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The Future Of E-Sports Betting In India

September 20, 2021

Written By,

Brijesh Mehta

Is Esports Betting Legal in India? 

There are no regulations in India that restrict the usage of sites linked with e-sports betting. The state government owns it, and its legal status differs per state. 

future of esports betting India

The Public Gambling Act, 1867, is being implemented by the center on the issue, taken up by states like Uttar Pradesh, Punjab, and Madhya Pradesh.

The Competitors of Esports 

Many participants from various leagues or teams participate in DOTA2, FIFA 2020, League of Legends, and many more. Similar games became popular with home gamers.

Online betting firms in India support each event, and money-making bets in India may be made in Indian rupees. Millions of people watch these esports tournaments all around the world.

Esports Betting

The choice of esports betting currency becomes critical. It ultimately comes down to choose between cash and skins.

Cash is demanding an answer. The cash-based market primarily uses the market for cash gambling esports for traditional online wagerings, such as online casino games or sports betting.

More explanation is required for the skin. Counter-Strike: Global Offensive and other games make use of virtual objects known as skins.

Is Esports Betting Profitable? 

Esports is undeniably profitable, but it cannot be stated to be risk-free or a significant revenue source. 

Nobody has a formula that allows you to generate a full profit. Another issue is that no authority or institution validates the betting sites.

One should not leap into the notion of making money from esports betting without first learning about the industry.

A basic understanding of gaming is insufficient. To enhance one’s chances of winning, one might play many games while watching the teams, players, and transfers. Veterans can transfer teams regularly in esports, which is quite similar to actual sports.

What can you bet on in Esports? 

You may wager on eSports tournaments in a variety of ways. However, the most common one is real money betting. It works similarly to conventional sports betting in that you put real money bets at the bookie’s odds and get rewarded if your bet wins.

Because eSports encompasses a wide range of games from various niches, betting opportunities are virtually limitless. The following are some of the most frequent betting markets seen in the majority of eSports titles:

  • Handicap wagering
  • Betting on the correct result
  • Betting on the winner of the match
  • Predicting the winner of the tournament
  • Odds and evens bets
  • The first map bets
  • Bets on the first kill and the first blood

With the bets mentioned above in mind, it is clear that many betting markets in eSports are comparable to those in traditional sports.

Of course, some wagers are fundamentally different, which sets eSports apart from any other sports betting specialty.

Future of Esports Betting in India 

Even before the Coronavirus propelled the iGaming industry, it was on a solid foundation and rising year after year. eSports betting is most popular among gamblers aged 35 and under, and it is a trend that has yet to reach its apex.

As Generation Z (born between 1997 and 2012) grows older, the popularity of eSports and gambling will only grow.

All of this has contributed to eSports’ acceptance as a legitimate component of the betting business. eSports betting markets may now be found on virtually every online betting platform.

There are unique events, promotions, and incentives available just to individuals who watch and wager on eSports contests.

Many bookmakers have already collaborated with eSports teams to encourage video game betting. 

With all of this in mind, this form of betting is unquestionably a pastime for future generations, and it is here to stay, maybe reaching the same level of popularity as its conventional cousin or popular casino games like blackjack.

Bottom Line 

Betting on e-sports is quite similar to betting on a regular athletic event.  

Match winner or match win is the most basic recognized form of betting in e-sports, also known as a Money-line bet, Head-to-Head, Straight, and many more titles depending on your chosen online betting site or social circles.

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Written By,

Brijesh Mehta

Brijesh Mehta is a content writer & strategist from India providing his top-notch skills & expertise in the Sports and online casino industry for more than seven years. He is an avid reader and creative writer who is fond of words and uses them to teach others about online betting and trending sports news through his in-depth guides.