Esports betting is a huge part of the betting industry. At first, not many people were interested in it because esports was not popular. But now, with the rise of esports, its betting section has also received worldwide attention. While it may be somewhat similar to other forms of betting such as sports betting or casino betting, esports betting features some different methods. At the moment, there are two types of esports betting. One is cash betting, and the other is esports skin betting.
Esports Cash Betting
As its name suggests, cash betting allows you to place real-life money. Basically, here you are gambling with money. Almost every type of betting in the world involves cash betting as it is the most common way of betting. You simply make a bet and if you win, you’ll get some extra cash. Similarly, if you lose the bet, then you lose your money.
Esports Skin Betting
As for esports skin betting, there are some esports bettors that are not aware of it. Skin betting basically allows us to use the virtual currency to bet instead of real money. This is somewhat similar to what happens in casino games. And for those wondering, skins are in-game skins that players can buy or acquire through various methods to customize their in-game character.
Skins are placed in the cosmetics category and have no competitive advantage. However, they are still worth a lot as you’ll be surprised to know how many people are crazy for skins. There are some skins that are worth thousands of dollars. There was a sniper rifle skin in CS:GO that was sold for around $61,000 in January 2018. In fact, CS:GO is the game that made the process of transferring skins between players easy. There are some esports skin betting websites such as CSGOatse that even allow players to covert their skins to coins for a virtual casino.
How It Works
Esports skin betting websites basically link to your Steam account after which they can provide you with coins in exchange for your skins. These sites also offer some amazing ways for players to earn more coins and cash them out. Players get the option to either use their coins to purchase new and better skins. Afterward, they can sell those skins for a higher price.
What Should You Do?
If you’re someone who is just getting started with esports betting, then we will suggest you go with real money esports betting. This is because you will first have to learn all the basics of esports betting before you understand how things work. Once you get familiar with it, you can then try your luck in esports skin betting. If you’re lucky enough, then you might win a skin that you can sell for thousands of dollars.
This was all regarding esports skin betting. We hope that our post will help you understand everything important related to it.