Esports Betting Guide- A New Trend of Casino Betting
Esports betting is still a new thing in India but it’s not so uncommon overseas. Betting on esports games has become a new trend for those Indian betting enthusiasts who are looking for something different in the betting world besides cricket and football betting.
If you are a beginner in the world of esports betting, you have come to the right place. We discuss here all much-needed information about esports betting in India including esports betting odds, ultimate esports betting tips, top esports games to bet on, and the best esports betting sites in India.
This article will be helpful for you whether you want to bet on Dota 2 games, Counter-Strike games, or any other esports games.
What is Esports?
Esports (Electronic sports) is an organized video gaming competition where professional players or teams compete against each other. Some of the top esports games are Counter-Strike, Dota, Call of Duty, League of Legends, Overwatch, and StarCraft , to name a few.
Esports games have gained massive popularity these days, and the global market of esports is already huge. The professional players and teams are watched by millions of fans from different parts of the world by attending live events streaming on online platforms or tuning in to the broadcasting channel.
Know About Esports Betting in India
The two worlds of esports and online betting have met. With the growing popularity of esports, esports betting is also growing with no surprise.
Esports betting has already begun in India and the number of esports bettors is significantly increasing every year. Many online betting sites in India offer to bet on top esports games like Dota 2, Counter-Strike, League of Legends, etc.
Bettors from India can easily create an account on an online betting site and place their bets by accessing the site. Funding online betting accounts might be troublesome to some Indian bettors as Indian banks are yet to well-adjust with online betting platforms.
However, they can use e-wallets like Skrill and Neteller to fund their account and place bets on their favorite esports events and tournaments.
Understand Esports Betting Odds
Everybody wants to make profits as much as possible in esports betting. Understanding betting odds is essential for bettors for finding the best odds and improving the chances of making higher profits.
Esports betting odds are set by online bookmakers or sportsbooks, which are the online betting sites offering bets to the public. Such betting odds reflect what the online bookmaker thinks about the potentials of the teams competing with each other.
Online booking sites generally express betting odds in any one of three common formats – Decimal format, Fractional format, or the format of implied probability.
Let’s briefly discuss them.
With decimal odds, the total return on winning bet can be calculated easily. For example; the betting site offers odds of 2.40 in decimal format.
For calculating the total return, if your bet wins, you simply have to multiply the odds with the wagered amount. If you bet INR 1000, then the total return would be:
Total return = ₹ 1000 × 2.40 = ₹ 2400 (which includes your wagered amount ₹ 1000)
Net profit = ₹ (2400 – 1000) = ₹ 1400
An online bookmaker can also express betting odds in fractional format . With fractional odds, you can easily calculate the net profit on winning bet. For this, you have to multiply fraction and the wagered amount.
For example; if the bookmaker offers odds of 3/1 (3 to 1) which is in a fraction. If you bet INR 1000, you will earn a net profit of (3/1 × ₹ 1000) i.e. ₹ 3000 on winning.
Total return on winning = ₹ (3000 + 1000) = ₹ 4000.
Some online bookmakers might express their odds in the format of implied probability to represent the likelihood of occurrence. The fractional bet of 4/1 is expected to occur once in every 5 attempts. So, the percentage of probability is 20%.
The percentage of probability odds can be converted to decimal odds as follows-
Decimal odds = 100 / probability odds percentage
For example; if the online booking site offers 40% as probability odds. Then, its equivalent decimal odds can be calculated as 100/40, i.e. 2.50. With decimal odds, you can calculate the total return on your winning bet.
Ultimate Esports Betting Tips & Strategy
Apply these important tips for esports betting to boost your chances of winning and lminimize the betting risk.
Analyze bet before placing
If you want to make smart bets, you have to analyze every bet in-depth before you wager. You have to invest time in reading the latest news and reports, study statistics, and know about the players and teams that are competing in your chosen esports game.
For betting, you can trust your gut feelins, but it would be much appropriate if your gut feeling is backed up with sufficient research about the games and teams.
Remember that knowledge is crucial for making smart bets on any sport. Expand your knowledge, analyze the available bets, and pick the best betting option that you are likely to find onan esports game.
Read the Terms and Conditions of Your Chosen Online Betting Site
Do not neglect reading the terms and conditions of your chosen online betting site when registering an account. Read the T&Cs carefully before you agree to them when creating an account.
Reading the T&Cs is important to ensure that you are completely compliant to the betting site and to make sure that you are familiar with the information about wagering requirements of bonuses, time restrictions on the usage of bonuses, minimum odds, etc.
Compare odds available and choose the best odds
One of the important esports betting tips for you will be comparing the odds provided by several trusted and legitimate betting sites. They have differences in their odds on the same bet.
Even if their odds have slight differences, it can make a significant impact if you are betting a large amount or in a long run. Compare the odds and you can choose the best odds available. Best odds mean the odds that provide you the best possible return on winning.
However, always ensure that the betting site chosen by you is safe, trusted, and licensed. Beware of shady or scam online betting sites that lure you with high-profitable odds.
Join a gaming community
To expand your knowledge of esports games and esports betting, you can join a gaming community of esports. The entire gaming community is vast, and you can find various esports gaming communities that you can join on the Internet.
You can select an esports gaming community based on your chosen esports game for betting. By joining a gaming community, you can get much insight regarding the esports game from esports fans.
Dota 2 Betting
Dota 2 is one of the top esports games available for betting in India. It is a popular multiplayer battle game where two teams compete against each other for destroying the Ancient Structure of the opponent team.
Many online betting sites in India offer Indian bettors to bet on Dota 2 games and tournaments. The top Dota 2 tournaments for Dota 2 bets money available in India include the Dota 2 International, the annual DOTA Summit, and the StarLadder i-League Invitational.
If you are interested in Dota 2 betting, you can find the best odds at BetBarter and make some Dota 2 bet money.
CS: GO Betting
Counter-Strike: Global Offensive (CS: GO) is a popular esports discipline for which there are probably the most odds offered by Indian esports bookmakers. CS: GO, a fourth game of the CS series, is a multiplayer first-person shooter game.
In Counter Strike betting, bettors can place their wagers on the possible outcomes of matches and series of Counter-Strike. The esports betting sites in India offer bettors to bet on major CS: GO events and tournaments CSGO Major Championships, ESL Pro League, BLAST Premier, and many more.
Interested in CS: GO betting? Click this to read the CS: GO betting guide and know about various available bets.
LoL (League of Legends) is another top esports game available for betting in India. It is a game where competing teams attach each other to demolish the ‘Nexus’ of the opponent team.
There are different types of bets available in LoL betting such as Match winner bet, handicap bet, First Baron or Dragon, First Inhibitor/Tower, etc.
Top Esports Betting Sites in India
Below is a list of trusted and licensed esports betting sites in India that provide various betting opportunities on top esports games
1. BetBarter India
2. Skylive Casino
3. Sky 247
Esports Betting with BetBarter
BetBarter is one of the best esports betting sites in India that offers an exceptional betting experience to Indian bettors. BetBarter offers to bet on top esports games and tournaments with the best possible odds.
The main aim of BetBarter is to provide an enjoyable betting experience to customers with top-notch customer service. Moreover, BetBarter offers different types of bonuses and promotions that are satisfying for both beginners and seasoned bettors.
BetBarter has a fully optimized and easy-to-navigate website for betting and playing casino games.
Join BetBarter now; receive top welcome bonus and esports betting bonus available in India.
Esports Betting FAQs
1. Is betting on esports legal in India?
We are not in a state to say that betting on esports is legal or not in India. According to The Public Gambling Act (1867), gambling in India is prohibited, but the law hasn’t mentioned online sports betting and online casino betting.
So, is it legal to bet on esports in India or not? The answer depends on which state of India you are from. The government of India has left this up to each state of India to decide if they want to make online gambling legal or not.
Sikkim and Goa have made online gambling legal. Maharashtra has made it illegal. The most states of India have no laws regarding online gambling. So, if you are from anywhere in India except Maharashtra, you are safe to bet on esports as the status is neither legal nor illegal.
2. How to win a bet on an esports game?
If you are new to esports betting and concerned about how you can win a bet on an esports game, then you have to research and then place smart bets to improve your winning chances.
Expand your knowledge about the particular esports game, its teams, and players as knowledge is a key for making a wise betting decision. Also, you can seek advice from esports gamers and expert bettors online.
3. Is it safe to bet on esports games in India?
Yes, it is safe if you choose to bet with BetBarter or any of the trusted sites that we have mentioned earlier for esports betting.
Always go for a trusted and legitimate site for any online betting activity that ensures protection of your personal details and provides top-notch security.
4. Are winnings on esports bets taxed in India?
Not automatically, but you have to pay the tax at the rate of around 30% on your profits earned from online betting or gambling in India when you file a yearly tax return
5. How can I deposit and withdraw money for esports betting in India?
Check the payment options provided to you by your chosen online betting site in India. You are likely to find the payment options that include MasterCard, Visa, Bank Transfer, Neteller, and Skrill.
For depositing and withdrawing, all you need to do is choose the payment option that is convenient to you, enter the amount you want to deposit or withdraw and confirm the financial transaction.
Since banks in India do not go hand to hand with online betting or gambling, you might not be able to use bank transfers and debit cards for the transaction. So, in such a case, you can use Neteller or Skrill. Remember that you set your both online betting account and Neteller or Skrill account to Indian rupees to avoid any fees.
Esports betting has a big global market, and it is also growing in India. It is a great choice for Indian bettors who are looking to gain different online betting experience.
If you are from India, you can bet on top esports games and tournaments with a trusted online esports betting site like BetBarter.
What are you waiting for? Choose your favorite esports game, research to learn about it, get yourself updated with what’s happening in an esports competition, apply esports betting tips, and place smart bets to win some real cash.