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DOTA 2 eSports – Betting on the Future

Defense of the Ancients (DOTA) 2 is a curious nugget. It is what we can rightfully describe as a benefactor of eSports. The sword-and-fantasy game long presaged the electronic sports apogee and the segment’s continuous development henceforth. Glitzy events have taken place in sold-out arenas around the globe, and viewership has mounted so much as to rival traditional networks in terms of advertisement revenues. Twitch has been a turning point in how electronic sports is perceived. Amid this vortex, a new phenomenon has been born, and today we examine eSports betting on DOTA 2.

Genre: Multiplayer Online Battle Arena (MOBA)
Format: 5v5
Publisher: Valve Corporation
Release Date: 2013

Prize Money Awarded:
$137,330,185.86
From 897 Tournaments

Tournament Name: The International 2017
Prize Money: $24,687,919.00

Country Name: China
Prize Money: $48,596,970.96

In the following review of eSports Hearthstone, we will focus on groundwork eSports betting and tournaments:

• Tournaments and prize pools – we will sketch out a detail overview of all past, ongoing and future tournaments currently in the loop and try to consolidate your knowledge about DOTA 2 eSports.

• Types of bets on DOTA 2 – in this part of our review, we will discuss the most popular types of bets on DOTA 2 and will offer viable strategies when wagering on the outcome of matches and how to better spread your bets to guarantee maximum profit.

In passing, we will make sure you understand the importance of betting at a good eSports bookie as opposed to shabby and badly cobbled-together imposters.

We will pay some attention to the type of betting known as skin betting which has caused legal-headaches to many bookies and seen Valve firmly throw its weight in the matter.

Types of Bets at DOTA 2 Betting Websites

There are two main types of bets in DOTA 2. Real money bets are the ones that interest you, and we will focus on the various subtypes of such bets and then move on to share our insights. Skin betting used to be a huge part of all DOTA 2 betting and was slated to continue to forge ahead until Valve put the crack on the practice after concerns had been raised that such gambling abetted child gambling. Just to garner a notion of what the market stood at before it was hit in 2016, take a look at the following diagram.

Real Money Bets

As far as real money bets are concerned, there is a motley bunch of those to go around:

Match betting

This is the simplest and ubiquitous type of betting. It is fairly easy to follow through. In this type of DOTA 2 betting you pick a team and lay a wager for it, no strings attached. You will need to show some understanding of the game before placing an informed wager. Since this is the introduction of the types of bets available, we will point out again that bookies lose 90% of eSports bets. Meaning punters will have a field day turning a profit. Keep in mind, though that the only way to generate profit by betting on DOTA 2 is to actually keep yourself informed.

What drags eSports bookies purses down is their reluctance to dedicate specialists who can systematically and passionately analyze the market, whereas punters are already sworn aficionados of the game they are lavishing money on. Just remember that over $10,000,000 of IT7’s prize money came from crowdfunding.

Tournament betting

As the name suggests is the type of bet you place at the onset of an event. Again, we would recommend that you have had your fair amount of time spectating the game prior to plunging into this sort of chance taking.

Live betting

The International has reportedly fetched a hefty viewership base. Live betting is a great way to add an extra dimension to your betting game. It revs up the excitement n-fold. Still, in order to turn your live bets into profit you need to stay tuned. Luckily, bookies have introduced great tools mobile offerings of their desktop versions which pack the power of the website into your smartphone.

In addition, the appeal of eSports has largely been that they can be followed on the go, eliminating the bonds of the past.

Special bets

Those are quite self-explanatory. At the apex of betting around a big event, eSports bookies try to introduce some alternative DOTA 2 bets which may tilt the odds in their favor. Who will draw first blood or destroy an enemy’s tower are among the most popular.

Here the advantage may be again on the side of the punter because we will still maintain that a person who has spent time following the game recreationally is still way ahead of the bookies.

Skin Betting

Skin betting was slated to be a big thing and a greater generator of revenues for bettors and enthusiasts alike. However, a flurry of excitement around another game eventually spilled over to DOTA 2 and led to the rather premature cull of two of the world’s safest and, dare we say, coolest websites out there. One of those was DOTA2LOUNGE.

To the credit of DOTA2LOUNGE we ought to say, though, that the website tried to offset users by an ambitious self-funded program (a lot of people had their skins stuck amid the legal spat between Valve and those websites)

As to the status quo of skin betting today, it is outlawed. We suggest that you steer clear of bookies that offer money in exchange for skins as they will undoubtedly be operating under the radar, and given the US regulators’ eagerness, not for long.

We are edging to a logical closure of our eSports betting guide. Before we part, let us highlight several main points of our narrative: