In Q3 2023, SOFTSWISS Sportsbook recorded a notable 37% higher average bet on League of Legends compared to football – the sports betting platform team shares valuable insights.
In terms of statistics, the 5 traditional sports in terms of number of bets did not bring any surprises:
- Table tennis
Counter-Strike continues to remain among the 10 most popular betting disciplines, maintaining its leadership among eSports. Another leader in this segment, League of Legends, surpasses football with a 37% higher average bet.
Furthermore, Dota 2 has become the most profitable among all betting categories. These facts highlight the hidden potential of focusing on esports, especially in light of seasonality.
Notably, in the third quarter, there were more tournaments across multiple esports than in the second quarter, positioning esports as a potential lifeline during the traditional summer sports off-season.
Compared to the third quarter of 2021, the third quarter of this year witnessed a notable increase in the number of bets, trading volume and GGR on mobile devices.
Precisely, 80% of bets were placed via mobile, marking a substantial increase compared to the 65% recorded in the previous year.
The growing trend of players turning to mobile phones to bet underlines a strategic shift driven by the inherent convenience these devices offer, especially in live betting scenarios.
SOFTSWISS Sportsbook Review
Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook, comments: “In contrast to the third quarter of the previous year, we noticed a gradual increase in the participation of matched bets.”
This is a favorable sign for operators, as the probability of winning a combined bet is lower than a single one. Overall, I am pleased to highlight our sustained quarter-on-quarter growth.
When we compare our performance with the corresponding period last year, we see an extraordinary 438% increase in the number of bets and the GGR has increased by an astonishing 523%.
These remarkable results are a testament to the dedication, professionalism and unwavering commitment to innovation demonstrated by my colleagues at SOFTSWISS Sportsbook and other product teams. I extend to them my sincere gratitude for their remarkable contributions,” he added.
SiGMA Europe in Malta
Last month, SOFTSWISS Sportsbook took a big step towards new regulated markets, achieving the vital GLI-33 certification.
Team representatives will be happy to welcome you to stand 2129 during SiGMA Europe in Malta from 14th to 16th November.
SOFTSWISS is an international iGaming company providing ISO 27001 certified software solutions for managing gaming operations.
Furthermore, the team of experts, which has 1,400 employees, is based in Malta, Poland, Georgia and Belarus.
Therefore, SOFTSWISS holds a number of gaming licenses and provides complete iGaming software solutions.
The company has a vast portfolio of products, including the Online Casino Platform, Game Aggregator with thousands of casino games, Affilka affiliate platform, Sportsbook Software and Jackpot Aggregator.
In 2013, SOFTSWISS was the first in the world to introduce an online casino solution optimized for Bitcoin.