eSports has become a major source of revenue for game developers and the sports betting industry alike. Major game developers like Valve with their multiplayer games like CS: GO organize events for worldwide audiences and gamers. Here, they can form teams and compete for the grand winning prize, often a big cash prize. In fact, eSports gamers make a lot of money winning titles and different levels even if they didn’t win the finals. They are sponsored by several companies in the gaming industry as well, that pay huge sums of money.
In recent years game developers such as Valve for CS: GO, Riot Games, and many in general have released beautiful skins that make players extremely excited. These can cost up to hundreds of dollars for just personalization and usual changes. Yes, it is all virtual and still, they can be really expensive. Below are a bunch of similar interesting facts about eSports skins.
eSports and the ‘Skin Betting’ industry
Monetary life-saving cosmetics, skins have become a prime aspect of eSports and betting on it. Even though skins are virtual items used in games like Counter-Strike: Global Offensive, also known as CS: GO, their general functionality is reserved only to changing looks of weapons, avatars, and other things like vehicles and stuff. As games are increasingly adopting some kind of skin system, CS: GO has become a dominant player in the skin betting market.
- CS: GO skins account for over 80% of wagers and bring millions of dollars of revenue. An ordinary-looking knife can be changed to look something else with $400 skin in CS: GO, and players spend that type of money doing so.
- Players deposit a skin at a skin betting site such as sportsbooks, lotteries, even roulette and transfer the skin using an internal currency to someone else who wants it. Steam allows for such kind of trade for players.
Some Facts about eSports Skins
Besides the cost, a lot of skins also feature added features that enhance gameplay. Some games like CS: GO keeps it simple and allows only a change of appearance and personalization with the help of these skins. eSports skins are quite popular for gambling and betting industry known as ‘Skin Betting’.
- Riot Games released Primetime Draven and Surprise Party Fiddlesticks as great legendary skins that were permanently on sale for 975. These were released under Legendary Skin Legendary and are listed under the same category in their store. Primetime Draven, among them, has a unique feature called VO because of which it is priced at 975 RP.
- Surprise Party Fiddlesticks, on the other hand, features no traits associated with high-tier skins but are still very popular for being the one and only skin that comes with a unique set of ability icons. These are Dark Wind and Crowstorm. Combined with a unique blend of Fear icon that is situated over-head it also has the general crowd control effect that is consistent with all other champions.
- Players can leave their skins dormant in the repository or their inventory. When playing a game, they can use it to change the appearance of the weapon. Now, they can trade their skin online with other players for a price. Players who want that skin place a bet. This can be cashed out or converted to an internal currency that can be used within the game. Finally, using third-party sites outside Steam (for CS: GO) players can be paid in cash.
- Wear and tear of the skin is an important aspect. For example, in CS: GO, every skin has an attributed level of wear. This refers to the image placed on a particular item. This is the order of wear level starting with the most wear and tear to completely brand new and flawless.
There are five CSGO wear levelsas follows:
- Well Worn
- Minimal Wear
- Factory New
- Skin floats impact the skin value considerably. As per the general rule, the more is the wear and tear the lesser is the value. So, a skin that has the least wear value has a higher price tag. Below are the wear levels of skins in the smallest to the highest order. 1) Factory-New (0.0 to 0.07), 2) Minimal Wear (0.07 to 0.15), 3) Field-Tested (0.15 to 0.38), 4) Well Worn (0.38 to 0.45), 5) Battle-Scarred (0.45 to 1.00). So, according to the above rule, Factory New will be the highest priced while Battle-Scarred will be the lowest.
- Souvenir Skins are a special category of CS: GO skins that are dropped only during Majors and CS: GO tournaments sponsored by Valve. Further, they come with previously applied original stickers that are unique and not available anywhere else. The AWP Dragon Lore was the most expensive skin ever sold for a price tag of $61,000. This came with Boston Major 2018 stickers.
- StatTrak skins from CS: GO are considered one of the most impactful skins as well because they can significantly influence the prices of skins. This skin tracks your kills and the weapon used for the same. Once you’ve traded the skin, the kill counter will be reset. StarTrack skins are usually more expensive, present under Orange brackets in Steam inventory, than their normal counterparts.
- CS: GO knives can start for $400 to change the appearance. Dota 2 skins will cost $35 to get the Arcana skin. The value of these skins is virtual and has no upper limit. So, it is impossible to tell how much ‘Worth’ not value a custom skin is to people, and hence their prices soar high in the trade market. Also, eSports matches and popularity makes an impact on prices.
- If you talk about real money, CS: GO betting and League of Legends are eSports games that lead the pack in making huge revenues from gambling. LoL accounts for 38% of the market, CS: GO comes second at 29% followed by DOTA 2 at 18% and then others follow.