How to Make Money Betting on Esports
- Esports betting strategies can help you manage risk and become more consistent in winning bets.
- The key to making money from esports betting is understanding the games and markets and doing thorough research before placing your bets.
- Tips and strategies can protect your bankroll in the long term, but don’t guarantee winning bets consistently.
- Always gamble responsibly and with funds that you can afford to lose.
Esports betting has quickly become a multi-billion-dollar industry. It’s a great way for fans and gamers to turn their own knowledge and experience into profit. The beauty of it all is that there are many different ways you can make money with esports betting.
In this guide, we’ll break down some of the most popular esports betting strategies to help improve your chances of striking gold and making a profit while managing your risk.
How to Make Money Betting on Esports
There isn’t a guarantee that any strategy or tips that you follow will provide you with wins, because ultimately, you’re placing a bet, which is a gamble.
However, there are plenty of strategies in place that can protect your bankroll in the long-term, and also provide you with more justification behind the bets you place with your chosen esports betting site.
You should also look to gamble responsibly and with funds that you can afford to lose, because there aren’t ever guaranteed wins, particularly in esports betting, which can be unpredictable at times.
Esports Betting Strategies
When you start out with esports betting, it might feel like you place bets based on who you think will win.
But you’ll need more of a strategic approach if you want to make it work. Using strategies can definitely give you the edge over casual bettors and newcomers as well. Below, we’ll take a quick look at some of the most popular esports betting strategies and how you can use them to your advantage.
Flat Betting
This strategy is where you’ll wager the exact same amount on each bet you make. No matter how you feel about the outcome, you’ll always place the same bet. For example, if you decide that your flat betting rate will be $20, you’ll wager that amount on any bets that you place.
In a Counter-Strike 2 match, it might look something like this:
- Team Spirit to win – $20
- Team Spirit to have the most kills – $20
- Team Spirit to have the least deaths – $20
| Pros | Cons |
|---|---|
| Helps manage risk and your bankroll | Limits your potential profit when more confident on certain bets |
| Reduces the risk of sizable losses due to overconfidence | Slower-paced strategy that takes time to gain momentum |
| Keeps your emotions in check with the stake of the bet |
Statistical Research
Statistical research involves examining team performance metrics, player statistics, and historical data before placing your bet. You should actually be doing this research regardless of it being a “strategy”, and it’s an essential part of responsible betting.
As an example, let’s take an EA FC match between Fnatic and Falcons. You can dive into their head-to-head history to get a clear indication as to which team performs better when they play against each other.
| Pros | Cons |
|---|---|
| Allows you to make more informed bets | Requires more time, effort, and access to reliable data |
| Can identify hidden value in odds | Research doesn’t guarantee success, as surprise results can still occur |
| Helps you head into a bet with more knowledge and preparation |
Value betting
Value betting is a strategy that focuses on finding odds that underestimate a team’s chances of winning. Your best bet is to find value odds early on, as the odds shift with team news and they become tighter closer to match day.
As an example, you’re looking at Dota 2 bets and you spot Team Liquid listed as the underdogs for an upcoming match, with a 25% chance of winning. However, based on their recent form and team news, you believe that their chances of winning are actually closer to 50%. You can place the bet early, and if the odds shift closer to your 50% over time, you’re making more profit than other players who place their bet later (if your bet wins).
| Pros | Cons |
|---|---|
| Can be highly profitable over time | Value bets can be difficult to find |
| Takes advantage of the bookmaker’s potential errors | Lower success rate compared to other strategies |
| Rewards knowledgeable players who conduct research |
Live betting
Live betting allows you to place wagers while a match is in-play. You’ll need to react to moments during the match to get the best odds and place your bet at the right time.
For example, if FaZe Clan loses the first round of a best-of-three series, but they still look sharp, you could bet on them winning the next two and taking the series overall. Betting on them to make a comeback would give you more favorable odds, since the odds would shift to back their opponents to win with the early lead.
| Pros | Cons |
|---|---|
| Flexible approach to betting | Need to have a great understanding of the game to place potentially profitable bets |
| Can take advantage of mid-game trends with potentially better odds | Fast-paced decision making can lead to impulsive bets |
| Alternative angles to betting on events when they’re live |
Top Tips to Make Money Betting on Esports
Making consistent profit from esports betting is all about understanding the game. We’ll take you through some top tips for potentially making money through betting on esports.
🎮 Understand the games: Just because one bettor landed a big win in League of Legends, doesn’t mean you should try League of Legends bets now as well. It’s crucial for you to have good knowledge and experience in a game before you start betting on it. Try to specialise in one or two titles and follow the news, updates and meta changes.
🎮 Study team and player form: Performances can fluctuate and vary massively from one week to the next, especially in esports. Don’t just pick the team you think will do well. You need to make sure you do your research and look into the team or player’s recent form.
🎮 Manage your bankroll: When you start betting, it’s easy to get carried away. Managing your risks and bankroll is crucial to long term sustainability. Always keep your emotions in check and try to use a strategy that suits your risk appetite.
🎮 Shop around between different sportsbooks: Make sure to compare a couple of different bookies to see the odds they offer, especially in terms of pricing. Use odds comparison sites to find the best price for your bets.
🎮 Try unique markets: Esports betting isn’t just about betting on a match winner. With so many unique markets to choose from, you need to experiment with different avenues of betting.
Conclusion
Esports betting opens up a whole new world of opportunities, especially if you’re coming from a traditional sports betting background. Esports betting offers tons of unique markets and strategies that can reward you if you take the right approach.
As a bettor, you need to find the strategy that works best for you and adapt it to your own style. Make to sure determine your risk appetite and do thorough research before placing your bet. All of this is key to have a long term, sustainable, and profitable esports betting experience.
FAQs
What are the most profitable esports betting strategies?
Strategies like flat betting, value betting and matched betting can give you an edge. These strategies rely on spotting discrepancies that would give you an advantage and better profit while managing your risk.
Which esports games are best for making money betting?
Popular titles with established esports betting communities include CS2, Dota 2, LoL, EA FC, Fortnite, Call of Dury and VALORANT.
Can you bet money on esports?
Yes, you can bet money on esports events. Many licensed sportsbooks offer esports in their markets.
Is esports betting profitable?
Yes, esports betting can be profitable but it’s also high risk. Skilled bettors who do their research can become consistent in winning their bets, especially if they apply strategies to their approach. However, with any form of betting, there is always a high risk of loss.
