According to UltraPlay, Esports bets have increased significantly in scale and turnover.
In 2016, the amount paid for esports bets was $5.5 billion for major tournaments. With esports betting projection from iGB declared to achieve 39% growth per year, reaching $343m by 2020. Esports have become an attractive option for many. In turn esports betting turnover skyrocketed by 500% from mid-march this year.
Another significant part of the gaming industry that has experienced a tremendous amount of attention and excitement over the years is casino games. With the rise of technology and gaming on the move, a lot of people turned to online casino games to play casino classics and bet money.
As per a Casino Gaming Market Research Report, the global casino markets were expected to reach $6247.75 million last year and $8443.56 million by 2025. Casinos continue to maintain a promising future.
For purposes of this post, we'll delve a bit more into the differences and similarities between two sectors that have rocked the gaming and gambling market.
Esports betting is considerably new. Many reputable bookmakers offer the public a chance to place bets on some of the most popular tournaments available in esports.
With streaming platforms such as Twitch so widely accessible and convenient for players to watch from any device. Viewers and gamblers can watch esports, and their favorite player or team, take on their opponents with ease.
While esports has gained a significant following, whether esports betting will surpass casino games in size and popularity is unknown. Especially when considering one considerable difference - casinos offer a plethora of welcome bonuses and incentives to join.
There are a select number of popular games that viewers and gamblers can bet on from esports, these are;
- League of Legends: This is one of the most-watched games via streaming channels, with teams such as Invictus Gaming, former champions, propelling the popularity of the game. LoL, features a team effort, involving skilled players to win.
- Counterstrike: Global Offense: Thousands of people from across the world make time to watch Counterstrike competitions. This is a first-person shooter game with a terrorist theme.
- Dota 2: Dota 2 is a Multiplayer online battle areas game. Players work as a team to eliminate rivals.
- Fifa: Featuring the adored sport of football. FIFA has an eWorld Cup tournament, highlighting its popularity and significance for gamblers and viewers, to bet and spectate.
Why People Enjoy Betting On Esports
There are a few reasons why gamblers like betting on esports. Much like traditional sports, players are required to exercise skill and strategy to win against their opponents. When gamblers get to know different esports players and teams, they can judge, just as football fans consider football teams who might win, how a team is likely to perform.
With the opportunity to make a calculated guess on an esports game, it's more enjoyable for viewers to evaluate the teams' potential to win or lose.
Moreover, esports viewers and gamblers get the same rush as they would if they were watching a traditional sports team playing.
In contrast to esports, casino gambling has been around for centuries. With a plethora of games on offer, there's something to entice all. While some casino favourites rely solely on luck, others require skill and strategy. For an overview of a few popular games, please see below.
Slot machine games: The symbols are processed by an RNG (random number generator). Only in recent years have casino providers sought alternative methods to make slot machine games more skill-based.
Roulette: A quick and exciting game to play. Players can choose to bet on various numbers, either red or black, odd or even, and guess where a ball might land on the wheel. However, getting a winning strategy can be quite complex. Frank Scoblete is regarded as “casino gaming's number one best-selling author”, his blog post on roulette tips leaves no stone unturned and should help you to get that winning feeling.
Poker: Poker is a skill-based game. Numerous famous poker players make a living via professional poker tournaments. Significant tournaments include WSOP (World Series of Poker).
Benefits of Casino Games
Casino games enable players to alter the outcome of a game. Furthermore, casino games have evolved extensively over the years. With smartphones and internet connections improving, mobile is a convenient means for people to play casino games wherever they like.
Moreover, live and virtual casinos offer a happy medium for players who want to feel the casino vibe but don't want to leave their house to get there. This is one example of how the casino sector is progressive and adapts quickly to new technology and trends.
Esports Vs. Casino Betting Conclusion
With attitudes and beliefs gradually changing towards betting worldwide, there's more acceptance of games and gambling, such as esports and casinos. Meaning more countries are embracing the benefits each part of the gambling and gaming industry brings.
Whether someone would choose esports over the casino or vice versa is highly dependent on multiple factors such as a person's motivations, and whether they prefer a skill-based game or one that's reliant on luck. Moreover, other factors such as available platforms to bet on and the legislation on gambling will influence their decision too.
While some people prefer placing bets on games that provide minimal decision-making, such as slots. Others may prefer the skill-based notion of casino games like poker. It isn't easy to pit casino games as a whole against esports, because blackjack, for example, shares little commonality with league of legends.