While Heroic’s CS:GO team has been performing on a very high level in the past six months, the financial aspect of the organization has been struggling. The situation is so dire, that Heroic today at 16.00 (CET) has invited investors for an extraordinary general meeting to try and raise new money.  

In the [link:{"url":"https://www.notc.no/eng","isNewTab":true,"text":"notice"}] to the shareholders, a statement from the 30th of January is referenced:

- "In this regard, reference is made to the extraordinary general meeting of the Company, on 30 January 2023, where the Company's former CEO, Joachim Haraldsen, made account for the Company's need for additional capital, and that the Company will need NOK 80 million to sustain its business until the end of 2025, of which, a minimum of NOK 10 million will be needed before summer 2023".

NOK 80 million is equavilant to $7.5M. Also worth noting is the description of Joachim Haraldsen as the former CEO. After contacting Haraldsen, he clarified the statement, which should have read chairman instead of CEO.

Joachim Haraldsen is the founder of Omaken Esports, which acquired Heroic in February 2021. The company recently withdrew its PUBG team citing that “continuing to compete in PUBG is no longer sustainable for the organization”. 

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Heroic has not yet revealed its annual report from 2022 but in 2021 the loss was estimated at NOK 25 million equivalent to $2.34 million for the two companies Heroic AS and Heroic Group AS. The combined cash balance for the two companies was "just shy of NOK 37.5 million" at the end of 2021. Since the launch on the NOTC-list in February 2021, Heroic has increased the number of shares from 10.125.000 to 17.956.318. A number that could increase even more with today's meeting. The stock price has dwindled down from NOK 19.76 per share to NOK 0.8 at the same time.

The extraordinary general meeting will be held today at 16.00 (CET).

Note: We have reached out to Heroic to allow them to comment on this article since Saturday, but they have not returned in time for this publication. 

The good new for Heroic is that in the world of esports, sponsorship and investment opportunities abound, particularly for [link:{"url":"https://newcasinouk.com/","isNewTab":true,"text":"new online casino brands"}] looking to broaden their market presence. The financial predicament of Heroic positions them as an ideal candidate for such partnerships. Such a collaboration would be mutually beneficial, offering Heroic much-needed financial support while granting a new online casino operator access to a dedicated esports audience.

Betting on CS:GO is not a new thing. The past 3-4 years have been explosive – but the start was actually around 15 years ago.

In the mid-00’s the most innovative of the sportsbetting companies took betting on eSport on – as a natural development in the years that also saw the introduction and growth of online casino, online poker, and live betting. One of the first companies to hire an eSport product manager was Bet24 (later to be bought by Unibet), and it was also Danes who 15 years launched the first online betting site with a firm focus on eSport betting: XLBet. XLBet focused on betting on Counterstrike 1.6 – but although the idea was good … it was too premature. No sports punters really took it on – and the computer nerds weren’t really a betting target group.

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XLBet with betting offers for ‘Counter-Strike 1.6’, ‘Counter-Strike Source’, and ‘Warcraft 3’

After the less successful start in the 00’s the interest – and success – rose up through the 10’s. The two main reasons for that has been the commercial growth of the online game CS:GO and the live coverage of the matches.

Commercial growth: One of the most important things in all sorts of betting is that the punters believe that the bet is fair and square. That the results can’t and wont be tampered. The forming of the big tournaments commercially – with big price pools – helped a lot. Now ‘the sport’ had games where punters were 100% sure that everyone wanted to win.

Live coverage: Back in the 00’s it was hard to follow the sport, players, teams and games. But with Twitch and also traditional online/tv medias interest in showing the best matches live … the betting became much more interesting. To bet on something – to get the full experience, you will have to watch it.

More and more betting companies now started real marketing efforts in order to grow betting on CS:GO (eSport). Even the State-owned companies. Again Denmark was in the front, and Danske Spil launched eOddset as a special brand variant of their sports betting brand, Oddset.

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The eSport betting brand of Oddset in Denmark

Due to the commercial growth of the sport and the unique livestream performances of Twitch and others – eSport (with CS:GO as the clear no. 1) now is the 4th or 5th most popular sport at most of the big sports betting companies.

Late in the 10’s and up until now the market has seen a number of new betting company who – like XLBet 15 years earlier – have a sole or prime focus on betting on eSport and CS:GO. Two of the biggest successes are GGBet and LootBet.

Although the bets on a CS:GO match obviously looks like the bets of a football match – the new eSport betting companies presents the bets in a way that speaks to the CS:GO punter and player.

Try to take a look for yourself at GGBet.

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Want to know more about the history of CS:GO betting? ✔️Find everything you need to know about CSGO betting right here

The History of CS:GO Betting ⇒ Read all about CSGO betting here

If you are looking for betting tips CSGO, then you have come to the right place! On our website, you will find tons of necessary information regarding CSGO betting. We will present you with some essential betting tips CSGO, statistics, best CSGO betting sites, basics, CSGO’s variety of betting markets, and much, much more. Stay tuned and be ready to become a CSGO betting expert, because that is what we are aiming for.

CSGO – The popular first-person shooter game

CSGO, or Counter-Strike: Global Offensive, is one of the most popular games that exist out there. But what is it all about? In the game of Counter-Strike, a team of Counter-Terrorists who are the ‘good guys’, oppose the Terrorists in-game and fight for victory. Today, CSGO is also an esports discipline, which means tournament organizers are arranging massive Arena tournaments all around the world, with huge prize pools that teams are fighting to get a share of. For example, the popular Valve Major Championships offers $1m prize pools. As you probably already know, those are serious amounts and it is not surprising that bookmakers don’t ignore CSGO. CSGO betting and the whole Esports industry is serious business and many people are risking their hard-earned money in hopes of making a profit.

What to keep in mind before betting in CSGO

Before we explain some betting tips for CSGO, we want to present you with an approach to mastering CSGO. It is by far the best thing to do before starting to bet on CSGO.

Which tournaments in CSGO are the most important ones?

When CSGO was released back in 2012, the game’s developer and publisher, better known as Valve, announced plans for the CSGO Majors. Even though the CSGO Major Championships are the ones who attracts the most viewers and amount of attention, you can still find betting tips CSGO for many other kinds of tournaments and leagues. The CSGO competition hierarchy can be difficult to understand and even confusing at times, so here are all the tiers you should now, consider betting on, or even finding betting tips CSGO to.

: CS:GO Major Championships, ESL One, DreamHack Masters, ESL Pro League, BLAST Premier. These are by far the most popular competitions in CSGO and the ones who feature the best of the best. Most of the time, they are all played exclusively online, and often have massive prize pools up to $1M.

 DreamHack Open, Continental Minors, Moche XL Esports, Champions CUP, ct_summit, Game Clash Arena. Most of these tournament lead to a spot in the Majors or other S-Tier event that are mentioned above.

Telia Esports Series, ESEA, Rainmaker Open, Gamers Club Masters, Elisa Invitational, ESL Masters Spain. When these tournaments are ongoing, you will be able to find more volatile odds from the bookmakers due to not all teams and players being well-known. Many think that the B-Tier CSGO events are the best ones to bet on.

Baltic Masters, 99Liga, LEGENDS.BET L33T Cup, Lantrek, OMG.BET Series. Mostly national leagues and qualifiers.

You will probably notice that nearly all CSGO betting tips are usually targeted at the best teams in CSGO. It is therefore important for you to know who’s the best in CS:GO, if you are interested in being able to win your CSGO bets. This knowledge about the best teams in CSGO will help you choose the proper risk-averse bets, which you need to be able to create a stable foundation.

-          Natus Vincere (s1mple, electronic, Boombl4, Perfecto, and B1T)

-          Gambit (Hobbit, inters, Ax1Le, sh1ro, and nafany)

-          G2 Esports (JACKZ, NiKo, huNter-, Aleksib, and m0NESY)

-          FaZe Clan (karrigan, rain, Twistzz, ropz, and broky)

-          Team Vitality (apEX, ZywOo, dupreeh, Magisk, and misutaa)

-          Virtus.pro (buster, Fl1T, Qikert, Jame, and YEKINDAR)

-          Heroic (cadiaN, refrezh, Stavn, TeSeS, and sjuush)

-          Ninjas in Pyjamas (es3tag, REZ, hampus, Plopski, and phzy)

-          Astralis (Xyp9x, Gla1ve, k0nfig, BlameF, and Farlig)

-          OG (valde, nexa, niko, mantuu, and flameZ)

-          Entropiq (NickelBack, Krad, Lack1, El1an, and Forester)

-          Berlin International Gaming – BIG (tabseN, tiziaN, syrsoN, k1to, and faveN)

-          Mousesports – MOUZ (NBK-, dexter, frozen, torszi, and Bymas)

-          FURIA (arT, yuurih, KSCERATO, saffee, and drop)

-          ENCE (Snappi, Maden, dycha, hades, and Spinx)

-          Fnatic (KRIMZ, ALEX, Brollan, mezii, and regali)

-          Copenhagen Flames (HooXi, nicoodoz, roeJ, jabbi, and Zyphon)

-          GODSENT (TACO, felps, dumau, b4rtiN, and latto)

-          K23 (neaLaN, xsepower, n0rb3r7, X5G7V, and fame)

-          forZe (Jerry, zorte, shalfey, KENSi, and Norwi)

-          HEET (body, Lucky, Djoko, Ex3rcice, and afro.

-          ECSTATIC (FASHR, Daffu, WolfY, birdfromsky, and maNkz)

-          Complexity (JT, floppy, Grim, Junior, and FaNg)

-          Wisla Krakow (SZPERO, snatchie, jedqr, Goofy, and Sobol)

-          Sprout (raalz, Spiidi, slaxz-, Marix, and Staehr)

-          Dignitas (f0rest, friberg, Lekr0, hallzerk, and HEAP)

-          GamerLegion (Zero, RuStY, iM, eraa, and isak)

-          Apeks (STYKO, AcilioN, jkaem, nawwk, chawzyyy)

-          SKADE (bubble, dream3r, SHiPZ, dennyslaw, and Rainwaker)

-          BLUEJAYS (stYleEez, dan1, CacaNito, kyxsan, and aidKiT)

As with all kinds of sports betting, there are naturally plenty of good tips and tricks the become a betting expert. We have collected some of the best betting tips CSGO right here:

First and foremost, it is important to understand that CSGO maps can have a massive effect on specific matches outcome. There are huge differences on maps and there are any similar to each other. Each map in the CSGO map pool is designed to give either one of the sides (CT or T) advantages and disadvantages. Therefore, you need to pay attention to how teams are performing on each map, especially the team you want to bet on. This will give you a great insight in specific teams.

2. Study the strengths and weaknesses of a team

Get to know the teams you want to bet on! Every single team in CSGO has their own kind strengths and weaknesses. This is one of the best betting tips CSGO. Don’t just bet on a team without knowing their potential in-game. Then you will probably end up losing your bets and hard-earned money. Maximize your winning chances by studying teams. 

When you have got a clear understanding of the teams and maps in CSGO, then it is important to research about how good a specific team is on a map, for example Dust2. You will be able to find all kinds of statistics online of how good teams are on several maps in the CSGO map pool. This will help you qualify your CSGO bets.

Compare past match results between two teams

If you compare the past match results between two specific teams, you will get an understanding of which one of the teams usually plays best or who are most likely to win. You can also check out player stats to see if any player had a stellar performance that helped them secure the victory. What if the two teams haven’t ever played against each other before? Then compare their statistics against other teams.

Be aware of the format regarding a specific match

In CSGO, there are different kinds of formats in which the matches are played. Most of the times, the type of format can very well influence the result of the match. For example, the Bo1 (Best of One) format usually have an increased chance of an unexpected result, where the underdog steals away the victory. In most cases, Bo3 (Best of three) format has an increased chance of the favorite winning. The notorious Bo5 (Best of five) format offers a hard test for any team in CSGO. It is very difficult to be consistent across five different maps in CSGO.

Do you want some betting tips in CSGO to get the foundation for your betting in CSGO? ✔️Find everything you need to know about CSGO betting here

Betting tips CSGO ⇒ What to keep in mind before betting in CSGO

Then you have come to the right place! Right here in this article about CSGO live betting, we will help you become ready to start your CSGO live betting adventures. This article contains information about CSGO live betting, basics of CSGO, CSGO betting tips, and much more. Stay tuned because we are going to make sure that you become a CSGO live betting expert. Our aim is to help you understand how easy it actually is to live bet on CSGO.

CSGO live betting is a wonderful experience. It allows you to watch a CSGO match before placing your bets. You have a good opportunity to hear commentators from the analysis desk talk about the match, which sometimes can help you get a good understanding of how the match is going for a specific team or player.

Live betting is perhaps the biggest upgrade that ever has taken place in the world of sports and esports betting. Live betting involves placing bets after a match has started. This form of betting offers bettors the ultimate betting experience by letting them place bets in real time.

Counter-Strike: Global Offensive, or CSGO, is one of the most popular esports titles for live betting. This is due to a couple of reasons, including CSGO’s simplicity and lucidity in gameplay, and rules. To effectively live bet on CSGO, you must first research the teams in the game as well as their strengths and weaknesses. This will provide you with particular knowledge about how to overcome certain challenges during the live play.

CSGO live betting is the same as traditional sports live betting

You might think that CSGO live betting is a bit different compared to traditional sports live betting. But the truth is that it is actually just the same. As you slowly start getting used to watching CSGO matches, you will quickly find out that CSGO live betting is just the same as betting on any other traditional sports. Making a bet live bet on CSGO or winning your live bet is exactly the same as making or winning a traditional live sports bet. One of the biggest advantages of CSGO live betting is that it is much more interactive with live-streaming, social media, CS communities and more from the CSGO betting bookmakers that makes CSGO betting a good experience for every single one of their users. There plenty of popular tournaments in CSGO with huge prize pools – You can live bet on every one of them.

This is one of the most important things! All your strategies and live bets get thrown in the water if you aren’t dealing with a trusted and well-known bookmaker, who takes great care of his customers. It is absolutely crucial to choose a bookmaker who is trusted, reputable, and offers quick and safe payment options, as well as good coverage of CSGO tournaments.

Things to keep in mind when live betting on CSGO

Here are some of the most important things you should keep in mind when CSGO live betting:

There are some great opportunities to make profit on CSGO live betting. Here are some of the methods:

 Many CSGO live betting sites will not provide you with the opportunity to round bet on live CSGO matches. But you should definitely take advantage of those who will. Be aware, that if you want to place your bets on round betting, you should study how the CSGO economy works. In general, bookmakers will only provide round betting on the third or fourth upcoming round, but towards the end of the match, the CSGO betting odds will start to get sloppy. This is when your understanding of the economy pays off. For example, if one side is losing a given round and previous rounds have been back and forth with neither one of the team being able to establish a good economy, it is logical to think that the side that loses the round will most likely save their weapons, or die in worst case. This essentially indicates that the losing team has between $1400 and $1900 to buy weapons with and simply can’t afford rifles. Your knowledge of the game should also tell you

 If you are a CSGO fan, you have probably been a witness for many comebacks in professional CSGO matches, or maybe even pulled off some insane comebacks on the server. The same with professional CSGO players. Especially, those who have played a lot on the maps where one side of the map is heavily favored compared to the other. On Nuke, for example, the CT-side is heavily favored, just as it is on Inferno. On the other hand, CT-side of Train is also a lot stronger than the T-side. In terms of betting, teams often don’t mind when only winning around 4-6 rounds on Nuke for example. That is a lot of rounds to work with, and most of the teams believe in their abilities to turn it around on the favored side. Be aware that it is not smart to go big with halftime odds. They are not as secure as round betting, but it is still a good way to make some profit on CSGO live betting.

How much should I start CSGO live betting with?

Starting out with an amount that you are willing to lose if everything goes wrong is a very good idea. Then you will know when to stop if you set a specific amount in your mind. For some people, this is $150, while for others, it is $5. Make sure you are comfortable with the amount you are starting with, so you can afford to lose if your CSGO live bet goes wrong. If you end up losing the full amount on CSGO live betting, you should consider taking a break for at least a week before returning to CSGO live betting. You should be able to handle losses at all times!

What should a good CSGO live betting site offer?

Every CSGO live betting site should provide you with plenty of different CSGO live matches to choose from. They should not limit you to only Major events for example. You should only live bet on CSGO live betting sites that are offering CSGO live betting on many different leagues and events. Due to the reason that you are looking for the best odds on CSGO live betting, you should only sign up at bookmakers who offer numerous odds on all kind of CSGO matches.

- Losing is a part of CSGO live betting, never get tilted when losing

Many bettors prefer CSGO live betting because of how exciting and interesting it is, but because of how profitable the bets actually are. The benefits of CSGO live betting are quite numerous; go on and experience it yourself.

One of the most important things to understand, like with all other types of casinos and betting, is that winning every single bet is nearly impossible. Tilting is a poker slang term that refers to when a player becomes frustrated or angry following a run of losses. Tilting causes you to make poor decisions, which you should never do and should avoid at all costs when live betting in CSGO. After a few defeats, even the most experienced and accurate CSGO live betting experts can end up losing their cool. Due to emotional and irrational bet decisions, this frequently results in a losing streak.

Here are a few pros and cons to CSGO live betting:

- Allows bets before big momentum shifts on the server

To live bet on CSGO matches or gamble in general, you must be over at least +18 years old. CSGO live betting can lead to addiction, so if you feel like you have a gambling problem, you should seek professional help. Play responsibly, and bet with your mind rather than your heart. Play only with money you can afford to lose; CSGO live betting should be enjoyable, not harmful.

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CSGO Live Betting ⇒ Learn more about live betting in CSGO here

Are you looking for some proper CSGO betting advice that will help you when betting in CSGO? Then you have come to the right place! On Pley.gg you can find a useful CSGO betting section filled with information and CSGO betting advice.

CSGO betting is not any different from traditional sports betting. Right below you can find some good CSGO betting advice that will help you become a CSGO betting expert.

- Get used to winning and losing your CSGO bets. This CSGO betting advice is one of the most important ones that you absolutely have to stick to. You probably think it is easy, but many people who at some point hit a losing streak will often get tilted and cannot control their emotions. This often results in losing bets. If you are able to control your emotions and don’t get tilted, you will most likely succeed. Always stay calm and focused.

- Do the necessary research. Never be lazy. If you are interested in becoming a CSGO betting expert, you have to do research and invest your time into it. Here are some things that you should research about when you want to bet on CSGO matches: Team form, map pool, past matches, odds comparison, and head-to-head.

- Learn about CSGO. If you haven’t played the game yet and don’t know anything about it, you will never succeed with your CSGO bets. Get an understanding of different aspects of the game, economy, weapons, statistic etc. You can read everything about CSGO here on our website.

- Find proper odds. This is a very important CSGO betting advice that will help you make profit from CSGO betting. You probably think that slightly better odds don’t mean anything, but over time you will realize how much money you have missed out on.

Live betting is when you make a bet whilst a match is already ongoing. This type of betting has been around for many years, but it is relatively new to the world of CSGO. For many CSGO bettor, CSGO live betting is even more exciting than placing your bets before kick-off. CSGO live betting provides CSGO bettors with a great opportunity to make more profitable CSGO bets. You might be able to figure out which team has the upper hand if you wait and observe how the early rounds play out, and then bet based on that bit of information. There is a chance that the odds for CSGO live betting markets will not be as excellent as they were before kick-off, but your chances may actually be better. The conclusion is, that CSGO live betting provides a good opportunity for CSGO bettors to bet on different game outcomes. This can definitely increase your excitement when you are watching a CSGO match.

- Pros: You can take advantage of the momentum shift in-game. Bet on higher odds when favorites are behind. You can also bet on the winners of individual rounds.

- Cons: Fewer CSGO betting markets than traditional sports betting.

Live betting and esports – A good match

Live betting and esports are like a match made in heaven. Many people really enjoy to live bet on esports titles such as CSGO. Some of the reasons for this might be that it is very exciting to watch CSGO live and everybody have the opportunity for making profits while the game is ongoing. Nearly all bookmakers will allow you to place live bets on any esports title.

If you search on the internet, you will always be able to find plenty of CSGO betting advice, and there is a good chance that you might even get overwhelmed by all of the CSGO betting advice when researching. On Reddit, a lot of people are discussing CSGO betting advice and predictions. By reading the CSGO betting advice threads you will get an understanding of all the important factors that can influence the outcome of a CSGO match.

If you are interested in starting your journey with CSGO live betting, then it only makes sense that you start watching the matches live on Twitch or any other streaming platform. CSGO matches and tournaments are being live-streamed every single day on different platforms. Twitch is typically the best plays to stream CSGO matches.

Nearly all of the tournament organizers stream all the CSGO matches from their events on Twitch. But in some rare cases, you may need to look for tournaments like ESL on Facebook. Another option that is available for CSGO live streaming, is through bookmaker’s website. Some bookies like Pinnacle, offers CSGO live streams on their website.

On Pley.gg you will find a wonderful CSGO betting section, filled with CSGO betting advice, tips, information, and much, much more. What are you waiting for? Jump over to our CSGO betting selecting right now!

A good CSGO betting advice - Only bet at trusted bookmakers

It is very important that you only bet on CSGO at trusted bookmakers, who have a good reputation in the esports industry. All of the CSGO betting advice that you have read about and strategies will get thrown right in the water if you are not betting at a trusted bookmaker. Some shady bookmakers do not take care of their customers and it is therefore very important that you select a bookie, who is reputable, offers great customer service, quick payment options, and good event coverage.

Proper CSGO betting advice can literally change your future when it comes to CSGO betting. If you do your research and have knowledge about the game, you will increase your chances of profiting from CSGO betting very quickly. Since CSGO is a rather complex game, there is a lot for you to learn as a CSGO bettor. Especially, if you don’t know anything about it or haven’t played the game. Study about the game’s economy and other important things. And make sure to analyze every single CSGO match you want to bet on.

- Make your own CSGO odds and compare to other bookmakers

A great piece of CSGO betting advice would be to never overthink your bets, especially the ones that are already placed. Doing good research on a CSGO match, planning your CSGO bets, and comparing relevant statistics and information is one thing, but overthinking your bets is a different pair of shoes. It is obviously a no-go. Overthinking your bets can make you counter them, which is a horrible idea. In most cases it will drive you crazy and make you lose bets. Always keep things simple and don’t overthink too much.

If you don’t know anything about bankroll management, now is the time to learn! Trust us when we say that you need to understand proper bankroll management. It will give you a whole new perspective on CSGO betting. In other words, bankroll management is the betting strategy that will change the way you bet. The principle is straightforward and very simple to understand.

Betting in CSGO and other esports titles requires knowledge and in-depth understanding, especially if you want to succeed in your CSGO betting endeavors. The learning process of CSGO betting is ongoing and never-ending. When learning the most important things about CSGO betting, you will quickly improve with practice. Pley.gg are here to provide you with all the proper tools to help you develop the skills necessary for becoming a good CSGO bettor.

If you are looking for even more CSGO betting advice or any other type of information regarding CSGO betting, then head over to our CSGO betting selection on our website, which include all kinds of information, tips, and tricks for CSGO betting. Be prepared to becoming a CSGO betting expert. Remember that gambling is only for people over 18 years.

We will give you usefull CSGO betting advice ✔️ Become a betting expert with our relevant betting advices for CSGO

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The company has called for an extraordinary general meeting later today. The Organization needs money before the summer to continue its operations.

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