The entire world has been hit by esports fever. Every day, tens of thousands of people watch games between big esports teams competing against each other in games and tournaments. But the interest in placing bets on esports odds has also seemed to increase as esports becomes a more widely known phenomenon.
Today there are far more bookmakers offering odds on esports than ever before. Bookmakers everywhere are marketing themselves with the most competitive odds for various leagues and individual games. But at the same time, the landscape of betting on esports is still unfamiliar to many, even those who have been betting on traditional sports for years. After all, it differs quite enormously from traditional sports betting.
If you are thinking about getting into the fast-growing industry, we recommend reading an introduction to electronic sports at https://www.betflorida.com/esports. It contains all the useful information you need to know and will give you a brief introduction to the e-gaming world.
How big is the industry?
Esports is an industry that is continually growing, both in popularity and revenue. In 2021, the total market value of the industry exceeded $1 billion and is estimated to be worth about $1.62 billion by 2024. America and China make up more than half of the industry’s worldwide revenue.
In terms of popularity, statistics show that there will be an estimated 29.6 million monthly esports viewers this year, only in the US. According to Statista, there are expected to be over 285 million frequent esports viewers worldwide by 2024 as well as some 291.6 million occasional viewers.
The popularity of betting on esports goes hand in hand with the increased interest in the sports
Even though some people do not agree with esports being a real sport, those who are familiar with it know that it is a phenomenon under constant growth. As the internet becomes a bigger part of our lives, electronic sports are also becoming increasingly popular. The various games are getting more money from sponsors, tournaments are getting bigger, more people are attending events and gamers are earning more. All of this contributes to the popularity of esports and is also a reason why esports betting in particular has grown significantly in recent years.
Nowadays, there is a wide range of bets on a variety of games with several different betting markets. Whether you want to bet on tournament winners, match-winners, the winner of a certain map, a round, or similar, there are lots of bookmakers offering opportunities to do so.
The complexity discourages some but attracts others
It is fair to say that betting on esports is somewhat more complex than betting on traditional sports, as new games are constantly popping up, where both gamers and bettors have to learn the new gameplay before they feel confident. The latest Fortnite Chapter 3, includes new names, maps, weapons, and much more and is one of the ever-appearing esports games that you can bet on. You won’t be a professional gamer overnight and it may take a while to get the hang of the new features. Unfortunately, this discourages many people from betting on esports. On the other hand, it seems that an incredible number of people like the excitement that a new game brings to the table.
This is a paid guest post.