CSGO rose to its fame pretty much on its release thanks to its earlier counterpart CS 1.6, which instantly made it a big hit among multiple betting companies back in the day and paved a pathway for absolute heavyweights such as GG.bet, CSGOEmpire and many other CSGO betting companies.
While standard sports such as Football, Basketball and others have existed for many a good year the introduction of Video games into the world of gambling became a significant milestone. The sheer randomness, a large number of betting opportunities and the growing popularity were all catalysts in the growth of CSGO betting.
CS:GO Tournaments amass more than 21.77 million in prize money each year, making it one of the biggest collective prize pools in the field of competitive gaming
CS:GO has over 1,000,000 concurrent players as of 2020
CS:GO skins are some of the most volatile in-game collectables, some even reaching prices as high as $100,000
Professional CS:GO gamers are considered to be the very best in FPS thanks to the game's extremely high skill cap
The competitive side of CSGO is pretty complicated, but the more relevant/important tournaments are pretty easy to single out.
The premier, majors and minors are used to categorise different tournaments with each one having different prize pools and audiences. Premier events have the biggest influence and reach, with multiple sponsors and prizes that scale in the millions, some examples are the DreamHack events, Intel Extreme Masters and ESL pro leagues.
Major events include tournaments with much smaller prize pools that still have top professionals competing in them, certain Dreamhack tournaments and the annual ESEA Global Challenge are a few of them.
The minors are not that popular and feature significantly smaller prize pools, these are entry-level professional tournaments, and you would rarely see any high-level contenders in these.
If you are wondering which teams you should keep your eye on in these tournaments a few names you should be familiar with are FaZe, Liquid, Na’Vi, Ninjas in Pyjamas, Fnatic, Astralis and MIBR who have all performed exceptionally well in the past events thanks to their world-class rosters that hold some of the best to grace the game such as NiKo, FalleN, GuardiaN and s1mple.