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The downside comes for American Express customers , who often find themselves shut out of being able to deposit by credit cards. There may also be relatively low deposit limits or restrictions on how many deposits you can make within a certain time frame.
Not universally, and not at many of the major, established online sportsbooks bitcoin esports betting is possible.
But there are some smaller online sports books, some of which specialize in esports betting, that do allow BTC deposits and cashouts. The growing popularity of competitive gaming makes it difficult to assess precisely how popular esports betting is.
Any numbers that are researched are likely to be superseded almost immediately. However, there are a handful of significant figures we can look at to judge the size of esports betting.
OddsMatrix reports that there are at least million esports fans worldwide. Bettors only represent a portion of that number, but esports gamblers are high-rollers when it comes to significant events.
OddsMatric also reports that up to 15 billion dollars will be wagered on esports matches in Viewership numbers for big esports events have exploded over the past few years, with totals that rival traditional sports leagues.
Part of this is due to accessibility. Most esports tournaments are available to watch for free in HD, and many of the games themselves are free to play.
The esports industry is more eager than ever to create betting opportunities. NewZoo estimates that there were million esports fans in and million in They also believe that the number of esports fans will increase to million by This year alone, the esports market has generated over 1.
While esports betting is growing more and more popular worldwide, some regions have taken to it with more enthusiasm than others. This is due to different laws regarding betting and accessibility and the varying popularity of esports worldwide.
As far as popularity goes, Southeast Asia is the biggest market for competitive gaming. NewZoo reports that Latin America and the Middle East are the fastest growing regions in terms of viewership, which will naturally lead to a higher volume of betting from those countries.
There are several different video game genres in esports and not every bettor bets on every game. The most popular esports to bet on generally fall into two categories; sports simulation titles and the Big Three.
Sports simulations like NBA2K, FIFA, and Madden Football have grown increasingly popular in recent years.
Traditional sports bettors appreciate these titles for their similarity to real sports. They use the same ruleset and oftentimes the same controllable players as their respective sports leagues.
The Big Three refers to a trio of dominant esports titles that make up the core of the esports industry; Counter-Strike: Global Offensive, Dota 2, and League of Legends.
There are a variety of different ways that you can wager on the outcome of esports competitions or even on specific outcomes within an eSport competition.
The majority of major online bookmakers now offer at least some amount of esports betting, although the quality and quantity of the offering can vary greatly by each individual sportsbook.
Two traditional sportsbooks that have embraced esports betting are Pinnacle and bet This genre of betting is especially popular in the United States, where access to quality online sportsbooks is limited by laws and regulations.
But, thanks primarily to a federal law known as UIGEA Unlawful Internet Gambling Enforcement Act , fantasy-based wagering enjoys at least a partial exemption from gambling law in America.
One of the biggest drawcards is that they accept punters from every state in United States. The esports betting sites we recommend for US pro gaming fans are based and licensed overseas due to strict online gambling laws which vary state-by-state and restrict what local online esports sportsbooks can offer.
They often carry superior welcome bonuses and promotions which grant additional value to signing up and regular play. For North Americans who prefer to bet with bitcoin cryptocurrency especially, there are some seriously great exclusive bonus deals presently offered to all of our readers who sign up through our provided links.
USA esports fans can find out how to claim free bets and bonuses for esports betting in our provided guide. Credit card : Using MasterCard, Maestro and Visa-branded credit cards is supported at some offshore sportsbooks accepting USA players.
Usually it is the safest way to deposit money to bet on your chosen esports betting markets due to the worldwide reputation and proven security that comes with using credit.
Withdrawals are equally as fast, usually within 72 hours. American Express is not accepted at any online sportsbook we recommend at this time.
You simply create a free acount with the service, link a funding method bank account or card and load up with how much you intend to bet with.
Then you transfer the money in your e-wallet account into your account at your preferred online sportsbook. For more in-depth information on how to deposit money at esports betting sites and which payment services best suit your country, make sure to check out our various guides linked to on this page.
For those seeking a more detailed answer: To say online gambling and online sports betting laws in the USA is complicated would be a severe understatement.
To properly breakdown and outline the legality of esports betting would require intimate knowledge of local, state and federal legislation, which makes following which state has legalised which form of betting all the more difficult.
View all eSports bookmakers. Find the best betting site for your eSports bets. If the odd for a victory of C9 is 1. Of course, you can combine those bets and in case you do so you can calculate your potential winnings with this formula:.
Top esports bookmakers of the week. View details. CSGO DreamHack Masters is one of the most popular Counter-Strike tournaments alongside IEM and ESL.
There are way too many events played every year hence why we decided to dedicate this article to DreamHack betting.
Here, you can find out By Mario Juric. Read More. Intel Extreme Masters Beijing reached the playoffs and quarterfinals have already been played.
Given the fact that there were quite a few surprises so far, we decided to give our take on this CS:GO event by offering IEM predictions Latest odds.
VISIT BET We also rank the eSports sites available based on our own review system, which is based on these crucial fundamentals.
Our reviews are partly based on a metric we called security which is based on the companies' reputations, the amount of years they have been in business and the amount of complaints at various complaint services around the internet.
To get the best eSports betting experience it is important that you find a bookmaker that covers your needs. You should be able to find the specific games and markets that you would like to place your bets on.
The betting sites differ a lot in this aspect. Some bookmakers have a lot of markets, including special bets like who wins the first round or who draws the first blood etc or outright winner markets which means that you can place bets on which player or team wins a whole tournament, before it has even started.
The bonus offers do not only differ between the different betting sites but also for players from different regions.
This is why our reviews and bonus listings are optimized to only show valid sites and bonus offers for players in your country. Usually, bonus offers come with both wagering requirements and time restrictions.
This means that you would have to wager your bonus amount a set amount of times before being able to withdraw them. You would also have to do this within a set time frame.
When we mention how good a betting sites odds are we are talking about the margin that they charge you for using their service.
This is a hidden fee for the inexperienced bettor but is very important to be aware of. We have our own review system rate the different eSports betting sites in your country based on these different metrics, updated monthly.
Read the odds section in our FAQ for further details. That means that if you are playing from a country which requires a licence from a specific governing body like the United Kingdom Gambling Commission, UKGC.
You will only be shown UK eSports betting sites with a license for the United Kingdom. The eSports boom opened the doors for new entrepreneurs, creating their own betting companies with a strong focus on eSport.
There are many of them and more are popping up every day. It is worth mentioning that they might be a little less secure than the already well-known bookmakers, but they are usually well funded by VC firms which gives you safety as a customer.
Their product offers are usually stronger since they accept bets on most eSports games and have great event and tournament coverage.
Some of the best eSport focused betting sites are Betspawn , arcanebet and GG. The well-known sportsbooks also noticed the strong interest for eSports-betting and the high audience numbers on twitch and other streaming sites.
Some of them have put a lot of effort into building a great service for eSports enthusiasts and accepts bets on a lot of eSports.
There are three of the established, well-known and experienced betting companies that stand out when it comes to accepting bets on eSports.
There are two reputable, larger betting sites that really stand out when it comes to eSports betting and have a really good product.
These are:. The first one to notice is Betway eSports. They provide an excellent service and accepts bets on a lot of different games and cover most tournaments and events.
Everything from Counter-Strike: Global Offensive to Player Unknown Battlegrounds PUBG. In addition to covering a lot of matches, they also provide a live betting product.
They are also committed to giving back to the community which they showed recently by sponsoring the Swedish multi-branch eSport organization Ninjas in Pyjamas most known for their legacy CS 1.
Another giant within the industry that have adapted the eSports scene is Bet eSports. The games played as eSports are growing each day.
As long as there are gamers and enthusiasts playing and watching a game it has a potential for betting. The person the bettor is attempting to beat is the oddsmaker, and the oddsmaker's views on each team's chances.
At those levels, the sports bettor will have an extremely profitable and enjoyable hobby. MORE NFL BETS BET NOW.
MORE NCAAF BETS BET NOW. A Point Spread is the number of points added to or subtracted from a team's actual score for betting purposes.
To determine the winner for betting purposes, the Point Spread is added to the final score of the team you bet on.