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Esports or competitive video gaming is one of the most popular online forms of entertainment that has attracted millions of viewers and bettors worldwide. Currently, the esports market is approximately $900 million. This is projected to grow by 5.54% resulting in a market volume of $5.9 bn in 2029. This growth indeed has created a unique opportunity for online platforms to integrate cryptocurrency. Therefore, it is easy for these platforms to offer a more secure and transparent gaming or betting environment. One of these platforms offering cryptocurrencies as a secure mode of payment is Bety.com. This sportsbook uses blockchain technology to ensure that it lives up to its promise, ultimately enhancing betting and gaming experience.
Looking back when the interest in esports rose in 2020, some people argued that it was a temporary trend that was caused by unique circumstances of the time. Surprisingly, it is evident that esports popularity has continued to increase in years since then. For instance, CS2, League of Legends, Dota 2 and among others are currently popular and are now featured on more mainstream betting sites.
Today, Bety.com offers 20+ esports games, including Counter-Strike, League of Legends, Dota 2, eHorse Racing, eTennis, just to name a few. Bettors also have a wide range of betting markets, and of course, this depends on the type of esport game selected. This is made easier by the use of cryptocurrency as it offers several advantages over traditional fiat currencies.
The fact that esports crypto betting is easy from anywhere has drawn more crypto lovers to Bety.com. In this platform, transacting is super fast in both deposits and withdrawals, ensuring gamers and bettors don’t miss out when placing bets. In addition, crypto esports works on blockchain technology that assures all its bettors a higher level of security. Usually, all the transactions are protected and recorded, making it impossible to breach the data. In short, the security algorithms used are tough to crack and this helps achieve top security.
Undeniably, most bettors and gamers want to remain anonymous when betting. In this regard, crypto betting sites like Bety.com require members to provide email addresses and nothing more. So, crypto betting is possible even without revealing bank accounts or other personal information.
As cryptocurrency is decentralized and private, all information on the amount players spend on esports lies with them by default. This definitely assures intense transparency, thanks to the smart contracts. These smart contracts are the specific programs that compel the execution of a contract upon fulfilling certain conditions. They are powered by blockchain technology and this is what helps ensure transparency and security in Bety.com.
Furthermore, esports crypto betting offers reduced transaction costs. Owing to the decentralized network that the blockchain technology works on, esports crypto betting is basically characterized by significantly low transaction costs. There are no financial institutions or third-party banking firms that intervene and this naturally brings down the charges on deposits and withdrawals.
However, while these are the main advantages of using cryptocurrencies for esports betting, there are more connections and complementarities between crypto and esports that make the relationship even stronger. For example, blockchain firms like Tezos Foundation are using the popularity of esports sponsorship as a way of promoting crypto coins and other projects such as NFTs. Besides, there is a growing trend in esports that provides players bonuses in digital coins. This is especially helpful as it creates several opportunities in the developing metaverse.
Looking at what is already happening in the iGaming industry, the future of esports crypto betting is bright. Artificial intelligence and machine learning are actually revolutionizing the industry by making everything easy. These technologies are helping to enhance user-experience by analyzing the outcome of games. The AI uses data analysis tools to make the predictions more accurately. This is based on win probability and the outcome of the previous games. As the AI becomes more sophisticated, players on platforms like Bety.com will enjoy customized experiences and this will result in increased engagement and satisfaction.
Furthermore, Bety.com is looking forward to expanding game varieties and innovations to cope with the increasing competition. Players should expect to see innovative game designs that use elements from virtual reality (VR), video gaming, and augmented reality (AR). These will indeed cater to a new generation of gamers and bettors in the online entertainment iGaming industry looking for more than just traditional sports and casino games.
About Bety.com
Bety.com is a globally leading cryptocurrency gambling platform, offering top-tier online casino and sports betting experiences. Leveraging blockchain technology, we ensure transparent, secure, and efficient transactions. Supporting a variety of cryptocurrencies, Bety.com provides players with low fees and instant transactions, delivering a premium experience and striving to shape the future of online gambling.
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