Esports, or electronic sports, are a form of competitive gaming that has been growing in popularity for the past few years. Gamers from all over the world compete against each other in popular games like League of Legends, DOTA 2, and Counter-Strike: Global Offensive for prize money and prestige.
(note: please download the image, do not link to the image source)
What makes esports so popular is the excitement and intensity of the matches. Watching skilled gamers battle it out on screen is an adrenaline rush, and the best players are often considered celebrities in their own right. Additionally, the level of competition is extremely high, with top players able to make a living from playing professionally.
Esports are also growing in popularity due to the increasing availability of streaming services like Twitch.tv. This allows people to watch tournaments and matches live as they happen, and it has helped to grow the esports scene into a global phenomenon.
Plus, people can now also bet on esports matches. This has added an extra layer of excitement and intrigue, and it means that there is now even more money to be made in the world of esports.
However, just like any other betting, it comes with risks especially for those who aren’t familiar with how the industry works.
This is why it’s important to do your research before you start betting on esports. You need to understand the different types of bets available, as well as the odds and how they work. By learning what common mistakes bettors usually caught on, you can mitigate it and avoid losing your hard earned money.
Common Beginner’s Mistake You Should Avoid
Esports betting can be a fun and profitable experience, but there are a few things you should avoid if you want to make the most of your time and money. Here are the four most common mistakes people make when betting on esports:
Not doing your research
Before placing a bet, it’s important to do your research on the teams and players involved. This includes looking at recent form, head-to-head records, and player rankings. You should also research for the best esports betting sites available online. Look at their license and regulations to make sure they are legitimate. Look at the reviews from other piers and see their T&C’s to make sure they are fair and won’t scam you.
Betting on matches you don’t know much about
It can be tempting to bet on matches that you don’t know much about, but this is often a recipe for disaster. If you don’t have any knowledge or insight into the match, it’s best to stay away from betting on it.
Betting with emotions
When you’re betting on esports, it’s important to stay calm and rational. Letting your emotions get the better of you is a surefire way to lose money.
Overtrading
This is probably the biggest mistake people make when betting on esports. Overtrading occurs when someone bets too much money on too many matches, which increases their risk of losing money overall.
To avoid overtrading, it’s important to only bet on the matches that you feel confident about. Stick to a betting plan and don’t be afraid to walk away from a match if you don’t have a good feeling about it.
Not managing your bankroll properly
Your bankroll is the amount of money that you have set aside for betting on esports. It’s important to manage your bankroll properly, as this will help you stay in control of your betting habits.
To do this, you should only bet a small percentage of your bankroll on each match. For example, if you have a $100 bankroll, you shouldn’t bet more than $10 on any one match.
By managing your bankroll sensibly, you can avoid going broke and ensure that you always have money to bet with.
If you can avoid these four mistakes, you’ll be well on your way to becoming a successful esports bettor. Just remember to always do your research and stay disciplined with your betting. Good luck!