Betting on eSports involves different types of gambling. Choosing the best betting type that you are comfortable with will help you in making your betting strategy to prevent big losses.
Such types of bets also add excitement to the game of eSports betting. These can be used in any eSports game. It is just important that the bettors understand what they are betting and if they can afford it. Bettors can either play in online betting sites or sportsbooks where betting games are held.
Real Money Betting
Real money betting is using real money to place eSports bets. This is the type of bet that everyone knows and uses. For those who want to make eSports betting a lucrative activity, they choose real money betting. This type of bet will require a bettor to place their bets in online betting sites or sportsbooks. This is where their money bets will be deposited and withdrawn in case they win. It is the most common betting type not only for eSports betting but for other betting games.
Skin & Item Betting
Skin and item betting is the use of items or virtual goods to bet. In-game items or virtual currency are often used in this type of betting. Some players and bettors especially the younger ones prefer this betting type especially when the items or skins to bet are useful for their video gaming. Bettors will agree on the type of bet they will place for the match.
Fantasy betting is quite different from the other betting types because it is not based on the outcome of the match. It is forming a dream team that will compete against other dream teams on an eSports game. Winning against the other dream teams will give them the bet money or items agreed. Some dream teams agree to use skins or items as bets while others prefer real money for profitability.
Social betting is wagering among family or friends. It is also called peer-to-peer gambling because you play only with people that you are socially connected with. The bets will be agreed upon within the group whether they want real money or items. This type of betting is non-formal and is conducted only within what the group has confirmed with.
Challenge betting is a form of social betting in which two or more punters decide to bet real money or valuable items and skins on the outcome of an eSports competition. In eSports, challenge gambling can happen between friends or between unknown private bettors through online platforms or forums facilitating this type of eSports bets.