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LANDuel Peer-To-Peer Esports Betting

EsportsEsports Betting | LANDuel

Esports is a global, growing market driven by the increased publicity and popularity of online gaming. Some projections have the esports industry pulling in over $1 billion for the first time in 2021. As the booms of esports and sports betting coincide, there is an escalating desire to pair the two together.

Hard Rock sportsbook in Atlantic City, New Jersey has been offering sports betting since early 2019. Now, it will make a splash in the esports space by partnering with Esports Entertainment Group to bring esports betting inside its walls.

The partnership will result in an in-person Madden NFL 22 tournament, hosted by and organized through LANDuel, an esports wagering platform and subsidiary of EEG. The groundbreaking event will span January 22nd-23rd at the Hard Rock Hotel and Casino located on the Atlantic City boardwalk.

CONTENTS

LANDUEL

LANDuel is a peer-to-peer skill-based betting platform for esports. Peer-to-peer betting, also known as a betting exchange, involves bettors creating their own odds as opposed to placing wagers based on a bookmaker’s odds.

To understand a betting exchange, think of placing a wager with a friend. If you’re playing against your friend in Madden ’22 as the Kansas City Chiefs, and he or she is the New York Jets, you might feel confident enough to bet your friend $100 that you will win. To make the wager official, your friend will need to agree to wager $100 on the opposite side of the bet. Without your friend’s agreement, there is no bet.

With LANDuel, gamers can bet on their own ability to beat other gamers in a betting exchange environment. The esports betting platform also provides event management tools like brackets for larger events. Gamers can win real cash and prizes by challenging other players with similar skillsets or participating in tournaments.

ESPORTS ENTERTAINMENT GROUP

Esports Entertainment Group is a publicly traded company that specializes in esports and online gambling. It offers legal wagering on esports events through recently-acquired LANDuel. The company, already a pioneer in safe and secure esports wagering, partnered with Liquipedia.net in early 2021, which will result in increased safety mechanisms for users on EEG’s platforms.

The reputable gaming company prides itself on growing the esports community by connecting players with similar interests and skillsets. It is an industry leader and has aggressively paced industry advancements through acquisitions of public relations firms, strategic investment groups, and technology companies.

HOW TO BET ON ESPORTS WITH LANDUEL

Those who wish to get in on the betting action with LANDuel will need to attend an event in person. Below are the steps for creating an account and placing wagers per the LANDuel website.

  1. Attend an in-person esports event – including the Madden ‘22 tournament at Hard Rock Hotel and Casino on January 22nd-23rd – that offers esports betting through LANDuel
  2. Register for a LANDuel account under the supervision of a regulated employee
  3. Receive your computer assignment and begin betting on matches!

MADDEN NFL 22 COMPETITION AT HARD ROCK ATLANTIC CITY

From January 22nd-23rd, Esports entertainment Group, LANDuel, and Hard Rock Hotel and Casino will host a Madden ’22 tournament featuring peer-to-peer wagering. The tournament marks the first time an in-person esports event will feature sanctioned peer-to-peer wagering.

EVENT DETAILS

  • Game: Madden NFL 22
  • Location: Hard Rock Hotel and Casino Atlantic City
  • Time: 8:00 A.M. – 8:00 P.M. on both January 22nd and January 23rd

Rules:

  • 256 players, all 21+ – Double Elimination
  • Spectators 18+
  • All matches played on computer with players’ choice of Xbox or PlayStation controller
  • Exhibition Head-to-Head
  • 5 minute quarters
  • All-Madden skill level
  • Normal Game Speed
  • Weather: Off
  • Fatigue: Off
  • Injuries: Off
  • Accelerated Clock: Off

GRAND PRIZES

The top eight finishers will receive a guaranteed cash prize, ranging from $225 for the seventh and eighth place finishers, all the way up to $3,600 for the champion. On top of prize money, players can also wager on the outcome of head-to-head matches. Players will be allowed to bet on themselves but not against themselves, and they will also be able to wager on the other matches in the tournament.

This allows players who are eliminated early to maintain interest, and it provides the opportunity to successful players to earn more than the listed prize money if they bet on themselves and rack up several wins. Spectators are also able to place wagers on the head-to-head matches after registering on-site for their LANDuel account.

LANDUEL ESPORTS BETTING FAQ

WHERE IS ESPORTS BETTING LEGAL?

Esports betting is 100% legal in Nevada, New Jersey, Colorado, Tennessee, and West Virginia. Esports betting is regulated but not 100% legal in 11 other states. Regulations result in certain rules and restrictions that may prevent someone from betting under certain circumstances. Regulations vary by state.

HOW DO I PLACE A BET ON ESPORTS USING LANDUEL?

To bet on esports using LANDuel, attend an in-person event managed by the betting platform and sign up for an account under the supervision of a regulator. Prospective bettors cannot currently place esports wagers online without being in an event location.

WHAT IS THE ESPORTS ENTERTAINMENT GROUP?

Esports Entertainment Group is an esports and gambling company that strives to connect gamers and esports enthusiasts through various networks. It has partnerships with professional sports teams, hosts community-focused tournaments, and partners with LAN (local area network) cafes to bring gaming fans together.

CAN I ATTEND THE MADDEN TOURNAMENT AT HARD ROCK HOTEL AND CASINO AS A SPECTATOR?

Yes. Admission is free and there will be seating for spectators. Spectators may also sign up for a LANDuel account and place wagers on the matches in the tournament. Eligible guests will even be able to compete and make side-wagers in their own matches outside of the tournament.

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