How to get started with skin betting
Only the best and most trusted skin betting sites are listed and recommended below
eSports betting site
No minimum odds
100% up to €100
with code: EBETFINDER
Best welcome offer
– Plenty of eSport matches
– A lot of betting markets
– Full & partial cash out option
– Fast withdrawal times
– Fast settling times
– Plenty of live streaming
– Skin & bitcoin deposits
– Fantastic website design
Three bonuses to use
100% + 50% + 25%
up to €133,7
to all new players
Overall amazing site
– Plenty of eSport matches
– Wide range of betting markets
– Fantastic welcome offer
– Fast withdrawal times
– Fantastic website design
– Skin & bitcoin deposits
– Match result statistics
– 130+ casino games
100% up to €50
to all new players
Great choice for eSport
– Huge selection of matches on eSport
– Good amount of entertaining markets
– Fast withdrawals (within a few hours)
– Fast settling times on coupons
– Full and partial cash out option
– Live streaming on plenty of matches
– Can deposit with skins and bitcoins
– Decent selection of casino games
What is skin betting?
Skin betting, which is also known as skin gambling, is a way to use skins gathered in certain video games to deposit with on gambling sites. It’s quite a new phenomenon as it was first recognized in 2013, shortly after the game developer Valve introduced a tradable skin system to Counter Strike: Global Offensive. Since then betting with skins has become a huge industry and a popular choice amongst gamers. It’s important to know that there are two different ways that skin betting can work:
The first is that the skins you deposit are exchanged to a virtual coin currency where the amount of coins depending on the value of the skin. You’re then able to play luck based games together with other players, such as a form of roulette. In some cases it’s also possible to bet on a few matches, but the selection tends to be very limited. When you decide to make a withdrawal, the coins that you have gathered needs to be exchanged for other skins.
The other way that skin betting can work is that the skins are turned into real money that can be used to bet with. This is done by an offer given in the deposit process and if this offer is accepted, the skins are sold for a certain amount of money that will be deposited to the eSport betting site. This money can then be used like any other money to bet with. On a withdrawal from the eSport betting site, real money is transferred to your bank account or whatever method you choose to withdrawn them to.
eBetFinder only recommends the use of the second mentioned type of skin betting sites as the first ones are not regulated and therefore not safe. You can find out more about this by reading the section of regulated & unregulated skin betting sites further down on the page.
In addition, the secondly mentioned type of sites also has a selection of bets that is much, much better. The skin betting sites Arcanebet and Betspawn are for instance well established in eSports betting and have a huge coverage of eSport matches from several different games. They both offer the deposit method skinpay, which turns skins into real money.
What are skins and how do I get them?
Skins are something that can be earned from playing certain video games, such as Dota 2 and CS:GO. These skins have no effect on the gameplay, but are purely used for cosmetic purposes to make a character look in a certain way. There are usually plenty of different skins that can be collected, which all change the appearance of a character in different ways. Some of these skins are rarer than others to come across and really rare ones can be sold for as much as hundreds and even thousands of euros.
Apart from getting these skins within the game, there is a skin market on the steam platform where you’re able to trade skins with other players. There are also various websites that have skins up for sales.
From which games can I bet skins?
Betting with skins has its origin from CS:GO, but there are nowadays several different games with skins that can be used to deposit and bet with. What is common for all of these games is that they are all available on the Steam platform as this platform is what allows skins to be traded. Check the list below for all games that you can bet with skins:
- Dota 2
- Killing Floor 2
- Payday 2
- Playerunknown’s Battlegrounds
- Team Fortress 2
Best skin betting sites
The best sites to use for skin betting are those where you trade your skins for real money during the deposit process. This is due to the fact that these sites are completely safe to use and have a selection of eSport bets that is way better than those sites where you deposit with skins and then also have to withdraw with skins. There are only a few operators that belong to this category of skin betting sites, but luckily they are high quality ones that are guaranteed to give you an amazing experience.
You’re able to find out all of the important information that you need about these sites below. Please do however note that we haven’t mentioned anything about their coverage of matches and entertaining markets on eSports. This is simply because all of them have a fantastic one that will more or less ensure that you find what you’re looking for.
Arcanebet | 100% up to €100 with no minimum odds (use code: EBETFINDER)
+ World class welcome offer with no minimum odds
+ Withdrawals that are usually processed within 1-4 hours during the day
+ Very fast settling times (usually as soon as the event has occurred)
+ Full and partial cash out option
+ Possibility to deposit with skins and bitcoins
+ Plenty of live streaming of matches
+ Customer support available on live chat, e-mail and phone
- Limited opening hours of support
- Poor selection of other products than eSports
Start betting with Arcanebet!
Betspawn | 100% up to €133,7 with a unique feature!
- Limited opening hours of support
Start betting with Betspawn!
Vitalbet | 100% up to €50 (as a cashback on your first bet)
- No customer support on live chat, only e-mail and phone
Start betting with Vitalbet!
How do I skin bet at Arcanebet?
Once you’re up and running, using your skins to bet with is easy as pie, but if it’s your first time it may seem a little bit complicated. Fear not though, because we will guide you through the entire process! Please note that we will be using the operator Arcanebet as an example. The process should however more or less be the same for any of our recommended skin betting sites.
1. Select the Skinpay deposit method
When you have created an account with Arcanebet, you head on over to the deposit page and select the method “Skinpay”. You have the option to take part of a 100% bonus with no minimum odds to the wagering by entering the bonus code “ebetfinder”. Whether you use the bonus code or not you now have to press “deposit”.
2. Enter your Steam trade link
Once you’ve pressed deposit you will be taken to skinpay.com where you have to enter your Steam trade link. This can be found by going to the bottom of the following page:
Please note that the number highlighted in green must be your own Steam ID.
By pressing “save link”, all of the skins that you have available for trading should be shown. If this isn’t happening, please read step 3, otherwise skip that and go to 4.
3. If your skins aren’t loading
Please note that for any skins to be found, your inventory in Steam must be set to public. You’re able to change this on the link below, where the number highlighted in green must be your own Steam ID:
Please also note that you have to enable a steam guard authenticator through a mobile app if you haven’t done this. You can find all the information on how you do this on the following link.
Once this Steam guard authenticator has been set up, you have to wait 7 days until you are able to trade your skins for real money.
4. Choose the skins to trade
Choose what skins you would like to turn into real money by clicking on them and then press “add funds to Arcanebet”.
5. Accept the trade
You’ll now be taken to a new page where you have to press “accept bet”. This must be done within three minutes or the trade will be canceled. You’ll also see a code, which is the reference number of the transaction.
6. Finish the transaction
After you’ve pressed “accept trade”, a new window will open which is a Steam page of the transaction. You must now confirm the trade here as well.
Please note that a window will pop up saying that the trade seems suspicious because the person you’re trading with isn’t offering any items. Don’t worry about this as you will receive money to your Arcanebet account. All you have to do is to press the green button which says that it’s a gift.
Once you’ve done this, the last step is to confirm the trade in your Steam mobile app. Open the mobile app for Steam and head on over to “confirmations” and you will be able to confirm the trade there.
7. Let the fun begin
Now everything is done and your account balance will usually be updated immediately. Please do however note that it can take up to 15 minutes.
Best skin betting bonus
If you’re looking to get started with skin betting the best way possible, we highly recommend taking part of a valuable welcome offer. This is by far the easiest way to increase your chances of making a profit from your skin betting experience.
Arcanebet - 100% up to €100 with no minimum odds!
Bonus code needed: ebetfinder
At Arcanebet you’ll find a world class welcome offer that you definitely shouldn’t miss out on. It’s currently the best bonus you can get for eSports betting. This is a deposit bonus of 100% up to €100. At a first glimpse this may look like any other welcome offer, but it’s far from it.
Although the deposited amount + received bonus have to be wagered 6 times, you have no minimum odds at all required on your bets! This means that you can minimize your risks by betting on safe matches with very low odds.
As you may or may not know, any other deposit bonus you’ll come across will say that you have to place your bets on certain odds for them to count towards the wagering. Usually these odds are somewhere between 1.50 and 2.00, which can make it challenging completing the bonus.
With Arcanebet’s welcome offer you never have to think about the odds as any bets will count towards your wagering. To make things even better, you have as much as 360 days to complete the turn over. Just remember to enter the above bonus code while making your deposit.
This amazing welcome offer will guarantee an eSport betting experience started on the right foot!
Betspawn - A unique bonus on your first three deposits!
As a new player with Betspawn, you'll be welcomed with a fantastic offer in a true gamer manner! This has a unique feature that makes it extremely valuable and one of the best for eSports betting. You're able to get a bonus of up to €133,7 on your first three deposits. The first one will be a 100% match, whereas the second will be a 50% match and the third one a 25% match.
The wagering requirement for the first bonus is 12 times the received bonus amount on odds 1.70 or higher. For the second and third, the received amount needs to be wagered 14 times on the same minimum odds. On all of the three bonuses you have as much as 120 days to complete the wagering.
At a first glimpse the wagering requirement might look a bit high, but thanks to the unique feature of the bonus it doesn’t really matter. Your real balance and bonus amount is in fact completely separated from each other and you can decide yourself which balance you would like to use depending on the bet you place.
If you place a bet with minimum odds of 1.70 or higher, the amount will always be deducted from your bonus balance (as long as you have enough). If you on the other hand place a bet with odds that are lower than 1.70, the amount will be deducted from your real money.
Although you can't make a withdrawal as long as the bonus is active, you're always able to cancel it and only lose your remaining bonus balance. This means that you're actually never committed to the wagering requirement with your own money.
You can use these to place safer bets, while you use the bonus balance for high risk ones. Should ever run out of the bonus amount, all you have to do is to cancel the bonus and you'll bet just like you would without any. If you on the other hand fulfill the wagering requirement, you have earned yourself some easy money!
This unique feature of Betspawn's welcome offer makes it extremely valuable. We therefore highly recommend picking this beast up!
The history of betting skins
It all started with an update that Valve made to CS:GO in August 2013 where skins were introduced to the game. It wasn’t the first time that they introduced skins as they had already been using this in Team Fortress 2, which is another game of theirs.
The skins were added to CS:GO in an attempt to increase the player size and unify the community as this was currently split between three different games in the Counter-Strike franchise; Source, 1,6 and Global Offensive. Valve was hoping to get more players into CS:GO by giving people these skins as a reward while they were playing. These could then be used to trade with on the steam marketplace, which would also boost the total economy of it.
Valve’s first intentions were to create skins that could be used as a camouflage and as an advantage hiding on maps. It did however turn out that colorful and bright skins were a lot more popular with the community. Players used colorful skins that were hard to get as a form of trophy, showing off their skills. This led them to become very popular within the community.
As skins turned out to be a winning concept, the rarer a skin was, the more sought after it became by players. A lot of trading began on the steam marketplace as this was a very easy way to transfer in-game items. This turned skins into a virtual currency where some of the rarer ones eventually got valued at thousands of dollars. Yet today this is the price for some of the most unique skins.
The high prices that the rarest skins reached caused a problem with the steam market as this didn’t allow sales that were higher than $400. This was however not the only issue with the steam market as Valve was also collecting a 15% transaction fee on the sales being done. Another issue was that to be able to purchase the skins, the steam wallet had to be funded by real money and this was a one way transaction. Due to restrictions, Valve had no possibility to support cash outs being made.As the steam market had some serious limitations, various sites started popping up on the web allowing trades by using steam’s application programming interface (API) to link the skin inventory in steam to the website. These websites grew to be very popular as they allowed both real money deposits and real money withdrawals. In addition they had no 15% fee on trades as Valve did, which made the trades a lot more profitable. Some of the websites eventually added gambling features, such as the possibility to bet on eSport matches and compete in luck based games against other players. It’s uncertain when exactly this started to appear, but analysts have dated eSports betting with skins back to August 2015.
Even though the introduction of skins to CS:GO is what sparked the skin betting industry, skins from other games were eventually used to gamble with as well, such as skins from Dota 2.
As competitive, professional matches in CS:GO, Dota 2 and other games started to grow bigger and bigger, with increase prize pools and viewers, there was a rising interest in betting on eSports. For many of us living in Europe, betting on eSports have never been a problem as we have a huge selection of well established bookmakers to choose from. There are however places where sports betting (included eSports) with real money is restricted.
To be able to bypass these laws, skin gambling websites evolved so that both deposits and withdrawals were made by skins. When depositing a skin, this could for instance be transformed into a virtual currency that upon cash out was transformed back to a skin simply by purchasing one on the website. As no real money was being used to bet and gamble with, this attracted a lot of people where real money gambling was restricted.
Other types of websites were also formed, such as people being able to bet skins against one another with the winning player taking home all of the skins. Each and every one of the players’ skins would for instance be put in a big pot, where the higher the value of the skins would mean a higher chance of winning.
Regulated & unregulated skin betting sites
Even though there are some serious concerns about skin betting, it is important to separate the different skin betting websites. Betting at an established operator that only offers a deposit method that allow skins to be traded for money, won’t be a problem. These are serious bookmakers that have gambling licenses and are heavily regulated by law.
Other websites that use skins as a way to bet with and then also use skins as the withdrawal method are however more of a wild card. These sites are not regulated by any law, but basically operate a black market for gambling that allow laws to be bypassed and minors to gamble. If such a website would ever be shut down, you as a player is very vulnarable as there is no law to protect you. This means that any skins or skin currency that you possess on the website most likely will vanish without any compensation for it.
eBetFinder only recommend the use of regulated skin betting sites.
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