• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Betting Offers UK

Best Free Bets & Casino Sign Up Offers For 2022

  • Betting Offers
  • Free Bets
  • Casino Bonuses
  • Home
  • New Sites
  • Free Spins
  • Free Bet Clubs
  • Bookies
  • Football
    • Premier League
  • Horse Racing
    • Cheltenham Festival
      • Disruptions & Cancellations
      • Old Course v New Course
      • Prestbury Cup
      • Top Trainers
      • Top Jockeys
      • Amateur Races
    • Grand National
      • Picking a Winner
      • Grand National Winners
      • Grand National Fences
      • Disruptions & Cancellations
      • Back to Back Winners
      • How Often Does the Favourite Win?
      • Prize Money
      • Virtual Grand National
      • Grand National Sponsors
      • Reserve Horses
      • How Many Finish
      • How Many Run
      • Grey Horses
      • Popularity
      • Amateur Jockeys
  • Irish Lottery
  • Blog

How eSports Could Be Vital to the Betting Industry

25 March, 2020

Console Game ControllerTechnology has changed many industries beyond all recognition, and sports betting is certainly no different.

Gone are the days when the betting industry relied on senior citizens at municipal dog tracks in the middle of nowhere, and the salad days of the Saturday acca on the football – while still incredibly prevalent – are also seemingly levelling out in terms of profitability.

The betting game has to be agile and fluid in this modern era, and especially so in the wake of threats of which the industry has ever felt before.

With pretty much every single slither of sporting action off the menu in March, April and perhaps even longer, the bookies have watched as their main revenue stream has disappeared before their very eyes.

And don’t forget what a fantastic year 2020 was shaping up to be for sports fans and the bookies alike, with football’s European Championships, the Olympic Games, the Ryder Cup and much more besides.

But those have all been shifted to 2021 at the earliest, while another golden goose for the bookmakers the Grand National, which brings in around £100 million per year, has been cancelled altogether.

They have had to be smart in how they adapt, because the reality is that some firms – in the wake of stricter legislation in the betting sector in the UK in particular – will not survive unless they find an immediate way to make some money.

Virtual sports have never quite been taken up by the humble punter. There is a feeling – misguided though it is – that the games are somehow rigged, which simply isn’t true given that each virtual event is governed by a complex algorithm that ensures fairness from the get-go.

But its perceived randomness takes away the one thing that the punter prides themselves on: the perception – real or imagined – that they have an edge on the bookies.

Perhaps that’s why another largely unappreciated area of betting has enjoyed a shot in the arm.

How the Bookies Are Bouncing Back

Esports Keyboard

Remember that we mentioned new technology earlier in this article?

Once upon a time it would have been unheard of for betting on a game of FIFA or round of Call of Duty to be big business, but believe it or not eSports betting is thriving – and not just currently.

The first eSports wager was taken in 2010, and since then this mini industry has grown to become a £1 billion concern – that’s how much betting revenue it generates on an annual basis.

These online games are absolutely perfect for the current climate and there has never been a more exciting time for eSports betting.

Unsurprisingly, traditional sports punters are starting to turn to the likes of CG:GO and Fortnite betting in the wake of the sporting blackout, and already the bookies are starting to notice the difference.

Esports Betting: What’s It All About?

Betway Counter Strike Match Stats

Games can be played behind closed doors by individuals away from the crowds, with the action live streamed to a huge audience via the streaming platform Twitch, which is quickly eroding YouTube’s monopoly on video content.

Punters have the option to wager on an array of betting markets pertaining to the game in question. So, as far as FIFA is concerned, you can bet on match winner, next goal, correct score and that sort of thing, while Call of Duty betting markets range from map winner to total kills and everything in-between.

But surely people aren’t betting on random eSports matches?

No, and this is where professional eSports gets its integrity, because many of the top players are salaried to perform for their franchise, and can also benefit from some rather handsome prize money too. That way, bettors have the peace of mind in knowing they are betting on a fair contest.

Indeed, the likes of Mercedes and Red Bull have invested heavily in their own eSports teams, such is the growing interest in the product.

If you are completely new to eSports betting, these are fantastic times to get started with the League of Legends’ own European Championships on the horizon as well as the continuation of the professional ESL Pro League, which sees the best CS:GO players in the world going at it.

Esports betting allows you to flex your punting muscle – studying form and the players involved – at a time when quality betting opportunities are few and far between. Who knows, maybe you will stick with it even after football and horse racing return….

Previous Post: « What Happens to Premier League Players Out of Contract on June 30th if the Season Goes On?
Next Post: Why is Sport in Belarus Continuing? »

Primary Sidebar

Blog

Rugby Player Being Tackled
What Is a High Tackle In Rugby and How are the Rules Changing?
Football with Blank White Cards
What Is a White Card In Football?
Football Manager Holding Up Tactics Board
Do Football Clubs Always Improve When Appointing a New Manager?
Man in Suit Holding Traditional Football Under Arm
Who Is the Greatest Football Manager of All Time?
Anfield Gates
Is 2022/23 Liverpool's Worst Ever Premier League Season?
More Blog Posts | Full Archives

Archives

Betting Sign Up Offers

  • Free Bets
    • Bet £5 Get £20/£30+
    • Bet £10 Get £30/£40+
    • Casino Free Bets
  • Casino Bonuses
  • Free Spins

Loyalty Offers

  • Acca Bonuses
  • Acca Insurance
  • Best Odds Guaranteed
  • Free Bet Clubs
  • Loyalty Points

Major Events

  • Grand National
    • How to Pick the Grand National Winner
    • Grand National Winners
    • Grand National Fences
    • Prize Money
    • Disruptions & Cancellations
    • Back to Back Winners
    • How Often Does the Favourite Win?
    • What Is the Virtual Grand National?
    • Grand National Sponsors
    • Reserve Horses
    • How Many Horses Finish?
    • How Many Horses Run?
    • Most Successful Owners
    • Changes Over Time
    • Female Jockeys
    • Grey Horses in the Grand National
    • Amateur Jockeys
    • Popularity
  • Cheltenham Festival
    • Festival Disruptions & Cancellations
    • Old Course v New Course
    • The Prestbury Cup
    • Top Trainers
    • Top Jockeys
    • Amateur Races
  • Premier League
    • Without the Big Six?
  • Irish Lottery

Related Posts

  • Exchanging the Exchange: BetDaq Sold Back to Dermot Desmond Just After Eight Years with Ladbrokes
  • Fred’s Done! Betfred Founder to Step Down as Chief Executive
  • What Will Happen to William Hill's UK Customers After Huge Caesars Sale?
  • Could Punters Be Limited to £100 Per Month Under New Government Guidelines?
  • Stats on Betting Sites Could Be a Thing of the Past in Landmark Legal Fight
  • Why the UK Economy Needs the Betting Industry Now More Than Ever
  • How eSports Could Be Vital to the Betting Industry
  • The Financial Impact of Sporting Cancellations on the Betting Industry in 2020
  • Palpable Error: What are Your Rights When a Bookie Offers You the Wrong Odds?
  • What Happens to a Bookie When Their UK License is Suspended by the Gambling Commission?

Betting Blog

  • American Football
  • Athletics
  • Betting Industry
  • Boxing
  • Cricket
  • Darts
  • Football
  • General
  • Golf
  • Horse Racing
  • Motor Racing
  • Politics
  • Rugby
  • Snooker
  • Tennis
betting-sites.co.uk
gambling-sites.co.uk

Copyright © 2023 Betting-Offers.com | BeGambleAware.org 18+