Can you imagine that eSports has made up a revenue of $1.08 billion in 2021? And it doesn’t seem to be a limit. The growing trend is about to continue for a while. You can make sure of this by checking a great variety of eSports betting options at https://cover.gg/.
Esports betting can offer a far superior customer betting experience than traditional sports. The game can be distributed instantly and updated within a second. It has also no restraints of manual data collection that are eligible for traditional sports betting. Well, there is something more to be known by bettors. Let’s see five opportunities that eSports betting has to offer you in 2022.
1. Guaranteed data integrity
To grasp the significance of eSports betting, a great amount of information needs to be processed by bookies and bettors. If you’re a bookmaker, you should be able to predict the outcome of an in-play bet. If you are a bettor, you should be able to analyse the bookmaker’s odds through the prism of information taken from other sources.
To eliminate the negative results, data collection must be manual. Football has become a classic example of an efficient combination of classic and traditional betting. All parties of the betting process have to fight for the unique information that might affect the match outcome.
2. Advanced in-play betting
Apart from getting data in real time, the digital specificity of eSports provides gambling operators with instant access to all game-related data. This has encouraged the boost of eSports betting because bookmakers can now offer a wide range of in-play bets with little to no effort at all. In traditional sports, in-play betting can only address a particular level of complexity before it gets overly difficult for bookmakers to manually monitor the outcomes.
3. Accurate odds in real time
Considering the fact that eSports produce great amounts of data, they can benefit from machine learning. The benefits of these are obvious – accuracy of bookmakers’ predictions and instant updates to in-play odds.
Given that eSports haven’t been around for a long time, League of Legends, Dota 2 and CS:GO are probably the best-known titles. For newer titles, there is a real opportunity for bettors with a thorough understanding of the game. To win money before the gambling operators, the available models need to be updated.
4. Interesting betting tactics
The more you understand the game, the higher your chances of success. By keeping track of the major market events, you can learn the tactics used by players. This will let you predict the future results more accurately.
The main challenge faced by bookmakers is to find ways of contextualising in-game events within the wider game tactics. Let’s say that player of CS:GO shoots a terrorist. Does that tell you the player has a good day in the same way? The diversity of eSports titles and their respective complexity makes winning potential more complicated.
5. Advanced data-based customer experiences
The availability of game data reveals the possibility for new customer-oriented betting experiences. The most important of these are visualisations, including data widgets that help bettors to review the smallest details of the game. The major visualisations for betting, however, are prediction monitoring, which uses machine-learning models to make accurate outcomes in real time.
While addressing the rise of eSports betting, some eSports companies have already provided bettors with a new way to stake money in eSports – tokenized digital data. This will most likely have a positive impact on prize winnings. The actual effects will be seen in a matter of several years.