The eSports industry and its dramatic growth have impacted the global online gambling market. Recent financial reports have intimated that the online casino industry is worth over $50. Additionally, experts claim that the online gambling industry’s worth will hit the $90 billion mark by the end of 2023.
According to the reports, eSports betting and the eSport industry worldwide generated over $1 billion in 2021. The industry continued to thrive in 2022, with the revenues estimated to be around $1.8 billion. It is not surprising that all top-rated online casinos offer eSports betting markets.If you’re looking to learn how to gamble online and find out more about online gambling on eSports platforms, reading reviews is an excellent way to gain detailed knowledge and insights. The dramatic expansion of the eSports sector has caused shockwaves in the online gambling industry.
Here is how the increase in eSports betting could affect the online gambling industry:
Advanced In-Play Betting
The digital nature of eSports enables gambling operators to get instant access to all game-related data. As a result, bookmakers can offer a wide range of in-play bets effortlessly.
In traditional sports, bookmakers are limited when it comes to in-play bets. This is because it is more challenging to manually track and report event outcomes.
Enhanced Data Integrity
There is a phenomenon called courtsiding, which betting enthusiasts can use to cheat the system. As a spectator watching a match in person, you can witness an event happen in real-time and wager on it retrospectively before the bookmaker processes the outcome.
It is impossible to eliminate this delay from traditional sports because the data is collected manually. However, eSports betting relays information on outcomes instantaneously. It uses automated data extraction and distribution technology, enabling gambling operators to receive data immediately.
Extremely Accurate Odds in Real Time
Since eSports run on machines, they produce massive amounts of data. Consequently, they can harness the benefits of machine learning. For example, the higher the number of tournaments, the more accurately sportsbooks can price pre-game odds. Additionally, sportsbooks can use in-built algorithms to update in-play odds almost instantaneously.
However, the complexity of eSports games makes developing the algorithms a bit complicated. This is partly because eSports titles haven’t been around for long, so there isn’t enough data to model the algorithms.
Data-Driven Customer Experiences
As mentioned earlier, eSports provides a massive amount of data. The availability of this data allows the sportsbooks to offer numerous data-driven customer wagering experiences.
For example, sportsbooks can offer visualizations like informational widgets that enable gamblers to track the game, including its minor details. You can use map schematics to view players’ real-time movements on a virtual map. Other details such as kill count, character status and health can help when wagering.
But, the most critical visualizations for betting fans are prediction trackers that utilize machine-learning models to forecast outcomes in real-time. There are also comparison graphs that compare teams to help you decide.
Bottom Line
All top-rated online casinos have an eSports section. The sector’s popularity, as seen in the world today, is just the tip of the iceberg. Therefore, betting fans should expect to see more innovations soon!
