The world of CSGO and esports is really a big one, Esports is a big industry with huge entertainment sub-industries like ESL and other tournaments around Esports.
CSGO has an entire section of the industry that focuses on entertainment, gambling is one of them, and there are many more CSGO gambling sites out there like CSGOBook and CSGOEmpire.
Esports’ biggest tournaments are with CSGO, with the likes of CSGO Major Championships, IEM, and more. CSGO Tournaments, like Football and other ‘sports, have gambling involved to make the game and tournament more entertaining and exciting.
CSGO tournaments have recently been postponed, like the CSGO Major Championships and IEM due to coronavirus. However, some tournaments have been played ‘behind closed doors’ and have been streamed online for fans to watch live.
CSGO Gambling has two forms, skin betting and tournament betting, so most would recommend you stay away from skin betting due to the risk of it.
The first-person shooter, Counter-Strike, was released in 2000. Players fought against terrorists around the world at warzones and its compelling realism made it a classic moment.
Valve launched Counter-Strike: Global Offensive (CSGO) 12 years down the line to breathe a new life into the franchise. The game was exactly the same, but players could also purchase or win decorative coverings for their weapons known as “skins” – costumes or designs that enhance their personality or equipment.
Players deposit money in a multiplayer Steam account to buy skins. The cash is transformed into credits and can not be returned. Credits are used by players to purchase skins for the steam market CS: GO and other games and to store their skin at their own Steam library. The more famous the skin, the more costly it will be.
How do you bet with skins on CSGO?
When their quality and appearance improved, skin demand increased and their development began as an online currency. Valve runs Steam on its OPI, and third-party non-affiliated websites have been created to permit players to buy inventive skins off Steam via PayPal and Bitcoin online payment devices. Developers have also allowed players to register on Steam accounts and to use their skins for certain activities on third-party platforms as a virtual currency-the best known to be gambling.
Esports and Pots
The battle among players in games such as CSGO and Dota 2 is broadcasted for fans around the world, be it YouTube or other websites such as Twitch. Third-party platforms, like Dota2wage.com, promote the upcoming battle-and let players use their skins to gamble on the results of the match.
Players can bet as many skins as they want, and when the game is live, skins are stacked and locked out of the Steam library. If the player wins the game, he gets his own skins and the skins gambled by the opponent.
When players were frustrated that their Steam credit balance had decreased, could not be cashed out for true money, Skins became a “real” virtual currency. It led to the development of new non-affiliated websites, such as skins.cash, where players can withdraw the credit balance and have the debit card or payback through Paypal. At this level, skins are a true virtual currency with a cash exchange value-but one that changes to each individual skin’s popularity.
Esports as an Industry
Esports has grown massively over the last decade, with major championships totaling millions in revenue and millions in prize pools. We’ve seen sponsorships from some of the biggest industries such as BMW and Gucci. After all, esports is one to not be ignored.