The world of online gambling is constantly evolving. New games, new platforms, and new ways to play are constantly being introduced. This can be a lot to keep up with, especially if you’re new to the scene. But one trend that you definitely don’t want to miss is betting on eSports with Bitcoin.
Due to its ease of use and security, more and more people are using Bitcoin to make bets on their favorite teams and players. In this article, we will explore the basics of Bitcoin betting and show you how to get started with this growing new trend. We will also compare eSports betting to the more traditional method of online gambling, which is via online casino websites.
What is Bitcoin?
Probably a good place to start. If you don’t already know, Bitcoin is a digital currency that can be used to buy goods and services online. It’s similar to regular money, but there are a few key differences. For one, Bitcoin is not regulated by any government or financial institution. This decentralization is one of the main reasons why people use Bitcoin.
Another key difference is that Bitcoin is not a physical currency. There are no coins or paper bills. Instead, Bitcoin is stored in a digital “wallet” and can be used to make purchases online. You can also receive Bitcoin as payment for goods or services. For these reasons, bitcoin and other crypto coins like Dogecoin and Litecoin make the perfect currency for people looking to fund an online casino wallet or eSports betting account.
What is eSports Betting?
eSports is short for electronic sports. It refers to the competitive playing of video games. eSports has grown into a multi-million dollar industry with professional teams, big tournaments, and millions of fans worldwide.
The most popular eSports games include League of Legends (LOL), Defense of the Ancients 2 (DOTA 2), Counter Strike: Global Offensive (CS:GO), Overwatch, Hearthstone, and Rocket League.
North America, in particular Canada, along with South Korea, is the biggest market in the world for eSports. And with professional teams and leagues in many different games, it’s hard to see their dominance waning any time soon.
Why is it so popular in North America?
The popularity of eSports betting in North America/Canada has grown along with the popularity of eSports itself. And almost in line with the popularity of playing virtual casinos and slot games online. It’s true. Canucks love to gamble on casino games and slots. They make up a sizable part of the world iGaming market, and they seem to have plenty of cash to flash on the virtual tables and slots.
Such is the popularity in this part of the world. There are several online casino review and rating websites that focus specifically on the Canadian casino market. Bonus Canada is one such popular website that provides casino bonus information and guides for new player promotions.
How is eSports Betting Different from Traditional Sports Betting?
Unlike regular sports betting, eSports betting is not limited to just a few sports. Where most traditional sports betting sites offer lines on the most popular sports, such as soccer, hockey, horse racing, tennis, and golf. With eSports, there are hundreds of different games to bet on. And new ones are being added all the time. This means that there’s something for everyone, whether you’re a fan of first-person shooters, real-time strategy games, or anything in between.
Another thing that makes eSports betting so appealing is the fact that you can bet on games as they’re happening. Just like ‘in-play’ betting in traditional sports, this is called “live betting” in eSports, and it adds an extra layer of excitement to the eSports experience.
What are the benefits of using bitcoin to bet on eSports?
There are many benefits to using Bitcoin to bet on eSports. The first is that it’s very easy to use. You can set up a Bitcoin wallet in just a few minutes, and there are no fees to worry about.
Another big benefit is that you can remain anonymous when using Bitcoin. This is because there is no personal information attached to your Bitcoin wallet. This can be helpful if you want to keep your betting activity private.
Finally, Bitcoin transactions are fast and secure. When you make a bet with Bitcoin, the transaction is processed immediately, and the funds are transferred into your account right away. This is different from traditional gambling sites, which can take days to process withdrawals.
How is betting on eSports different from betting on traditional casino games at online casinos?
The main difference is that with eSports betting, you’re betting on the outcome of a video game match. Whereas with online casinos, you’re gambling on the outcome of chance-based games like slots and roulette.
With online casino games, you’re always playing against the house. And the odds are stacked in favor of the casino. With eSports betting, you’re betting against a marketplace, where the odds are first set by the bookmaker, then by the betting market and punters themselves.
Finally Thoughts
Now we have explained the main points in eSports betting and using bitcoin as a funding method to place bets and wagers. So if you’re a fan of video games and you want to try something new, then eSports betting is definitely worth checking out. It’s a fun and exciting way to get involved in your favorite games. And, with Bitcoin, it’s easy and convenient too. So what are you waiting for? Give it a try today!
