eSports is becoming big business…and fast. A gamer known as Johan “N0tail” Sundstein has made a cool $6.8 million while playing Dota 2. I wonder how much his fans made? The ones that bet he would win?
But there aren’t as many esports betting sites as there should be. Thankfully most of them accept cryptocurrencies. Why?
Because Blockchain and eSports are the combo punch set for massive profits this year and beyond. And if you’d like to find the best bitcoin eSports betting sites — then check out that article and this one too (you can never have too much good info)
eSports Games: A Growing Industry
eSports games started with similar milestones and problems as blockchain — they were looked down upon. Most people didn’t take it seriously. Most people laughed that someone would play games like that or watch them be played on Twitch. It was something many made fun of — just like Bitcoin and blockchain were made fun of back then (and still now).
Parents yelled at kids to get off the computer, stop playing video games, since they wouldn’t have a career from it and it didn’t seem as enjoyable as a book or playing outside. That sentiment stuck around
These days, Business Insider reports that in the last several years, eSports gaming has made sure that, “global investors, brands, media outlets, and consumers are all paying attention.”
“Total esports viewership is expected to grow at a 9% compound annual growth rate (CAGR) between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023, per Business Insider Intelligence estimates. That puts the audience on pace to nearly double over a six-year period, as the 2017 audience stood at 335 million.”
No wonder this player named Johan “N0tail” Sundstein made a cool $6.8 million. His audience has proven to be very real and their money is just as real…and they’re eager to spend it.
Blockchain: A New Era of Digital Possibilities
The Wall Street Journal has come around and stated that even if Bitcoin dies, blockchain will survive and thrive and become something we all use.
That’s because blockchain is revolutionizing the digital and real stuff we think of as ours.
By way of example, there’s an article showing that “the US Patent Office has today issued sportswear brand Nike‘s patent for its blockchain-compatible sneakers dubbed “CryptoKicks.”
Blockchain + eSports games = $$$
So what’s the best eSports betting site that accepts cryptocurrencies? And why would you want to use it?
Sports betting sites that accept cryptocurrencies help you benefit in several ways.
1) Lower transaction costs. Sending cryptocurrencies is often far less expensive than bank transfers, wire transfers, or similar types of transactions.
2) Faster transactions. Sending and receiving cryptocurrencies from sports betting sites via cryptocurrencies is also much faster than the days you might need to wait for a traditional bank transfer or wire transfer.
3) Anonymity. If you find a sports betting site that allows you to send and receive cryptocurrencies, chances are you might also be able to send and get them anonymously, thereby keeping your financial details and habits all your own.
So how about the best sites? How can you spot them?
Well, there are plenty out there and the best are mentioned in the article linked above. If you chose not to go with them though, and decide to go elsewhere, then do make sure to watch out for the eSports betting sites that may be scams.
How can you spot them?
There’s a few signs. Here’s a short but solid list:
1) Hidden terms in the Terms & Conditions.
For each esports betting site you’re considering, be sure to read the full Terms & Conditions. It may be a pain but it may end up saving you money. Watch for conditions that let them keep your money if something happens that you don’t have control over.
2) Bad Reviews by fellow gamblers.
You can find great reviews on the Bitcointalk Forum for esports. Try not to worry about players who are sore losers and just ranting and venting, though.
3) Make sure there’s traction first.
You want the eSports site you choose to have been around for a while. That way they have time to work out the problems and give you a better experience.
The bottom line is to do massive research first. After all, it is your hard-earned money.
So if you’re looking to bet with cryptocurrencies, head on over to buy some crypto and get started on having fun!