As competitive gaming continues to become an increasingly commercial endeavor, the eSports gambling industry is booming. With the rise of eSports, a new world filled with opportunities has opened up to online bettors, allowing them to wager on their favorite players and teams and participate in a variety of markets. With that in mind, let’s take a look at the current trends in eSports gambling, particularly as it relates to forex.
Esports Gambling Industry Overview
The eSports industry has come a long way in a relatively short amount of time. From humble beginnings, it has grown into a multi-billion dollar industry with fans all over the world. This success has been bolstered by an enthusiastic global fanbase, as well as increased investment in eSports-focused organisations and infrastructure. An offshoot of this success has been the emergence of eSports gambling; customers placing bets on the outcome of their favourite matches and tournaments. This has been a boom to both the industry as a whole as well as punters, who now have access to more competitive odds, as well as a range of new and exciting betting markets.
Popularity and Global Expansion
One of the main reasons for the growth of eSports gambling is the global rise in popularity of eSports. Over the past decade, it has become increasingly accessible as the number of tournaments and leagues have grown, and with this, more opportunities have arisen for all types of fans. This combined with sponsorship from major companies and media outlets has helped turn eSports into a global phenomenon.
This has had a direct correlation on the amount of money being wagered on eSports tournaments and matches. Estimates suggest that the eSports betting market is now worth billions of dollars and is predicted to continue to grow over the next few years. This has been accompanied by an increase in the types of bets that are available. From simple match outcome bets, to in-play betting, fantasy team betting and much more, the industry offers something for every punter.
The growth of the industry has also been spurred by advancements in technology and online platforms. Platforms like Twitch and YouTube have revolutionised the way that fans interact with the tournaments and leagues. As well as watching the action live, fans can now also place bets through dedicated gambling sites like Unikrn and BetWay. This has opened up the whole industry to a wider customer base and made it more accessible.
Another area of growth for the industry is mobile betting. With the advent of smartphones, eSports gambling is no longer limited to desktop computer, as customers can now place bets on the go. This has opened up the industry to millions of potential customers and allowed for more convenience for existing ones.
The industry is certainly an exciting one, and with new technologies and advancements being introduced all the time, there is no doubt that it is set for a bright future. As the fan base continues to grow, and more betting markets become available, it is likely that the industry will become ever more competitive. Modern Esports betting sites offer consumers a range of bonuses, promotions and incentivised video adverts, all designed to entice more customers. With the advancement of technology, the industry can only continue to grow.