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eSports and Betting: What You Need to Know

TheStreet has been covering esports from what investors need to know about the new sector to the diversity within it. So, let's take a look at how esports betting is shaping the industry. Zev Fima, research analyst for Jim Cramer's Action Alerts Plus portfolio, says that he is carefully watching betting in esports because of the possibility that the more viewers that esports attracts, the more bets will be placed. Real Money's Kevin Curran echoed Fima's statement, saying that he also believes in the popularity of betting being able to create a cycle. "Betting with money promotes people to watch the sport," Curran said. Want to learn how the major tech players are shaking up the gaming industry? Download our report. Jennifer Roberts, associate director at University of Nevada Las Vegas International Center for Gaming Regulation, told TheStreet that there hasn't been a large uptick in esports betting, but that that doesn't mean that esports betting can't gain traction. After all, according to Fima, this could be a lucrative business opportunity for places such as casinos, which would be able to start new books to cater to esports bets. Get Answers to Your Most Pressing Market Questions. Plus, get a sneak peak of what Jim Cramer tells his Action Alerts PLUS members about earnings, investment strategies and more. Click here. Investing Education Quick Clips | A Playlist for Your Portfolio

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