Are you ready to learn about esports and esports betting?
This A-Z glossary will give you the terminology, strategies, popular games and events, regulations, markets, and betting platforms and services you need to know!
Get ready to take your understanding of esports betting up a notch.
- The competitive landscape of esports is constantly evolving, with teams competing against each other in various games.
- The prize structure in esports tournaments can be significant, with large cash rewards for top-performing players.
- Game mechanics play a crucial role in determining how a game is played and the strategies and tactics that players employ.
- Esports betting involves analyzing the betting markets, including handicap betting, to make informed wagers on different games or events.
A-D: Terminology & Definitions
If you’re just getting into esports and esports betting, here’s an A-D glossary of some essential terminology and definitions.
Competitive landscape refers to the dynamic environment in which teams compete.
Prize structure is the rewards players receive for their performance in tournaments.
Game mechanics are the rules that govern how a game is played, including objectives and strategies.
Betting markets refer to the selection of wagers available for different games or events.
Handicap betting allows bettors to adjust odds on one team to make them more favorable so they can increase their potential winnings.
Odds describe how likely it is that a certain outcome will happen based on past performances and other factors.
Return on investment (ROI) is a measure of profitability over time — calculated by dividing total profits by total expenses over a given period.
E-H: Strategies & Tactics
When it comes to strategies and tactics in the world of competitive gaming, there’s no one-size-fits-all approach. Each game requires its own unique set of skills.
Teambuilding is essential for success. Finding the right combination of players can make or break a team’s performance.
Meta gaming is another important strategy. Teams analyze their opponents’ patterns and use them to their advantage.
Here are three tactics you should consider when forming an esports team:
Work together to create a cohesive strategy that will maximize your team’s strengths while minimizing weaknesses.
Analyze your opponents’ movements in order to gain an edge over them and anticipate their next moves.
Utilize team communication methods like voice chat or instant messaging to ensure everyone is on the same page during matches.
I-L: Popular Games & Events
You’ve likely heard of popular esports games like League of Legends, Dota 2, and Counter Strike: Global Offensive. These titles dominate the esports viewership landscape. In addition to their popularity, they also boast some of the largest prize pools in competitive gaming.
Beyond these big names, there are plenty of other major tournaments and events that draw massive audiences from around the world. IEM Katowice for CS:GO is one such event as it has been held annually since 2014 and draws tens of thousands of visitors each year.
ESL One Birmingham for Dota 2 is another tournament that sees over $1 million USD in total prizes awarded to participating teams. What’s more, organizations like DreamHack offer global events across multiple titles that generate immense interest from fans at home and abroad.
Esports viewership continues to rise with each passing year – making these games and events increasingly important on a global scale.
M-P: Regulations & Markets
With esports viewership on the rise, it’s important to consider the various regulations and markets that exist in different countries. From regulatory implications to market volatility, gaming authorities must make sure that popular games are properly monitored and fairly regulated. Here’s a quick breakdown of what you need to know:
Regulatory Implications – Different countries have their own set of rules when it comes to sports betting and esports betting. Make sure you research the laws in your area before engaging in any form of gambling activity.
Market Volatility – Esports markets can be extremely volatile at times, so make sure you understand how the markets work before investing any money into them. It’s also important to stay up-to-date with news related to the industry so that you can spot potential opportunities early on.
Licensing & Compliance – Each country has its own licensing and compliance requirements for esports betting sites, so make sure you do your due diligence before signing up with any online bookmaker or casino service provider.
Overall, understanding the complexities of regulation and market volatility is key when it comes to successful esports betting.
Q-Z: Betting Platforms & Services
|With the rise of esports, there are many betting platforms and services available to gamers. From Fantasy Leagues to Betting Odds, the options are endless.||Platform||Service|
|AlphaDraft||Daily Fantasy Leagues|
Betting exchanges such as Pinnacle Sports offer odds on a variety of esports tournaments, while FanDuel and DraftKings provide fantasy leagues for more casual bettors. Meanwhile, Unikrn is an esports-only bookmaker with a wide range of betting options on events from around the world. With so many choices out there, there’s something for everyone!