Best Of Bets

Tag: Esports

  • Biggest Wins In Esports Betting

    Biggest Wins In Esports Betting

    Biggest Wins In Esports Betting

     

    Esports betting has exploded in popularity in recent years, and with the rise of competitive gaming, there have been some truly massive wins for those who have bet on their favorite teams and players. From League of Legends to Counter-Strike: Global Offensive, the world of esports has created a new realm of betting that has provided some incredibly exciting moments for those involved. Best of Bets takes a deeper look at the Biggest Wins In Esports Betting.

    One of the biggest wins in esports betting history came in 2019, when a bettor correctly predicted the winner of the League of Legends World Championship. The bettor, who placed a $50,000 bet on FunPlus Phoenix to win the tournament, walked away with a staggering $600,000 payout. The bettor was able to identify that FunPlus Phoenix had the skill and strategy to overcome their opponents and take home the trophy, and this astute prediction paid off in a big way.

    Embed from Getty Images

    Another massive win in esports betting occurred in 2017, when a bettor correctly predicted the outcome of the Dota 2 International tournament. The bettor, who placed a $10,000 bet on Team Liquid to win the tournament, walked away with a $200,000 payout. This bettor was able to identify the strength of Team Liquid’s roster and their ability to perform at the highest level, and their bet paid off in a major way.

    In 2020, a bettor made a massive $600,000 bet on a Dota 2 match between OG and Nigma. The bettor correctly predicted that OG would come out on top, and walked away with a $1.2 million payout. This win was particularly impressive as it was a single match, rather than a tournament win, and shows that there is potential for huge payouts even in individual matches.

    In 2018, a bettor made a $100,000 bet on Cloud9 to win the ELEAGUE Boston Major in Counter-Strike: Global Offensive. Cloud9 were considered underdogs going into the tournament, but the bettor correctly identified their potential and walked away with a $1 million payout. This win was particularly impressive as it was a team-based game, where the outcome is influenced by multiple players rather than just one.

    Embed from Getty Images

    While these massive wins in esports betting are exciting to hear about, it is important to remember that they are rare occurrences and should not be relied upon as a source of income. Esports betting requires knowledge, research, and careful consideration of odds and statistics, and should always be done responsibly.

    In addition to these big wins, there have also been some notable moments where bookmakers have made significant errors in their odds, leading to opportunities for savvy bettors to make a profit. In 2018, for example, bookmakers significantly underestimated the chances of Astralis winning the FACEIT London Major in Counter-Strike: Global Offensive. This led to some bettors being able to take advantage of the situation and make a profit by betting on Astralis, who ultimately won the tournament.

    Similarly, in 2016, bookmakers vastly underestimated the chances of Albus NoX Luna, a relatively unknown team from Russia, in the League of Legends World Championship. Some bettors recognized the potential of the team and placed bets on them, leading to significant payouts when they exceeded expectations and made it to the quarterfinals.

    Esports betting has provided some incredibly exciting moments for those involved, with some bettors winning huge payouts through their astute predictions. While these wins are rare, they serve as a testament to the potential for huge payouts in esports betting. However, it is important to remember that responsible gambling practices should always be followed, and that esports betting should never be relied upon as a source of income.

  • Esports Betting in the UK

    Esports Betting in the UK

    Esports Betting in the UK

     

    The UK has a long history of gambling and betting, and with the rise of esports in recent years, it’s not surprising that esports betting has become a popular activity among UK gamblers. Esports, which stands for electronic sports, refers to competitive video gaming where players compete against each other in organized tournaments. In this article, we will take a look at the current state of esports betting in the UK, its history, the types of bets available, and the future of the industry. Best of Bets takes a look into the history of esports in the UK

    Esports has been around for over two decades, but it wasn’t until the late 2000s that it started to gain mainstream recognition. With the growth of the esports industry, esports betting soon followed. However, it wasn’t until the introduction of the Gambling (Licensing and Advertising) Act in 2014 that esports betting in the UK became regulated. This act required all gambling operators who wanted to offer their services in the UK to obtain a license from the UK Gambling Commission.

    History of Esports Betting in the UK

    Types of Esports Bets Available in the UK

    There are several types of esports bets available in the UK, including:

    • Match Winner Bets: This is the most straightforward type of bet, where gamblers can bet on the outcome of a specific match or tournament.
    • Handicap Bets: This type of bet allows gamblers to bet on a team with a handicap, which means that a certain number of rounds or maps must be won by a particular team in order for the bet to be considered a win.
    • Outright Winner Bets: This type of bet allows gamblers to bet on the winner of a tournament before it begins.
    • Prop Bets: Prop bets are bets on specific events within a match or tournament, such as the first team to get a certain number of kills, the first team to destroy a certain structure, etc.
    • Live Bets: Live bets are bets placed while a match or tournament is in progress, allowing gamblers to react to the current state of the game and make informed decisions.

    Embed from Getty Images

    Future of Esports Betting in the UK

    The future of esports betting in the UK looks bright, with the industry expected to continue growing in the coming years. As the popularity of esports continues to rise, so does the number of people betting on these events. The UK Gambling Commission has also recognized the potential of esports betting, and has taken steps to regulate the industry, which will help to increase consumer protection and ensure the integrity of the games.

    Additionally, advancements in technology, such as virtual and augmented reality, are expected to have a significant impact on the future of esports betting. With these technologies, gamblers will be able to experience esports in a more immersive way, making the betting experience even more exciting.

    Esports has become a popular activity in the UK, and the industry is expected to continue growing in the coming years. With a variety of bets available, including match winner bets, handicap bets, outright winner bets, prop bets, and live bets, there is something for everyone. The UK Gambling Commission has also taken steps to regulate the industry, which will help to increase consumer protection and ensure the integrity of the games. As the popularity of esports continues to rise, so does the potential for growth in the esports industry.