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Esports betting is a relatively new form of entertainment that millions of people enjoy.

In this video we will explain what 🍋 esports betting is, how it works, and what the risks are that you need to be aware of.

What are Esports?

Esports 🍋 is a term for competitive gaming.

In many ways it's the same as traditional sports with fans following teams, watching matches 🍋 and placing bets on who will win.

Esports are streamed live, with millions of viewers around the world watching contests at 🍋 any given time, leading to esports becoming a billion-dollar industry in recent years.

There are two main types of esports, the 🍋 simulation of real-life sports (FIFA, NBA and MLS have their own esports teams, for example) and classic esports games like 🍋 League of Legends, DOTA 2 and CS:GO.

Streaming platforms like YouTube and Twitch have made watching players accessible to anyone with 🍋 an internet connection.

Like in traditional sports, successful players can earn large salaries.

Some of the biggest esports tournaments involve teams and 🍋 players competing for millions of dollars in prize money.

Read More: What is Esports?

How Does Esports Betting Work?

Although you can gamble 🍋 before an esports event, live betting during the match has become hugely popular.

The three most common types of esports betting 🍋 are:

Real-money, fixed-odds betting through an online betting site

Social betting between individuals arranged privately

Skins gambling and loot boxes, which often take 🍋 place in-game

Some esports bets are specific to a particular game like CSGO , League of Legends, FIFA and DOTA2.

For example, 🍋 someone might place a wager on who makes the 'first kill' within a particular match.

Others bets can be placed on:Who 🍋 wins the match

Who wins the tournamentThe final score

Odd/Evens bets – this is where you guess whether there will be an 🍋 odd or even number of games won, players killed, or rounds played.

And Over/Under bets – you bet on whether an 🍋 esports team will score more or less than an amount set by the online betting site.

Esports Betting Risks

Since esports has 🍋 become increasingly mainstream and esports betting is widely accessible, it's important to understand the potential risks, especially for younger people.

One 🍋 concern is that because esports betting may not look like traditional gambling, parents of gamers or young people may not 🍋 realize that esports betting and loot box purchasing can be, in fact, gambling.

While traditional gambling is illegal for minors, esports 🍋 betting and other in-game gambling mechanics are not regulated, thus people under 18, or in some areas, under 21 can 🍋 easily gamble, often on their parents' credit cards.

Social media also plays a big part in encouraging young gamers to bet, 🍋 by making it seem like a normal part of gaming.

Esports betting sites advertise using social media posts that are funny 🍋 and relatable, with memes deliberately targeting a younger audience.

This is different than advertising aimed at an older demographic who places 🍋 bets on traditional sports.

Another concern when betting in esports can be a person's lack of knowledge of all the intricacies 🍋 of the sport.

Some games like DOTA2 or League of Legends are quite complex and hard to understand without an in-depth 🍋 personal knowledge of the game.

This is different from traditional sports, like soccer, for example, where the rules of the game 🍋 are generally widely available and understood by spectators.

A further concern with esports betting is match fixing, and the lack of 🍋 proper anti-fraud and cheating mechanisms in place.

Finally, as more young people engage in esports betting, or gambling within video games, 🍋 there are concerns that some may develop a serious problem or even an addiction.

Consequences of these can include negative impacts 🍋 in their physical health, anxiety, depression, lost work or school opportunities, conflicts in their relationships with friends or family, and 🍋 more.

Where to Get Help

If you think esports betting is causing you or a family member problems, emotional distress, or financial 🍋 harm, there is help and resources available for you.

Mental health support for individuals and families experiencing problems associated with gaming 🍋 or gambling.

Get started with Kindbridge today!

Book a free consultation

This article is part of Mind Your Game, a campaign brought to 🍋 you by Game Quitters, Kindbridge and the Entain Foundation US to reduce gaming and gambling-related harm in esports.

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