eSports has been increasingly popular as a spectator sport. According to the statistic of SuperData, there are 226 million eSports fans worldwide, and the number is increasing continuously. One of the best ways to gain more revenue from the increasing fan base is to establish Bitcoin esports betting sites.
Esports crypto betting
Esports is overgrowing with no end in sight. When it comes to esports crypto betting, there are many options for bettors. There are even dedicated esports cryptocurrency online casino websites that exist solely for this purpose.
First off, let’s talk about what is meant by ‘esports’ and just who these people are that want to bet their favorite teams or players to win against another team or player. One of the more popular games is League of Legends (LoL). This game has an enormous following, with millions of fans worldwide watching professional competitions. These competitive matches attract thousands of viewers live at stadiums or via streaming services like Twitch TV. These competitions make esports one of the most popular spectator sports in the world.
Esports considered a niche market compared to traditional sports like football (soccer) or basketball for example betting which soccer team will win the game. Nonetheless, it is certainly growing at an impressive rate, and its popularity will likely continue to rise in the future. Bitcoin sports betting sites are gaining speed every day with gamers who have become accustomed to easy transactions in the cryptocurrency market.
Sometimes there are up to thousands of bets per esports match. With so many people betting, bettors can find it challenging to choose which online casino is best for them. Bitcoin sports betting sites allow users to place anonymous bets on teams or players using their favorite cryptocurrency. And they accept multiple cryptocurrencies. Usually, players will find it easier to choose one popular online casino because the support is faster and more responsive than smaller sites.
All in all, using an esports cryptocurrency betting site can be very beneficial for bettors who place many bets per day or week.
Crypto Esports Betting
Crypto Esports Betting is the latest method of making money from Esports by placing bets over the Blockchain network. Betting sites emerged because there were no honest sportsbooks catered to those who wanted to bet on Esports. A crypto esports betting site is a website that allows gamers to place bets using cryptocurrency. This can be Bitcoin or any other type of cryptocurrency.
Online casinos that allow esports bets with cryptocurrencies like BTC and ETH have emerged in recent years. It is becoming more popular every day among players who prefer safer and more anonymous transactions. Export fans like to place bets on tournaments and matches, significantly since the number of bets has increased in recent years due to the competitive nature of esports. The emergence of Esports cryptocurrency betting is a significant step forward in allowing bettors to use cryptocurrencies with ease while also benefitting both players/teams and online casinos that offer this service.
Bitcoin esports betting sites differ from traditional websites because they accept virtual currencies widely used among the younger generation. Some of the most prominent Bitcoin esports betting sites: Coin Bet, X-Bet, Nitrogen Sports Poker, and backup.
Fans are an integral part of any sport or game because they support their favorite team/player by buying merchandise, showing up at events, watching streams, etc. As it sounds, Esports fans are fans who appreciate. And actively watch video games such as Dota 2 and Overwatch competitively. Their passion for the games makes esports very similar to traditional sports even though it is still considered a “niche” market compared to other traditional sports worldwide in terms of total revenue generated.
In traditional sports, being a fan generally means watching games from time to time or going to a stadium or local bar to cheer on your favorite team/player. However, being a fan implies that you live and breathe for your favorite player or team in esports. You can watch them play through streaming services like Twitch TV several weeklies.
If they are not playing on stream, many fans will be watching VODs (video on demand) to see how their favorite players improve their game. eSports fans are primarily males between 18 to 34 years old with a university degree or higher education. For example, all this demographic information is essential for companies to create eSports sponsorship.
Esports has taken the world by storm in recent years. With millions of people worldwide tuning in to significant events unheard of compared to other sports worldwide! As esports grow larger each year, it is only natural for the industry to continue innovating. And developing new tools/services to improve the fan experience. With ease, Esports cryptocurrency betting allows bettors to quickly transfer money to place bets on their favorite teams or players.
The emergence of cryptocurrencies need in esports for years. This benefits everyone involved in the industry by allowing teams/players to transfer money into their accounts quickly. It allows bettors to feel safer while placing bets on significant tournaments, beneficial for everyone involved.