How to earn money from esports without playing
Set the bar high and immerse yourself in the world of esports filled with fun, endless excitement and a heap of rewards. What’s even better, you don’t need to be a professional player to make a large amount of money. Curious to know how you can earn from esports without playing? Bet and test your luck by exploring all the details here at Bitcasino!
What is esports?
Esports are organised matches of multiplayer video games where players and their respective teams compete against each other for the grand prize. It ranges from regional competitions to global tournaments.
This industry has been continuously growing since the early 2000s. However, it only reached its peak in 2010 and has now become a billion-dollar-worth industry. Thanks to enthusiastic fans and aspiring pros, the realm of esports continues to thrive, becoming the paragon of professional gaming that took online entertainment to a whole other level.
Watch and win: Different ways to earn money from esports
Although esports mainly focuses on showcasing the best talents and most amazing teams, you don’t necessarily have to play in a match to earn money. In fact, you can also gain huge benefits from esports even by just being on the sidelines and supporting the top professional players. Want to know how to do it? Unravel them one by one here:
Betting on esports with cryptocurrencies
Betting on esports with cryptocurrencies is a buzzing trend among many esports fans and crypto enthusiasts. It’s a great way to earn money from esports without having to join a professional team. To profit, you can place bets on your chosen teams, players and other esports-related wagers like maps and items. With enough knowledge about the online game and an unwavering grit to conquer all odds, you can increase your chances of stocking big rewards from betting.
How does esports betting work?
Like its traditional counterpart, esports betting allows you to place wagers on the best teams, games and biggest tournaments. With Bitcasino’s partnership with Betsy Games, you can now even bet on esports in the comfort of your home.
To put a bet on a specific team or league, log in and go to Bitcasino and see all your possible options. The set of gambling rules vary per location so make sure to read through all the terms and conditions before you start placing your wager.
Once you’re good to go, pick the league or team that you think has the most chances of winning. The betting mechanics for each video game varies so read all the details first before you move forward. If you win, you will immediately receive your winnings after the official announcement of the results in the games.
Getting a job in the esports industry
Take your interest in esports up a notch by finding a job in the industry. There are plenty of options for you to discover. If you love researching about esports and all its intricacies, leverage that skill and share your knowledge with the world by writing, blogging or streaming about it. You can also become an esports analyst for lower-tier tournaments to get a closer look at the most heartstopping clashes of the best teams.
Investing in an esports business
If you prefer a more independent career in the esports scene, you can start your esports business! There are a number of ways on how to do it such as creating your own team or sponsoring a local streamer. To get started, research more about the market and create a plan that targets a specific audience in the esports industry.
Another option to consider is investing in esports and gaming companies. Since the esports industry is booming, it’s a good chance to buy some stocks and see how they grow over time!
Top tricks in the trade: How to bet on esports like a pro
Be ready to take the extra mile when it comes to betting on esports. By learning the different tricks in esports betting, you can increase your chances of gaining higher returns. Here are some tips that can help you:
Understand how the game works
Although you’re not playing a specific video game, it’s important to know the game’s mechanics along with the different techniques on how to win in it so you can create a winning betting strategy. Watch different esports leagues and see how the events unfold to get a better idea of how the tournament works. Also, learn the different esports tournament formats to understand how these matches are organised.
Research about the team and the players
Before placing a bet on a certain team, make sure that you know enough about their track record in the industry. Assess if their skills are at a high level and observe how they performed in other tournaments.
Know the 5 most profitable esports teams to bet on in 2021 here at Bitcasino. Doing this helps you make smarter betting decisions and increases your chances of reaping larger wins.
Try different betting options
To better understand how esports betting works, familiarise yourself with the most common betting options, namely:
Real money betting
In real money betting, all you have to do is place a wager on the team or player that you think is most likely to win in the match.
Item and skin betting
An interesting and fun kind of betting that is loved by many esports fans is item and skin betting. This is usually done by players who want to buy, sell and swap items for different video games.
Social betting allows you to bet against your friends or other people online. These are informal wagers that use real money, skins or other items depending on what you’ve agreed upon.
Bet on esports and earn money without playing
Take it up a notch and risk it all by betting on esports! It’s a fun and lucrative way to earn money without having to join a professional esports team or competing in tournaments. Challenge your skills by betting at Bitcasino!
Words by: Lourda Lumain