Even if you’re unfamiliar with esports betting, it’s pretty easy to get into. Just like betting on anything, there’s variance, but try not to look at it as a game of chance. It’s a game of skill, just like the games you’d be betting on.
Being the best esports wager-er means a little knowledge, a little cunning, a lot of skill, and the tiniest pinch of brass balls. Let this be your strategy guide to getting better at esports betting. Here are the best tips and tactics to make some money on the new hotness. Many of them are great tips for betting in general, but many are specific to esports, and worth understanding even if you’re migrating from “real” sports to electronic ones.
Tip #1: Research
The first tip on the list - research. Research matters here more than so many people realize. Bet on games you know, and bet on teams with a lot of history. Check out the matchup data, see what people are saying, and figure out all the nuances.
It goes beyond just gut instinct—sometimes, way more. Gut instinct can help you for things like football games; it’s just one team against the other. You need way more info if you’re going to bet on these tournaments with dozens of teams.
With these types of games, there’s usually so much history between the top teams that there’s never a want for data. It’s simply a matter of checking to see who is best at what. Some games might just be decided by which team is better on a certain map.
Tip #2: Start Small
This is a great tip for any betting, but it especially applies here. Betting small amounts at first is going to get you confident as well as give you better ideas of the ins and outs of esports betting.
Betting small also gives you a chance to get involved with a tournament more deeply than just watching it. If you have something on the line—even if it’s a few bucks—it’ll make you focus and learn a lot faster.
If you bet in small increments, you can gradually learn what works and what doesn’t. You’ll also learn what kind of wagers you make, and where to improve your weaknesses.
Like anything, you have to work up to the big bets. Starting small can also give you that chunk of cash you can use to make the big bets.
Tip #3: Be Careful with the Long Odds
It’s always tempting to go for crazy long odds; the temptation becomes even worse when considering esports over other forms of betting. It’s just a video game, what if some guy pulls a lucky critical hit out of his pocket and wins the whole thing because of it?
You can’t think that way if you want to succeed and actually make money with this. You’ll need a lot of experience before you start taking any long odds. It can pay off, but “going for the big score” is just a loss waiting to happen.
The best winners in esports betting have wills of iron. They just have to resist that temptation. If you want to make money, it’s so key.
Tip #4: Take the Punts in Stride
Sometimes you lose. “Double or nothing” is a pretty eponymous phrase in the English language. It’s also really dumb, and everyone would know that if not for action movies.
When you lose on a bet, no matter the game, either take a break or bet on something completely different. If you lose on a League of Legends bet in the LCS, don’t take a similar bet.
If you plan on continuing to bet after a loss, don’t increase the stakes. This should be an internal law that you always remember. The fact that you lost is a sign that you made a bad judgment call—increasing the stakes while you aren’t in a winning state of mind is a recipe for disaster.
Tip #5: Don’t Burn Yourself Out
Betting itself is like a game, and even if you allow yourself a certain amount of “allowance,” you don’t want to keep betting and betting until it’s gone.
Just like anything, if you keep at it for too long, you’re going to burn out hard. It can be pretty impossible to even keep up with the tournament trends if you’re burning yourself out like that. It’s just a bad idea overall.
Tip #6: Don’t Get Discouraged by Safe Bets
You did it! Your first successful bet.
You made less than a dollar in profit. What did you think was going to happen?
The safest bets are sometimes not even worth your time because of stuff like this. You have to weigh the value of betting on something like this in your head. Yeah, you’re going to win, but why even bother when the profit is so minuscule?