Counter-Strike Global Offensive, the name has a gravitational force to it! No matter how much you think you can stop playing this game, the more you get attracted to it! And in all these years, CSGO’s popularity has only doubled than sinking over these years. Hence, questioning CSGO’s and the CSGO smurf account popularity would be a waste of time since its inception has only broadened its reach! Moreover, the game’s popularity has encouraged csgo skins gambling ventures!
The betting within the game items has a huge value in the real world, as well. Thousands of players bet on the in-game elements on third-party websites; the goods they lose or win will have real value in the Steam Market. The whole skin gambling market enterprises are filled with shadiness and uncertainties; most of these websites resided outside the US, among those half of them are not even licensed gambling enterprises.
At present, CSGO’s Esports section has a dubious relationship with the gambling service markets. The profit that comes from players’ virtual stickers and in-game sales goes straight to the teams. Some of the items within these in-game events are legitimate gambling items. The reach of betting has gone immensely far that gambling websites are now sponsoring CSGO Esports events. Though Valve removed 7 players when it discovered the iBUYPOWER team members’ involvement in fixing a match, wherein they deliberately lost the match to win the csgo skins that were supposedly worth over thousands of dollars! Looking into this incident, Valve wrote directly stating that in no way, in any manner should one be involved in gambling on CSGO battles, or link itself with CSGO gamblers at a huge amount; or, create any information that could have an impact on others bets.
However, even after strictly preventing anyone to gamble on CSGO matches, Valve hasn’t stopped nor dejected anybody from betting on csgo skins. There was even an article about Valve helping out members of a gambling website called CSGO lounge with technical support. They even get to have a conversation with valve.
How is skin betting different?
Since the eBay days, several minor businesses have bounced back and forth in numerous games that cover items that can be traded. Developers of such games have wrestled with these businesses in many distinct manners. Though, CSGO’s case is exceptional; the way these third-party websites focus on turning CSGO skins into money that they can turn into games that are similar to casinos. Furthermore, these csgo skins have no restrictions- the fact that they are free, and hold no age limitations could be a violation of law in the US. Valve didn’t involve themselves publicly and this may seem like permission to gamble in CSGO.
How does csgo skin gambling work in CSGO/csgo accounts?
As aforementioned, countless websites work on gambling csgo skins and allure users with exclusive promotions that make players bet on the items from their csgo accounts.
CSGO Lounge is the oldest website that allows users from all across the world to gamble on CSGO items on leagues such as FACEIT & ESL. They trade on their items via their Steam inventories; you can gamble till $300 items on mere one match! However, if one owns a secondary csgo account, they can gamble up to any amount they seek, there’s no limitation on $. Moreover, winning a match depends all on the ‘odds’;, e.g. if the odds are 80-15, 3 of them have to bet on the 80% whilst the one who’s left out will be betting on the 15%. This was cleared by an admin of CSGO lounge back in 2014.
To access the CSGO Lounge website, you must own a steam account (which of course, you’d have, if you play CSGO!). And, according to their website’s terms & conditions, you are solely responsible to discover whether your country allows such activities or is it legal, in general. After accepting their terms & conditions you are implying that you are abided by your country’s law that enables you to bet on CSGO skins. Furthermore, their website has a rule for those who are still underage; one who is under 18 cannot proceed further. Similar to all other gambling sites, CSGO lounge uses bot accounts to attain bets and share out the winnings.
Must Read: CSGO’s ‘Unranked’ Feature for CSGO Accounts