First of all, what is esports? If you are still unfamiliar with this competitive video gaming, then it might be the right time to start considering it more seriously. Why would you need to start betting on esports? Everyone will have their own answer for this question, however, this fairly new market has already shown its potential and proved the whole world it is here for a long time. If you are looking to be a great bettor, then being familiar with esports will soon become a vital point in achieving your goal. Therefore, why not start making moves before everyone else. So, before you take off with betting on esports, you might want to learn more about what you should look out for.
We would like to discuss the most common mistakes punters make when betting on esports, to help you avoid them in the future. So, let’s get right to it.
#2 Strategy & preparation
Esports betting is still betting, therefore, you cannot go anywhere without a decent plan in place. What we mean by that is not only doing a research before each of the events your are looking to bet on, assessing the risk involved and setting a budget (staking) for the event but also being aware of every possible outcome that the particular game/match might bring, as well as shopping for the best price on the market & other useful features (cashout) the betting website might provide you with to help your betting. Since esports has already been picked up by a number of the top online bookmakers
, there is a great chance that the bookmaker is offering some sort of a bonus or promotional offer for the event you are looking to wager on. It is always better to explore all the option, even if you are not going to use them. We would also suggest opting-in for esports promotions if such are offered since they help you save your stake if you lose, boost your winnings or qualify you for an even bigger reward.
Dedication, time and concentration are the keys to esports betting success. Losing concentration or distracting yourself from the game in question will only decrease your chances to succeed. Do yourself a favour and zone out from outside distractions. The majority of esports fans are guilty of watching multiple streams simultaneously, you watching YouTube, or just chatting with friends in the meanwhile. Such behaviour should be avoided because it is really easy to get sidetracked and lose track of the game. This applies especially to live markets. Do not turn your opportunities into your failures. Trust us, you will regret it later!
#4 Chasing loses
This one might be the biggest all-time gambler problem. If you think things will get rosy after reading a couple of betting guides online, we have some bad news for you. YOU ARE going to lose on esports every now and then, you just won’t be able to help it. This is how things work in life, and you just have to be prepared for it. Yes, we are talking about chasing loses. Just like in traditional betting, you do not have to chase after loses and stick your plan. The best advice here would be revising what you could’ve have done better and adjust your strategy to make sure you are not going to commit the same mistake over and over again. Remember, a cool head and a thorough analysis are the keys to success in betting. Leave your emotions aside and concentrate on your betting one wager at a time. Following this advice with a bit of luck will bring the desired result right away.
#5 Making assumptions
Even though betting is a form of gambling, there are more calculation and risk assessment to it, than just a pure chance. You will not make it too far just by assuming the team is good. Do not get us wrong, do your research to find out how your backed team has performed in recent games or competitions. Check out their form, roster issues, and all the other important aspects that could possibly affect your team’s performance. This will definitely help you to have an idea about how accurate is the price set for this particular team. What we are trying to urge you about here is called «Aureola Effect». This is the type of bias that makes punters think the team that has been great at one point long ago, it is still good right now. This is completely wrong! Even though the recent form is still important when assessing the chances, you have to do it with big cations since esports are very unpredictable. Make sure consider everything before placing your esports bet.
Well, these are out top 5 esports betting mistakes punters make. Take notes and try avoiding them when betting on esports. We wish you luck and hope you will achieve great results betting on esports.