5 Smart Tips for Betting on Esports with Crypto

Esports has blown up over the years and with that comes several opportunities to bet on your favorite teams and players. Add crypto into the mix and things get even more interesting with faster payouts and more privacy. 

But don’t get it twisted, there’s more to successful gambling than crypto perks and luck. If you’re serious about winning, you need more of a solid strategy than good vibes. That’s why this guide provides some proven tips to help you bet on Esports.

Know the Game Before You Bet

Before you throw any crypto on the line, make sure you actually understand the game you want to bet on. Each title has its own rules, playing style, and what it takes to win. The difference between smart bets and wasted coins often comes down to knowing the mechanics.

Take Dota 2 or League of Legends for example, teamwork, strategy and timing are crucial to winning. But on CS:GO, it’s more about sharp aim and lightning reflexes. So the better you understand what affects the outcome, the better you can spot smart betting opportunities.

Choose the Right Crypto Betting Platform

When it comes to betting on esports with crypto, the platform you choose is key. Because not all betting sites are the same, you need to look out for those that are more reliable and trustworthy. To ensure you make the right choice, consider the following factors:

• Choose a well-known and reputable platform with good user reviews. Avoid platforms that have negative feedback or complaints about payouts and security.
• Remember that it’s not all gambling sites that accept every or the same cryptocurrency. So make sure the platform you choose supports the coin you want to use like Bitcoin, Ethereum, or any other. 
• A good betting site should have an easy-to-use interface. You don’t want to be fumbling around trying to place bets. 
• Look out for bonuses like free bets or welcome offers. However, make sure you read through the terms and conditions because some bonuses sound great until you see the catch. Have a look at our review of the CryptoLeo Sportsbook’s bonuses to better understand what we mean. 

Above all, take some time to compare platforms to see the one that feels right for you. 

Manage Your Bankroll Wisely

One of the most important aspects of esports betting (or any other form of gambling) is bankroll management. This means deciding how much money you’re willing to risk and knowing when to stop. Without discipline and proper bankroll management, you could easily lose all your funds. 

So before you start betting, create a budget, stick to it, and only use money you can afford to lose. Also, instead of betting big on a game, spread your bankroll over a series of games. By doing this, you won’t blow through your cash in one sitting.

Another way to manage your bankroll is to avoid chasing losses. If you lose a bet, don’t try to win it back immediately by betting more as it could lead to bigger losses. No matter what happens, stick to your budget and don’t let emotions take over your decisions. 

Most importantly, if you’re on a winning streak, remember to take out some of your profits. That way, even if you lose later, you still get to keep some of your earnings.

Bet on the Right Markets

The esports bet market goes beyond simply picking the winner of a match. It’s quite like regular sports betting where you have plenty of bet markets to choose from. Some of the most popular options include:

• Match Winner: This is the simplest bet which involves choosing which team or player will win a particular match. 
• Map Winner: Some esports matches play over several maps and betting on the team to win a specific match is another option. 
• First Blood: In games like League of Legends or CS:GO, betting on which team will get the first kill is another interesting market.
• Total Kills: With this, you can bet on the total number of eliminations a team will get during a match. If you know one team is much stronger than the other, betting on “Total Kills” might give you more potential for profit.
• Handicap Betting: This gives the weaker team a virtual advantage to even things out. It’s the better option when one team is way stronger than the other.

Use Crypto Benefits to Your Advantage

When betting with crypto, there are specific advantages you can use to your benefit. Crypto coins are great for online betting because they are fast, cheap, and keep your info private. Here’s how to take advantage of these features:

• Low Fees: Unlike conventional payment methods, crypto transfers are usually much cheaper. This means more of your money goes toward your bets than transaction fees. 
• Fast Payouts: With crypto, you can get instant access to your withdrawals without having to wait several days. 
• Anonymity: If privacy is important to you, digital coins offer an extra layer of security as you don’t have to share personal info when placing bets. 

Closing Note

Esports betting with crypto can be exciting especially if you go in with a smart approach. So stay informed, bet responsibly and manage your bankroll effectively. With the above tips, you’ll have a much better shot at making esports betting fun and profitable.

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