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Esports Betting, how does it work, the basics of eSports betting,

Esports Betting, how does it work,

After a slow start, betting on eSports has become big the last couple of years. Do you know what eSports is all about? And how to place a bet on them? With this article, we give a set up for e-sportsbetting for starters, a short introduction for eports bettors.

Types of esports betting

Naturally, things had to be well organized. So, different types of esports betting came into the business. At present, we can speak about Social betting, Challenge betting, Real money betting, Skin & item betting and Fantasy esports. We explain these terms briefly to keep this article as short as possible.
• Social betting is about making private wagers with other individuals. Friends or online contacts place informal wagers on the outcome of events between themselves. These wagers can be for real money. The terms are agreed between the two parties, and then settled accordingly. Most specialisits do not recommend to do this, although it is quite common in the eSports community.
• Challenge betting (the same as 'head-to-head betting') is a form of betting based on compete directly against other gamers for an agreed stake.They play for real money or items and skins. A lot of gamers simply organize wagers among themselves, and then settle up once their contest is over. There are also websites that organize things a little more formally where the players and/or teams pay entry fees to enter a contest. Prizes are rewarded from the fees. We recommend challenge betting only if you’re a heavy gamer.
• Real money esports betting (= or fixed odds esports betting) is the easiest and funniest way to make money from esports betting. You do not have to learn to get started. You just place wagers on the outcome of esports events, that’s all. This is the form of eSports betting closest to traditional sports betting. It works in largely the same way as betting on football games, boxing matches or golf tournaments. You place real money wagers at agreed odds, and get paid out if your bets are correct.
• Skin & item betting (also known as item betting), is tremendous popular among eSports fans. Players use virtual currencies and other items that can be transferred between players. There are many auction websites s and trade websites where players can buy, sell and swap items and currencies for several of the most popular video games. • Fantasy esports betting: technically this is not betting at all. It is just like daily fantasy sports for traditional sports, but we build rosters using eSports players instead.

There are also betting sites where players can use items and currencies to gamble with. They can use them to bet on the outcome of eSports contests as a replacement for real money, and they can use them for other forms of gambling too. There are sites i.e. where items can be used to play games of chance such as roulette, or even a simple coin flip. Some sites run jackpot games where a number of players put their skins into a pot and a winner of the whole pot is chosen at random.

eSports Betting Sites

There dozens and dozens of eSports betting sites, all launched in recent years. Several existing sports betting sites have started offering eSports betting as well. Which website to use for your esports betting, is not an easy decision. There are good, reliable sites, but some are serious lower quality. There are plenty of options for real money esports betting. The casino sportsbooks in Las Vegas accept esports wagers too ever since esports betting was officially legalized in the state of Nevada.

Is esports betting legal

That is a good, expectable question. Unfortunately, the answer is not easy. Because Esports betting is still a relatively new form of gambling, very few regions around the world have provided any relevant legislation. Each country has to legalise both online gambling and sports betting in order for Esports betting to be legal. The legality of Esports betting is a constantly changing topic; some countries where it isn’t legal now might legalise it in the future. For the most part, as a player, you can assume that any existing sports betting laws also apply to esports betting. If it’s legal to bet on traditional sports where you live, it’s almost certainly legal to bet on esports. We’re not aware of anywhere where it’s actually illegal to bet on esports. So, even if it’s not explicitly legal in your country, it’s very unlikely that you could get in any trouble for placing an esports wager.
Technically, in most states in the US, it is not legal to bet on eSports. But you can still bet with sites that are not based in the US. E-Sports betting is only legal in some US states such as Nevada, New Jersey and Delaware. The countries where Esports betting is legal are Spain, Taiwan, Australia, Japan, United Kingdom, Korea, New Zealand, and Macau.

Can you win real money from esports betting

That it, just like playing in a classic mobile casino, entirely up to you and having luck! You can help your happiness by spending time and doing some research at good esports websites, read players comments, study useful information, so that you know what you need to know. We end this article emphasizing that you also need luck and then you’ll end up winning money.
For information about 'HOW ESPORTS BETTTING WORKS' and more stuff for starting esports-bettors, click HERE!

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