Posted 22nd February 2018 By: Kyle-Tipify Staff
According to a business report, 2017 was a big year for the esports industry in terms of growth. The esports industry earned 655 million dollars in revenue globally for the first time in its history. Back in 2017, a market research firm projected the esports revenue to reach 696.6 million dollars. It goes to show that the industry is promising and holds a solid future. We go through the contributors and how each one helped the industry rise to fame.
Both sponsorship and broadcast rights play a huge role in the revenue streams of esports. Sponsors alone hold 36 percent of the entire industry revenue and is projected to increase to 46 percent in 2021. Meanwhile, media rights are expected to grow between 10 to 24 percent in 2021. Basing off the deals done by the tournament organizers, for example, ESL dealt its broadcasting rights exclusive to Facebook until the end of 2019. Fans may not have loved this change of viewing platform, but it demonstrates how the industry can scale by acquiring more viewers through the social media giant.
The audience of esports is believed to grow even further. The end of 2017 saw over 350 million casual viewers and dedicated fans. But by 2021, predictions say that number will reach 550 million viewers worldwide. In hindsight, Twitch earned more viewers than TV channels CNN and MSNBC. The live streaming platform became popular and is continuing to contribute to esports. Twitch has an average of 962,000 concurrent viewers while the aforementioned TV channels have 885,00 and 783,000 daily audiences in January 2018. This goes to show that cable television has a competitor in Twitch.
Other factors of significant growth are the teams, leagues, and franchising, and the demand for college esports were the biggest achievements of 2017. These are the new esports leagues that came to life including the revamped NA LCS, Overwatch League, college esports leagues. Plus, big branded sports teams and related brands begin to draw closer to esports, which produced plenty of development inside and outside the industry.
The year 2017 was huge for the industry, and this year, closing in the first quarter of 2018 already shows a great start. With the many ongoing and upcoming tournaments, the industry is going be bigger than ever before.
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When you first start out you’ll be tempted to try to bet as frequently as possible, don’t. Wait for matches with good odds where you or the predictors know the teams. Never force yourself to bet, bet on matches that you are confident in. You may go days or weeks without placing a bet, you’re not in a rush, wait for bets you are comfortable and confident in and profit should follow.
If there’s any uncertainty, don’t place a bet. Save your skins for another day. There will be plenty of other matches that you can bet on.
Betting is always risky, that’s unavoidable. But staying inside a ‘safe zone’ will help cover you off from some really silly bets. When starting out with a low inventory, large bets placed on matches with 80%+ odds aren’t going to return much in general (on lounge, even less due to the inconsistent returns) but you’re still risking a large amount of your inventory for very little.
Equally, odds below 30% sound very, very attractive with huge returns possible. But if you don’t know the teams or all the details, it’s very possible the team doesn’t stand any chance. If you think there might be a chance, reduce the size of the stake or consider an ICB.
Always bet with a percentage of your inventory. Think, what happens if you lose an ‘All in’ bet, do you stop betting for the rest of your life, or just get your wallet out and go again? You may think there’s no risk, however there is always risk. If you’re placing a high bet, stick to an absolute maximum of 20% of your betting inventory.
Always leave enough to bet another day.
If you’re feeling angry or frustrated, your judgement get’s very cloudy. You’ll make a stupid bet and lose. If you just lost a big bet or are on a losing streak, instead of trying to force a bet, you should take a step back, calm down and just take a break, come back refreshed with a fresh mindset.
Betting blind is a purely relying on luck, if the underdog odds are 30%, that definitely doesn’t mean the team has a 30% chance of winning. It just means 30% of the betting community chose that team. A late roster change could mean there’s zero chance for the team to win. Check in with our predictions to help give you some more background on the game.
Use the lounge odds tracker to predict the final odds as the start of the match get’s closer. If the odds are increasing/decreasing for the team you intend to bet on the return may not outweigh the risk anymore. A huge significant switch of odds at the last moment may mean that something shady is going on, mostly in very low tier games, or a sudden announcement, E.g standin may have occurred.
Bookies will put up their odds based on their own expectations, as the bets start coming in they'll tweak the odds to ensure it's still profitable for them. That early stage is key to getting an edge on the bookies.
As soon as you feel like you have to bet again to recoup loses, you’ll feel compelled to make bigger bets with bigger risks. This often starts an endless cycle driving your losses further and further. Instead, after a big loss, take a day off from betting (or a week if was really big). .Keep to the proper bet sizing based on the risk of the match no matter what. You are not in a race to win it back, just take it easy.
Do not blindly follow betting site odds and think that they are correct to the true odds. If a betting site has ‘Team A’ as a heavy favorite, it does not always mean that it’s an easy win for ‘Team A’.
SK beat Na’Vi… Na’Vi beat E-Frag. That means SK can beat E-Frag now, right? No.
There are many factors which contribute to the team winning a match, these factors such as player performance, map selection, strategy and tactics which may not apply to other teams.