If you have just entered the world of esports betting you may have come across the term skinpay betting. This is not a term with which fans of mainstream sports betting are often familiar. Skipay betting is where you can use assets you have attained from gaming to place bets on esports tournaments.
Here, we’ll take a closer look at Skinpay for both CSGO betting and Dota 2 betting, and also for other forms of esports bets using skins. We’ll answer the question of is Skinpay legit or not, and where you can find esports bookmakers where you can use skins to bet on esports. We’ll also provide you with some information about what to do if you are betting and make a Skinpay error. Read on to find out more about skinpay betting and how to make it work for you.
Which esports betting bookmakers accept Skinpay?
What is skin betting?
So you have jumped into esports betting and you want to know all about Skinpay CSGO betting – where do you start? Well, defining skinpay betting is as good a place to start as any. Skin betting, or skin gambling as it is sometimes called, is when you use skins that you have collected from video games to bet on competitive esports. It is a concept that has only been around since 2013, after game developer Valve introduced a tradable skin system into its game Counter Strike: Global Offensive (CSGO).
There are two main ways that betting with skins can work:
1. You can deposit skins at a bookie which are then exchanged into a crypto currency where the amount of currency you receive depends on the value of the skins. You can then use this currency to bet on luck based games like slots or casino games. You can sometimes do a bit of skinpay CS:GO betting in this way, but the range of markets tend to be very limited. When you make a withdrawal, the currency is usually exchanged back into skins. This is not a particularly satisfying form of skinpay Dota 2 or skinpay CS:GO betting.
2. The second form of this type of betting offers a bigger range of possibilities for skinpay legit wagering on esports. This is where skins are exchanged into real money with which you can place bets. You will be offered a value for the skins when you deposit them into your betting account. If you accept the offer, your skins will be sold and the money transferred into your betting account. This can be used to place bets, and your winnings can be withdrawn in real cash.
We recommend that you look for skinpay CS:GO and skinpay Dota 2 betting sites that use the second of these two models. The first is often used by unregulated betting sites that might not be particularly safe or secure.
What are skins and how do I use them for skinpay legit betting?
Skins are assets that you collect while playing video games. Dota 2 and CS:GO are the two games most associated with using skins to bet. The skins have no actual effect on gameplay, but function as cosmetic design features to make players’ characters look more individual. There are thousands of skins that you can collect while playing, all with varying degrees of rarity. Very rare skins can sell for hundreds, or even thousands of pounds.
In addition to collecting skins from your gaming feats, there is also an exchange market for skins on the Steam platform. This allows you to trade skins with other players in order to build up your collection. There are also trading sites on the internet where you can deal in skins, so you are not limited to what you can pick up in your own gameplay.
From which games can I bet skins?
Betting using skins has its roots in Counter Strike: Global Offensive, but there are many more esports games nowadays that allow you to collect and trade skins that can be used for betting. Defense of the Ancients 2 was the first game after CS:GO to really get on the skin bandwagon and, like CS:GO, it is a game that is available on the Steam platform. In more recent times, Z1 Battle Royale, Killing Floor 2, Payday 2 and Rust have all joined the fun, and these games allow you to collect skins for betting purposes.
Keen-eyed readers who are also gamers will notice that all these titles are available on the Steam platform. If you are in any doubt about whether or not a game will allow you to collect and trade skins, this is a good test. Games on Steam will usually allow it.
Best sites for skinpay legit betting
Is skinpay legit? The short answer is yes as long as you are using a properly licensed and regulated betting site. There is a decent range of bookmakers which now offer you the chance to bet on esports using skins. These bookies will have all the systems in place you need in case you make a skinpay error, and also offer a decent range of esports markets.
Here are three bookies which specialise in esports betting where you can use skins to fund your wagers.
This bookie has an impressive looking website that is very easy to navigate around. You can use bitcoin esports betting as well as skins and more conventional methods to fund your account. Withdrawal of winnings is very quick and easy, and usually takes no longer than four hours. The Arcanebet site has a live chat function available to contact customer services, as well as email and phone, and esports matches are streamed live at the site.
Thunderpick is another esports specialist that offers punters the chance to use skins for betting. Established in 2015, this bookie allows customers to bet against each other rather than against the house, in the way that betting exchanges do. As you would expect from an esports bookie, there is a great range of sports covered. Our Thunderpick review shows you all payment methods you can use to deposit funds in your account.
Established in 2014 as a collaboration between Rahul Sood and Karl Flores, Unikrn has become one of the world’s leading esports companies. They are engaged in producing innovative esports concepts that link blockchain and betting in new ways. Only customers resident in the UK, Australia, New Zealand and the Republic of Ireland can bet using real cash, though. There are other arrangements in place for residents of other countries who use the Unikrn site.
How do I bet and not make a skinpay error?
The first step to take if you want to place some bets using skins is to sign up at one of the bookies above. Once you have opened an account, you can start to think about formulating a betting strategy and depositing some skins in your account. In order to avoid making a skinpay error, you need to be very careful when you place your first bet.
The process at a typical bookie that allows skinpay betting usually runs something like this:
1. After you have opened your account, you will be prompted to select a payment method. Select skinpay at this stage of the process.
2. Next, you need to enter your Steam trade link. You should be able to find this in your Steam account. You should save the link when prompted, and then all skins that are available for you to use should be shown. You need to set your Steam inventory to ‘public’ to ensure that this happens. You may also need to enable a steam guard authenticator. Your bookie should have information about whether this is necessary or not.
3. Choose the skins you want to trade and ensure that they are added to your account as real money.
4. Last, accept the trade and complete the transaction. You need to confirm the transaction at both the bookie and Steam. For the purposes of avoiding tricky questions, always mark the trade as a gift.
Once this process is complete, you will have turned skins into funds that can be used for betting, and you should be all set to place your first skinpay wager.
Conclusion: skinpay CS:GO betting and skinpay Dota 2 betting is the future
As you can see from this article, skinpay betting is actually very simple. It is a form of betting that is particularly appropriate for esports, as you pick up skins from playing video games. It is a totally new form of funding betting that is sure to grow and develop over the course of the coming years.
Is skinpay legit? Well, this article should have answered that question for you. Skinpay CS:GO betting and skinpay Dota 2 betting is perfectly legitimate, but you do need to check local regulations around the use of online bookies. Always make sure you are betting in line with local laws and regulations in order to avoid trouble.
For more information and advice about skins and skinpay betting, make sure you come back to Esportsbets.com. We have all the knowledge you need to become a very successful esports punter, so bookmark the site and we look forward to seeing you again soon!