Can Esports Casino Betting Make You Rich
There are some famous stories of people making their fortunes with nothing more than gambling skills and luck. Three forms of gambling are most common to see when you start looking at the biggest winners: poker, fantasy sports, and sports betting.
Esports casinos are more popular than ever, and it’s easy to see why. Skill is as much of a contributor to winning as luck can be, meaning that those gamblers with more knowledge of a game are going to be more likely to win big. The question is, is it possible to become truly rich off the back of esports gambling?
The Lack of House Edge
One of the reasons why it’s harder to win big at a traditional casino is down to the house edge.
With esports betting, there is no house edge, and that makes players reliant on their knowledge and skill (and a little luck). If you look at the list of the richest gamblers in the world, esports is a common way to generate gambling income. Poker and blackjack are also common, but the top names on the list prioritize diversification in their gambling streams.
Sports betting, even on esports, is easy to get into, and with more gamers in the world than ever and more tournaments happening more regularly, there’s a lot of potential opportunities to place your bet and win big. Of course, as with all gambling, you have to be smart about where and how you bet.
The goal should always be to find the highest value outcomes based on the smallest risk.
The core skill of everyone aiming to get rich by gambling on esports is to manage their money effectively.
Bankroll management is critical to perfect because it can be very difficult to resist placing a bet that’s slightly higher than you can afford to lose, especially if you’re convinced of an easy win. That’s one of the fastest ways to lose your bankroll.
The most common solution for more practical bankroll management is to make smaller wagers across a wider range of bets. That way, if you hit a losing streak, you won’t end up coming out at a too serious loss. Losing streaks happen to every gambler, but by managing your bankroll, you can reduce a lot of risks.
Of course, if you aim to get as rich as possible, then you want that bankroll to be growing every day.
Specialize and Focus
The most successful gamblers in the world usually focused on one to three different games.
Esports is slightly different from traditional gambling simply because there are so many games, leagues, and tournaments to choose from. If you’re an experienced Halo player, then focus on that game for your betting. If you’re more likely to have put in some hours on League of Legends, then you already have a strong foundation to be able to make smarter bets. Branch off into games you’re not so familiar with if there happens to be a tournament happening, but don’t take serious risks.
Focus on one, two, or three esports, and become an absolute specialist in them. Some people may think this is counterproductive, as it limits the number of different events that you can bet on and potentially win on, but it’s important that you don’t spread yourself too thin.
Betting is all about game knowledge, so if you lack knowledge and information to make an informed bet, then you run the greater risk of losing out on that bet. That’s why it’s best to focus on a single game that you can learn about and become familiar with, like the back of your hand. The things you’d want to learn to include the best players, their form, map, or game type preferences these teams have, basically anything that can give you an advantage in figuring out who has the edge and who is likely to win.
If you get really good at betting on a singular game, you can then use your expertise to become a tipster, where you inform other people on what bets they sound be making, in exchange for a percentage of their winnings. This can create another avenue for you to make money via eGaming betting.
Even a decade ago, it wouldn’t have been possible to become seriously rich by esports betting simply because there wasn’t enough betting volume. With esports bigger and better (and more popular) than ever, that betting volume is now at the level needed to make consistent wagers.
Esports might not yet have the betting volume of traditional sports, but it’s catching up. That means there’s more money to be made than ever.