Esports odds are becoming increasingly popular and everyday esports betting sites offer a great diversity of options to choose from. With esports betting odds continuously growing, it is necessary to know everything about the betting sites to get the best esports odds. Every aspect is important to consider before placing bets for the best possible experience, which is why you will find below a detailed guide on the esports betting odds you need to know.
The best thing is that this guide will be useful to you no matter what esports you are interested in. For specific odds, you can visit our pages on Dota 2 odds, LoL odds, Overwatch odds, or CSGO odds. With these esports betting tips, you will be able to get the best odds easily. And, here we can be your esports odds provider:
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What are Esports Odds?
Esports odds are simply a value that will help determine how much you will earn on a bet; based on the chances of something happening. Currently, esports betting is constantly growing due not only to the ability of these games to fill entire stadiums with spectators, but also thanks to the incredible betting prizes that can amount to billions of euros.
Different types of esports betting odds
Before you get started in the world of esports odds, it is necessary for you to know the types of esports betting odds that exist. These are three and you will always find them on the different esports betting sites that will display all your odds in your favorite format within your accounts.
This means that if you select one type of odds on the screen, all the odds shown below will most likely be in the same format. This way all bettors benefit from the simplicity of the process.
Below you will learn about each type of betting odds available for you to select the one that best suits your winning strategy.
Decimal odds
This is the most common type of betting odds, in which the odds are shown on the screen through decimals. These decimals indicate the payout of the successful bets with an esports odds comparison of 1.0. This means that if the odds have shown were 1.2 and your bet is £10 your winnings would be £12.
This type of odds is preferred by many because they are easy to understand as the numbers are simple to read and generally clear to all participants. In addition, it is common in this betting odds for punters to place whole value bets that are simple to round up. This makes decimal odds easy to compare to a value of 1.
Fractional odds
Fractional odds are the most commonly used odds in the UK and consist of what returns you will receive in relation to £1. For example, a 4/1 odd will return the customer more than a 3/1 odd, if you successfully bet £10 on both odds you will have a profit of £40 and £30 respectively.
American Odds
As the name suggests, these are the most commonly used by Americans, they are also known as money line odds or simple lines. In them there are two factors that are considered when reading the odds, the first is the sign in front of the odd, this can be positive or negative. If positive, the odd will show the return in relation to a $100 bet,
If the sign is negative, it will show instead of the investment that must have the value shown to obtain a return of $100. For example, on a US betting odds of value -180, $180 must be wagered in order to earn $100. On the other hand, if the odds are +180 it means that your winning bet will return $180.
Why do bookmakers offer different odds?
This is mainly to offer the best esports betting experience possible for all their players. Because of this they usually offer different options for you to select the one of your preference when it comes to betting. However, there are other factors that are important to consider when selecting your favorite bookmaker that goes beyond the types of betting odds they offer and make an esports odds comparison.
Many esports betting sites offer live betting and these are becoming more popular over time among esports bettors. Here, interested parties can watch favorite esports tournaments via live streaming of favorite esports tournaments while the betting operator offers some betting features.
In this way, interested parties can place different bets simultaneously as other participants to try to win as much value as possible in real-time.
Another reason why bookmakers offer different types of odds is that they use a different formula for processing the statistical data behind the final odds.
Therefore there are always options for everyone interested in participating in esports betting. In this way, no matter what type of betting is the one you like the most or which tournament you prefer to participate in as a bettor, bookmakers will surely have an option that suits what you are looking for.