With the League of Legends World Championship 2022 kicking off this weekend, now is as good a time as any to try out eSports betting! | Sponsored
The past few decades have seen a normalization of the betting industry, with a significant boom in online gambling. This growth, combined with the increased prevalence of gaming, has turned the eSports betting industry into one of the biggest growth areas for gambling in 2022. And with the League of Legends World Championship 2022 kicking off this weekend, now is as good a time as any to try out eSports betting!
The Rise of eSports Betting
Right now, the online gambling market is valued at $65 billion. However, that valuation is set to grow to as much as $172 billion by 2030, with much of the growth coming through new segments of the market, like eSports.
The eSports betting industry is currently doubling each year, according to recently released figures. This is courtesy of two trends converging—the rise of online gambling, and the increasing popularity of gaming as a pastime.While both industries have steadily been on the rise, pandemic-induced lifestyle changes alongside advances in technology have been like rocket fuel to both online betting and gaming. Online gaming is rated as one of the top pastimes in the world now, while engagement with professional eSports has increased to over 270 million viewers last year.
Anticipation High Ahead of the League of Legends World Championship 2022
One of the most exciting esports events is almost upon us: the League of Legends World Championship 2022, which is a fantastic opportunity for those new to the game to try out eSport betting. For years, the League of Legends World Championship has been the most popular eSports events in the world, so for many fans it's simply unmissable. Especially if their Champion is going to be involved in the action. Last year, the League of Legends World Championship saw more than four million viewers at its peak! More than both previous World Championships combined...
Best Bets to Make at the League of Legends World Championship 2022
Whether you're brand new to competitive LoL, or you've already memorized the latest League of Legends patch notes, there are some great bets to be made this weekend:
- Match score over/under. Bookies that offer odds on eSports will often have an over/under option for the score of a match. This can be a great way of easing into eSports betting, as it doesn’t require knowing precise details—you’re just betting whether you think a best of three match will last more or less than 2.5 games, for example.
- Team to draw first blood. For those who think they have a good read on a team, betting on which team will draw first blood is a strong option. This play has a significant impact on the flow of a game and is one of the most important moments in a match.
- Match duration over/under. Similar to match scores, punters can take a bet on how long they believe a match will last. This is a good option for entry-level betters.
The initial rounds of the League of Legends World Championship 2022 begin on September 29, with a play-in round occurring before thebracket stage commences on October 3 and 4. Enjoy!