For anyone hoping to make a profit from placing bets on eSports it is crucial to first gain an understanding of how the odds work. Betting odds are essentially a prediction by a bookmaker of how likely it is that something will happen in a particular event. Odds are usually presented in one of three different formats – fractional, decimal or moneyline – with the first-named being the most prevalent method in the United Kingdom.
To help boost your chances of securing a winning return, we’ve taken a closer look at how eSports betting odds work.
Understanding the basics
Betting odds are set by bookies as a way of informing punters what they believe is the most likely outcome of an event. For instance, in eSports you may see odds of 1/2 for a team to win a match-up in a League of Legends competition. This means that the team is rated as having a 66.7% chance of winning the match and is strongly fancied to record a victory. As odds increase teams are seen as having a lower chance of winning, but successful bets on those selections will generate a larger return.
Calculating fractional odds
As mentioned earlier, fractional odds are most commonly used in the UK, with the majority of online bookies using them to display their prices in eSports. The odds are displayed as fractions such as 4/7, 2/1, 9/4 and 6/1, with the number on the right denoting the stake needed to win the number on the left. An example of this in action would be placing a £40 bet on KaBuM! e-Sports at odds of 6/4 to beat Vivo Keyd in the Campeonato Brasileiro de League of Legends. If KaBuM! won the game, you would receive £100 which comprises £60 profit plus your original £40 stake returned.
Setting the odds in eSports
All online bookies employ teams of compilers to set the odds and these are generally people who have an in-depth knowledge of the competitions they price up. Bookies formulate odds on eSports in advance based on what they believe is the probability of particular outcomes coming to fruition. These may fluctuate in the run-up to an event due to numerous factors including loss of form, line-up changes and even thumb injuries. It can pay dividends to monitor these elements before placing any bets as this can give you a vital edge against the bookies.
Searching for the best eSports odds
Much like many other industries, eSports is an extremely competitive sector and it can pay to shop around. eSports odds often fluctuate massively between different operators, so opening accounts with different firms can help you grab the best value. While most bookies’ odds are non-negotiable, it is possible to obtain higher odds by visiting betting exchanges to wager on eSports. Using odds comparison sites is a great way to search for the best odds and will help you maximise your winning returns on successful selections.
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