Esports betting is currently on the rise as it has become a popular form of online betting Singapore with prominent games such as League of Legends (LOL) and Counter-Strike: Global Offensive (CS: GO). It provides a whole new avenue of betting markets that you can explore. However, it also opens room for making mistakes, which can result in losing money.
To be a successful esports bettor in the long run, you must learn how to avoid common and costly betting mistakes. The esports betting market is vast, and it can be unforgiving even for newcomers with no prior experience. With that in mind, here are some of the top esports betting mistakes you must avoid:
Not Doing Any Research Before Placing Bets in eSports
Before placing any bets on esports events, it is significant to research the teams involved and their previous performances. Knowing how each group has performed against their opponents can give you valuable insight into how they would likely perform in other matches.
Researching the teams you are betting on is vital, as this information can enable you to identify potential upsets. Conducting thorough research on the different esports teams can also help you make informed decisions as you engage in sportsbook betting Singapore.
Not Studying the eSports Game You Want to Bet On
Studying and learning about the game you plan to bet on is crucial. Learning about its history, rules, regulations, and other relevant information like player transfers or changes in roster composition can help you become a successful esports bettor. Besides this, it is also vital to pay attention and be updated with recent tournament results of the esports game you plan to place bets on. The current tournament results can indicate who is going into the match with momentum and confidence.
Failing to Manage Your Bankroll for Esports Betting
One mistake many beginners make in esports betting is not properly managing their betting bankroll. It is significant to set a budget for esports betting and stick to it, as this can help control your losses in betting and stay within comfortable limits. If you place bets without a reliable plan or strategy, you could quickly run out of money.
It is also essential to ensure that any bets you place do not place too much financial strain on your bankroll. It would help if you never place wager amounts you cannot afford to lose to prevent financial difficulties due to gambling losses.
Keeping track of your available budget is the key, and if possible, consider writing down all the wagers you placed with potential profits and losses alongside them. Doing so can help you keep your overall expenses under control and assess whether you need to reduce the amount you wager per esports game or tournament.
Making Too Many Esports Bets
As many betting markets are available across other esports games, betting can become addictive. Betting across many games, placing wagers too often, and making too many selections on esports betting can put your bankroll at a greater risk than you should.
It would help if you placed a few bets simultaneously, as it does not guarantee a positive result. Instead, you can explore the esports betting market and pick a few solid options to consider before placing bets. Choosing quality over quantity when placing bets in esports events can help you avoid decisions that may lead to significant financial losses.
Following Too Many eSports Disciplines
Even though diversification matters in esports betting, it is advised to do so up to a specific limit. It is recommended to spend time on only a few esports games simultaneously. Following various esports titles does not make you a specialist in esports betting. Detailed research and analysis in esports have become an absolute necessity for bettors. It is often better to concentrate on one esports title as a beginning to boost returns and then go forward from there.
Constantly Chasing Esports Betting Trends
Trends change much quicker in esports betting than in other betting activities. Teams do not stay as dominant in esports as much as they do in regular sports events. The entire esports betting industry continues to evolve much faster as it is still relatively young compared to other sports betting sectors.
Aside from keeping track of the latest trends in esports, having a solid understanding of the current state of the esports betting industry can be helpful. Constantly chasing the latest trends can be a costly mistake to make. To avoid this, it is best to focus on a particular esports game, learn enough about it, and avoid getting easily swayed by new trends.
Ignoring Free Bet and Bonuses
Many sportsbooks offer free bets and deposit match bonuses, among other rewards, that can boost your bankroll and help you as a bettor when used correctly. It would help if you utilise these bonuses and promotions, as they can help increase your bankroll for esports betting.
Understanding how different bonuses work in sportsbooks is vital to maximise potential benefits. In some instances, there will be specific requirements like wagering limits or time frames that you must fulfil before acquiring the bonuses or withdrawing your profit. Before considering promotional offers, you must thoroughly review all terms and conditions.
Conclusion
Before diving into the world of esports betting, you must carefully read through available information about the common esports betting mistakes. Avoiding committing these mistakes can be a way for you to make more informed decisions before you place wagers.
Your esports betting experience can also vary depending on whether you register on the right or wrong betting site. Checking multiple bookmakers for esports betting odds is a way to compare odds and check favourable terms for your preferred stake size and type of bet.
Malaysian and Singaporean bettors can start their esports betting journey in 88ProAsia, a trusted online betting site. Register for an account here to begin an exciting betting experience where you can also learn more about different esports betting opportunities.
