What can we expect from Esports betting in the near future?
With the rise of esports, gambling on esports has been a popular topic. Do casinos and sportsbooks get in on it or not?
The future of esports is always an interesting topic of conversaitons
Esports betting is definitely still in its infancy because the industry as a whole still in its very early stages. People are still trying to find a harmonious balance like they have with sports. There are many well-established leagues all over the world for sports but in esports, the same cannot be said.
Sure there major tournaments that are staples like The International for Dota 2 and the many different majors for CSGO. But even the teams for each of them are not exactly set. They do not have franchising and treat things like Golf or Tennis when it comes to professional play.
For those who are used to NBA, MLB or NFL, there are historic teams that have been playing in some of those leagues for over 100 years. The sports that these teams play have been around much longer than any of those teams or leagues as well. This is probably the biggest advantage that sports have on esports and esports betting.
Establish in the ways that major sports do
As for the future of esports betting, it is needed to be understood that as more esports establish themselves in the ways that major sports have, they will have a better chance of growing. One such example is League of Legends. The game itself has been around for over a decade and it does not seem like one that will be slowing down anytime soon.
Because of this, people have invested a lot of time and money into their professional scene. They have professional levels in nearly every major area of the world. Similar to many professional sports, these teams have franchised and are a true part of the ecosystem for their game.
But one may be asking, where does esports betting and it’s future come into play with all of this? The simple answer is that as teams and leagues become more established, so does the future of esports and its betting composition.
Esports still has a long way to go…
Individuals will gain more knowledge and similar to sports, they will feel more confident in that said knowledge. Therefore, they will be more willing to bet on their understanding.
The same can be said about teams that are officially established. For the major of the initial years of esports, teams and players were recycled constantly. Now with franchising that is mostly over in some of the major esports. The teams and players continue to assemble more and more fans which means that they will be more like to bet on their teams as they want to see them win.
Compared to sports betting, esports still has a long way to go. But as more teams, players, leagues and even the esports themselves are established, esports betting will catch up right alongside them.
Editing by Rachel Hu
