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EGamersWorld/Blog/How to Get Started with Sports and Esports Betting

How to Get Started with Sports and Esports Betting

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How to Get Started with Sports and Esports Betting

Over the past several years, there have been two things that have grown in popularity. Those things were sports betting and eSports. Both have drawn in plenty of sports fans alike (including those who are fans of eSports). Plus, eSports has gotten so popular that it was placed on the betting market with all other sports.

This guide will discuss how you can get started with betting for both sports and eSports. Are you ready to learn what you need to do to get started? If so, let’s begin.

How To Choose the Right Betting Platform

Platforms for sports and esports betting are plentiful. For Polish players, you can choose a platform like GGBet PL where you can access various sporting and esports markets. If you’re searching for the best sports betting sites, finding the right features like these are important:

  • Market variety: Needless to say, you might be looking for sports betting apps that have plenty of sports betting markets. This can include basketball, ice hockey, football, volleyball, and other sports. Yes, eSports is also a betting market as well.
  • Competitive odds: It’s important to choose a platform that will give you the best betting odds. You may also be compelled to check out certain platforms that feature live betting odds in real time. They might change throughout the entire contest, giving you an opportunity to place more bets on a team, certain scenarios, and more.
  • Betting limits: If you are starting out, you may need to stick with betting limits that fit your budget. Don’t bet more than you can afford to potentially lose.

As you choose the right betting platform, you want to also explore some different factors as well. Is the site secure using SSL encryption to protect your data? Does the platform have sports betting apps that you can download on your mobile device? These are some things to consider before moving forward - especially when looking for the best sports betting site for vip players.

What Are The Basic Betting Odds for Sports and ESports?

Before you make your wager it's important to grasp the kinds of betting odds available to you in sports betting scenarios and platforms like sportsbooks and calculators, for wager calculations;. Odds represent the probability of an event occurring; this could be a team emerging victorious in a competition or a specific situation unfolding. These odds can be displayed in three formats within the realm of sports betting:

Importance of Odds
Odds represent the probability of an event occurring, such as a team winning or a specific situation unfolding
Types of Betting Odds
1. Decimal (e.g. - 2.50)2. Fractional (e.g. - 3/1)3. American (e.g. - +150)
Decimal Odds
Example: 2.50
Fractional Odds
Example: 3/1
American Odds
Example: +150 (positive for underdog) or -150 (negative for favorite)
Betting Tools
Use sports betting calculators for potential payout calculations
Understanding Symbols
(-) signifies favorable odds/favorite(+) signifies underdog odds
Comparison of Odds
Compare different types of odds using tools or lists to understand better potential outcomes and payouts

You’ll want to use a sports betting calculator to help figure out what your potential payout may be. Compare them with other odds on the list above. Please note that the (-) will signify favorable odds or represent the favorite while the (+) will signal an underdog.

What Are The Different Types of Bets

Going further in-depth with the types of bets that exist, you’re going to learn about what they are and how they work. Let’s take a look now at the following bet types:

  • Moneyline bets: This is where you will bet on who will win the contest outright
  • Point spread: Pertains to the margin of victory
  • Over/Under: The total number of points or goals scored in a single contest
  • Prop bets: This covers specific bets on a game like which team will score first, will there be another goal before halftime, and other scenarios.

Once you understand the different kinds of bets in eSports betting and consider your abilities and interests in the game field; you'll be able to choose the most suitable ones for you among options, like predicting the tournament champion or guessing the score a team will achieve.

Betting with Money or Crypto?

While many bettors will use real money, there are those who will take part in crypto sports betting using Bitcoin, Ethereum, and other cryptocurrencies. As such, you may be considering the idea of betting with crypto so you can be able to place bets while remaining anonymous. We won’t judge you based on that reason considering privacy is important for many bettors on the internet.

Be sure to find a betting platform that will accept crypto as a payment method. That way, you can properly place bets using a cryptocurrency of your choice.

How to Get Started with Sports and Esports Betting 1

Final Thoughts

Sports and eSports betting will certainly stick around for the long haul. For beginners, getting started is as easy as finding a platform that will fit your needs and preferences. At the same time, make sure that you are familiar with the games you are betting on so you can increase your chances of winning as opposed to throwing away your money betting on something you know nothing about.

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Finally, be sure to start off with small bets. It should be a fun way to watch sports and the last thing you should do is bet more than you can afford to lose. Watch your favorite sports or eSports, place a bet, and see what happens next.

Elen
Elen Stelmakh

Elen Stelmakh är en kreativ person som brinner för att främja spelkulturen genom artiklar och visuell design. Som heltidsanställd EGamersWorld-författare och designer för en spelwebbplats skapar Elen inte bara innehåll utan förser det också med energi och kreativitet.

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