The Esport betting in Australia is experiencing growth rate and development. Every year, the trend gaming business adds new directions. The trend in esports is the fantasy sports market. Professional esports players strive to assemble their successful virtual teams from real players. They want to compete in esports tournaments. Esports leagues have a compound annual growth, with the number of teams increasing.
Today, we explore how the gaming industry is evolving in this direction, in which competitive gaming falls under Fantasy Esports. Learn how to create the first virtual unit and bet on the market for fantasy sports.
Exploring Fantasy Esports
The rapid annual growth rate of the Fantasy Esports genre has led many gambling platforms to add this betting section to their betting sites. So, let’s consider the basic rules of Fantasy Esports and the team formation specifics.
Only active professional gamers who compete in local, regional, and international tournaments are included in the assembled team. Statistics of the athletes in real tournaments are crucial for this genre, as they determine how many points the owner is going to gather. Usually, player performance in games such as League of Legends, CS: GO, Overwatch, Dota 2, Rocket League, and Fortnite is considered, but other competitive games are also included.
When comparing fantasy sports and fantasy Esports, there is no difference between these two directions. The only distinction lies in the scoring system, which awards points to the owner of a specific team. The allocation of points depends on the specific game. For example, in CS: GO, you earn extra points if an esports athlete makes a kill, plants a bomb, rescues hostages, and so on.
How is Fantasy Esports Related to Gambling?
Esports is a gaming format in which one person competes against another, rather than against a computer. Esports has been developing in recent years and is currently the fastest-growing industry worldwide, with an estimated value of around 1 billion dollars. According to experts’ forecasts, its value is expected to increase by 60% by next year.
A separate direction is fantasy sports. Unlike real sports and esports, it has nothing to do with real competitions. It consists of a player (manager) who assembles their virtual group from real players. The player’s price changes with performances in the field. The goal of fantasy sports is to accumulate more total points and surpass the teams of different managers. Skills here won’t have any impact – everything depends on external factors that cannot be controlled.
One of the popular categories of fantasy sports is fantasy esports. Our experts in esport betting from aussiebestcasinos.com claim that practicing competitive gaming is the main step before moving on to real fantasy esports tournaments. This helps improve your skills and the capabilities of different games on the best esports betting sites. The main difference from the classic direction is that your group consists not of players in football, or basketball, but of professional esports athletes.
Regarding gambling, it is essential to realize that fantasy sports itself is a game of skill, where participants create and manage virtual teams. Players place bets on the outcome of these events based on chance. Bets on Fantasy Esports is a form of gambling. However, bets on players who play slots, live dealer games, or other casino games are not currently accepted.
The Reasons for the Popularity of Fantasy Esports Betting
In recent years, betting in Australia has become a genre that has captivated fans with its excitement and engagement. According to forecasts, the average annual growth rate of this genre is expected to be around 16.7% by 2023. Below, we represent several key reasons contributing to the rapid development of this genre.
Changes in the technical aspect
High-speed internet, powerful gaming consoles, and computers have brought about a true revolution in the realm of video games. By 2025, the gaming console market is projected to be valued at $51.2 billion. All these technological achievements enable modern developers to create engaging and realistic games capable of captivating players and viewers for a long time.
New Gaming Platforms
Today, gaming is practiced not only on traditional computers and consoles. Each year, the popularity of mobile games continues to grow. Playing games on a mobile device allows players to immerse themselves in a virtual world virtually anywhere – in the park, on your way to work, during lunch breaks.
Innovative Business Development
The development of the gaming industry has also contributed to the rapid growth of fantasy esports. Models such as the combination of free-to-play games with the option to purchase in-game items for real money have gained widespread acceptance. Using this model, players enjoy the game for free while developers generate revenue through skins, additional content, and alternative in-game items.
What Games Can You Bet on in Esports Fantasy
Currently, tournaments and major competitions are held for several top games. Below, acknowledge yourself with several directions that are most popular in the realm of fantasy esports:
- Dota 2: A multiplayer game that has been available since 2013. It has millions of players worldwide. There are several major tournaments with huge prize pools for fans.
- League of Legends: Another competitive game is known for its dynamics and balanced gameplay. The game is featured in many major esports tournaments which makes it extremely popular among fantasy esports enthusiasts. Its success is fueled by an active community and substantial prize pools.
- Valorant: This game is one of the newest competitive games launched in 2020. It’s a first-person shooter where teams of 5 compete. One of its distinctive features is its futuristic style.
- CSGO: Another popular computer shooter where you assemble your fantasy team. The game has several major international tournaments.
How will Fantasy Esports Develop Further?
The prospects for the development of esports bets are great. Currently, there are several sectors for long-term growth. With each passing year, esports and fantasy games are occupying a more significant niche worldwide. These directions play a key role in modern entertainment. With the emergence of new technologies such as virtual and augmented reality, it will last for a long time.
Furthermore, the increasing involvement of major brands and sponsors in the esports industry and fantasy gaming will drive the industry’s expansion. As more investors recognize the potential of this sector, we expect to see improved infrastructure, larger prize pools, and enhanced user experiences.
Moreover, the development of user-friendly mobile applications and platforms make fantasy esports even more accessible to a global audience. This accessibility, combined with the growing global esports fanbase, is likely to fuel the continuous growth and popularity of fantasy esports in the years to come.
Frequently Asked Questions
Can you win in fantasy esports betting?
Yes, if you assemble a successful team that outperforms other managers, you have a chance to claim the prize pool of a specific tournament.
What games can you bet on in fantasy esports?
Currently, bets are accepted on games such as League of Legends, CS: GO, Overwatch, Dota 2, Rocket League, and alternative competitive games.
How do you assemble the best team?
Check the past achievements of esports players and see how they perform in various tournaments. It’s not difficult to find the necessary statistical information online for assessment.
