What is NBA Esports betting?
In gaming history, NBA 2k is among the longest-running franchises. The first model was released in November 1999 by Visual Concepts. The National Basketball Association has offered support for every new version released annually. Currently, it is an initiative of the NBA and Take-Two Interactive. NBA 2k is a simulation of basketball video games that is based on the real NBA teams and players.
NBA 2k league version 1.0 was released in 2018 and it started with 17 teams. They have expanded to 23 teams in 2020. That means there is a large amount of data available for individual players and teams on performance before every championship begins. As a gambler, it makes it easy to analyze the performance before placing your stake. The NBA 2k esports betting allows you to bet on your preferred player or team using availed odds and parameters. It is different from other esports games such as FIFA. Each team has five players who play one of the five positions, similar to the standard Basketball teams. NBA franchises manage both teams and players directly. 2K Sports helps in management, making it the first time an American sports league has joined the esports sector.
NBA 2k Betting Odds
Betting odds are a representation of a probable outcome as availed by the betting sportsbook. They also reflect the amount you are likely to win or risk losing based on the outcome of the games and the amount invested for the stake. If an event like winning or losing is likely to occur, then the betting odds will be lower. If the event is unlikely to happen, then the odds are likely to be quite high.
If the expected results are likely to happen, the betting odds will be low. That means you have to bet more money to win less cash. Consequently, if an event is not likely to happen, then you can bet less money to win more.
Just like other esports games, there are different betting odds available for NBA 2k league gamblers. American odds also referred to as Moneyline odds, are commonly used in the NBA 2k in the United States and Canada. They are very easy to understand. They have +(plus) and – (minus) signs centered around $100 as the betting stake. When the betting odds are negative, it shows the amount you require for wagering to win $100. If the odds are positive, it shows how much a $100 stake is worth if you decide to place the bet.
The easiest betting odds section to understand is the match winners category. In this, you decide to vouch for the team you feel is likely to win and place your bet. It is the same as real-world basketball games. Some sportsbooks provide in-play markets that allow you to bet when the has already begun and the odds keep changing depending on the performance of the teams. They also allow cashouts before the game ends, saving you the risk of losing all your money if your team was on the receiving end.
Accumulator betting odds are also common in the NBA 2k League. This a good way of making good returns after initially placing a low stake. This allows you to choose on different teams with diverse possibilities, with all the games playing at different times. This is an option for confident gamblers. If one of the outcomes is different from what you had chosen, then you will have lost the bet. However, the payout is quite high if you are right!
NBA 2k Tournaments Around the World
After the first successful season of the NBA 2k League, the first Asia-Pacific Invitational tournament was held in HongKong in 2019. Only a handful of selected players from the region were invited by the organizers. The second tournament is scheduled to be held in December 2020, with more players expected for the virtual tournament.
In early April 2020, the first-ever NBA 2K Players Tournament took place. It was held on the Xbox-one console with players selected from the NBA league players. The tournament was broadcast live on ESPN, accredited broadcasts outside the United States, and social media channels like Twitch and YouTube. The tournament featured 16 professional NBA players. The winner, Devin Booker of Phoenix Suns, won $100k to donate to a preferred personal charity organization and crowned NBA 2K20 Players Champion.
Why NBA 2k League is Popular in E sports
There are approximately more than 40 million gamers of NBA 2k League, making it one of the most famous games in esports. Basketball is a popular game, with an estimated 2.2 billion fans around the world. The esports gamblers easily associate with the game as it is a virtual simulation video game based on the real NBA teams and players. The NBA franchises manage the teams, giving the fans a chance to support their favorite one.
The NBA 2k begun with just 17 teams. The increased demand for the inclusion of more teams by players led to the addition of five more teams. The prospects of adding the pool of players and different teams around the world provide the fans with more options to support their favorite teams and individuals.
Another reason is that the game can be played on both PlayStation 4 or Xbox One. You can also register to access the NBA 2K Online version. For instance, in China, the NBA 2K Online version is the leading PC online sports game with around 50 million registered users. The registration process is also easy. All you need is to only submit an online application, with a 50 games win rate of the present edition of the league.