eSports betting market segmentation 2022: An Academic Look

Estimated read time 4 min read

As the eSports industry continues‌ to grow at a rapid pace, betting ‌on competitive video gaming tournaments ‌has become a thriving market segment. In ‌2022, eSports betting is projected to be one of ⁤the busiest — and⁤ most profitable — trading​ segments in the foreign exchange market.⁤ In this article, ‍we’ll ‍explore ​how this ‌year’s eSports ‌betting market is segmented, and discuss the key strategies employed by experienced traders.

Overview: eSports Betting Market Segmentation⁢ 2022 ​Review

The eSports betting⁢ industry ⁣is growing in size and scope, with ‌its worldwide ⁤market size expected to ⁢reach USD 35556.36 million in 2031, ​exhibiting a CAGR of 13.7%. In addition, ⁤new advancements ​are being⁣ made ‌in the eSports betting market to ensure⁤ a unique, engaging, and‌ competitive ​experience. This review aims to understand⁤ the current‍ segmentation of the eSports betting market and to identify where the market ‌is heading in 2022.

Key Trends and Developments

Several major trends are driving ⁣the ⁣growth⁢ of‍ the ⁣eSports betting⁤ market in 2022. One⁢ of the key ​drivers of the⁢ eSports ​betting market is the rise in mobile gaming ​and ⁢social media usage. In addition, as more top-tier tournaments and ⁢events are held around the world,​ the eSports industry⁣ will continue to attract more viewers and⁤ bettors. The proliferation ​of dedicated applications to manage betting activities‍ is also driving the rapid growth ⁣of ⁣the eSports betting ⁣market.

The eSports ⁣betting industry is also facing some‌ challenges. There are still ⁢obstacles related to legal and regulatory ⁤frameworks‍ that need to be overcome. In addition, there are‌ concerns ​about⁣ the fairness of‍ sportsbook ‌betting, particularly when it comes to in-game betting. Finally, the‍ continuous evolution‌ of the gaming industry could have a major impact on‍ the ⁣eSports⁢ betting​ market segmentation.

Types of‍ eSports Bets Available

The eSports‌ betting​ market segmentation begins ​with the‍ type of bets ‌available. eSports bets can range from simple match/outright winner bets to complex in-play/in-game bets. Betting formats tend ‌to vary by the type⁢ of ⁢game being played. Some of the popular​ gaming titles ⁢for esports betting include Dota 2, League ‌of Legends, Counter-Strike: ‍Global Offensive, ⁤StarCraft II, and Overwatch. Betting‌ on​ these games can be made with preset maps ⁣and ⁤handicaps for ⁤individual players. Other popular esports games to bet on include Fortnite, Call⁢ of ‍Duty, and‍ Hearthstone.

In-play betting ‍also has become‌ increasingly popular, with bettors placing bets during a‍ live game on specific game⁣ events. This can ⁤range from ⁢predicting in-game objectives such as rounds won to ‌more⁤ precise prediction‍ wagers,​ such⁣ as predicting the winner of a specific team‌ fight. Additionally, bettors‌ can also make ​wagers on‍ which team will have the most kills in a‍ single match.

Outright‌ and ​Futures ⁤Bets

Alongside in-play bets and ​game-specific wagers are outright and futures bets. These types of wagers allow bettors ⁣to ⁣place bets on⁣ the outcome of entire tournaments⁣ or leagues. Outright betting is ⁤becoming popular among eSports bettors due to the ⁣potential payout from these wagers. Many ⁢sportsbooks will⁤ offer​ a variety⁤ of outright bets, ranging from ‍predicting the outright ⁣winner of the tournament to whether a specific ‍player will win a⁣ particular⁢ round. Likewise, proposition bets,‍ such as ​predicting whether a team wins an‌ entire tournament‌ without dropping a single game, are also popular.

Futures bets are‌ also gaining in popularity. These bets allow bettors to ​predict the long-term performance⁢ of particular teams or ‍players across an entire season or even an entire year. Successfully predicting the performance of a team or ⁣player can provide a significant return, as these bets often have higher​ potential payouts⁤ than ​other types ⁢of ‌wagers.

Conclusion

Overall, the eSports betting market ⁤is experiencing rapid ⁤growth, with its ​worldwide market size expected⁣ to reach USD 35556.36 million‌ in 2031, ⁣exhibiting a CAGR of 13.7%. The growth of the eSports betting market‌ segmentation is being⁣ driven by various key trends, such as⁢ the rise ⁣in mobile⁢ gaming and social media usage, the proliferation of dedicated ⁤betting applications, and the introduction of innovative ⁣betting formats. In⁤ addition, the market has been segmented into a variety of⁤ different bet types, including in-play/in-game ⁣bets, outright bets, futures bets, and proposition bets. ​With the growing popularity of eSports⁣ betting, the​ market‍ segmentation ⁢will continue to‌ evolve​ and expand in 2022.

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