How Esports Betting is Gaining Popularity in Malaysia?
Explore the growing popularity of esports betting
Explore the growing popularity of esports betting in Malaysia, popular games like Dota 2, FIFA, and tips for betting responsibly to maximize your winnings.
New generation is more attracted to esports betting as they not only enjoy betting for entertainment but also prefer to switch between games that they like. Esports betting in Malaysia has witnessed a considerable rise in various competitions, especially with popular titles like Dota 2, League of Legends, Counter-Strike, and FIFA. While video games were a popular pastime for punters in Malaysia, they have evolved into a multi-million dollar industry, attracting players from all parts of the world across various generations. Esports betting sites in Malaysia are now capitalizing on this rising demand by offering fans diverse betting markets.
In this article, we will focus on the rise of esports in Malaysia and why it appeals to the new generation. We will also discuss some of the popular esports markets and provide our readers with a few tips and strategies to optimize winnings.
The Rise of Esports in Malaysia
Esports, which are organized gameplay of various video games, has become a worldwide phenomenon, and Malaysia is no exception. Over the last decade, the country has witnessed exponential growth within the esports industry, heavily driven by a mix of factors such as a young, tech-savvy population, increased Internet penetration, and high investments from both private and public sectors. Malaysia has local tournaments, leagues, and teams that are making waves on an international level, leading to the rapid growth of esports betting Malaysia.
The younger generations, especially Gen-Z and Gen-Alpha, are the main contributors to this growth in the digital-first world. The welcoming return of various esports events has attracted over 1 million youngsters to join the industry. In 2020, Malaysia became the third-largest gaming market in Southeast Asia, generating $786 million in revenue, according to the 2021 report by the Malaysia Digital Economy Corporation. This highlights the growth of the Malaysian gambling market in recent years.
It is now home to well-renowned esports personalities who have individually and collectively contributed much to the market. Needless to say, this has led to a rising number of sports betting sites that offer esports betting in Malaysia. However, we recommend players to choose the best sportsbooks in Malaysia in order to enjoy safe gaming experiences.
Why Esports Betting Appeals to the New Generation?
The unique attributes of esports tournaments in Malaysia have made it appealing to the younger crowd. Its digital nature has made these events more engaging and accessible, with which younger generations are extremely familiar. Around 69% and 73% of the Gen-Z and Gen-Alpha population have shown their preference for eSports gaming. In comparison, millennials stand out with a whopping 90%, suggesting their higher preference for eSports gaming as their favorite pastime.
The new generations are accustomed to the digital platforms on which Esports Malaysia takes place. Hence, they are incredibly adept at following their favorite teams and players by engaging with online gaming platforms. Moreover, the best sportsbooks in Malaysia are carefully designed, keeping in mind their user-friendliness and intuition. They easily align with the expectations of the newer generations, who value accessibility, speed, and efficiency. Hence, the younger generations are growing up betting more on esports, finding it a natural progression that they enjoy.
Popular Esports Betting Markets in Malaysia
Esport betting is a wide term that covers various genres and games. The best esports betting sites provide access to popular esports markets in Malaysia, including the following:-
- Dota 2: This game has lots of tournaments to offer, including The International, which is a multi-million dollar tournament, in addition to Dota Pro Circuit and Dota 2 Asia Championship. The most common bet types for Dota 2 are moneyline, accumulator bets, First Blood, over/under or totals, double chance, tournament bets, match winner, and handicap betting.
- League of Legends: LoL draws plenty of attention since it has become a global gaming phenomenon with its widespread coverage on mainstream TV stations as well as esports betting sites. Players can access a wide range of LoL betting odds and enjoy non-stop gaming action and fantastic entertainment. League of Legends provides access to a wide variety of betting markets, including moneyline, Rivalry LoL totals, First Baron or Dragon, futures, outrights, match wheel, First Blood, map winner, and many more.
- Counter-Strike: CS betting has grown manifolds on a global level as it is exciting to watch the teams win while punters win along with them. Players can access a wide range of counter-strike bets, including handicap betting, map winners, correct scores, major champions, live bets, match winners, and round winners.
- FIFA: FIFA alone provides access to a vast range of betting markets, including match winner, player/team performance, round winner, goal at 0, and many more. It is arguably the most impactful esports game, and it has a wide player base of hundreds of millions who engage in real-world esports gaming.
Tips for Betting on Esports in Malaysia
If you want your esports bets to count, here are a few essential tips that could help in delivering decent profits while gambling responsibly.
Use our esports betting tips mentioned below:-
- Analyze sports teams and players: To improve your bet’s winning ratio, it is important to carry out a careful analysis of how the players and teams perform during a match. It is wise to find the latest opinions and statistics about the main teams and keep track of them to place well-informed bets.
- Be open to changes: Many players have a specific betting method and strategy that is characteristic of them. However, this approach may not be versatile. It is important to adapt to various conditions and change strategies accordingly.
- Keep track of betting records: Doing this will help punters identify their strengths and weaknesses in esports betting. It also makes it easier to research the best esports events while helping punters evaluate whether the previous methods used have worked effectively or require changes for future games.
Conclusion
Esports betting in Malaysia has changed how the younger generations engage with video games. It has transformed from being a solitary activity to a vibrant and dynamic social gaming experience, catering to greater collaboration and connection. Tech-savvy audiences have access to popular esports betting markets in Malaysia, including Dota 2, League of Legends, Counter-Strike, and FIFA, with competitive betting odds. By employing some of the valuable tips for betting on esports, players can maximize their success and practice responsible gambling. Overall, with the rise of the esports betting market in Malaysia, players can embrace the new experience of the latest digital age of online betting.
FAQs
1. Is Esports Betting Legal in Malaysia?
While the act of online betting is illegal in Malaysia, if players choose a licensed offshore platform, they can participate in legal betting.
2. What Are the Most Popular Esports Games for Betting in Malaysia?
The most popular esports games for betting in Malaysia are Dota 2, League of Legends, Call of Duty, Counter-Strike, FIFA, Valorant, and Overwatch.
3. How Can I Improve My Chances of Winning in Esports Betting?
To improve the chances of winning in esports betting, we advise our readers to analyze esports teams and players, be open to changes as the games unfold, and keep track of their betting records.