League of Legends is just one of the many growing numbers of highly popular eSports that are fueling the passion for sports when 1/3 of the world’s population finds itself in city-wide lockdowns. As the world is deprived of the NBA, PGA, and various other sporting events, eSports players, playing the famous League of Legends in Berlin from their homes for the European Championship, attracted one of the largest virtual crowds since the tournament began. Apparently, even the dreaded COVID-19 virus can’t put a dent in an eSports event.
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As the popularity of eSports grows, it becomes apparent that it is now worth over a billion dollars. Not just in the way of endorsements, and advertising but online betting. That’s precisely why Formula One decided to go online.
Online Mainstream Sports
While the League of Legends is one instance of eSports, the Formula One races are another excellent instance. Since the Formula One was shuttered because of the pandemic, the company decided to go online. So, they set up a series of virtual races, which was intended to take the place of the physical event, which was canceled.
The virtual races would feature many F1 drivers and would allow fans to continue watching their favorite races but do so virtually. One of the pros scheduled to join was ex-racing pro Nico Hülkenberg. The races were under the hashtag #TheRaceMustGoOn.
Those who want to watch this eSports event, aka Formula One, can do so on YouTube, Twitch, and Facebook, starting from June 7th, 2020.
The La Liga eSports Event
Another eSports event on the cards was La Liga in Spain. Two pros from the league joined Ibai Llanos, who is one of the leading eSports people in the world, to fill the so-called football void that many fans were feeling.
Llanos was responsible for hosting the games on FIFA 2020, and featured defender Sergio Reguilon, in addition to Real Betis striker Borja Iglesias.
Interestingly, this short scheduled series drew over 60,000 viewers on Twitch. There was so much interest that Llanos decided to host the tournament with La Liga players over the weekend, and all proceeds were to be donated to the medical personnel in Spain who are fighting the COVID-19 pandemic.
eSports Betting is About to Change Big Time
As eSports starts becoming increasingly popular with both the US and UK currently being the biggest markets in the world. However, it appears as though people betting on them are being left in the cold as both countries are seeking legislation to ban the use of credit and debit cards to fund betting and gambling online. That’s why many online casions are now scrambling to either make deposits or process withdrawals or both.
While credit and debit cards may be barred from online transactions for gambling purposes, Paypal, Skrill, and other service providers will continue to support eSports and online gambling as a whole. These services are secure and established for the most part, which reduces the chances of fraud or errors.
Cryptocurrency for Online Wagering
Cryptocurrency is highly secure, and the origins of a transfer can’t be traced to any person. So, technically a person sitting in New York could place a bet on an eSports event in Berlin, secure and within a matter of seconds. But there is a problem!
Most online gambling sites aren’t set up to accept cryptocurrencies. Only websites like Nettikasino and a couple of others are accepting crypto for payment and withdrawal. However, there is good news when it comes to the fact that many online casinos will now be pushed to implement crypto transactions as more mainstream options are barred from such transactions.
