Esports is one of the newest sports gambling markets there is. It combines traditional sporting markets with new and exciting technology. Esports betting allows you to gamble on the outcome of professional video game contests. This can be in one of several different gaming genres, including games such as Fortnite, National Football League (NFL), National Basketball Association (NBA) and soccer games such as FIFA.
Proposition betting is one of the biggest gambling markets in the NFL. This type of gambling is also known as a prop bet for short. A prop bet is a bet made regarding the occurrence or non-occurrence of an event during a game which doesn’t directly affect the game’s final result. If you were looking to place this type of wager on a specific team, you could potentially place Chiefs prop bets, for example. This type of betting includes in-play bets and betting on the next team to score a touchdown, for example. These types of markets are available in both NFL and esports gambling, so it is a type of market that transfers over very easily.
Esports is such a huge marketplace that some tournaments have even played to sold-out stadiums, with winners of tournaments sometimes raking in seven figure sums. With this huge, popular and expanding marketplace comes an opportunity to bet on the outcome of the games, and gambling companies are eager to take advantage of this current market trend. As younger generations are introduced to gambling markets, it is important that the markets keep up with the current trends within these age brackets. Esports would definitely be considered one of these trends.
Betting on the NFL, especially online, includes a number of different markets. You can place a wager on the game’s outcome, as we have previously stated, but you can also place wagers on a host of other outcomes.
This includes prop bets and outright markets or futures markets such as the outcome of the Superbowl. You can also bet on the two teams that you think will make it to the final. Other markets include the margin of points that a team will win by.
The Superbowl is a huge one-off event and is one of the most watched sports finals in the world. It is estimated that there is a worldwide audience of over 200 million. When there’s such a huge appetite for a one-off game, not only does it generate considerable revenue for the NFL and the teams involved, but it also generates huge potential revenue for gambling companies. Generally speaking, NFL betting will predominantly take place in the United States. However, during the Superbowl, there’s a considerable increase in international interest.
Within these markets, there are additional specialist markets, such as handicap betting. Handicap betting has been around for a long time and isn’t solely related to the NFL. It is also a popular marketplace for people betting on sports such as soccer or the NBA. Handicap betting is also known as line betting by some oddsmakers in the United States.
Line betting is when a match is handicapped by the bookmaker. If one side is considered to be 5.5 points better than the opposing team, you can wager that this team will win by more than 5.5 points. You can back the opponent to lose by no more than 5.5 points or win the match. You will often receive better odds on handicap betting as you are not only betting on the favorite, but you are also betting that they will win more convincingly. Of course, the same applies in reverse. You can bet on a team to lose by a large margin to help boost your odds and potential return.
We must stress that gambling is not a form of income, and you should only gamble an amount you can afford to lose. The esports market is a market that continues to grow. The NFL and Electronic Arts recently signed a huge new contract to host esports NFL tournaments for several years. It certainly doesn’t look like the appetite for this market will slow down anytime soon. Similar contracts have been signed for FIFA and NBA tournaments as well, not to mention the huge audiences that these tournaments and matches can draw.
Markets are not restricted to sports games such as the NFL, NBA or FIFA. There’s a wide range of other esports markets that you can gamble on. Including games such as Dota and League of Legends, the latter of which has tens of millions of active players online every month.
