Online betting has become an entertainment trend for many people. In addition to sports and casino betting, we can now also bet on Esports. Just like traditional forms of betting, Esports betting has fairly simple gameplay and rules. Esports betting is even more time-efficient than regular betting. To win, you need to know the factors involved. The odds are one of them and it is considered the most important part. Esports betting is even more time-efficient than regular betting. So what are Esports odds? What kind of odds are there now? Let's find out more about this with the experts at Wintips right here.
What are Esports odds?
In essence, Esports betting is a ratio that represents the probability of a particular outcome. Of course, this is not an infallible measure: first of all, it is the opinion of the bookmaker. Bookmakers place odds based on a thorough statistical analysis of previous Esports competitions. Looking at the odds, you can immediately tell what the bookmaker thinks the likelihood of each event in a game is. The higher the odds, the greater the profit when betting on real money in Esports.
Esports betting is one of the fundamental factors in the world of Esports. The key factor that constitutes the odds in Esports is the expected value.
What is the expected value?
The expected value (EV) helps you determine if the bookmaker offers reasonable Esports odds. It represents a return from a bet. Bettors use this number to compare the odds offered by different bookmakers and find out where the bet will yield the highest winnings.
In Esports betting, the expected value is calculated by multiplying the likelihood of winning by the total amount that can be won. Then, subtract the likelihood of losing multiplied by the amount that can be lost when a bet is placed.
The formula for calculating EV is EV = (probability of winning) x (profit if winning) - (probability of losing) x (bet).
Types of Esports odds today
1/ Decimal odds
Decimal odds are one of the most common types of bookmaker odds. They are commonly used by Canadian Esports betting sites. If you go to an online bookmaker to bet on PUBG, you will most likely see Esports betting odds displayed as decimals. Decimal odds apply to just about anything in the world of Esports.
For example, if you bet £10 on Team Dignitas to win the Global Loot League in PUBG at odds of 7.00, you will get £70 back, including your initial stake. If you bet £5 on Optic Gaming to win their Dota 2 ROG Masters challenge at odds of 3.00, you will receive £15, including your initial bet. If you bet £5 on Optic Gaming to win their Dota 2 ROG Masters challenge at odds of 3.00, you will receive £15, including your initial bet. However, these outside bets are considered less likely, which is why this is always a risky betting strategy.
2/ Fractional odds
Bookmakers have been using fractional odds the longest compared to other types of odds. They are most commonly found when using Australian esports betting sites. There are two types of fractional odds: UK and Hong Kong. They differ slightly in their representation.
UK: Used by UK esports betting sites, British fractional esports odds have two numbers divided by a slash. The number on the right represents the stake, while the number on the left represents the potential profit.
Hong Kong: Even odds in this system are indicated by "1". If the odds are below 1, that signifies a higher probability of an event and vice versa. Therefore, if the odds of a team are 0.35, then that team is considered stronger: the more favored team.
Moneyline (USA): Used by US esports betting sites, American odds or moneylines are expressed in two ways. Before the odds, there may be a '+' or '-' sign. There is a significant difference between the two types of esports odds.
- Positive number odds: Adding a '+' sign before a number signifies that the probability of an event is low. It also indicates that the team is considered the weaker team with a significantly lower chance of winning the match.
- Negative number odds: If American esports odds have a '-' before the number, it means that the team has a higher chance of winning the match.
3/ Pint spread bet odds
Spread bets on points or handicaps are advantages given by sportsbooks to the weaker team before the match. It is done to balance the odds of both teams when one team falls behind. It makes the betting process more enjoyable and appeals to gamblers because the odds are higher for the losers in this case.
4/ Over/under (total) bet odds
Total betting odds are used for the total bet type and are expressed by American odds. They are set at -110, meaning you will risk $1.10 to win $1. Therefore, to win $100, you need to bet $110.
Differences Between Esports odds
Unlike traditional betting markets, live Esports betting allows bettors to place bets while matches are still in progress. The odds offered for this type of betting are called Esports live odds. The main feature that distinguishes them from standard odds is their versatility. They vary according to the performance of the teams in an ongoing match. All changes in odds will be reflected in the bet slip. Different betting markets are opened and closed in the process. Therefore, one needs to pay attention to avoid missing the opportunity to make profitable bets.
Factors that affect changing odds
A lot of factors need to be considered when calculating esports odds. Betting trends and tendencies, views of esports analysts, statistical analysis of previous teams' performances, and odds given by other bookmakers are just a few factors.
1/ Betting trends
Betting tendencies are certain beliefs or a series of behaviors common during betting time. For example, specific betting markets may be more popular than others. A new Esports title could become popular, prompting bookmakers to create more betting options for this game with more attractive odds. Esports odds providers should take this information into account.
2/ Competitors
Another factor that betting sites consider when presenting odds is the value of odds from other bookmakers. There are various esports odds providers; however, the difference in odds value is negligible as they all try to remain relevant and attract more gamblers.
3/ Match History
The prevailing trends of the esports industry are not the only factors influencing the variability of esports odds. Past performances and the history of teams and players are also considered. Statistical analysis of results from previous competitions is considered when determining the underdog and favored team for each match in a tournament.
5 bookmakers with the best Esports odds
1/ Stake.com
Stake is an Australian-based fintech startup offering commission-free securities trading, regulated by both the Australian Securities and Investments Commission (ASIC) and the FCA. Stake offers free stock and ETF trading in the US market. The account opening process is completely online and efficient. The trading platforms are user-friendly and well-designed. It is a good choice for beginner investors.
On the negative side, staking only offers stocks and ETFs that are limited to the US market. The provision of the customer service channel is substandard. We missed out on educational tools and materials to help clients better understand the capital markets and trading. Wintips gave Stake a rating of 4.5/5 based on an analysis of more than 500 criteria and testing through the opening of an esports betting account.
2/ W88
W88 Bookmaker is a reputable betting site that is always in the top 3 largest bookmakers in Asia as voted by the betting community. With high safety, security, and good service quality, W88 is gradually becoming the leading bookmaker in the world market.
Casino W88 was established by MARQUEE HOLDINGS LTD and licensed by the famous betting organization PAGCOR, with a representative office in the Philippines. With a long history of operation in the online entertainment industry, the W88 online betting site always provides the best betting services to customers.
3/ M88
Mansion88, or M88, is a popular bookmaker not only in Asia but also in Europe, recognized as a reputable bookmaker with over 15 years of operation in the online betting field. M88 has been in operation since 2003, is licensed by PAGCOR, and operates under strict supervision by the Philippine government and several other countries.
Website M88 Bookmaker offers a variety of popular products on the market, such as sports betting, online casinos, slot games, and attractive games. In addition to the prestigious betting address, M88 is also an important sponsor of some big teams such as Manchester City 2011/12, Crystal Palace 2015/17, and AFC Bournemouth 2016/20.
4/ BETWAY
BETWAY, an online casino bookmaker brand specializing in providing the leading online betting products on the market today, is loved by a large number of players, not only in Asia but almost everywhere it operates. In the beginning, Betway.com was just a small-scale casino established in Malta in 2006, specializing in catering to enthusiastic players at that time.
Leading licensing authorities in Europe such as the UK Gambling Commission and Malta Gaming Authority, 2 names that are not too strange in the top entertainment and gambling management circles in the world today.
5/ FB88
The FB88 is the bookmaker ratings in Asia and one of the reputable betting sites trusted and chosen by many players. The FB88 bookmaker is legally licensed by the General Administration of Entertainment and Gaming in the Philippines (PAGCOR) and has been operating for more than 5 years in many countries around the world. FB88's homepages are known to players by many other names, such as FB88max, FB88 TV, FB88you, FB88go, and FB88 vaobocom. However, to avoid visiting fraudulent sites, we recommend that you visit the FB88 bookmaker links at vaobo.com to ensure the safest and most accurate information.
FB88 was born to meet the growing demand for online betting in the world, providing a variety of betting forms such as football, cards, esports, lottery, slots, and many other interesting betting platforms for customers. It brings the best experience to new bettors as well as veteran bettors.
Conclusion
Above is all the relevant information about the esports odds that you need to know. Try to memorize and perform them masterfully to become an expert soon. There are many other good and attractive content on Wintips. I hope you will take the time to learn and refer to more. Thank you for your interest.
