Are you a betting geek? Or want to know more about the rise of betting in esports? If yes, then you have come to the right article.
Esports, on its own, is on the verge of being an international sensation. One might say it has already gathered attention from all over the world. Still, there are many countries where esports is not normalized. Apart from such countries, esports is flourishing in the major parts of Asia, Europe, and North America. If you would like to bet on esports, UFABET is a safe platform for gambling.
One might know the success story of esports, but do you know that Counter-Strike Global Offensive was the game that opened the doors for the betting world to get indulged in esports. If we go in-depth in this matter, we can get even more on this topic. Some of the reason for the boom of esports in the betting industry is as follows-
- The Mass Popularity
We already know how big the Esports scene has become worldwide. There are millions of esports fans worldwide, which speaks volumes about the game’s popularity. However, the main thing that sparked this popularity has to be the accruing of the rights to show the esports tournaments by giant sports streaming organizations like ESPN and the BBC.
Moreover, Twitch and YouTube have also spread awareness about the games and carriers. Among the above 2, Twitch is a live streaming platform focused on gaming, and YouTube is the largest content streaming platform and a separate gaming section. This is where the betting companies saw the potential due to the increasing interest of the people and the sheer number of people attached to it.
- Improvement in the Shortcomings
In the early days of the esports industry, there were many shortcomings as the companies and organizing parties did not take it much seriously. This led to many controversies, such as mix fixing and whatnot. Thanks to the introduction of the legal regulating bodies, esports is being regulated properly. People got increasingly attracted to esports betting because it involved betting with real money instead of other shady ways.
- The Relation between Betting and Esports
If you ask anyone why there is a huge demand in the market, they might say some of the basic reasons, but the reason that none will talk about is the emergence of both esports and the betting industry at the same time. We need to note that both esports and the betting industry peaked simultaneously, and this is where the betting industry got a keen interest in Esports as a whole.
Many countries have legalized esports betting, like the UK, Germany, and many more, while many countries do not legalize it. But the good news is that the betting industry is making progress as more and more countries like the USA are changing their mind about this topic.
To conclude, Esports betting is an industry that is gaining more and more popularity with time, and there are many reasons for it. Many of these reasons are common and widely discussed, while some are not known to many. This article covers all of them.