Esports is growing in popularity by leaps and bounds. In 2017, BetAsia explained that it was a $696 million industry and is expected to grow to $1.5 billion by 2020. That’s a lot of money up for grabs, and as the industry grows, so does the opportunity to make some serious profits through esports betting. Many bettors have made a switch to esports betting rather than traditional sports betting like soccer, horse racing, and others. However, simply placing bets at random will not get you very far. If you want to boost your chances of winning and put yourself at a huge advantage, follow these tips.
Always Look for Value in the Betting Markets
The key to success in any form of betting is finding value. Whether betting on esports or traditional sports, you want to look for the best odds and lines possible. This means doing your research on which sportsbook has the most favorable odds and then taking advantage of those opportunities when they arise. It also means making sure you understand different betting strategies, such as hedging and arbitrage. By understanding the markets and taking advantage of value opportunities, you put yourself at a huge advantage over other bettors who are not doing their research.
Focus on One Betting Market
The esports betting market is vast, with several different games to wager on. It can be tempting to spread your bets across multiple games, but this can be dangerous. It’s best to focus on one game and become an expert before moving on to another. That way, you better understand the game and its betting markets, which gives you an edge over other bettors who may not know as much about the game. This will also allow you to focus on getting the best value bets in that game, as opposed to spreading yourself too thin and not getting the most out of your bets.
Protect Your Bets by Using Hedging
Losing your hard-earned money in any betting can be just a snap of the finger. This is why protecting your bets by using hedging is a must. Hedging is a strategy used by experienced bettors where you place opposite bets on two different outcomes for the same game or event. This allows you to minimize your losses if one of your bets does not come through and maximize your profits if both of your bets come through. Not only that but hedging can also be used to guarantee a small profit even if only one of your bets comes through.
Keep in Mind the Human Factors
We are talking about a game dependent on human performance and the surrounding environment. This means that you should always consider any factors that could affect a team’s or player’s performance, such as health problems, internal conflicts, bad results from previous tournaments, etc. It can also come in handy to stay up-to-date with the latest news related to esports and the teams you are betting on.
By taking into account these tips and putting yourself at an advantage, you will be able to boost your esports betting and increase your chances of winning. Keep in mind that the key to success is finding value, so make sure to do your research before placing any bets. No matter what game you want to bet on, always remember to have fun and good luck.
