Did you know that the prize pool for a recent Esports event topped $30 million dollars? Did you also know that you can bet on Esports at online sportsbooks, including BookMaker? Many people who place wagers at BookMaker fund their account using Bitcoin. If you think about it, Bitcoin and Esports are a lot alike and the people who are betting on Esports are oftentimes using Bitcoin to make their wagers. Let’s look at Bitcoin Esports betting.
Many bettors around the world who wager on a regular basis at online sportsbooks have realized that Bitcoin is a great way to transfer money. This definitely applies to bettors who are wagering on Esports. There is no question that the average age of Esports bettors is lower than bettors who are betting on something like baseball or golf. Esports attracts a much younger audience of bettors and those bettors understand Bitcoin betting.
$30 Million Fortnite World Cup Finals Prize Pool
Esports continues to make a mark on the national scene, as more and more people are becoming aware of the events. The Fortnite World Cup Finals had a prize pool of $30 million, with 16-year old Kyle “Bugha” Giersdorf earning $3 million by winning the solo division. The second place finisher was Harrison “Psalm” Chang who took home $1.8 million. Chang is 24-years old and was one of the oldest players at the event.
If you think the $30 million dollar prize pool was an anomaly, think again. In about two weeks in China, the Dota 2’s world championship is expected to have a prize pool of $31 million. Many other Esports games also have tournaments with large prize pools including League of Legends, Warcraft, StarCraft and Counter-Strike. The largest Esports tournaments in the world in terms of prize pool payouts are Dota 2, Fortnite, Counter-Strike: Global Offensive, League of Legends, StarCraft II, Heroes of the Storm, Hearthstone, Overwatch, PLAYERUNKNOWN’S BATTLEGROUNDS, SMITE, Arena of Valor, StarCraft: Brood War, Halo 5: Guardians and Rainbow Six Siege. Other popular games like CrossFire, Call of Duty, Halo 3, FIFA 19, Magic: The Gathering Online and even Madden NFL and NBA 2K get a lot of action.
Bitcoin Betting
Where does Bitcoin come into things when it comes to Esports betting? The answer to that question is pretty easy to answer because most bettors are now using Bitcoin to fund their sportsbook account. That does not mean, however, that bettors are actually betting Bitcoin. What they are doing is converting their dollars, Euros or other form of currency into Bitcoin and then depositing Bitcoin into the online sportsbook. The Bitcoin is then converted back into dollars and bettors can wager whatever dollar amount they want on Esports or any other sport.
Some people worry about the volatility of Bitcoin but what is sometimes forgotten is that Bitcoin volatility only affects investors. Most bettors at the sportsbook use Bitcoin simply for transferring money. They immediately convert the Bitcoin into dollars or whatever currency they choose, so there is no risk of the Bitcoin price falling. Bitcoin is simply used as a way to convert currency and then transfer it to and from the sportsbook. More people than ever are now using Bitcoin to make deposits and withdrawals at online sportsbooks.
Many companies have already embraced cryptocurrencies, especially Bitcoin as an online payment method. Bitcoin has proven to be a reliable, safe and fast way to transfer money and businesses have taken notice. The more payment methods that are available to the customer is good news for a business and marquee companies like AT&T, Microsoft, leading online sportsbook BookMaker, and others have already implemented Bitcoin payment methods. You can get started with a Bitcoin wallet today and begin sending and receiving Bitcoin at BookMaker with no worries about your funds not going through. Check out the latest Bitcoin deposit and withdrawal options at BookMaker today and join the many customers who have already discovered Bitcoin as a reliable payment method.
Check out the latest Bitcoin deposit methods at BookMaker today.