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Legalsportsreport.com reported that sports betting represents the most popular product among eSports fans. Betting on eSports is more or less identical to betting on traditional sports, with the limitations that the eSports betting product is far less developed than the traditional sports betting product.
Players can choose between cash-based or skins-based sites when betting on eSports matches.
In terms of popular games, real-money League of Legends betting leads the pack, but CS:GO betting is a close second and closing ground, according to an analysis by Narus Advisors / Eilers & Krejcik Gaming.
This (relatively) new type of betting got off to a slow start, but it has gained a lot of traction over the last couple of years. This is also thanks to the adoption by the millennials and the growth has been so explosive that it’s been estimated that the global esports betting market will be worth nearly $30 billion by the year 2020.
The eSports fanbase is huge, but it’s nowhere near as big as the fanbases for traditional sports such as soccer, football and tennis. Most people outside of those types of fanbases don’t have any idea what eSports are all about. They certainly don’t know anything about betting on them. Imagine when this convergence will start to happen.
We are honored to announce that you will get the opportunity to hear more about how eSports in changing the betting industry and bringing more millennials to the mix from leading expert of the eSports industry, Vlastimil Venclik, at Prague Gaming Summit.
Vlastimil Venclik, while acting as CTO, has built the first low-latency and fully automated infrastructure for eSports odds calculation and risk management. The company was the market maker on Betfair Exchange and provided eSports feed to one of the biggest UK operators.
Vlastimil`s passion are the most advanced technologies and their application in business.
His current project, where he acts as CEO, is Oddin. The team has been building the eSports bookmaker, which calculates its own eSports odds and has its own platform to engage with millennials on multiple fronts. The company leverages the expertise of the team members from data science, image recognition, AI, social engagement and marketing.
Vlastimil will join James Camilleri (Head of Sales and General Manager, Scout Gaming Group Malta), Martin Wachter (CEO and Founder, Golden Race), Assaf Stieglitz (President, Odds1x2 Holdings), and Nadiya Attard (Director, Business Development EMEA and Asia at NetEnt) in the “Marketing & Innovation: Understanding Millennials – eSports, Daily Fantasy Sport, Virtual sports and Online Slots Games” panel discussion, which will be moderated by Tiago Aprigio (CEO at All-in Translations)
Source: European Gaming Media and Events