The OKBet Esports Betting industry is now a genuine global phenomenon, and you can wager on these contests and try to win money on the outcomes of popular games and matches just like you can with traditional sports like basketball or baseball. According to some economic and gambling industry experts, around PHP 9.63 trillion (USD 200 billion) will be bet on eSports globally each year by 2022-2023.
While legal online eSports betting in the Philippines only accounts for a small portion of that action, the revenue is clearly there for the island nation, as eSports betting is extremely popular among Filipino punters. If you live in the Philippines and want to bet on eSports, MegaSportsWorld has yet to enter the market. As a result, your best bet will be to use legal offshore sports betting sites, all of which have massive slates of eSports odds available year-round on events large and small.
Is it legal to bet on OKBet Esports betting online in the Philippines?
There are numerous excellent esports betting sites available to Filipino customers. There is only one legal operator based in the Philippines – OKBet Esports betting – who unfortunately offers a limited number of betting options. If you are serious about esports, you will most likely need to look into one of the offshore betting sites. Keep in mind that finding a betting site that accepts payments in Philippine pesos may be difficult. This means you may need to make deposits and withdrawals in a different currency. Fortunately, there are a number of betting sites that accept OKBet. Payment providers like these should give you a lot of leeway when betting on esports in the Philippines.
OKBet Esports offers legal eSports betting.
OKBet Esports betting is the Philippines’ domestic sportsbook, which is available to the country’s residents. While MSW offers betting options on Philippine sporting events, the sportsbook currently does not offer eSports odds. MSW currently only offers betting lines on traditional sports and has little – if any – e-Sports action, but we will update this page as soon as MSW posts comprehensive lines on international eSports leagues and tournaments.
Having said that, all of the online betting sites listed above provide odds for eSports betting as well as far more options for traditional sports betting. Again, regardless of the market you’re betting on, these sites are completely legal and safe for Filipino punters of all stripes. The only thing they do not provide is online sabong betting, which is currently being debated in the Philippines Congress for possible local legalization.
OKBet Esports Nationals and the Road to the Nationals
The Philippines began the inaugural season of OKBet Esports betting: The Nationals, the country’s first home-grown eSports league, in 2019, with professional teams and gamers competing to make the cut. The following video games were chosen for the Road to the Nationals tournament:
- Dota 2 on PC
- Mobile: Legends of Mobile
- Tekken 7 on console
Teams and gamers from all over the Philippines competed in the Road to the Nationals from August to October 2018, producing the slate of teams and rosters that now make up The Nationals league.
Of course, the proper eight-team league includes more than just the aforementioned titles, and the country’s players are quickly making their mark in the Southeast Asian OKBet eSports betting scene. While China and South Korea continue to be the heavyweights, Filipino pro gamers are quickly catching up.
Betting on International OKBet eSports by Filipino Gamers and Fans
When it comes to betting Esports leagues and tournaments taking place around the world, the online sportsbooks mentioned above have a plethora of options. Here are the eSports that always have betting lines available at the most reputable legal online sportsbooks in the Philippines:
- League of Legends Dota 2 (LoL)
- Counter-Strike: Global Offensive (CS:GO) (CS:GO)
- Rainbow Six: Siege
- Heroes of the Storm
- Rocket League
What Are the Distinctions Between OKBet Esports, Video Game Sports Simulators, and Virtual Sports?
Betting on simulated sports play has become so popular in the Philippines that sportsbooks are struggling to meet demand and frequently do not provide guidance on the differences between each option. Though OKBet Esports, video game simulations (sims), and virtual sports share many similarities, they are distinguished by a few key differences, which we will discuss below.
OKBet Esports Simulators in Video Games
Video game sports simulators, like OKBet Esports, use popular software from major video game franchises, and bettors can wager on the outcomes of each matchup. The most significant distinction between eSports and sports simulations is that simulations do not use human players to control the action. The featured players and teams are based on real-world stats and historical performance of real players and leagues, with odds based on this data.
Simulated sports games are shown through to completion via online livestreams, and sportsbooks choose things like weather conditions prior to the games that can affect their outcomes. Because such games are played in real time, bettors can place real-time wagers on them. Non-sports titles that dominate the eSports market are not included in sports video game simulators, which are based on sports-themed games.
IS IT LEGAL IN THE PHILIPPINES TO BET ON OKBet ESPORTS?
Yes, Filipinos over the age of 18 can legally sign up for online sportsbooks and wager money on esports.
It has not been illegal for Filipino bettors to sign up with offshore licensed and regulated online betting sites to bet on esports and other sporting events since 2012. Filipino bettors are not subject to stringent laws because the majority of current restrictions apply to the operator rather than the player.
The real challenge is finding foreign-based online sportsbooks that accept Filipino players, as many do not due to local businesses being established in the region, which then have to abide by local laws – one of which is not being allowed to accept Filipino sign ups. Because the government-run Philippine Amusement and Gaming Corporation (PAGCOR) oversees all gambling activity in the country, only one operator, OKBet Esports betting, is currently licensed to offer Filipinos sports betting through PAGCOR’s betting terminals and internet parlors.
While OKBet Esports betting and PACGOR-licensed betting options are excellent and highly recommended for Filipinos, certain betting markets, such as esports, are not always available. As a result, this guide instead recommends several offshore online sportsbooks.
PAYMENT METHODS FOR DEPOSIT AND WITHDRAWAL AT OKBet ESPORTS BETTING WEBSITES
Credit and debit cards (MasterCard, Visa), cryptocurrencies (Bitcoin), direct methods (bank transfer, cheque), online prepaid payment services (AstroPay, Click2Buy, Entropay), Filipino-specific options (MoneyGram, Union Pay), and web wallets are all available to Filipino esports bettors (Neteller, Skrill).
OKBet esports is one of our top recommendations for Filipino esports bettors because it is a hassle-free 100% online option with low cost conversion for the Philippine peso (PHP) and United States dollar (USD) – you simply wire money from your regular bank account into your OKBet account, which is then used to deposit money into your preferred betting site, because it acts as a go-between for your personal banking account and your esports betting account, it’s ideal for those who want more privacy or extra security.
Filipinos can easily deposit and withdraw funds from their preferred online sportsbook to bet on esports using the same simple steps as anyone else: Sign up for an account with the site where you want to bet, verify your contact and personal information, log in to your account, and go to the ‘banking’ or ‘cashier’ section of the site. To make your first deposit, select a payment method from the list provided (the money you will be using to bet on esports). Once you have won any bets, you can process withdrawals in the same section, though wagering requirements apply.
This are the recommendations criteria on choosing OKBet Esports betting:
The Best Chances
Our top-rated online betting sites will provide the best odds available online. This is critical for us because the best odds will ensure you the best possible wins.
A Secure Gambling Environment
We look for sites that protect your personal information and provide safe payment methods. We also make certain that the website is properly licensed.
A Wide Range of Betting Options
While picking a winner is exciting, there are many other ways to bet on Mobile Legends. You should be able to wager on who gets the first kill or how many towers a team takes. We review this list before recommending a website.
Best Bonuses and Promotions
We want you to have access to the best online bonuses and promotions. And we don’t just mean the biggest bonuses when we say best. We also examine wagering requirements and read the terms and conditions to ensure that the promotions are fair.
THE PHILIPPINES’ FUTURE OF OKBet ESPORTS BETTING
Because there isn’t much to say about OKBet eSports betting, the Philippines currently has a small market. However, it is showing promise. What evidence do we have? Because we at Strafe have discovered that the majority of Filipino eSports fans are eager to try betting on their favorite eSports.
The only issue for Filipino gamers is a lack of funds. Most new bettors immediately considered eSports betting as a way to spice up their viewing of eSports tournaments while also making some money.
Filipino eSports fans who also bet on eSports regard eSports betting as a hobby. It’s only a matter of time before the rest of the pack realizes the same thing.
Will the online casino market be overtaken by OKBet esports betting?
For decades, sports fans have looked up to their favorite athletes, and now gamers are doing the same for esports players. Some younger generations prefer to watch esports tournaments over traditional sports competitions, and this is also true in the world of betting.
OKBet Esports Betting and popularity have a close relationship.
Video games have been a part of some people’s childhoods for several decades. Initially, this type of recreation was reserved for individuals or small groups of friends, whether it was split-screen gaming or LAN parties, but things changed with the introduction of fast internet speeds and online multiplayer games.
As we all know, people from all over the world could play video games against each other online, and tournaments grew in popularity, first on a national scale and then globally.
Esports skyrocketed with the rise of games like CSGO, League of Legends, and Dota 2, as well as large tournaments with growing prize pools – and these tournaments became appealing to bookmakers.
We saw the same thing happen with the NFL decades ago, when betting apparently increased the popularity of American Football significantly. Some argue that something similar is happening in esports today.
OKBet Esports betting Increase in popularity
Because of the causal relationship between betting and the rise in popularity of esports, more people are watching and betting on matches. According to some estimates, OKBet esports games are more popular than some traditional sports combined. Football, on the other hand, is one of the major traditional sports that is more popular than esports today. According to some reports, esports are more popular than basketball and hockey.
Of course, we’re talking about younger generations – those aged 10 to 35 – and it appears that future generations will gravitate toward esports as the industry grows.
To give you an idea, the League of Legends World Championship finals had 73 million peak concurrent viewers, which is higher than many sports finals.
Twitch, the popular livestreaming company, was purchased by Amazon in 2014 for nearly $1 billion, and according to the most recent statistics, it has 31 million average daily visitors. As a result, interest in watching esports online continues to grow.
Will OKBet esports betting eclipse casino gambling?
In terms of market size, OKBet esports are unlikely to overtake traditional sports betting any time soon. What about online gambling? Currently, the online casino market is doing well; it has grown in popularity, and the industry is worth hundreds of billions of dollars worldwide.
It will be a long time before esports becomes that popular, if at all. Still, while older generations have a large share of the online casino’s popularity, new generations are emerging that prefer esports over traditional betting forms, which may narrow the gap between the two modern forms of betting.
In any case, both types of gaming will evolve further. We anticipate new forms of betting, particularly in the online casino industry, that may appeal to future generations.