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Can betting on Dota 2 help you earn crypto?

Can betting on Dota 2 help you earn crypto?

Can betting on Dota 2 help you earn crypto?

Thu Jan 13 2022 05:50:00 GMT+0000 (Coordinated Universal Time)

Crypto and esports industries have complementarity in the digital world. They are among the most technologically advanced and secure innovations today. Powered by blockchain technology, crypto empowers a lot of people to participate in various activities such as betting. If you are still on the lookout for an interesting blend between fun yet progressive and lucrative, here’s what you need to know about Dota 2 betting.

Dota 2 and its popularity in online gaming and esports

Online gaming is an extremely fast-paced industry where various developers, titles, and genres come and go in the spotlight. By far, Valve Corporation’s Dota 2 (Defense of the Ancients 2) is still one of the most popular and challenging multiplayer online battle arena (MOBA) games to learn and master since its release in 2013.

Dota 2’s sophisticated gameplay is evident in its annual esports world championship tournament named The International (TI). Hosted and produced by Valve, it consists of 18 superbly talented teams hailing from various regions of the world, such as North and South America, Eastern and Western Europe, Southeast Asia, and China.

Now, Dota 2 has reached the pinnacle of its popularity as TI is one of the world's most watched and anticipated annual esports tournaments. What’s more interesting is that it is not only gamers and fans you can find in the audience, but also traditional sports bettors who are taking part in the profitable Dota 2 gambling scene. Here are a few reasons why:

1. Supporting and betting on various Dota 2 teams

Dota 2 is a team-based video game where you can have favourites on both teams and players. Yet unlike with traditional sports, esports teams come and go erratically. With some teams failing to qualify in tournaments, others get disbanded depending on organisations’ decisions. Meaning, you can always find new and exciting teams and gameplay to look forward to in the coming years.

2. National pride

Since Dota 2 teams are from different regions across the globe, you can have a favourite bet based on national pride. To date, the most successful team in TI is OG, a European-based organisation that won back-to-back championships in TI8 and TI9.

3. Available in many online sportsbooks with profitable odds

Dota 2 and TI’s massive popularity has led many online sportsbooks to offer odds and various betting markets for the game. From picking teams and players to boosting your winning chances with parlays, it is definitely a fun iGaming adventure. You have to thoroughly search which among the available odds in the market are profitable and, at the same time, favourable in your case. 

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Crypto esports betting

Dota 2 gambling is exciting but you can make it better when you use digital currencies. This is where the new interesting activity called ‘crypto esports betting’ comes into play.

At first, fans and bettors would settle for skin and item wagers (aka the ‘quasi-currency’) at third-party sites. It was only in the mid-2000s when online sportsbooks started adding esports tournaments to their betting markets. As a plus, many of these platforms accept digital currencies as a payment option, and here’s why you should also consider jumping on the shift when you bet on Dota 2:

1. Secure and transparent

No matter how convenient online esports betting is, always keep in mind that the internet is a massive unregulated space also filled with dishonest and shady organisations keen on stealing your personal information and money. Enjoy your Dota 2 betting by joining licensed platforms with responsible terms and conditions. And since we are talking about crypto betting, those that also use blockchain technology.

Blockchain technology refers to a decentralised digital ledger that records blocks of information. As it relies on strong cryptography, all recorded transactions using an algorithm called ‘hash function’ can’t be changed, hacked or cheated. Hence, it allows you to enjoy esports betting more because of security and transparency — vitally important qualities that all responsible punters must look for in an online sportsbook.

2. Betting with crypto is cheaper

Apart from the thrill, esports crypto bettors also hope to make profits. That is why using digital currencies in your Dota 2 bets are more beneficial because they help you save more money by reducing the need for third-party middlemen and their associated transaction expenses.

3. Blockchain gaming

Blockchain powers digital currencies and not the other way around. The technology was first outlined in 1991 by researchers W. Scott Stornetta and Stuart Haber. Now, it is used, studied, and developed by various industries in the world like finance, healthcare, life sciences, and gaming.

Blockchain gaming is among the most innovative concepts in the video game industry. Despite having been available since 2017, it was only in 2021 when it reached global popularity and gathered a strong audience base. Players enjoy how games are not owned and managed by a central authority, allowing them to safely save and monetise their activities through smart contracts.

Blockchain gaming also includes non-fungible tokens (NFTs), which are unique cryptographic assets that represent real-world aspects like music, art, and in-game items. In the case of esports, you can get esports NFT trading cards, for example. And in particular to Dota 2, many organisations have started using them to promote events, engage and attract more fans. Dota 2 team OG, for example, had three major limited edition ‘drops’ in 2021, producing close to $1 million.

4. Many digital currencies to choose from

There are nearly more than 6,000 digital currencies in circulation that you can choose from. The best part of them all is that they allow you to place Dota 2 bets anytime and anywhere, which is a huge advantage compared to the limited support of fiat currencies that affect your access to online sportsbooks.

Start your Dota 2 betting with 10 leading cryptocurrencies as of January 2022 are as follows: 

  1. Bitcoin (BTC)
  2. Ether (ETH)
  3. Binance Coin (BNB)
  4. Tether (USDT)
  5. Solana (SOL)
  6. Cardano (ADA)
  7. USD Coin (USDC)
  8. Ripple (XRP)
  9. Terra (LUNA)
  10. Polkadot (DOT)

Dota 2 betting tips for 2022

Ready for Dota 2 betting using crypto? Not only will you enjoy a secure and transparent online gambling experience but might also earn a great deal of money. Digital currencies are extremely volatile, but with thorough research and attention to detail, you can benefit from their security and privacy.

If you are having a challenging time in earning crypto through Dota 2 gambling, here’s Bitcasino to guide you through the nitty-gritty details of both the video game and activity. For one, listed as follows are five effective Dota 2 betting tips for 2022:

  1. You can also rely on Dota 2 esports betting tipsters for more insights into the game and tournament, thereby helping you decide which teams and their heroes to support and bet on.

  2. Manage your bankroll by sticking with a budget and following a betting strategy. In the end, always bear in mind not to risk any money you can’t afford to lose.

  3. Esports tournaments are franchised events where their formats can vary from time to time. So, make sure you are up-to-date with Valve regarding their updates with Dota 2 and TI.

  4. Learn the different Dota 2 betting types, such as pre-match betting, parlays, and outright bets. Many of these work similarly with traditional sports betting, so if you are already familiar with them, it will be easier for you to follow.

  5. Lastly, increase your Dota 2 gambling winning chances through live betting. A highly popular betting market where you place wagers while the match is ongoing.

  6. Here at Bitcasino, there are many ways to earn crypto because of the available plethora of casino games and esports betting options. If you’re looking to double up your wins,then try your luck at some of the new jackpot slot games like Wazdan’s Burning Stars 3 and Jelly Reels.

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Can betting on Dota 2 help you earn crypto?