For those who want to know what chess betting is, the answer is simple. It refers to the act of betting on the chess match results. Bettors can wager on who they believe will win the game or whether or not there will be a draw.
History and popularity of chess betting
Chess has been around for a very long time, with records dating back to the 6th century AD. Back in those days, chess was not so much considered a game of skill like it is today; rather, it was viewed as more of a game of chance that required very little mental prowess.
These days, the opinion of chess has changed dramatically. The game is now seen as an actual test of mental skills and strategy, making it much more difficult to predict the outcome of a match.
This shift in perception has not done much to deter punters from wagering on chess matches, as it is still a very popular online betting activity. However, bettors need to understand how the game works before placing bets online.