eSports and skin Gambling is a recent feature that gamers can participate in, in fact, it’s something the general public can now take part in. This is widely due to the majority of the traditional sporting gambling websites having an eSports feature, allowing people to bet on eSports and gaming event outcomes.

In this day and age, people can bet on eSports matches not only with fiat money or in-game skins , but with cryptocurrency also. As we have mentioned in our last article, eSports is always growing and it is stated that it will reach well over 1 billion dollars by 2020. Because of this amazing growth more and more betting exchanges are offering a possibility to bet with cryptocurrency because these two areas mix perfectly with each other.

Skins or items are purely cosmetic, holding no gameplay function or utility, they are digital in-game drops that are random at times for a user, with platforms allowing users to trade with each other. Skins are an overlay that will appear on a user’s screen or a weapon or the character’s appearance and can also be seen by fellow peers inside the game. These can be in-game Weapons, Skins, Badges, Knives and more.

Even though there is Selling/Trading and Buying of skins in multiple titles, we will be using Counter-Strike Global Offensive as the example. This is due to the popularity of the skins as well as it being the highest market in the world for computer game items, which can amount values of thousands of dollars for a single item.

If we were to talk about real cash betting, nearly all the major sports betting websites now have an eSports Feature to bet on the outcome of a gaming match. If we would talk about skin betting more in-depth, users can deposit their Skins or Items into a website that will generate a dollar amount; Users can then place skins with individual value into a bulk bet to produce an overall figure to bet with on a match. The odds for a team to win are just generated by the ratio of bets on them versus bets against them. In return, winners receive their original skin/item bet as well as a win percentage amount in skins/items of random value.

There are also a lot of different skin gambling lotteries and jackpots. The best example to explain CS:GO lottery sites is Roulette. These pools can run every 30 seconds to a minute, depending on the dollar amounts being placed live. Players can win or lose hundreds of dollars in items within seconds. A Lottery pool can be anything from $200 to $10,000 — There are numerous videos of gamers placing $10k bets to only see them lose it all within a minute.