back to School”: Epic Esports Events and RuHub talked about the theme of DPC tournaments in Eastern Europe

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Tournament operator Epic Esports Events and RuHub Studio shared an idea that formed the basis for the studio space design and will manifest itself in all activities during DPC 2021/2022 in Eastern Europe.

Mark Averbuch, Product Director at Epic Esports Events:

“As you might have guessed from the RuHub Studio teaser, we have based the storyline on the theme of growing up, becoming, and learning. It will connect all three seasons of the DPC with a single line, and you will be able to observe with your own eyes how the tournament will develop and “grow up” from match to match, just as the intensity of passions increases from the group stages to the grand final.”

Nikolay Petrossian, Head of RuHub Studio:

“In the first tournament of the season, the studio familiar to viewers will turn into an apartment of the 90s. Imagine that behind the scenes of the tournament is a hero, a future graduate of the school, who has a whole life ahead of him (and Dota 2, of course). His story will inspire us during the broadcast, and its elements will be reflected in thematic content and special activities for viewers. I won’t reveal all the details, I’ll see you on the broadcast! And remember: every stage of life — like every season of DPC — is interesting in its own way.”

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eSports

Exclusive Q&A with Alex Shybanov, Senior Sales Manager for CEE Region/PandaScore

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Exclusive Q&A with Alex Shybanov, Senior Sales Manager for CEE Region/PandaScore
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What is the difference between PandaScore and big suppliers? 

The biggest difference is that we’re solely focused on esports whereas a lot of the bigger suppliers concentrated on traditional sports. For PandaScore esports is the only priority. We’re also fast and agile – we can implement new products and features incredibly quickly allowing our partners to leverage the fast-growing nature of the sector.

Another major difference is the data-led approach we take. We combine this with AI, our own trading models and a team of highly skilled traders which allows us to present one of the best esports betting products in the market.

Our trading models are worth highlighting as this is what really sets us apart. They’re fully automated and cover all of the sports that we have. In comparison, most of the big suppliers are still using manual or semi-manual models.

Finally, the number of markets we offer and our uptime (the percentage of time that lines are open and available for players to place bets) is unrivalled. We are also open to feedback and regularly work with our partners to implement new tools and features.

This enables us to satisfy their individual needs and continually improve performance, something that the big providers cannot offer especially if esports is not considered a priority for them.

 

What do you have to say about the esports market in Central & Eastern Europe?

It is fast-growing, for sure, and is really well developed when compared with other European regions and markets like the UK. In fact, across CEE esports is often among the top five bets on sports in terms of revenues and turnover.

What is driving this? Several factors but in particular there are some really strong teams that are based out of CEE countries. This includes Na’Vi (CS:GO) and Team Spirit (Dota 2) – 2021 TI champions. This has helped to elevate the popularity of esports across the region.

To bet on esports, you really have to play esports and CEE is a big market in terms of the number of players that play video games. This in turn helps to drive esports engagement and betting on esports as there is a larger pool of consumers that understand how it all works.

What is interesting is the popularity of certain games in CEE, which differs from other European markets. CS:GO is by far the most popular game to play, with Dota 2 number two across the market. But globally, League of Legends is the most popular.

 

Why is your trading solution specifically suited for the CEE market?

There are several key reasons why PandaScore is perfectly suited for operators targeting the CEE market. The first is our local coverage; we offer odds and markets on all local tournaments across the region including in Poland, the Czech Republic and Russia.

Next, our data-driven approach and unique models allows us to achieve the best uptime. For CS:GO uptime levels are in excess of 90% and with Dota 2 it is 75%. This is between 20-25% more than our rivals which means our partners can offer their players more betting opportunities.

This is achieved via our automated models and not having to change the lines manually. With players able to bet 25% more during the game, this is a major value driver for operators. This is only set to become more significant with the continued growth of live esports betting.

Finally, we have comprehensive margin management, and this is important for operators targeting the region because esports bettors are sophisticated. They are not recreational players and have a deep understanding of how games work and the betting options available to them.

Our partners can set different margins across a range of factors such as pre-match, live, games, markets, and more.

This allows them to maximise their margin but also run promotions around particular games and markets, lowering the odds to make them more attractive on a specific game and then setting a higher margin on second and third-tier games to balance this off. 

 

How do you balance this approach for your partner operators, who may have different needs?

Our trading dashboard has been designed to put the power in an operator’s hands. Their traders can manage everything from booking (such as by game, tournament tier, automated) to margin management (possibility to set different margins for different games, markets, tournaments) and more.We have many different markets, especially for live betting. For CS:GO, for instance, we have 60 pre-match markets and 24 live markets.

As an example, we have recently rolled out player markets for total kills over/under. This allows operators to increase revenues by offering markets on specific players and teams that are popular in that region or market. And it’s becoming more and more popular.

 

What are PandaScore’s goals for 2022 and esports?

Esports will continue on its rapid growth trajectory. It is already in the top five sports in some markets and I believe this will become the case in more and more regions in 2022. Offline tournaments are also returning which will be a further catalyst for growth.

Regarding PandaScore, we will continue to increase the scale and scope of our coverage and particularly when it comes to local coverage. This will be driven in part by cooperating with local tournaments and securing additional data partnerships.

We will keep building out our market and product offerings – player markets have launched with CS:GO but we plan to extend this to other games such as Dota 2. We are also working on offering multiples for specific games with a bet builder feature also in the works.

2022 is set to be another breakthrough year for esports and esports betting, and as always PandaScore will be at the cutting edge of this incredible sector.

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