A new esports betting destination
The company is adding a real-money option to its existing free-to-play service.
“At ESP, our ongoing mission is to find new ways to make esports more exciting, and we have some amazing new features coming down the pipes,” the company said via press release. “Today we’re excited to kick that off by launching pari-mutuel style betting on your favourite esports games.”
ESP.bet offers parimutuel betting where the size of the pot determines the total payout. The pot is created by taking the sum of all stakes or the amounts wagered. The company takes a 10 percent service charge from the losing side.
Each player’s winnings are dependent on the percentage of her or his individual wager compared to the winning pot total. So if a player puts $5 on the winning team in a pool of $100, that player’s bet constitutes five percent. This percentage is then applied to the total pot to determine the winnings.
Two bet types to choose from
The new platform enables two types of betting: match betting and side bets.
Match betting allows players to simply place bets on the winner of a particular match. Players can bet two possible outcomes, and betting closes before the start of the match.
To make it more interesting, the platform also features side bets. These include options like score betting or how certain tournament structures will play out. It also features more detailed options, for example which team will win, say, the second pistol round of a map.
For those who like to have it quick, the company has also implemented the bet slip.
“Often times when browsing the list of possible bets, you’ll want to participate in several quickly,” the site announcement says. “Our bet slip feature allows you to quickly add several bets and choose how much you want to wager in one easy location.”
ESP showing its commitment to the community
Moreover, the company is a member of the Esports Integrity Coalition (ESIC). With recent turmoil surrounding illegal betting sites, ESP is joining forces with other market participants to evolve the industry’s reputation and standards for fairness. By addressing issues like match-fixing and betting fraud, ESIC is improving the market for everyone.