Traditional sports betting is a niche market that is dominated by people who are looking for new ways to have fun. Sportsbooks allow bettors to place bets on different real-life sporting activities across the planet.
On the other hand, betting on eSports involves placing wagers on matches between two players or teams. The players compete by manipulating characters in a virtual environment, and the side with more points wins an event. This article compares different aspects of eSports and traditional sports betting.
Historical patterns
Many punters consider eSports as a young sport since it’s hard to find reliable long term eSports data, which if you had it, would make betting on CSGO, DOTA 2, League of Legends, and all the other main eSports a lot easier. There aren’t any accurate predictions for the outcome of any tournament, so there are no constants in esports betting.
In addition, there are no reliable eSports seasons, and the number of upcoming tournaments is not constant. In most cases, you can’t even tell whether an event will have high or low viewership because there are no historical patterns.
Besides, there are a lot of variables in eSports betting that can affect profitability and winnings. For example, if you’re looking at one match, then it’s easier to analyze your bets and determine which side will win.
However, if you’re looking at an entire tournament, then it becomes harder to predict who will win because there are numerous factors to consider.
On the other hand, traditional sports betting structures are reliable and odds change according to previous results and betting activity. For instance, if there is heavy betting action on one side, most sportsbooks adjust odds to get a profit no matter the outcome.
Historical patterns help punters to forecast the outcome of a sporting event by analyzing the available knowledge base. You can find out if your favorite team has won or lost every single game they’ve played against a certain opponent in a particular league. Therefore you get a much better understanding of how a squad might perform in the upcoming events.
Sportsbooks and esports platforms
eSports betting and review platforms are new and evolving, and their focus is not only on betting but also on developing eSports communities. They create an environment that allows players to engage with each other and interact with different game providers. Their goal is to create a community based around the game rather than just betting on the outcome of different events.
Traditional sports betting platforms are more established, they offer a lot of options and they have a lot of integrity. The sites are also more focused on the game, they don’t let you bet on any other aspects than the game itself.
The amount of money that is wagered is also limited and there is a limit to how much you can win per bet. Further, there’s no interaction between the players and bettors since most betting firms are not affiliated with any team.
Player injuries and fatigue
Betting on eSports is all about the game itself. You bet on the skill of the players and possible outcomes in each round of play. players are less likely to get injured in esports because there is no physical contact between players.
In addition, it is a common misconception that eSports players are as good as traditional athletes. However, this is not true, because eSports players have to keep up with the pace of their game. Therefore, it’s very difficult to perform at your best every day.
In traditional sports, there is more room for error than in eSports because it takes longer to set up a team and prepare them for an event. When teams travel long distances to participate in a competition, many players fail to perform due to fatigue. Besides, players can get tired, or injured, and that can affect team morale.
Regulations
The eSports industry is not regulated by any professional sports governing body, so it is not subject to the same rules and regulations as traditional sports. Each tournament tends to have its guidelines since there aren’t any established standards that govern the gameplay. This could be seen as an advantage for gamers who want to place their bets without having someone else dictate how things should work.
However, some game providers are trying to develop universal rules for their games. For instance, Valve has a set of rules which players should follow while participating in CSGO competitions.
Traditional sports betting has numerous laws that regulate how teams and punters behave. For instance, match fixing is an offense, and coaches or players that try to influence the outcome of a match usually face hefty penalties.
Besides, there are numerous regulations that sportsbooks follow including responsible gambling policies, age restrictions, country restrictions, and specific rules for each game. There are also governing bodies like the FIFA, NFL, and NBA that control sporting activities and dictate the order of events and the rules of the game.
Future bets
Esports futures aren’t yet available because there isn’t enough liquidity in the market. The idea of esports futures is difficult to actualize since the game it’s not a real sport. Besides, most leagues aren’t licensed by authorities and it is difficult to regulate future markets.
On the other hand, Futures markets are popular in traditional sports betting. They offer the same excitement as live betting but with lower risk since you don’t bet on ongoing events. You can find futures for top sporting activities like basketball, American football, soccer, and MMA fights. In addition, some bookies allow punters to wager on futures and win generous payouts.
Summary
The eSports scene has grown massively in recent years, attracting gamers and punters alike. Although the number of tournaments is on the rise, eSports betting is less robust as compared to traditional sports betting. Esports need to have a reliable regulatory body to regulate the competitions and betting activities to safeguard punters’ interests.
With all that said, what are your thoughts on this?