The development of the internet over the last two decades has created new forms of entertainment, new sports and new ways of gambling on those sports. One of those new sports is competitive video gaming, also known as esports. This has become the sporting phenomenon of the 21st century, with millions of fans flocking to watch streams of esports contests in games like Counter Strike: Global Offensive and League of Legends.
As you might expect, the huge growth of esports has also created a massive market for betting. Many bookmakers now offer a wide selection of markets when esports events are taking place. Here, we’ll tell you all about what the benefits are for having a Neteller account when it comes to betting on esports. You can discover how to create a Neteller account, and which bookies offer you the chance to bet on your favourite esports. You can also discover a little bit about how to obtain a Neteller card. You might also discover a little bit about the Neteller vs Skrill debate, and which ewallet is better for esports punters.
Esports betting sites that accept Neteller
What is esports?
Esports is competitive video gaming. This is where individuals and teams compete against each other in professional tournaments, online coverage of which is often watched by many millions of people. The phenomenon has grown massively in recent years, and is particularly popular in Asian countries, central and eastern Europe and in Scandinavia. The UK has some catching up to do when it comes to the overall popularity of esports.
Betting on esports has also become widely popular in recent years.You can use payment methods like Neteller, Paypal or a Neteller card to fund a betting account to place wagers on esports events.
Have a look here if you wish to read more about Csgo betting with Paypal.
Popular esports games
Several esports games have become prominent when it comes to the major tournaments and mass appeal. Here are a few of the games on which you can bet when you have opened a Neteller account or you have obtained a Neteller card, or decided which side of the Neteller vs Skrill debate you are on.
Counter Strike: Global Offensive
Released in 2012, this first-person battlefield shooter game allows players to combine in teams to take military objectives. Famous teams include Liquid, Australis and Vitality.
League of Legends
Based on the Warcraft universe, this multiplayer online battle arena game allows players to combine in teams to control champions and destroy the opposing team’s ‘nexus’. Famous teams include Invictus Gaming, G2 Esports, Fnatic and Edward Gaming.
Defense of the Ancients 2
Also based on the Warcraft universe, this multiplayer online battle arena game features teams of five defending bases and controlling heroes, in a similar way to League of Legends. Well-known Dota 2 teams are Natus Vincere, EgoBoys, Hippomaniacs and CDEC Gaming.
NBA 2K is one of a growing number of sports games that are making a real impression on the esports scene. This is a basketball game. Famous NBA 2k teams include Celtics Crossover Gaming, Hawks Talon GC and Grizz Gaming. These teams are owned by actual NBA franchises.
Esports betting explained
There are several different types of bet that can be place on esports events. Obviously, the range of bet types varies depending on the game that is being played, with CS:GO markets different to many of the ones that you will find offered on Hearthstone events, for example.
Here are a few of the different types of bet that you can place on esports events when you have created a Neteller account and are using it to fund your betting. As well as Neteller, Bitcoin is another option for funding your betting. For many esports specific bookies who offer Neteller, Bitcoin is another perfectly acceptable way to pay for bets.
1. Match bets
This is the simplest type of bet that you can place on an esports event. You simply choose which team you think will win the match. It is exactly like betting on a match in a sport like football or rugby league. You use your knowledge of the sport, weigh up the esports odds, and then place your bet. Whether you have a Neteller account or not, this type of betting should be familiar to you if you enjoy betting on conventional sport.
2. Accumulator bets
Accumulators are a good way of boosting the odds for match bets. You can combine several separate bets on one coupon, with the odds being multiplied together. That sounds great, but the important thing to remember is that the winnings from one bet are used as the stake for the next bet on the coupon. When one bet loses, this sequence fails and the whole coupon loses. This is a good way to improve the odds, though, when betting on favourites in the early rounds of esports tournaments.
3. In-play betting
If you are using a Neteller card to fund your betting account you might be drawn to in-play betting on esports events. This is where you place bets while the event is actually taking place. If you are watching a CS:GO match then you might bet on which team which will win the next map, or which player will make the most kills on a particular map. You really need to be watching a live stream of the action to properly enjoy this form of betting.
Good bookies for esports betting
While many mainstream bookies now offer esports markets, the licensing situation in some countries, such as Germany or the USA, means that it can be tricky for residents of those countries to find safe places to place esports bets. Many punters in some countries are compelled to use offshore bookies.
If you are in the UK, there is a good selection of bookmakers, fully licensed by the British Gambling Commission, that offer a wide range of markets. Betway esports, Bet365 betting site and 10Bet all fall under this heading. The situation is a little more complex if you in the USA or Germany for example, though.
In countries such as that, where the licensing situation means that you would need to look offshore, esports specialist bookies like Thunderpick, Vulkanbet and Esportsbetting.com are where you need to be looking. Using a Neteller account or a Neteller card to fund your account at this type of offshore bookies is a good idea, as it offers good security for overseas transactions.
What is Neteller?
We have mentioned Neteller several times already now, but what actually is Neteller? What is a Neteller card? Neteller is an electronic payment method, to which you link a funding method, such as a bank account. It allows you to carry out online transactions much more easily and straightforwardly than using your bank, and can be used at a huge variety of outlets.
When it comes to weighing up the differences in the Neteller vs Skrill argument, there is not a lot to choose between the ewallets.
Why should you use Neteller for esports betting
Many people who enjoy betting on a wide range of sports use ewallets to fund their accounts. As well as Neteller, Paypal is often used, as is Skrill. All three of these payment methods are ewallets, where you transfer funds to an electronic payment system from another source, usually a bank account or debit card that can then be used to pay for goods and services online. Ewallets like Neteller, Paypal and Skrill offer great safety and security, especially for international transactions, and are also very convenient.
You might well weigh up the benefits of Neteller vs Skrill, but, in reality, there is little to choose between these two ewallets. One thing that you do need to be aware of when using Neteller and Skrill, though, is that the majority of mainstream bookies will not pay welcome bonuses to punters who use ewallets. Mainstream bookies like Betway and Bet365 who offer a good range of esports markets fall into this category. If you want to claim their welcome bonuses, it is best to use a credit or debit card to fund your account.
But not every bookie offers welcome bonuses, and you may not be resident in the UK. If you are compelled to use offshore bookies, using Neteller can provide you with the security, safety and privacy you need to be able to bet with peace of mind.
If you like to use cryptocurrency to fund your betting there is a Neteller to Bitcoin funding option too. It is perfectly possible to use Neteller to buy Bitcoin, and full details about how to do this can be found on the Neteller website.
How to create a Neteller account
So, now that you have seen the benefits of using this type of ewallet as a payment method for funding your esports betting, how do you create a Neteller account?
It is very easy. Simply go the official Neteller website and click the ‘join for free’ button in the top right corner of the screen. You will then be asked to provide some details and choose a way of funding your Neteller account. Be sure to check which fees apply in your country of residence.
You may well decide to create a Neteller account now. Whatever payment method you use to fund your betting account, it is important that you remember that money is not free and that betting is an activity where you can lose as well as win. Always stop betting if you start to get angry or frustrated, or you want to chase your losses with ever bigger bets. Greed is the enemy of successful punters, whether they are betting on esports or another type of sport. Always remember that esports betting is supposed to be fun.