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Item betting is a general term for betting — sometimes formal, sometimes informal — that takes place within or alongside marketplaces for in-game items.

But anecdotally, there is enough to suggest tens of thousands of players are participating in such wagering — often at surprisingly high stakes. Instead, wagers and prizes are conducted entirely using transferrable in-game property such as weapons or abilities.

In many cases, these items are exchangeable for cash at a third party destination, blurring the lines when it comes to the legality of these types of bets in certain jurisdictions.

A recent crackdown by Valve on skin betting sites has left the future of the vertical in question. Read about some alternatives to CS:GO skin gambling sites.

Social esports betting refers to the type of casual bet placed between friends on the outcome of a match or event. This type of betting may also include challenge betting, where individuals compete directly for a wager.

Attempting to estimate the size of this market is impossible, as there is little in the way of reliable or confirmable data, but given how organically betting and sport combine as a social activity, there is every reason to believe that it is substantial in size.

Esports Betting Odds, Guides, Reviews. Unikrn Review. Bet Now. Bet Review. Arcanebet Review. Pnxbet Review. Luckbox Review. Esports betting — What you need to know Betting on esports matches is growing just as fast — if not faster — than esports itself.

What was once an informal system of wagering conducted primarily between friends and acquaintances is quickly mushrooming into an industry where hundreds of millions of dollars are risked on an annual basis by millions of players hailing from nearly every corner of the globe.

We give you the chance to explore Esports betting and provide you with legit betting providers. What should I look for in an esports betting book?

We think there are a few fundamental questions you should be asking before choosing an online esportsbook to place esports bets at: Can I trust the site?

How good are their prices for esports bets? What promotional value do they offer? What kind of bets can I place on esports matches? Can I trust the sports book?

Figuring out if you can trust a sportsbook online comes down to a few simple tests. The first is the test of regulation. What jurisdiction issued the license for the online sports book?

You can usually find this information in the footer of the website for the sportsbook. What are some of the other sites the jurisdiction licenses?

The second is the test of social proof. What are real people saying about the site on social media and on review sites? What kind of availability and accessibility does the site offer in terms of social media accounts and customer support?

You can generally tell the difference between a credible, active site just by examining these simple characteristics.

The third is the test of experience. Start small at a sportsbook that has passed the first two tests. Make the minimum deposit and place the minimum bet.

If you have any questions or problems, pose them to support and gauge the quality and sincerity of the response.

There are literally dozens of other operators that would be happy to have your business. How good are esports betting prices?

What kind of promotional value does the sportsbook offer? Three of the most important promotional components to be aware of include: Deposit bonuses.

Free bets. What kind of bets can I place on esports? Is esports betting legal? Who regulates esports betting? How old do I have to be to bet on esports?

How do I know matches are fair and on the level? There are a few factors that are helping to ensure and affirm the fairness of esports matches: Growth of esports prize pools : As more money is on the line for winning competitions, the appeal of a financial incentive to throw matches diminishes.

The entrance of traditional sportsbooks : Fighting fraud is one of the primary occupations of major online sportsbooks like bet As they enter the market for esports wagering, they bring their substantial resources and expertise to bear on the problem of esports match-fixing.

Increased regulation : With increased prize pools and betting comes increased attention and regulation. Both increase the risk associated with match-fixing and decrease the ability of match-fixers to hide in plain sight.

How do you deposit to bet on esports? Can you use Bitcoin BTC to wager on esports? Other methods for esport bet deposits Additional methods for moving money to and from online esportsbooks include: Virtual wallets such as Neteller and Skrill.

Wire transfers from a checking account. ACH transfers. Cash deposits at a land-based satellite location. Money transfer services. The size of the esports betting market Due to the rapid growth and semi-private nature of esports betting, there are no precise figures capturing the size of the market.

How many people are betting on esports? How much money is bet worldwide? But in something unique happened. They offered betting markets on the individual matches and on the groups and tournaments itself.

After that the interest grew exponentially, and after a couple of years all the large betting sites were offering eSports odds, together with a bunch of eSports focused betting sites.

The eSports betting market came up so fast and for eSports fans who haven't bet much on regular sports before it can be a lot of information to take in.

We also provide several tools that are useful when you are looking to bet on eSports. Simply put, the legality of eSports betting depends on the country you live in.

We recommend that you research the legal situation in your country before proceeding. It is also important to know whether you live in a country where online gambling is regulated.

For example, if you live in the United Kingdom the betting site that you choose to play with should be carry a UK license and be regulated by the United Kingdom Gambling Gambling Commission.

This way you know that your funds are secure and that the betting sites follow the laws and regulations set up by the gambling authority.

To discover which markets are strictly regulated, be sure to check out our table of gambling authorities in our FAQ section.

There are some things that you should consider before choosing an eSports betting site. We will help you see the pros and cons with both options to help you make a better decision based on your preferences.

The different eSports betting sites also differ in terms of their eSports product. This means that they have a different amount of games and markets.

Their odds pricing and bonus offers also differ. We also rank the eSports sites available based on our own review system, which is based on these crucial fundamentals.

Our reviews are partly based on a metric we called security which is based on the companies' reputations, the amount of years they have been in business and the amount of complaints at various complaint services around the internet.

To get the best eSports betting experience it is important that you find a bookmaker that covers your needs. You should be able to find the specific games and markets that you would like to place your bets on.

The betting sites differ a lot in this aspect. Some bookmakers have a lot of markets, including special bets like who wins the first round or who draws the first blood etc or outright winner markets which means that you can place bets on which player or team wins a whole tournament, before it has even started.

The bonus offers do not only differ between the different betting sites but also for players from different regions. This is why our reviews and bonus listings are optimized to only show valid sites and bonus offers for players in your country.

Usually, bonus offers come with both wagering requirements and time restrictions. This means that you would have to wager your bonus amount a set amount of times before being able to withdraw them.

You would also have to do this within a set time frame. When we mention how good a betting sites odds are we are talking about the margin that they charge you for using their service.

This is a hidden fee for the inexperienced bettor but is very important to be aware of. We have our own review system rate the different eSports betting sites in your country based on these different metrics, updated monthly.

Read the odds section in our FAQ for further details. That means that if you are playing from a country which requires a licence from a specific governing body like the United Kingdom Gambling Commission, UKGC.

The eSports boom opened the doors for new entrepreneurs, creating their own betting companies with a strong focus on eSport.

There are many of them and more are popping up every day. It is worth mentioning that they might be a little less secure than the already well-known bookmakers, but they are usually well funded by VC firms which gives you safety as a customer.

Their product offers are usually stronger since they accept bets on most eSports games and have great event and tournament coverage.

Some of the best eSport focused betting sites are Betspawn , arcanebet and GG. The well-known sportsbooks also noticed the strong interest for eSports-betting and the high audience numbers on twitch and other streaming sites.

Some of them have put a lot of effort into building a great service for eSports enthusiasts and accepts bets on a lot of eSports.

There are three of the established, well-known and experienced betting companies that stand out when it comes to accepting bets on eSports.

There are two reputable, larger betting sites that really stand out when it comes to eSports betting and have a really good product. These are:. The first one to notice is Betway eSports.

They provide an excellent service and accepts bets on a lot of different games and cover most tournaments and events. In addition to covering a lot of matches, they also provide a live betting product.

They are also committed to giving back to the community which they showed recently by sponsoring the Swedish multi-branch eSport organization Ninjas in Pyjamas most known for their legacy CS 1.

Another giant within the industry that have adapted the eSports scene is Bet eSports. The games played as eSports are growing each day.

As long as there are gamers and enthusiasts playing and watching a game it has a potential for betting. Read more at our CS:GO betting site.

Dota 2 is Valves golden goose and an excellent game. The new major structure which removes some of the huge focus on The International and tries to distribute it more even over a serious of Major tournaments as well as a lot of Minor tournaments with the new point system is excellent for the viewers and professional bettors.

Read more at our Dota 2 betting site. Riot Games have taken a different path from Valve when it comes to controlling its franchise.

Instead of letting entrepreneurs start their own ventures and events, RG wants to control most of the scene and teams themselves.

Anyway, almost all the betting sites accepts LoL bets. Read more at our League of Legends betting site. Fortnites design might be more cartoon-like but the in-game building mechanics makes a great eSport environment and there will be opportunities to place bets on Fortnite for sure.

The player base exploded quickly and there are now several big tournaments to bet on. Read more at our PUBG betting site. Overwatch betting is now one of the most growing games to bet on and it got even more potential now with the new Overwatch League OWL franchise system.

Betting on eSports can be done in multiple ways. Both in terms of what you bet with, currency, skins or fantasy coins but also in terms of what kind of market you bet on.

The different types of eSports wagers are explained further below:. This is the traditional way of betting. Deposit real money and cash out real money.

When we speak about real money betting, we also count cryptocurrencies like bitcoin, Ethereum or lite coin. If you want to bet with coins you should check out our Nitrogen eSports review, they are the best in the business.

A cool thing about skin gambling is that there are slot games for CS:GO. So if you want to play slots online you are better off sticking to the real stuff.

Recently a new form of skin betting option has made its entrance into the betting community. Actually, the skins are converted to real money by a bot if you accept the trade it proposes.

Live betting on eSports has been a dream for many enthusiasts for years. About three years ago the dream became reality.

This allows you to place your bets while watching the game live at the arena with your mobile phone or at home from your gaming stations while following the game at twitch!

Fantasy contests have similarities to a poker tournament. You pay an entry fee to join a contest with a specific payout scheme for the total prize pool.

This type of betting made its entrance in the US market to bypass the very restricting gambling rules that applied to the United States and its Territories.

It started with companies like Alphadraft a part of FanDuel , Vulcun and DraftKings but most of the services were shut down in an early stage.

DraftKings still exists and are up and running though, but they only have fantasy betting for LoL. Promotions and bonuses can take several different forms.

The most usual ones are welcome or deposit bonuses, which you can claim when you sign up a betting site and make your first deposit.

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