If you are into esports betting, you’ve probably noticed the rise of crypto betting websites, and they are quite popular among bettors. But why? What has changed so fundamentally that it inspired bettors to abandon traditional betting using FIAT and go into crypto?
Well, the answer to this question is a bit complicated. Why? Well, there isn’t a particular reason for the crypto betting dominance in eSports. In fact, there are a couple of reasons why they are transitioning.
So, should you join them? I know that you are feeling that FOMO, and don’t want to miss out on crypto betting opportunities, but is it really that beneficial?
It is obvious that the eSports betting scene, particularly popular games like Call of Duty, has many crypto bettors. In fact, COD is often featured on crypto betting websites, but what’s the catch?
Why a Sudden Increase in the Popularity of Crypto Betting in eSports?
So, are bettors transitioning to crypto, particularly Bitcoin betting? Well, there are a few factors.
First, crypto allows bettors to stay anonymous and don’t hand out any personal information. The only thing you are required to do is connect your crypto wallet or transfer crypto from your wallet to a betting website. That’s it. No names, ID pictures, or any other personal information.
Secondly, we have faster transactions, which is quite good in the eSports scene. Money flows quicker on the blockchain than on traditional banks. For example, if you want to withdraw your winnings, you can receive your crypto straight to your wallet in minutes, whereas banks can take up to a week and sometimes more to process your transaction.
Lastly, COD betting isn’t available in every part of the world. Most people cannot access these websites due to government restrictions or a lack of banking options, so they turn to Bitcoin gambling instead.
There are no questions asked here. As long as the betting website supports crypto, it doesn’t matter where you are from; you can deposit and withdraw cryptocurrencies.
This means that there are plenty of benefits that inspired bettors to transition to crypto betting. So, it is not just using cryptocurrencies. They are cool. They have an actual real-world benefit and, in most cases, lower transaction fees, which means more money goes into your pocket.
Why Call of Duty?
Good question! We have so many esports’ tournaments, why does COD stand out when it comes to Bitcoin betting?
Well, the simple answer is – game audience and demographics. There isn’t anything else that makes COD more suitable for crypto betting. It’s just the people who love playing Call of Duty have more open views on crypto betting.
In other words, it is the game’s culture that increased the popularity of Bitcoin betting.
Call Of Duty eSports Scene
Another reason is that this is quite a popular game when it comes to eSports betting. There are plenty of tournaments like the Call of Duty League (CDL) that attract millions of views.
For example, the last CDL final reached more than 300,000 concurrent viewers at its peak, and with numbers like that, it is not surprising that COD betting is so popular.
Plus, Call of Duty has always been a bit of a “rough-and-tumble” kind of game. Its players and fans thrive on adrenaline, and what better way to enhance that than by throwing Bitcoin into the mix? Betting on who will pull off the next 360 no-scope headshot is the ultimate rush.
The Bitcoin Bet Appeal
With a community that’s often tech-savvy and willing to take risks, the crossover between CoD fans and crypto enthusiasts makes perfect sense.
Add in the occasional sponsorship deals from betting sites during big tournaments, and you’ve got a growing trend that’s hard to ignore. In fact, some esports organizations, including CoD teams, have even partnered with cryptocurrency platforms, boosting the integration of Bitcoin betting in the competitive scene.
Is Bitcoin Betting Changing Esports?
Some experts argue that the rise of Bitcoin betting could change the esports industry for good.
Think about it—traditional sports like football or basketball have been heavily influenced by betting, and the same could happen for esports. But how exactly?
Increased Viewership
Betting and viewership tend to go hand in hand. As more people bet on CoD matches, the viewership numbers can soar. One popular esports personality, xQc, suggested that betting could actually help stabilize the esports industry by keeping fans engaged. It’s not just about watching your favorite player dominate—it’s about having some skin in the game, too.
More Sponsorship Opportunities
With more betting companies entering the esports arena, there’s the potential for bigger sponsorship deals. Betting companies could sponsor everything from tournaments to teams, pouring more money into the CoD esports ecosystem. Some of the top eSports events are already being sponsored by betting companies, leading to better funding for players and more opportunities for growth.
The Flip Side: Risks of Addiction
Like all forms of betting, there are risks. The CoD scene skews younger, and this brings concerns about betting addictions among teens and young adults. Streamers like xQc have spoken about their struggles with gambling, raising questions about the ethical implications of pushing Bitcoin betting on a young audience. But, if handled responsibly, this can be mitigated.