Esports Odds for Beginners: Everything You Need To Know
Betting on esports is becoming more and more popular around the world, and it can be quite profitable for smart bettors. How should you get started if you want to try it but aren’t sure how to find the best esports odds or which type of bet to make? Find out how to start making live esports bets with no fuss at arcanebet casino – you can even get a bonus for your first deposit.
Esports Odds: Introduction
With esports odds, it is the same approach you would see on any type of sports betting. Just like basketball, football, and other games, you want to wager on which team you think will win. We cover all of the big esports events at arcanebet casino, so you can find the top teams playing the most popular games like CSGO, Dota 2, and League of Legends. Just choose the game, look for an event that interests you, and then decide which team you think will win.
As with all types of betting, you will see different esports odds on the games. A team that is favorite to win will offer shorter odds, meaning that you will win a more modest amount if you predict their victory. On the other hand, if you correctly bet on a team that is listed with high odds, you can expect a bigger payout.
Canadian/European Esports Betting Odds Explained
Look for live esports odds in Canada or Europe and you are usually going to see them expressed in a decimal format. If we look at the example of a Dota bet that is available at the time of writing, you can get 1.69 on a Euronics Gaming victory or 6.20 on Katze winning.
This means that a €10 stake would give you a potential return of €16.90 (10 x 1.69) on Euronics or €62 (10 x 6.2) on Katze. Of course, the reason one team has lower esports odds than the other is because we think there is a greater probability of them winning. The higher the esports odds, the less likely something is to happen.
American Esports Odds
American betting esports odds are worked out differently to the European / Canadian format. However, the theory is still the same and you can easily convert the format from one to the other if you are more comfortable either way.
To convert European odds lower than 2.0 to American odds, bookmakers use the minus sign and then list how many dollars you need to bet to profit one dollar.
European odds of at least 2.0 are converted to American odds by showing how many dollars you can win when betting one dollar. Going back to that example of the Dota bet from earlier, with American odds the Euronics wager is -145 (to get 1 dollar of profit, you need to put 1.45 dollars at stake). Place your esports bet on Katze and you will get American odds of 520 (for every dollar you bet, you can profit 5.2 dollars).
Esport Betting is All About Probability
Let’s not forget that esports betting is about the probability of a certain team winning or a particular event occurring. You will see esports odds with a high value and others with a low value, and you can win on any of these games if you correctly estimate the probability of a certain outcome.
It is worth bearing in mind that many bookmakers steer clear of esports betting odds, because they prefer to stick to their expertise of more traditional sports such as soccer and basketball. While this means that many online casinos don’t offer esports betting, you can find plenty of esports odds to choose from at arcanebet casino.
Bankroll Management for Betting on Esports
Whether you are new to placing an esports bet online after your first deposit or already an expert, managing your bankroll wisely is always recommended. Anyone can run into some bad luck or have something unexpected happen on one of their wagers, which is why it isn’t a good idea to place all of your balance on a single bet. Instead, look to spread the risk over a few, smaller bets after making a deposit.
Single Bet vs. Combination Bet
We looked earlier at the idea of a single bet, but you could also opt for a combination bet. This is riskier but gives you the possibility of a higher win. Let’s say that we choose Euronics Gaming at 1.69 from the earlier Dota bet and add in Divizon to beat True Pumpers at esports odds of 1.43.
If we go to the combined bet section of the betslip, we can see that the total odds are now listed as 2.42 (1.43 x 1.69) even though our wager is still the same. This means that a €10 wager would give us a much higher return of over €24 if both predictions come true. It does also mean, however, that we would lose our wager if we don’t predict both results correctly.
Combination Bets on the Same Event
You will see a warning on your betslip if you attempt to make combination bets on the same events that influence each other. If you were to bet on a team to reach the semi-final of a major event and also to win the final, the correct esports odds on this sort of wager would be impossible to work out fairly.
Esport Betting Bonuses
Get started on placing an esports bet online with some extra help from the arcanebet casino. You receive a 100% bonus of up to €30 when you make your first deposit to bet on esports using the bonus code ARCANE30. That means you’ll receive €30 bonus money on top of your deposit, for a total of €60. Wager this bonus money a few times and it will be converted into real money, which you can pay out to your bank account or electronic wallet.
