Bitcoin eSports betting deserves your attention. Why?
Let’s examine the facts
eSports is Growing Fast
Take a look at this excerpt from a recent study reported by Business Insider:
“Total esports viewership is expected to grow at a 9% compound annual growth rate (CAGR) between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023, per Insider Intelligence estimates.”
Nine percent is a gigantic growth factor. Half a billion is a gigantic amount of people — it’s more than the entire population of the United States, after all.
eSports champions are earning millions of dollars in winnings from championships, sponsorships, and their Twitch streams.
Viewers are paying to watch Twitch streams, paying to buy “skins” in their favorite games, and directing their purchasing power to eSports in much the same way that traditional sports fans spend money on their favorite basketball, soccer, or football teams.
The bottom line with this fact is that a growing segment of the audience is switching from traditional sports to eSports.
Bitcoin betting on eSports is following; it’s moving along with the audience.
The link at the top of the article shows how major Bitcoin betting sites are allowing bets on individual champions and whole teams in more and more eSports games such as CS:GO, Fortnite, DOTA2, and more.
If you’re directing a betting site — you’d best be paying attention to this growing segment.
If you’re a punter or sports better — perhaps there could be an opportunity for making winning bets in the eSports area?
The eSports Crowd is a New Demographic
Statistica shows a few eye-opening statistics for bitcoin bettors to pay a bit of attention to:
“As generations have grown up with video games a normal part of life, the age of the average gamer also increases. During a 2020 survey, 38 percent of video game players still come from the 18 to 34 age demographic, and six percent are 65 years and older.”
This is the generation growing up in the digital world. Games on the PC. Socializing on the web. Everything digital.
Sports are following — and becoming eSports.
So why wouldn’t this new generation want to put their money where their passion/fandom is? Of course, they do. And what better way to fund digital sports bets than digital funds?
Yes, fans of eSports can bet with fiat by sending their funds from their bank accounts or their credit cards — but why do that when the time to process these traditional forms of money can take days? Why not use cryptocurrency to make bets — especially when cryptocurrency can take minutes to process or less.
A significant reason eSports is heating up is therefore easily seen: the new generation is far more comfortable and intuitive using cryptocurrencies to bet on eSports.
How to Bet on eSports with Cryptocurrencies
If the reasons above have intrigued you — then perhaps you’d like to give it a go? Betting on eSports using cryptocurrencies, that is.
1) Find an eSports game to get into
A number of great eSports games are available to not only follow but play. You can buy and play CS:GO and DOTA2. Enjoy the gameplay and the camaraderie during online play sessions.
Then, find a team that you feel has a good group dynamic with dedicated players. You might be surprised to find that eSports champions have as much dedication, energy, and focus on competition and winning as champions in traditional sports.
Many eSports champions will stick to strict training sessions and even diet and exercise routines — because they recognize that the food they eat and the physical exercise they get will directly improve their reaction skills and mental speed needed to play these eSports at competitive levels.
2) Find an eSports betting site
The link at the top of the article lists the most respected eSports betting sites that accept both cryptocurrencies and fiat funds for deposits and withdrawals.
Some are better if you live in the EU, others if you live in the states, and still more are global. Choose one that fits your residency requirements and offer the type of services important to you.
3) Get and Use Cryptocurrency
Many eSports betting sites will accept deposits in fiat and give withdrawals back to the fiat method of your choice. But if you’ve taken all the steps so far — why not at least experiment with the benefits that cryptocurrencies offer?
Faster transaction times, lower fees, more bonuses at some betting sites, and even the possibility of remaining anonymous await.
Granted, there are a few responsibilities you must be ready to take on your shoulders: keeping your cryptocurrency safe, making sure you’re sending/receiving to the correct address, and even keeping track of your winnings for tax purposes are all responsibilities that come with the freedom and benefit of using cryptocurrencies.
Some people might have more time than others to put all these puzzle pieces together. But even if you don’t have the time — perhaps it’s worth it to take the time and see how cryptocurrency eSports betting could give you an edge.
Either way, thanks for reading, and good luck out there!