The world of esports is a fast-paced, competitive industry. There’s always something new brewing—new games, new players, and new ideas. For many companies, the rapid pace of change makes it challenging to stay on top of league trends and adapt to new information in time. However, there are also numerous benefits to reacting quickly in an ever-evolving industry. New websites and apps are launching every day with the sole purpose of making esports betting more accessible for fans. These businesses have been able to thrive by catering to casual bettors who don’t know much about esports but want to make small wagers on their favourite teams or players.
At first glance, you might think that these sites only cater to people who want low stakes and little risk. However, that couldn’t be further from the truth. Many serious esports bettors primarily use these websites as a way to find high-quality value in their bets. A report by EEND Market Research revealed that the global esports betting market was worth an estimated $300 million in 2017 and is expected to exceed $450 million by 2020. This is fantastic news for anyone looking to take their League of Legends knowledge and skillset one step further than just playing the game.
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Learn More About Esports and League of Legends
The more you know about the game and how to bet on it, the better your odds are of making a profitable wager. Conducting research and reading up on our topic will give you a leg-up on other casual bettors. This way, when you place your bets, you’ll be betting with knowledge instead of luck. You’ll be able to see trends in the esports betting industry and analyse what makes them happen to profit off of them.
Recognize Patterns in Betting Markets
Just like in any other sport, there are patterns and trends that you can easily identify in the betting market. For example, you might notice that a team has an extraordinary win rate on particular map types. This will likely give them an advantage over their opponents in the next game, so it’s worth taking a closer look at the odds for this matchup.
Find The Best Odds on Highly-Rated Games
There are plenty of websites and apps out there that will give you the best possible odds on games. These sites use data from all sources, such as betting history and recent performance, to give you the most accurate information available. It’s important to find these websites because not all odds are created equal. For example, one website might have a line for a game that is -110, while another might be +110. The difference in these lines could mean getting 10 times as much money back if your team wins. It’s always worth it to take a few minutes to check multiple sites before placing your bet.
Identify Which Teams to Bet On
One of the best ways to make money as an esports bettor is to identify which teams are the best value when it comes to betting. By looking at their performance, recent results and odds, you can find where they’re overvalued and undervalued.
Get a Feel for How Much You’ll Want to Stake
One of the most important benefits of betting on esports is that it gives you a feel for how much you’ll want to stake. This is especially true if you’ve never placed a bet in your life. It’s hard to know what stake to allocate when you first start betting on esports, but getting a feel for the process will help you decide how much money you want to wager. The more experience with professional play and betting that you have, the more confident you’ll be in your predictions.
Betting on professional League of Legends tournaments can be a highly rewarding and enjoyable experience. Esports is a burgeoning industry, with hundreds of millions of dollars in bets every year. To start betting on competitive League of Legends games, all you need is a bit of knowledge and a lot of luck. First, it’s important to understand the basics of esports and League of Legends. Then, it’s time to identify patterns in betting markets. You’ll also want to find the best odds on high-rated games, identify which teams to bet on, and get a feel for how much you’ll want to stake.