Getting Started on Online eSports Betting Odds and Favorites

Getting Started on Online eSports Betting Odds

Written by on July 21, 2017

If you are a newbie to online eSports betting and you are looking to find your footing in the word of eSports odds, then look no further. In this sports betting guide, we will walk you through the basics of eSports betting odds and teach you about the best eSports games, tournaments and leagues to bet on.

Getting Started on Online eSports Betting Odds and Favorites

 
 In brief, eSports is a short form of the term electronic sports, which basically refers to sports played via electronic systems, often in video game format. In most cases, eSports matches and tournaments involve professional players/teams competing against one another in the form of multi-player video game formats.When choosing the type of eSports game to bet on, it is extremely important that you are familiar with the game and related gaming aspects such as real-time strategy, Multi-player Online Battle Arena (MOBA) and First Person Shooter (FPS). It is through the knowledge of such details that you’ll be able to place your online wagers on the eSports odds in a correct way and increase your chances of winning your bets.

Online eSports Betting Odds Explained

Your winnings when betting on eSports are usually determined by two major factors; how much money you bet and the odds you bet on. The money is basically dependent on you while the betting odds you choose depend on your bookmaker. And owing to the diverse nature of eSports games and different betting rules that come with different bookmakers, eSports odds can be represented in a variety ways.Even so, most eSports betting sites represent the odds in the following three formats:
  • Decimal odds
  • American odds
  • Fractional odds
Of the three formats, decimal odds are the most popular amongst online bookmakers, largely based on their simplicity and their acceptability as the most commonly used format when calculating how much one stands to win. It is on this account that we’ll be using decimal odds to explain the nature of eSports odds.The most important thing you need to remember about decimal odds is that, the higher the decimal odds, the lower the probability it is for a player/team to win. Conversely, the lower decimal odds, the higher the probability it is for that player/team to win.For example, if you have Team A and Team B competing against each other in an eSports match/tournament, and Team A has the odds of 1.80 while Team B’s odds is 2.40; then the inference is that Team A is more likely to win the match compared to Team B.

How Are eSports Decimal Odds Calculated?

To calculate how much you stand to win from such decimal odds, all you need to do is to multiply the value of the odds by the total amount of stake you wager at your bookmaker. If, for example, you place a $1000 wager, then your potential winnings will be as follows:
  • Team A Potential Winnings: 1.80 x $1000 = $1800
  • Team B Potential Winnings: 2.40 x $1000 = $2400
From the above example, Team A has the potential of bring in a profit of $800 plus the $1000 stake, while Team B’s profit is $1400 plus the $1000 stake.Besides showing you how much you stand to win, decimal odds can be used to work out the probability of an outcome in an eSports betting event. This can be simply done by dividing 1 by the decimal odds, as is exemplified below:
  • 1/1.80 = 0.55 (which means a 55 percent chance of a winning outcome)
  • 1/2.40 = 0.416 (which means a 41.6 percent chance of a winning outcome)
In some instances, the probabilities of the outcomes from the two sides may add up to over 100 percent. This mostly happens when there is a juice (bookmaker’s margin) added to the eSports betting odds, so you shouldn’t be too bothered about the deviations, unless of course the juice is abnormally high.Online eSports Betting Games, Leagues and Tournaments to Bet On

Online eSports Betting Games, Leagues and Tournaments to Bet On

When it comes to choosing eSports games to bet on, it all really boils down to preferences and knowledge about the game. While one punter may be fond of Dota 2 and considers it to be the best game, another may be all about Counter Strike: Global Offensive (CS: GO). So rather than list the best games to bet on, it’s generally recommended that you try the games you are interested on, and then settle on the one that seems to be working best for you (especially with regards to bringing in good winnings for you).That being said, here are some of the most popular eSports betting games in the world today:
  • Dota 2
  • CS: GO
  • Starcraft
  • Call of Duty
  • Heroes of the Storm
  • League of the Legends
Like games, there are several eSports Tournaments and Leagues to bet on (depending on preference), with some of the popular ones including:
  • Dreamhack
  • Capcom Cup
  • UMG Gaming
  • The International
  • Intel Extreme Masters
  • Major League Gaming
  • European Gaming League
  • Electronic Sports World Cup
  • SMITE World Championship
  • Battle.net World Championship Series

Afterword on Online eSports Betting Odds

With big prize moneys, superstar status to best players and millions of dollars continually being invested in the increasingly growing industry, it doesn’t take a genius to say that eSports betting is here to stay. You wanna join the thousands of people across the world that are minting millions by simply placing wagers on eSports odds? All you have to do is register for a betting account (assuming you don’t have one already) and get started.
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