Esports Odds Guide
Esports has become hugely popular in recent times, with hundreds of thousands of fans streaming thrilling contests between teams as they take each other on in games like CSGO, League of Legends and Valorant. As you might expect, the growth in popularity of esports has gone hand-in-hand with a surge in popularity of esports betting. Many punters all over the world are now taking a keen interest in esports odds.
Here, we’ll take a close look at esports odds for you. First, you can find out about how esports betting has grown in recent years and how to bet on esports. We’ll explain how odds reflect the probability of events occurring as well as indicating to you how much you can win on a bet.
What is Esports Betting?
Before we take a closer look at esports odds for you, it’s worth taking a few moments to briefly explain how esports betting works. In truth, if you already have some experience of betting on sports then you will have a good grasp of what esports betting entails. Many of the markets that you will come across when scanning the esports odds are quite similar to those that you will see if you already bet on sports like soccer or ice hockey.
How do Odds Work?
If you want to know about esports odds then you need to develop a good understanding of how betting odds actually work. Odds are basically a way of simply presenting to bettors how likely an event is to occur and how much money they will win if they bet on it and it does occur. When you are looking for esports odds you will see them written in three different formats. We’ll look at those next for you.
Fractional odds are how you will usually see odds displayed if you live in the UK or Republic of Ireland. The format is 2/1 or 3/2, and this is a fractional representation of the probability of an event occurring. If you bet $1 on a market where the odds are 2/1 then you will win $2 as well as get your stake back, giving you a total of $3.
Decimal odds are used in continental Europe mainly but some British and Irish punters prefer them over fractional odds as they can make it simpler to calculate your winnings. The number in the odds, such as 1.3 or 4.0, is the amount that your stake will be multiplied by if your bet wins. So if you place a $1 bet on a market where the odds are 4.0 you will win $4 plus your stake back, giving you $5.
American odds can seem a little confusing to British, Irish and European punters, as they follow a completely different format. If you see American style esports odds then you will see a number like +250 or -130. The plus number is the amount that you will win if your bet $100. The negative number is the amount that you need to bet in order to win $100.
Types of Esports Bets
As we’ve already said, if you’ve already done some betting on more conventional sports then you will already be familiar with the types of bet that you can place on esports events. If you’ve found some tempting esports betting odds online then you can place the following types of bets.
Outrights are very simple betting markets where you attempt to successfully predict the overall winner of a tournament. Although this is a very simple type of bet, you still need very good knowledge of the abilities and form of teams and players to be successful.
Bet on match results
This is another very simple type of bet that can be placed on individual esports matches. You use your knowledge and judgement to pick which team or player will win the match – it’s as easy as that. You can also combine several bets of this type on one coupon with something called an accumulator, which is a very good way of betting on favourites in the early rounds of tournaments.
When you are considering esports odds then you may also see markets for certain games such as which team will win the next map, or which player will make the most kills on a map or in the whole match. This type of market is often very specific to the particular esports game that you are betting on and it can therefore take a number of different forms.
This is where bookies try to even out games between teams who are not at the same ability level. In esports betting, this is usually done by adjusting the likely score that the bookies think a team will win by. So you might see Team A at +3.5 handicap and Team B at a -3.5 handicap. The bookie, in this case, thinks it like that Team A will win by at least 3.5 points. If you bet on them then your bet only wins if they manage to win by 3.5 points or more. Similarly, for your bet on Team B to win, they can lose the match but only by 3.5 points or less. If you placed bets on team sports like soccer or rugby league in the past then you will be familiar with this type of wager.
This type of fast-moving betting can be really thrilling, but you should only try once you have developed some experience of esports betting. You also need a live stream of a match to make it work properly for you. This is because live betting, sometimes called in-play betting, is where you bet on events in a match while it is taking place. You can bet on markets like which player will make the most kills or which team will win the next map based on their performance during the match. It’s fast moving and requires excellent knowledge of the games on which you are betting.
What is skin gambling on esports?
One type of bet that you can place on esports events is called ‘skin betting’ or ‘skin gambling’. This is where players of games like CSGO that are popular esports games can use their own skins to place bets. Skins are cosmetic items that change a character’s appearance, and there has been something of a flourishing trade in them in recent years. It is possible to use skins to bet on esports but we would not recommend this as there have been some controversies about this type of betting that make it a little dubious.
How do you find Good Value Esports Odds?
Making an effective esports odds comparison is a vital part of finding the best possible betting value. There is no real secret to making a good comparison and finding the best esports odds – you need to put in the work yourself if you want to find the best betting value.
You can use an online tool like an esport odds checker to help you, but in the end finding the best value will always come down to you using your judgement as an esports punter. You cannot rely on someone else to do the heavy lifting of finding the best esports odds. This is why you need to always apply the following principles when you are looking for the best esports odds.
- Research all the latest news and results.
- Carefully compare odds from at least two different online bookies.
- Check out esports specialist bookies like GG.bet and Unikrn as well as the likes of Betway and Bet365.
- Understand the esports games on which you are betting by playing them before you start betting on them.
- Keep emotion out of things as cold and clear logic is your best friend when planning bets.
Esports odds work in the same way that conventional sports odds do. They reflect the probability of an event occurring, and also inform you how much money you will win if your bet is successful. If you want to compare esports odds then it is a good idea to have accounts at more than one online bookie. That way you can find where the best value lies by using your experience and knowledge of esports. You need to follow all the latest esports news carefully so that you know where to find the best value bets – without that kind of detailed knowledge you’re always going to be betting blind.
Finding good value esports odds is not difficult as long as you keep your mind clear and calm and don’t let emotion creep into things. You will find that you bet successfully when you know as much as possible about the teams and players on which you are betting, and you have made a logical assessment of the value that the odds offer you.
Esports Odds FAQs
American odds can sometimes look strange to bettors from the UK and Europe. Odds of +400 on an American market mean that if you bet $100 you will win $400. If it was -400 then you would need to bet $400 in order to win $100.
Comparing odds and finding the best value is a vital skill for any bettor to possess. Most online bookies will offer pretty much the same odds, so it is important that you weigh up the options before you commit to placing any best. If you want good esports odds then bookies like Bet365 and Betway are good, as well as others like Pinnacle, GG.bet and Unikrn.
You do not need to calculate esports odds for yourself as the bookmaker will do this and offer their prices for each market. Odds are calculated on the basis of probability, but you also need to remember that the bookie will always ensure they make a profit by including a ‘margin’ – this is an adjustment to the odds to ensure that they will make a profit whatever the outcome of the event on which you are betting.
If you bet at a properly licensed bookmaker then odds are always legitimate. If you have any questions about the esports odds on offer at an online bookmaker then speak to their customer service team – they should be able to offer you clarity about all matters relating to betting at the site.