First things first, what is esports betting? Well, esports is any type of video gaming competition played between teams or individuals. The main difference with traditional video gaming is that players compete against themselves in esports instead of the computer system. So, basically, there’s no meaningful difference between esports betting and traditional betting. Just that this time, staking is on virtual competitions like car racing, horse racing, football, PUBG, etc.
Interestingly, esports gambling traces its roots back to the 40s when the first video game saw the light. Later in the 50s, Tennis for Two was introduced as the first competitive virtual gameplay.
After that, things continued to explode for esports, with excellent players getting recognized in the 80s. More esports competitions were introduced following the rise of internet technology and PC gaming in the 90s, thanks to games like Doom, StarCraft, Tetris, etc. Today, esports is a mainstay in the gambling industry.