Esports Gambling: Market Structure and Biases

Esports is one of the fastest growing avenues of entertainment in the world today, projected to have revenues approaching US1.5 billion by year 2020. The large growth of this market has led to similarly large growth in the gambling industry around esports, with some estimates predicting over US.4 billion in wagers made in 2018. In this article, we explain the nuances of the esports gambling market that differentiate it from the traditional...