How to win real money by betting on esports? It’s a question that doesn’t really have one straightforward answer. There’s no magical recipe to start winning real money with esports betting.
Remember, real money esports betting can be fun even without winning… but it’s definitely a lot more fun when you cash out some green!
Best Tips for Winning Real Money Esports Betting
Real money esports betting, just like real money betting on any other online category, is filled with ups and downs. If you want to be successful, you need to broaden the ups and minimize the downs.
In reality, though, it’s much more complex. Lots of variations are in play here, but you can pull the odds in your favor by exploiting the following:
Find Optimal Betting Odds
- What does this mean?
- How can one find optimal betting odds?
- What are they, to begin with?
Never settle with subpar odds! The simplest way to check this is to head on over to other esports bookmakers and compare their odds and lines to the ones featured by your bookie. If your bookie has consistently lower odds, that means it has high-profit margins. It also means you should start looking for a new real money esports betting site too!
Concentrate on Your Own Research
Lots of esports betting information can be found online. Stats should be your primary concern, though. You’ll have no trouble finding statistics no matter which esports franchise you’re interested in. As long as you put in long hours on research, you’ll have a better picture of the upcoming contests.
It’s always best to concentrate on your own research! Even if you fail, you’ll know what went wrong and won’t do the same mistakes over and over again.
Don’t Be Overly Aggressive with your Bets
Betting too much money, especially during a big losing streak, is bound to get you in trouble. If you want to be successful with this whole real money esports betting thing, you have to learn how to be patient. Being overly aggressive with your bets and not knowing when to stop and take a short break will end up costing you a lot more than your betting bankroll.
You’re not here to break even by all means. You’re here to have fun and you’re here to win some money. Going with aggressive bets with the hopes of just breaking even sounds a lot like chasing losses… and trust me, you don’t want to go down that route.
Understand the Importance of Game Setups
Not every CSGO match/event is the same. There are big differences in game setups, revolving around the number of maps and the type of tournament gameplay. The latter has two types, LAN and online. LAN events are held in massive venues and often in front of a live audience.
They are played without any online server connection (which means no input lag), everything goes through the good old LAN interface. Online events are different, with input lag playing a big factor and players typically playing from their own apartments or their teams’ training facilities.
Maps-wise, we typically have best-of-ones, best-of-threes, and best-of-fives.
If you like math, here’s an interesting Reddit post that’ll give you more information on different best-of setups.
Most Common Betting Mistakes
Winning real money esports betting slips is more than simply knowing what to do. You see, a fair bit comes down to knowing what NOT to do. Here are some perfect examples of the most common betting mistakes newcomers tend to make:
Trusting “Inside” Betting Tips
Let’s make one thing clear right off the bat – there’s no such thing as inside esports betting tips.
If a website claims it has inside information on outcomes of certain matches, it’s 100% a scam! The efforts of ESIC (Esports Integrity Commission) have put a stop to match-fixing across esports.
True, every now and then we do hear about a scandal, but even if they do happen, you won’t just casually stumble upon such information online.
Some even go to the extent of selling “premium” memberships for extra inside tips. I pity the people who’ve fallen victim to this, I really do…
We’ve already mentioned the term “chasing losses” earlier, so it’s time to give a detailed elaboration. Chasing losses is exactly what it sounds like – it’s when a bettor tries to chase down his/her losses by placing more bets. The goal, of course, is to break even as fast as possible and often involves half-baked bets placed in a rush.
If you notice you’re in a losing streak, just call it a day and move on. If you try and chase your losses, every further loss will hook you in even further. It’s a slippery slope, one you don’t want to be on the receiving end of.
Trusting your Guts
Last but not least – trusting your guys! I’m not quite sure what’s worse, trusting your guts or trusting “inside” betting tips. Both are equally silly and are equally likely to get you to splurge through your betting bankroll.
No matter how complex esports betting might seem, it all comes down to the hard work and experience you gather along the way. You won’t get rich overnight. But, with time, a series of small wins coupled with good enough consistency will help you monetize your favorite pastime.