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How to Make Money Betting and Making Predictions of Esports

by Grace

The world of sports and betting is nothing new and has been going on for decades. Some of the most famous examples being horse racing and the Super Bowl. However, a newer player has entered the game – esports. Visit joywallet.com for similar games to earn money.

Esports is the competitive aspect of video gaming, where professional players compete in tournaments for prize pools that can reach millions of dollars. With its growing popularity and massive viewership, it’s no surprise that betting on these tournaments has also gained traction.

But how does one make money through esports betting? Here are 15 tips to keep in mind:

1. Research your team or player. 

Just like traditional sports, having knowledge about the teams and players involved can give you an edge in making predictions on who will win a match or tournament. Follow their recent performances, any changes in roster or coaching staff, and any potential conflicts within the team that could affect their gameplay.

2. Keep up with the current meta. 

The meta, or current dominant strategies, in esports can change quickly with updates to the game being played or shifts in the professional scene. Stay on top of these developments to have a better understanding of how they could impact your predictions.

3. Utilize statistics and analytics. 

Similar to traditional sports, there are now many resources that provide statistical analysis for esports matches and tournaments. Use these to gain insights and make more informed predictions.

4. Don’t put all your eggs in one basket. 

Spread out your bets across different teams and players instead of putting all your money on just one option. This minimizes potential losses and increases the chances of making a profit overall.

5. Consider the odds. 

Take note of the odds given by different betting sites and compare them to your own predictions. If they align, this could be a good indication that it’s a safe bet. However, don’t automatically dismiss bets with high odds as they could potentially pay off in the end.

6. Manage your bankroll wisely. 

Set limits for yourself on how much you are willing to bet and stick to it to prevent overspending or excessive losses. It can also be helpful to keep track of your wins and losses in order to adjust your strategy accordingly.

7. Don’t let emotions cloud your judgement. 

Despite being fans of certain teams or players, always make sure to approach betting decisions logically and objectively rather than letting bias influence your choices.

8. Take advantage of bonuses and promotions. 

Many betting sites offer bonuses for new users or special promotions, so make sure to take advantage of these offers when available.

9. Consider live betting. 

In esports, matches are often played out in real time instead of being pre-recorded like traditional sports. This opens up the opportunity for live betting, where you can place bets even after a match has started based on the current gameplay situation. However, be cautious with live betting as it can be more unpredictable and risky.

10. Don’t let losses discourage you. 

Betting is not an exact science and there will always be risks involved. Don’t let occasional losses discourage you from continuing to improve your strategy and gain profits in the long run.

11. Explore alternative betting options. 

In addition to betting on the outcome of a match or tournament, there are also other ways to make profits through esports betting such as predicting player performance, map winners, and more.

12. Diversify your bets across different games. 

Instead of just focusing on one game, consider branching out and learning about various titles in the esports scene. This can open up a wider range of betting opportunities and decrease your chances of loss due to any potential fluctuations in a single game’s professional scene.

13. Don’t underestimate underdogs. 

While it may be tempting to bet on popular or top-performing teams, don’t discount the potential of underdog teams that could surprise everyone with their gameplay. Keep an open mind and consider all options before making your bets.

14. Stay updated on tournament formats and rules. 

Tournament formats and rules can vary between different events, so make sure to stay informed about any changes that could potentially impact the outcomes of matches and your bets. 

15. Network with other bettors and experts in the esports scene. 

Discussing and exchanging information and insights with others who are knowledgeable about esports can be a valuable resource in improving your betting strategy and overall understanding of the professional scene.

FAQs

1. How old do I have to be to bet on esports?

This can vary by region, but typically you must be at least 18 years old to legally place bets.

2. Is there a limit on how much I can bet?

Again, this can depend on the betting site and your jurisdiction. Some sites may have maximum bet limits in place for each individual match or event. 

3. Can I make a living off of esports betting?

While it is possible to make substantial profits from esports betting, it should not be depended on as a primary source of income as there are always risks involved and outcomes can be unpredictable. It is important to approach betting with caution and responsible money management. 

4. Can I bet on esports events in person?

Some larger esports tournaments may have live betting options available, but for the most part, esports betting is done online through designated websites. 

5. Is it possible to cheat in esports betting?

Similar to traditional sports, attempts at cheating or rigging bets in esports do occur. It is important to research and use reputable betting sites that take measures to prevent these illegal activities.

Conclusion

Esports betting can be a profitable and exciting activity, but it is important to approach it with caution and strategy. Stay informed about the professional scene, take advantage of promotions and bonuses, consider live betting options, and network with others in the industry to improve your chances of making successful bets. Remember to always gamble responsibly. Happy betting!

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