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Both cryptocurrencies and eSports are exponentially growing phenomena that have combined to give us crypto eSports betting. Why is this trend set to grow even further and how can you benefit from it?
1. The Audience is Growing by Leaps and Bounds
CNN put together a comprehensive esports article about the rising popularity of eSports. One of their more eye-opening points was how fast the audience is growing and how large it already is.
“A lot of people. According to a report from Newzoo, a market analytics company, 380 million people worldwide will watch eSports this year, including 165 million eSports enthusiasts (a term that describes frequent viewers, as opposed to occasional viewers). The bulk of these enthusiasts watch from North America, China, and South Korea.”
These are no small numbers. Anyone can see the rising popularity when they see pictures and videos from eSports tournaments. Audiences pack stadiums.
All these people are just as full of fervor and enthusiasm as any fan of traditional sports. And just like traditional sports fans enjoy a healthy wager on their favorite team or player or sport — so too do the fans of eSports games.
eSports fans have favorite players who stream on Twitch, favorite teams who attend tournaments both on and offline, and favorite games.
These fans will purchase swag, iconic game items, and other merchandise, so why shouldn’t they also be given an outlet to gamble on their favorite teams and sports?
2. Crypto is Here to Stay
The second reason why crypto eSports betting is the future is quite simply because cryptocurrencies are here to stay.
Some might have thought that cryptocurrencies are a passing fad and that they don’t solve the major issues they claim to solve.
This might be true for some cryptocurrencies. In fact, it might be true for the majority of current cryptocurrencies. After all, cryptocurrencies are the start of a whole new asset class and a new way of funding companies as well as gaining benefits from these companies. There’s bound to be a large amount of hot air and failing use cases for a great majority of these cryptocurrencies.
Nevertheless, just like plenty of internet companies rose and fell during the dot-com era, but some survived — so too will a lot of companies rise and fall in this new crypto-era. Many will fail but some will stay.
One that will stay is Bitcoin and a few other coins which are used to transact value.
The world needs a new financial system and currencies that are not dollar dominated. Perhaps they will find this system in Bitcoin and other cryptocurrencies.
All this will bring eSports betting with cryptocurrencies into the sphere of things eSports fans do normally.
eSports fans and players are young, raised in internet culture and use, and many have already begun experimenting with cryptocurrencies. Their ability to use them will motivate them to use crypto eSports betting sites rather than any eSports betting sites that require funding through traditional bank transfers or wire transfers.
eSports is Currently Unregulated
For better or for worse, eSports betting is not regulated nearly to the same extent as traditional sports betting.
The merits of betting and regulating betting can be debated to exhaustion in other articles. What’s undeniable is that eSports fans exist and many of them want to place bets.
The fact that eSports betting is unregulated actually helps foster its adoption. Yes, many people may be scammed or hacked or conned, but those are growing pains. Those growing pains will not stop people, especially young people who seem to have a higher risk tolerance, from placing bets on their favorite champions and teams.
How to Benefit from eSports Betting
The future of eSports is certain, so seems the future of cryptocurrencies. The combination of both brings us eSports betting. How can you benefit from it?
Finding eSports betting sites that are legitimate, secure, and keep your crypto funds safe should be at the top of the priority list.
The link at the top of the article presents a number of crypto betting sites that offer eSports teams and championships.
These crypto betting sites have been vetted. They are legitimate businesses that take the new emerging industry seriously. They keep their customer’s cryptocurrencies safe.
If you’d like to branch out, however, and find other sites, then make sure to do the following:
- Always double-check the crypto address you’re sending and receiving cryptocurrencies. This will help mitigate any human error you might have.
- Make sure the eSports betting site has proper security for the funds you deposit with them. Make sure they store your crypto in cold wallets and that those cold wallets have multi-sig security on them. This should help prevent hacks and insider scams.
- Keep learning how to use cryptocurrencies so that you find new ones that might better to use as well as keep abreast of technologies that might help or harm you.
The conclusion is simple: eSports betting is a growing phenomenon that’s here to stay. Take advantage of it, stay safe with the crypto you use, and have fun!
Really nice article and helpful me.