January 4th, 2023
Esports, or electronic sports, has become a multi-billion dollar industry over the past decade. With the rise of competitive video gaming, it was only a matter of time before betting on esports matches became a thing.
In this blog post, we'll explore the evolution of esports betting and how it has changed over the years.
The Beginnings of Esports Betting
Esports betting has its roots in the early 2000s, with the rise of online betting platforms like Pinnacle and Betfair. These platforms allowed players to bet on traditional sports like football and basketball, but they also offered esports betting options for popular games like Counter-Strike and Starcraft.
However, these early esports betting options were limited and not as mainstream as traditional sports betting. It wasn't until the 2010s that esports betting started to gain traction, thanks to the growth of professional esports leagues and tournaments.
The Rise of Professional Esports Leagues
In the early 2010s, professional esports leagues and tournaments started to pop up all over the world. The most well-known of these leagues is the League of Legends Championship Series (LCS), which was founded in 2013. The LCS, along with other professional esports leagues like the Overwatch League and the Dota 2 International, helped to legitimize esports as a viable competitive sport.
As professional esports leagues grew in popularity, so did esports betting. These leagues provided a steady stream of matches for players to bet on, and the increased visibility of esports helped to attract more bettors to the market.
The Rise of Esports Betting Platforms
As esports betting gained popularity, dedicated esports betting platforms started to emerge. These platforms were designed specifically for betting on esports matches, and they offered a wider range of betting options than traditional sports betting platforms.
One of the first dedicated esports betting platforms was Unikrn, which was founded in 2014. Unikrn offered players the ability to bet on a variety of esports games, including League of Legends, Dota 2, and CS:GO. Since its founding, Unikrn has become one of the leading esports betting platforms in the world, with operations in multiple countries.
Other popular esports betting platforms include Arcanebet, GG.bet, and Betway. These platforms offer players the ability to bet on a wide range of esports games and tournaments, and they often offer special promotions and bonuses for esports bettors.
The Impact of COVID-19 on Esports Betting
The COVID-19 pandemic has had a major impact on the esports betting industry. With traditional sports leagues shut down or postponed due to the pandemic, many sports bettors turned to esports as an alternative. This led to a surge in esports betting activity, as more people were looking for ways to stay entertained and potentially make money while in quarantine.
Esports betting platforms have also had to adapt to the changing landscape brought on by the pandemic. Many professional esports leagues have moved to an online format, with teams competing remotely instead of in-person. This has led to a rise in online esports betting options, as players can now bet on matches that are being played entirely online.
The evolution of esports betting has been a fascinating one. From its early beginnings in the 2000s to its current status as a multi-billion dollar industry, esports betting has come a long way. The rise of professional esports leagues and tournaments, as well as the emergence of dedicated esports betting platforms, have all contributed to the growth of the industry.
The COVID-19 pandemic has also had a major impact on esports betting, with more players turning to esports as an alternative to traditional sports betting. Overall, the future looks bright for esports betting, and it will be interesting to see how the industry continues to evolve in the coming years. If you're looking to get in on the action, be sure to check out cashalot.bet for all your esports betting needs.
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