Esports betting odds are a crucial aspect of competitive gaming, allowing fans to place bets on the outcome of matches and tournaments. However, with so many different odds formats and calculation methods, it can be challenging to know where to start.
There are three main odds formats used in esports betting:
- Decimal odds: Decimal odds are the most common odds format in the world and the most popular format for esports betting. A number represents decimal odds; the higher the number, the less likely the outcome. For example, if a team has odds of 2.00 to win a match, they are twice as likely to win as they are to lose.
- Fractional odds: Fractional odds are another popular odds format, especially in the United Kingdom and Ireland. Fractional odds are represented by two numbers separated by a fraction line. The numerator represents the amount you would win if you bet on that outcome, while the denominator represents the amount you would need to stake. For example, if a team has odds of 1/2 to win a match, you will win £1 for every £2 you bet.
- Moneyline odds: Moneyline odds are the least common odds format in esports betting, but they are still popular in North America. A positive or negative number represents moneyline odds. A positive number indicates how much you would win if you bet $100, while a negative number indicates how much you would need to bet to win $100. For example, if a team has odds of +200 to win a match, you will win $200 for every $100 you bet.
Esports betting odds are calculated using a variety of factors, including the following:
- Team strength: The odds will be in favour of the stronger team. This is because the stronger team is more likely to win.
- Home-field advantage: The odds will favour the team playing at home. This is because the home team has a number of advantages, such as a familiar environment and crowd support.
- Injuries: If a key player is injured, this will hurt the team’s chances of winning. As a result, the odds will be adjusted to reflect the team’s reduced chances of winning.
- Public opinion: The odds will also be affected by public opinion. If most people are betting on a particular team, the odds for that team will go down.
- Historical data: Bookmakers will also consider historical data when calculating odds. For example, if a team has a good record against a particular opponent, the odds will be in their favour.
Using Odds to Your Advantage
Now that you understand the different odds formats and how they are calculated, you can use them to your advantage when betting on esports. Here are a few tips:
- Shop around for the best odds: Bookmakers offer different odds for the same event. Shopping around to find the best odds before placing a bet is important.
- Compare odds from different formats: It can be helpful to compare odds from different formats to ensure you get the best possible value. For example, if you’re betting on a team with odds of 2.00 in decimal format, you should ensure you’re getting at least odds of 1/1 in fractional format.
- Consider the odds before placing a bet: Before placing a bet, it’s important to consider the odds and make sure that you’re getting good value. For example, if a team is heavily favoured to win, it’s probably not worth betting on them unless the odds are very high.
- Don’t chase losses: If you lose a bet, it’s important not to chase your losses by placing more bets. This can lead to a downward spiral of losses.
- Set a budget and stick to it: It’s important to set a budget for esports betting and to stick to it. This will help you avoid losing more money than you can afford.
Here are a few advanced tips for using esports betting odds to your advantage:
- Look for value bets: A value bet is a bet where the odds are better than the actual probability of the outcome. For example, if a team has odds of 2.00 to win a match, but you believe they have a 60% chance of winning, this would be a value bet.
- Use hedging to reduce your risk: Hedging is a strategy where you place multiple bets on the same event to reduce your risk.