A beginners guide to esports betting with PayPal
You probably already know that PayPal is one of the world’s most widely accepted payment methods for online shopping. You may not know that you can also use PayPal as a payment method when you enjoying some online betting. An increasing number of online bookmakers are now accepting PayPal as a method that can be used to fund punters’ accounts.
In this article, we’ll tell you all about esports betting with PayPal. You can discover just what esports betting actually is, and also a bit more about PayPal too. You’ll also pick up a few tips about how to spot a good bookie for esports betting with PayPal, and how you can boost your chances of placing more winning bets on esports. Read on to find out more!
What is Esports Betting?
You may have come to this article with no knowledge of esports betting or you may only have a vague idea about what esports actually is. Esports is competitive video gaming where teams of players compete professionally, usually in a tournament setting. Streams of these events are watched by hundreds of thousands of people all over the world. Some live events also attract big audiences at venues.
Popular esports games include Call of Duty, Counter Strike: Global Offensive, and League of Legends. Sports games like FIFA and NBA 2K also now have competitive leagues. As you might expect, when a sport becomes popular, betting on it tends to also become quite popular, and this is very true of esports. You can now place bets on a wide range of esports games and increasing numbers of mainstream bookies are offering esports markets.
What is PayPal?
PayPal is something called an ‘e-wallet’ which is a way of electronically storing money that you can then use to make online purchases or do things like place bets. You can use PayPal to send money to anyone with an email address. Once you have linked your debit card or bank account to your PayPal account, you can pay for things without having to provide all of your card details for every single transaction. Transactions are usually processed very quickly indeed – often within minutes – which makes PayPal are very convenient and flexible form of online payment method.
Why is it Good to use PayPal for Esports Betting?
PayPal is a useful tool when it comes to esports betting. There are a number of benefits to using this as your chosen payment method when you are betting online. Here are a few reasons.
- It is very safe.
PayPal is a very safe and secure payment method to use. PayPal has its own security systems in place that will keep your data and transactions safe. These will complement the security and encryption at the online bookie, keeping you even safer.
- It is widely accepted.
PayPal is accepted at an ever increasing range of online bookies. This means that you can use it very easily. It also means that you can use it at more than one bookie if you have accounts for esports betting at several sportsbooks.
- It can help you manage your bankroll.
Bankroll management is a skill that every successful gambler of any type values. If you want to manage your bankroll more carefully, using an e-wallet such as PayPal can be a valuable tool. You can monitor your wagering very easily by checking your PayPal account.
- PayPal is simple and convenient to use.
In many ways, PayPal’s main selling point is that it is so easy and convenient to use. You can link it to your debit card so that you can monitor what you spend easily. The process of using PayPal to fund your online betting account is just as simple as it is when you use PayPal to make other online purchases.
Finding a Good Online Bookmaker for Esports Betting with PayPal
Of course, when you’re planning on doing some esports betting with PayPal, you need to find the right online bookmaker. Here are a few things to check before you commit to opening an account with an online sportsbook.
- Make sure that there is a good range of esports markets.
A good online bookie should offer you the chance to bet on a range of different esports games. There should also be an extensive range of tournaments and leagues on which you can bet. You don’t want things to get stale so variety is always to be welcomed.
- Check that the welcome bonus offers good value.
Receiving a welcome bonus in return for signing up for an account is always nice. A good bookie will offer punters a decent chunk of extra bets or bonus credit with fair wagering requirements. You should always check that you can claim the welcome bonus if you are using PayPal, as some bookies do not allow punters who use ewallets to claim offers.
- Is there a mobile app?
Many online bettors like to some esports betting with PayPal on their mobile devices. If you like to place bets on your phone or tablet then you should always check to see if the bookie has a mobile app that you can download. The app should offer the same functionality as the bookie’s desktop site. Depositing, withdrawing and the full range of betting options should all be available. You should also be able to watch live streams via the app.
- Can you watch live streams of esports?
Esports betting is always better if you can watch the games on which you have placed bets. It is particularly important if you want to be successful when you are doing some in-play betting on esports. Good esports bookies always have live streams available, and you should always be able to watch them via the bookie’s mobile app too.
Shaping a Successful Strategy for Esports Betting with PayPal
If you are keen on esports betting, PayPal is not the only thing that you should be thinking about. While choosing the right payment method to fund your esports betting account is a really important thing to do, you also need to come up with a strategy that will bring you success when you actually start esports betting with PayPal. Here are a few tips on how you can do that.
Sharpen up your knowledge
This is a really important skill when you are doing any kind of esports betting with PayPal. Any successful sports bettor will tell you that the most important thing you can do when you are looking to be a successful sports punter is to research all the latest news and stories from your favoured esports games. The more you know about teams and players, the more likely you are to place winning bets. It is especially important to follow the latest results, of course, but any kind of news knowledge might turn out to be what gives you the edge that you need to be successful.
Stay calm and keep a close eye on your bankroll
Keeping calm is vital when you are doing some esports betting with PayPal. You need a clear mind to be able to make the right decisions about when and how much to bet. Assessing the kind of value on offer is really important and you can only do this properly when you have a calm and clear mind. This is why managing your bankroll and only betting what you can afford to lose is so important. You never want to be chasing your losses with a series of bets with ever-increasing stake sizes.
Understand bet types and odds
If you want to be successful when you are betting on esports then you need to know as much as possible about the different types of bet that you can place when wagering on esports. If you do not know what things like accumulators or outrights are then you need to learn. It is impossible to know how to place successful bets if you do not understand what you are actually doing when you place certain types of bet.
Place a series of smaller bets rather than one large one
When you are doing any kind of betting, it is always a good idea to limit the size of your stakes and bet on a number of markets, rather than placing one huge bet on one market. This will keep things more entertaining and give you more opportunity to enjoy the thrill of winning. It also cuts down on your risk and increases your chances of enjoying more success. Placing one large bet that loses is a surefire way to feel disappointed and angry. A range of smaller bets keeps your esports betting fun.
As you can see, esports betting with PayPal is a very safe and convenient way of enjoying some online wagering. Whether you are enjoying some CSGO betting with PayPal or wagering on any other of the many esports games out there, this widely accepted e-wallet can help you manage your bankroll more effectively, and will also help to keep you safe when you are betting online. If you want to shape a more effective betting strategy for esports, bankroll management and esports knowledge should be the foundations on which you build. You also need to remember at all times that esports betting should be fun!
Esports Betting with PayPal FAQs
It is possible to gamble using PayPal as your chosen payment method. You can use PayPal to fund your online sportsbook account in the same way as you would use your debit card or any other kind of payment method. PayPal is widely accepted by many online sportsbooks and you can fund your account with it in a similar way to how you make other online purchases with it.
Yes, you can place bets online on esports like CSGO, Dota2 and LoL, as well as many other games. Many mainstream bookies now offer a great selection of esports betting options, so you may want to check out bookies like Bet365 or Betway. Bookies like Unikrn or GG.bet are also worth checking out.
You now have a wide variety of options when it comes to gambling on esports. Some bookies, such as Unikrn or GG.bet specialise in offering a wide range of esports betting options to punters. Many mainstream bookies, such as Betway and Bet365, are also now providing more chances for punters to bet on their favourite video games tournaments and teams.