Esports, also known as electronic sports, is a quickly growing industry and an emerging avenue for online betting. The industry, with its millions of avid fans and professional players around the globe, is expected to become more popular in the future as younger generations grow up and become of legal gambling age.
Esports betting presents unique features and attributes that make it a lucrative market for online bookmakers, increasing the importance of a legal and secured Online Cricket ID. The diversity of the games and the low barrier to entry are two such features. The versatility of games means there is a game for everyone, making it easier for bookmakers to attract customers. A relatively low barrier to entry means that anyone with a decent computer and internet connection can participate in esports, boosting popularity and accessibility.
Esports is an industry that is expected to generate nearly $1 billion in revenue by 2020, with a global audience of over 380 million people. The potential in this industry means bookmakers have plenty of opportunities to tap into and emerge as industry leaders.
The future of esports betting is bright, especially considering the growing popularity of online gambling. However, regulation and oversight of the industry will still require more attention to ensure its integrity of the industry.
Betting on E-Games in IndiaBetting on popular online video games like League of Legends, Dota 2, Starcraft 2, and CS: GO is becoming increasingly popular in the betting market. eSports is gaining more and more fans, particularly among the under-30 target group, and is now available to watch 24 hours a day on sites like Twitch. The global revenue generated from eSports betting currently amounts to over $1.8 billion, an impressive figure considering the relatively small fan base. However, the popularity of eSports is growing due to the older target group and increasing awareness.
The top eSports players are now considered true professionals and can gain more followers than events like the Super Bowl. In 2019, the Intel Extreme Masters in Katowice, Poland had over 173,000 people watching live and 46 million online spectators. Player salaries are comparable to those of professional football players, and prize pools of up to $100 million are on offer.
Bets on individual teams and players are available in eSports, and the sheer number of types of eSports events means that there is a wide range of betting options. The most straightforward bets for beginners are those placed on the overall winner of the game.
There are two main categories of eSports betting: cash betting and skin betting. The latter, which allows players to exchange virtual objects (skins) as a form of currency, has been the most popular. However, recent controversies and legal challenges have led to increased scrutiny, and cash betting is now becoming more common.
The recent ruling by the Punjab and Haryana High Court brought good news for Dream11's fantasy sports game. The game requires participants to create a team featuring the same number of players as real-life sports teams. For instance, basketball teams (five players), kabaddi teams (seven players), and cricket/football teams (eleven players). The fantasy sports team must include a mix of players from both the participating real-life sports teams and contests have to run for at least the duration of one full match. Additionally, participants cannot make any team changes after the start of the sports match.
Online Cricket ID and Fantasy Games in IndiaAre you a sports lover and looking forward to creating your own team made up of real-life players? Fantasy games at TigerExch now provide the option of creating your own players and provide you with the complete match statistics of the upcoming matches including cricket, football, kabaddi, and other interesting and popular games having millions of followers around the world. These games are point-based and winners are determined after the match based on their performance.
Over the past few years, there has been a major change in the fantasy sports industry in India since it was first launched almost two decades ago. One of the earliest and most successful games was the 'Super Selector fantasy game' by ESPN-Star Sports in 2001, which gained a lot of popularity. The game involved users registering their teams for free to participate in contests that lasted from a month to a specific series. As time passed, other popular tournaments like English Premier League, UEFA Champions League, ICC events, and IPL also introduced their own versions of fantasy games, allowing fans to manage their teams for specific tournaments.
Over these years of awareness of Fantasy sports in Indian marketing, various fantasy sports platforms offer a range of popular sports including cricket, football, basketball, and kabaddi.
Cricket is the most commonly played sport on TigerExch - the official sportsbook and Online Cricket ID Provider in India, constituting around 85% of its user base. However, this dominance has decreased over the last few years as new leagues and sports gain popularity in India.
All platforms provide daily contests, except for Dream11, which recently introduced a season-long league format.
ConclusionIn conclusion, esports betting is a promising industry and a significant opportunity for bookmakers to diversify their offerings by offering a secure platform with a secured Online Cricket ID. Despite the challenges still facing the industry, it has huge growth potential and is expected to become one of the most enticing and exciting options for online betting in the future.
