What is the ESport industry and how is it growing so fast?

What is the ESport industry and how is it growing so fast?

Have you ever been asking yourself what the video games are and what is ESports? Why do you suddenly starting so much of it all over the web and how do you hear, that you can make money out of it? Let’s start from the beginning.

Esports – a new web universe, you can be anything and anyone

So if you compare the sales of music, box office and video games, you will see that the video games are taking the market of entertainment tremendously. So Esports is a part of video games industry – it is similar to other sports. You have the NBA, you have NFL, you have Baseball League – this is something you can compare Esports with as it is a subculture within the gaming industry. It is people, who are watching not sports matches, but the best gamers, playing video games.

You might be denying that Esports is a sport, but what you cannot notice is the speed of its growth all over the Globe. There are a lot of games that became the part of Esports. Those are fighting games such as Smash, Street Fighter. There are the shooters, like Call of duty and Contra Strike. Also, there are strategies, such as Dota and League of Legends. To give an example of Esports events we can speak of League of Legends, which is now the most popular given in the world. Now it has over 27 million daily active users and about 67 million people that play every month. The League of Legends is hosting a world championship at the end of each season. The last championship finals at the end of season four have gathered the total viewership that was higher than the World Series and the NBA finals at the same time. This event has collected live viewers in the largest venue in Korea. If we speak of the gamers, that participate, these people are practising ten to twelve hours a day and some of those guys have million dollar contracts. Their dedication is definitely there – they are athletes.

When you are watching the Esport gives, you know the excitement; you know what’s on the line. And it also has it all from traditional sports – adrenalin, crying and winning – same like in traditional sports. And this is what Esports is.

This industry has not been acknowledged by everyone, and yet it is growing so fast that it definitely deserves your attention.

How did this financial phenomenon appeared and grew so fast?

What first started as a bunch of schoolmates, playing to the video game in one room now turned to be full stadiums of the audience and a market that is projected to reach 22 billion dollars by 2020.

There are a lot of things you did not know about Esports, but they are very curious and interesting. For example, did you know that Esports appeared for the large audience much earlier than the Internet? The first Esports championship has been held in Cambridge in 1972. It was a game of Star Wars and the prize was a one-year subscription to the Rolling Stone Magazine.

South Korea played a huge role in the development of the Esports industry. This country has embraced the opportunity of playing video games online better than any other country. All over South Korea, the video games salons, that are called PCBanks started to appear. They provide the players with food and even a place to take a nap during the game. Being a professional gamer in South Korea is similar to being the NFL player in the US.

Esports is changing the way we consume the content tremendously. Imagine, you’re e watching the basketball game and you have a question to LeBron, how he is making his defence and the strikes. If this would be in the Esport game – he would be answering to you right away. This is an advantage of online gaming – you can watch any one of your favourite online gamers and interact with them during the game.

The Esport betting, how it works

For now, web-wide it is already well-known word – Esport. So what is it? Is this a real sport? And what is more important – how do you make money out of it?

It is actually doesn’t really matter how do you define the ESport – it is growing at a massive rate and it looks like it is here to stay. In 2015 the participants of ESport betting was counted about 235 million. This figure has grown to 335 million in 2017, which is fifty per cent growth.  In terms of revenue, ESports has reached great heights – it has near billion dollars revenue in 2018.

So if you would like to get involved in ESports betting and make some extra cash while having fun, here is a simple guide for you.

Basically betting on Esports is happening on the same sites as betting on sports. So for the beginning, you need to register on one of them and deposit some money. Normally, if you go on the most famous websites for betting on Esports, you will be getting 50% or even 100% welcome bonus on your account. And some of the sites even give you an opportunity of free bets.

Currently, at most betting web pages, there are four games you can bet on and win real money. Those are:

  • League Legends;
  • Dota 2;
  • Counter-Strike;
  • StarCraft

As the second wave on some sites you can bet on Hearthstone, Heroes of the Storm, World of Tanks and Smite.

Betting itself is working very simple. Log in to your account at first. After you’ve selected the game and specific match to bet on, you will see some numbers next to each team. Those are odds – the multiplications that are showing you how much money you are going to get in case your prediction wins. If the odds next to the team are small, then the website probably thinks that this team is going to win, this happens, when the strong team is facing the weaker one.  On the other hand, if you place your bet on the weaker team and they win, you came to make 5-10 times your money.

The variety of bets you can make n Esports is huge:

  • Individual bets on each match;
  • The bets on the events, such as who is going to be the World Champion;
  • You can bet on multiple events on the so-called betting slip, choosing few of them at once. Here you will win only if all of the predictions are right, etc.

So now you can see how many options there are for betting in Esports. And also, there are some tips you want to use while betting, so this will make your chances much higher. We will be speaking more detailed about those tips in our next review of Esports betting. Registration on every Esports betting site is free if you are 18 years old. For now, just take a look at this wonderful world of Esports and look forward to more exciting news of this growing wonderful industry.

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