Esports betting generally has a lot of similarities with traditional sports betting. You are, after all, betting on an outcome of a game. There are, however, a few slight differences that can have a huge impact on your sportsbook. You see, when you create a sportsbook website, you can offer any sports event you want. And since the coronavirus pandemic has stopped sports, esports is gaining even more popularity than ever. If you are offering esports in your sportsbook operation, make sure that you know what you are doing, so you can lessen the risk and increase your profit. To do that, here are some of the things to watch out for in esports betting.
What to Watch Out for in Esports Betting
When you become a bookie, you get exposed to the possible risks you take when setting your lines. Which is why you learn about history, trends, and more. One of the first things that you learn is that popular teams and favorites tend to get more action, and can sometimes be overvalued as bookies try to balance the lines on this event. The same concept applies in esports. A lot of bettors will want to play safe and bet on the popular and established teams. Just keep a sharp eye on things as the direction of a game can completely change in a second, due to the nature of the games.
This is especially true on BO1, or Best of 1 matches. For instance, people can pick the favorites because the opponent is not well known. However, the underdog may actually be a good team and win. The key is spending time to get to know the players in a game. Especially if you are just new to esports betting.
Other Factors in Esports Betting
Another key factor to watch out for, is roster changes. Particularly in team based esports like CS:GO, League of Legends, and sports games, any change in the roster can lead to a team that will not play well, and cause the team an upset.
Lastly, keep an eye out for specialist bets. These are bets that are specific to a game. For instance, in a game that involves battle, you can bet on which side draws first blood. There are also map winner bets. For sports games, you’ll find wagers that are typically found in prop bets. If you learned how to become a bookmaker pretty quick, then you should also take the time to study esports betting. Keep in mind that esports is a gambling market that is steadily showing growth over the years. It would be a great advantage for you to be knowledgeable in esports betting.