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IEM Cologne 2021: how major events increase the popularity of esports betting

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IEM Cologne is one of 2021’s best Counter-Strike: Global Offensive tournaments. This newsworthy event brings together 24 teams from all around the world, has a $1 million prize pool and three stages of play.

Counter-Strike is flourishing

Counter-Strike: Global Offensive is the fourth game in the Counter-Strike series of games. As with its forerunners, the game is a multiplayer first-person shooter in which two teams (Terrorists and Counter-Terrorists) compete against each other in various game modes.

Just imagine, the first release of Counter-Strike was published on November 9, 2000. This game has existed for more than 20 years. Even though the last game in the Counter-Strike series Counter-Strike: Global Offensive was released nearly 9 years ago, in August 2012, the game is still top-rated online and has millions of fans.

According to Statista, as of February 2020, Counter-Strike had 24 million monthly active users, more than double the figure from May 2016. In May 2021, CS:GO reached more than one million concurrent players on Steam.

 

More than just a game

And what’s interesting is, it’s not just a game for millions of gamers, but for watchers of esports content too, of course. ELEAGUE Major, which took place in January 2018, was the most-watched CS:GO tournament that year, reaching nearly 1.9 million viewers. With such a large number of supporters, it is par for the course that CS:GO competitions are worth big money.

The game’s annual cumulative tournament prize pool reached $21.77M in 2019. And in 2020, the estimated prize money for CS:GO tournaments stood at $15.85M, making it the online game with the highest cumulative prize pool in that year.

Gamers are not short of attention and cash rewards. For instance, the Danish gamer, a member of Astralis, Andreas Højsleth, known by his online alias, Xyp9x, has earned over $1.88M playing CS:GO competitively. Currently, he is in second place in the earnings table for players of CS:GO. Another Danish player, Peter Rasmussen, who goes by the alias dupreeh, occupies the first spot with around $1.91M.

 

CS:GO betting

Professional gaming quickly became a matter of interest to sportsbooks. Today, as reported by iGB, the most popular esports betting titles fall under two categories. The first includes the “Big Three”: League of Legends, Dota 2, and Counter-Strike: Global Offensive. They’re also some of the most popular video games globally.

The growth of popularity of these games turned the attention of the majority of sportsbooks. Global betting operators are widening their portfolio with popular online PC games. Some of the most popular CS:GO events are commercial CS:GO tournaments with 24/7 schedules that allow sportsbooks to fill free airtime with engaging content.

Betting on commercial CS:GO events works the same way as betting on major CS:GO events. Bettors wager on various markets: the outcome of a match, top-performing players, final scores, etc.

One of the platforms that provide fast and dynamic 24/7 esports tournaments is ESportsBattle. It is worth noting that the organizers of ESportsBattle CS:GO tournaments have noticed the huge spike in bettors’ engagement rate in the run-up to big matches.

 

ESportsBattle & CS:GO

Because of increased global demand, ESportsBattle decided to expand its horizons and became the first platform to launch 1×1 CS:GO matches, guaranteeing beginner players an opportunity to have a shot at it. Earlier, ESportsBattle had only a 5×5 format and later became the first to offer 2×2 CS:GO matches.

This variety of formats and modes allows pro and amateur players to face off in EsportsBattle tournaments, develop their skills, and make money on it.

For bettors of  EsportsBattle CS:GO tournaments, operators  provide the following markets: match winner (2-way or 3-way), match handicap, total maps, correct map score, map winner (2-way and 3-way), total rounds.

During July 2021, when IEM Cologne 2021 took place, ESportsBattle CS:GO matches chalked up far more views, which, in turn, led to increased bettor engagement. The number of views of ESportsBattle tournaments has risen dramatically: from 120K in June to almost 200K in July.

Furthermore, the number of views increased by 73% from the beginning of 2021. Betting on CS:GO gives bettors a chance to feel even more engaged in the whole IEM Cologne 2021 experience, as though they are participating in the tournament.

Thanks to regular broadcasts of esports events that boosted the gaming, esports and betting markets began to enjoy particular popularity. Moreover, one of the betting operator stated that there was almost 40% uptake in the number of active bettors engaged with EsportsBattles’ CS:GO events between June and July. Since the beginning of 2021, the number of people betting on EsportsBattle CS:GO events has increased by 10,000%.

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Esports media platform TalkEsport raises $1 million in pre-series A funding round

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TalkEsport, India’s leading esports media platform, announced today the successful closure of its pre-series A funding round, securing a significant investment of $1 million from Saswat Ventures. The substantial investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

Founded in 2011, TalkEsport was set up with a vision to bring timely news and updates to gaming communities worldwide. As India’s oldest esports media platform, the company now caters to millions of gamers worldwide through its website and social media channels. TalkEsport plans to utilize the investment to scale up its core website while launching a highly interactive application for its audience and setting up a state-of-the-art production studio in Mumbai. Through it, the company will be launching exclusive content IPs focused on gaming and esports.

“We are delighted to welcome Saswat Ventures as our strategic partner,” exclaimed Deepak Ojha, Founder and CEO of TalkEsport. “Their belief in our vision and commitment to the esports ecosystem align seamlessly with our mission to redefine gaming experiences globally. With this investment, we will be scaling up our newsroom to cater to gaming communities worldwide while launching new content IPs targeted towards Indian and international audiences.”

Saswat Ventures, a family fund set up by Mr. BL Sharma, Principal, shares a vision of catapulting TalkEsport into a global phenomenon. Mr. Sharma has businesses across the country and expressed his confidence in TalkEsport’s potential to revolutionize esports media and connect with a vast audience of passionate gamers worldwide, “We believe in TalkEsport’s potential to become a global platform for esports enthusiasts worldwide.”

Trilochan Sharma, a seasoned expert in compliance matters, joins TalkEsport’s board as the Director of Compliance. His wealth of experience will ensure adherence to regulatory standards and bolster the company’s governance framework.

In addition to this pivotal investment, TalkEsport is proud to announce key developments that highlight its commitment to innovation and growth:

Production Studio in Mumbai

TalkEsport is excited to unveil its state-of-the-art production studio in Mumbai. This cutting-edge facility will serve as the epicenter for creating high-quality esports content, launching content IPs, live broadcasts, interviews, and immersive gaming experiences.

Pranav Nalawade, the Editor-in-chief of TalkEsport, said, “Our new era of esports coverage will begin not only with TalkEsport’s revolutionary approach in publishing news and covering esports events but also high-quality esports content courtesy of our new production studio. As one of the oldest esports media platforms, we have built an audience that relies on us for our history of trustworthy and reliable news. Now, we want to double up on this audience, reforming the way content around esports is consumed in India and abroad through podcasts, media, short-form content, and analytical stories – both in the form of video and text.”

Upcoming Mobile App Launch

Furthermore, TalkEsport is gearing up for the launch of its mobile application soon. This innovative app promises to redefine how gamers access news, engage with esports communities, and participate in live tournaments, all from the convenience of their mobile devices.

“Proceeds of the $1 million will be utilized in creating a robust team of gaming enthusiasts and expanding our global reach,” added Deepak. “This investment not only propels TalkEsport’s growth initiatives but also fuels our mission to provide unparalleled experiences for esports enthusiasts worldwide.”

Through its application, esports viewers will be able to get live coverage of esports tournaments, scores, and interviews. Additionally, they will be able to participate in community tournaments, thus providing an end-to-end immersive experience from the convenience of their mobile devices.

The media company continues to lead the charge in transforming the esports landscape, fostering community engagement, and pushing the boundaries of gaming innovation. The company’s dedication to excellence, coupled with strategic partnerships and visionary leadership, sets the stage for an exciting chapter in esports media.

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eSports

ESIC Announces Establishment of Global Esports Industry Advisory Board

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ESIC Announces Establishment of Global Esports Industry Advisory Board
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The Esports Integrity Commission (ESIC) is pleased to announce the establishment of its Global Esports Industry Advisory Board, designed to enhance integrity and ethical practices across the esports landscape. The Advisory Board will serve a pivotal role by providing expert advice to ESIC’s Chief Executive Officer on a range of critical industry issues. 

The primary function of the Advisory Board is to create a robust framework for integrity and fairness, setting a global benchmark for ethical conduct and fair competition in esports. The board will offer strategic insights, help shape policies governing fair play, liaise with key industry stakeholders, and act as ambassadors advocating for ethical practices. 

ESIC has appointed two highly esteemed members to inaugurate this board: 

  • David Neichel, Senior Vice President of Public & International Affairs at ESL FACEIT Group (EFG), joins the Advisory Board with over fifteen years of experience in the video games industry, including significant roles at Activision-Blizzard and Electronic Arts. David’s profound impact on international and public affairs initiatives makes him an invaluable addition to the board. 
  • Robbie Douek, CEO of BLAST, also joins the Advisory Board, bringing a wealth of experience from his roles at Google and Disney, along with his leadership through major acquisitions. Robbie is celebrated for his strategic leadership and his instrumental role in elevating esports to a significant global entertainment platform. 

The formation of the Advisory Board is an engagement that underscores the commitment of its members to upholding and promoting the highest standards of integrity within the esports industry. The board will meet as required to address strategic challenges and ensure that ESIC’s initiatives effectively meet current and future industry needs. 

“Both David and Robbie bring a remarkable depth of knowledge and a passion for advancing the integrity of esports,” said Stephen Hanna, CEO of ESIC. “Their expertise will be crucial as we navigate the evolving landscape of esports and strive to maintain the integrity that our community expects and deserves.” 

Robbie Douek, CEO at BLAST, said: “I’m honoured to be given the opportunity to support the Global Esports Industry Advisory Board and ESIC in their ambition to create the best and fairest environment possible for players, teams and fans.” 

David Neichel, Senior Vice President of Public & International Affairs at ESL FACEIT Group (EFG) also commented: “It is a true honour to join the Global Esports Industry Advisory Board and support ESIC’s successful journey. Fairplay and integrity are at the core of esports. We owe it to the players and to the fans and for a better endemic industry governance” 

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eSports

How Team Vitality Utilises Abios Data to Create a Better Fan Experience

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Abios has partnered with leading eSports club Team Vitality to help fuel its fan engagement application V.Hive with eSports data. With access to coverage on more than five of the largest eSports titles from Abios, Team Vitality can ensure that fans can stay engaged and updated with results, schedules and statistics from its latest matches.

Abios, an enterprise eSports data and technology provider, has agreed to a long-term deal to supply its eSports data to Paris-based eSports organisation Team Vitality.

The major-winning eSports team will deploy Abios’ data to fuel its prediction tool, which allows fans to score points by successfully predicting how Team Vitality will perform in upcoming matches. The scores will be posted to a leaderboard where the best contenders can win prizes including merchandise and money-can’t-buy experiences with professional players.

Driven by Abios’ rich performance and scheduling data, the prediction tool is part of a wider effort by Team Vitality to create an immersive fan experience, following V.Hive app launch in November of 2022 jammed with features geared to building a digital community around the team with news, mini-games and custom avatars.

With rosters in several eSports titles, Team Vitality will use Abios’ extensive coverage to include data for matchups in the most popular eSports titles including League of Legends, Starcraft ll, Counter-Strike, Rocket League, EA Sports FC and Valorant.

The founder and Chief Executive Officer for Abios, Oskar Bonnevier Froberg, commented on the partnership: “Team Vitality is one of the oldest and most prestigious eSports teams in Europe and we’re proud to be able to supply it with top-tier eSports data.

“With high-performing rosters across many eSports disciplines, Team Vitality has millions of fans all over the world. It is fantastic to see its dedication to its fans and how it brings added value to its followers and we are excited to power Team Vitality with our extensive data and help it to deliver the next generation of eSports fan experiences.”

“Through Abios’ interfaces, we are able to provide our fans an immersive experience that goes beyond just watching matches,” the Brand and Revenue Diversification Director for Team Vitality, Amelie Canet, said. “Together, we’re creating an environment where fans can interact, predict outcomes and feel even closer to the eSports action. Its tech overlay allows us to engage our fans and offer them a more entertaining experience.”

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