All About CSGO Skin Betting
All About Skin Betting
CS:GO released in-game skins, players were given the opportunity to create their own using the Steam Workshop. The best skins are added to the game, allowing community creators to be paid for their hard work.
It wasn’t until a couple of years ago that skin betting took the market by storm, adding a new layer of gameplay for CS:GO players all over the world. Enter the stage; CS:GO skin betting.
CS:GO Skin betting allows you to put up to bet against skins in your Steam inventory. It sounds a little sketchy, and that’s because it is. Skin betting (and skin lottery) websites aren’t exactly fair. The betting part a little less, but it’s more of the same really. Not only that, but skin betting enables teenage gambling, which is a big no-no. There have already been a couple of cases with major CS:GO skin betting websites were taken down to due allowing teenage gambling.
How Does Skin Betting Work?
Skin betting used to be simple. Now, with the newest regulations, it’s become slightly more complicated for everyone. It goes something like this:
Find a website that enables users to place bets on esports matches using their CS:GO skins. Connect your steam account to the website and transfer your skins to your betting wallet. Then you place your bets and potentially win more skins.
So how do you collect your winnings? Doesn’t Steam make you wait seven days? Well, each skin betting site nowadays has their own method. Skin betting sites have their own tutorials explaining withdrawals.
Is Skin Betting Legal?
The skin betting industry has racked up over $7 billion worth of skins in 2016 alone. That’s pretty significant when you consider that the entire esports betting market in 2016 was around $8 billion total. That sounds great and all, but it doesn’t answer the question. Is skin betting legal?
Skin betting is in the grey area. Gambling establishments are recognizing esports as a legitimate betting game. That means regulations come into effect, making its legal status positive. However, skins aren’t recognized as legal tender even though they have real money value. So international law isn’t really sure how to handle them. Arguably, this is a pressing matter due to such a large emergence of teenage gambling.
2018 saw a handful of regulations passed to interrupt or confirm skin betting. However, much of the world still has not addressed the topic.
Nevada, for example, has legalized skin betting completely. Again, skin betting falls under the gray area. That’s why, if you ask me (or anyone from csgobetting.net), this is the answer you’re going to get: skin betting is doomed to fail and will just cause trouble. If you want to bet on esports, use internationally-accepted and 100% legal esports betting sites!
Alternatives to Skin Betting
If you want to place esports bets and potentially earn money using real money, then you won’t have any issues as far as the methods are concerned. Esports betting is legalized and normalized. Finding a site to accept your bets is the least of your concerns.
Look, even though skin betting is inviting and based on a highly interesting (and addictive) concept, you should still avoid it. The idea of skin betting sounds good, but it really isn’t. It basically enables betting on a larger scale, attempting to collect more and more skins. After all, the skins themselves aren’t money; they’re a virtual ‘item’ which holds no ‘effective’ value. And, as mentioned before, teenage gambling is a major issue.
As far as alternatives are concerned, pretty much any other form of esports betting is a good alternative to satisfy that betting itch. Special esports betting, match-winner bets, outrights, live betting… all types of esports betting available through well-known and well-regulated esports bookies are completely fine, as long as you know what you’re doing
If you don’t know where to start your esports betting career, here are a few great places that offer the best esports betting odds and options:
Best CSGO Betting Sites for 2018
Conclusion
Ultimately, I think it’s better to stick with regular, well-established esports betting sites. It’s less interesting than skin trading, but it’s legal, and you know what you’re getting. While skin betting is in the grey area, I would have to give it a big, big thumbs down. Please stick to the safe side and use one of the bookies we listed above.
In the end, I guess there is nothing more left to be said. Thank you all for reading and hope to see you again soon!
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