Esports Betting and Odds
Esports Betting and Odds
Last Updated: April 4, 2024 10:14 pmIf you’re a bit of a gamer, one who’s looking to place bets on your favorite teams, then yes, some sportsbooks allow you to make such a wager. However, if you’re not a big fan of betting on sports or taking a trip to the casino, e-sports betting might be right up your alley.
First, let’s explain what exactly esports are.
Esports refers to the world of competitive and organized video gaming. Competitors from different leagues and teams face off in popular online games, such as Fortnite, League of Legends, Counter-Strike, Call of Duty, and popular EA sports games.
These competitions are often viewed online through popular live streaming services. And these types of events are quickly growing in popularity. In 2019, over 380 million people worldwide watched esports events. So with esports on the rise, let’s embark upon an adventure and see what certain bets and odds you may see on your sportsbook.
Individual Bet
Here’s an easy wager to make. An individual bet is placed on a person playing the same game as their opponent. For example, person A is favored -160 over person B to win the match. This means that if you wager $160 on Person A to win over B and are correct, you win $100.
Future Bets:
If you’re confident that a person or team will win a tournament, then here’s a bet for you. A future bet is placed before the tournament, and it will only cash if the selected person or team wins the entire tournament. So, if you choose team A to win at +200 odds, you will win double whatever your wager amount is.
Spread/Handicap Bets:
Often, some teams are far superior to others when tournaments are played. For example, team A is -500 against team B in the first round. If you were looking to make $100 on team A, you would need to wager at least $500. Instead of putting down a lot for a small return, you can opt for a spread or handicap bet. This is where the odds are a bit more even. For example, team A is -3.5 (-120 odds) ATS favorites over team B. In other words, team A has to beat team B by at least four games for this wager to cash. However, the odds are smaller. So now you can wager $120 to win $100.
FAQs
There are various types of bets available for eSports, including match winner, total number of rounds, map winner, and first blood/kill. Live eSports betting also offers complex markets like total maps played. Always research before placing bets, as bookies provide live stats and streaming to assist bettors.
The best way to choose an eSports betting site is to find sites that cover a wide range of eSports tournaments and events that you are interested in, offer competitive odds, and have features like live streaming and cash-out options. It’s essential to choose a site that fits your betting preferences.
Odds can be displayed in three different format: Decimal, fractional, and American. Understanding these formats is crucial for making informed bets. For example, decimal odds indicate potential winnings including your stake, while American odds show how much you can win on a $100 bet or how much you need to bet to win $100.
Experienced bettors often recommend using multiple sites to take advantage of different games, betting limits, and bonuses offered. This strategegic way of thinking increases your chances of finding the best deals and odds.
It’s essential to make data-driven decisions, follow reliable eSports tipsters, and understand various betting markets. Avoid sticking to one type of bet and explore multiple markets to maximize your chances of winning. Also, manage your bankroll wisely to keep betting fun and avoid financial issues.
Proper bankroll management involves being aware of your funds and betting within your limits. Avoid betting money you cannot afford to lose and keep track of your bets to prevent gambling problems.
Following tipsters can provide valuable insights and predictions for your bets. However, it’s important to assess the facts for yourself and not blindly follow someone else’s bets. Choose tipsters with a good track record and knowledge of the games you’re betting on.
Improving your strategy involves researching games, understanding odds, and learning from your betting history. Utilize statistical data and insights available from various sources, including predictive analysis and historical performance of teams and players.
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