Types of Esports Bets
If you are new to esports betting, then it’s perfectly natural to have some questions about it. How can you get started in the first place? Figuring out how to bet can be a daunting task at first glance. Esports betting sites offer hundreds of different wagers, and beginners might have a hard time figuring everything out. What do all these complicated numbers and betting markets actually mean? Which ones offer a better payout? How do they actually work?
Esprts is here to help you. We have listed the most common types of esports bets and compiled some helpful tips to get you started. Once you have that figured out, the whole process becomes much simpler. Well then, let’s go through the tips on the types of esports bets you can place and how each esports betting market works.
The most common type of esports bet you will find. Just as its name suggests, you will be betting on the match winner. However, you should pay close attention to this one. Keep in mind that in esports, most matches are played in a best of 3 or best of 5 format. In this case, you will be betting on the outright series winner. If the match consists of a single map, then there is nothing to worry about.
Operators will allow you to bet on the outcome of each individual game, but again, the match winner refers specifically to which team comes out on top of the series. Since picking the winner is very straightforward, the odds can get tricky. In a heavily one-sided series, the favorite will offer a very small payout that isn’t even worth the risk. If that’s the case, esports betting sites also have plenty of other options for you to make a profit.
As we said above, esports matches are usually played in a best of 3 or best of 5 series. Each set is commonly referred to as a map. In a closely contested series, picking the outright winner can be quite complicated. If the series is extremely one-sided, then betting on the favorite isn’t even worth it given the small payout.
Betting on each map, on the other hand, can be a nice alternative. If both teams have a similar level, making the series itself unpredictable, picking the map winner can be a much easier task.
In FPS games, teams tend to do better on their map of choice. In MOBA games, the underdog can always pull off the upset and take one game from the favorite, even if it still ends up losing the series. Long story short, placing a wager on the outcome of each map could actually lead to a bigger profit compared to guessing the match outcome.
Bookmakers and their models will usually consider one team as the favorite, even if the margin separating both sides is relatively small. In these bets, both sides will have a handicap – a positive for the underdog and a negative for the favorite.
The positive handicap will be added to a team’s final score, while the negative handicap will be reduced from it. Let’s make things easier with an example:
- Team A is the favorite to win, carrying a handicap of -2.5 maps. Team B then has a handicap of +2.5 maps. If you bet on Team A, then it must win by at least 3 maps – a margin big enough to cover for the 2.5 handicap. If you wager on Team B, your bet will hit even if Team B loses by a 1 or 2-map difference.
In a handicap bet, you can still win even if the team you picked loses. On the other hand, you can also lose the bet even if you picked the winning team. This bet adds some spice to heavily one-sided matchups, offering you a chance to score some better payouts.
Once again quite self-explanatory. This time, you will be picking the champion. As you can imagine, this is no easy feat, especially if the bet is placed before the tournament begins. Naturally, there is also a nice payout to make up for it.
Since predicting the outright winner of any tournament is quite a longshot, the odds will pay accordingly. Most of the time, even the favorite team will offer some generous odds. The risk is naturally quite high as well. Can you imagine the massive payout from correctly guessing an underdog champion?
Depending on how the schedules play out, you could end up with some rather dull matchups. The odds don’t look particularly attractive either, with clear-cut favorites in every single series. But don’t worry – this is where parlay bets come in to save the day.
In a parlay bet (which can also be called an accumulator bet or multi bet), you will be placing a wager on multiple different outcomes. As an example, you can bet on Team A beating Team B, Team C beating Team D with a -3.5 handicap and also on Team D beating Team E. This way, while you will be placing a single ticket, you need all three different bets to hit in order to win.
Naturally, this bet will pay out accordingly. This way, you could turn multiple short odds into a better payout. Alternatively, you can also place a small wager on multiple long odds, which could result in a massive payout if they all hit. Of course, that’s the catch about parlay bets: in a ten-leg parlay, the whole thing crumbles if you get a single one wrong. The risk is higher, but so are the rewards.
A proposition bet (or prop for short) doesn’t necessarily rely on the game outcome. Here are some examples:
- Neutral objectives slain.
- The number of kills for a player.
- Which team wins the first round.
- Which team gets the first kill.
- The total number of rounds in a single map.
- Total number of kills in a game.
- The number of towers destroyed.
As you can see, just about anything can be made into a prop bet. And since these aren’t necessarily related to the outcome of a game, they usually present a nice opportunity for you to make some money.
Some props will also include handicaps, adding even more options. It’s up to you to decide which props offer a better payout. Keep in mind that most operators won’t allow you to place a parlay bet on multiple outcomes of a single game. As an example, you probably won’t be able to pick Team A to win maps 1 and 2, win the series outright and also get the most kills.
Over/under bets are easier to understand with an example. Let’s take a best of 5 series with an over/under of 3.5. If you bet on the under, it means that you expect the series to end in 3 maps. If you pick the over, it means that you expect the series to last either 4 or 5 maps.
Over/under bets apply to just about anything that can be quantified in a series: the number of games, number of total kills, the number of towers destroyed, the number of neutral objectives secured – and so on. As you can see, there is also an overlap with prop bets. That’s no coincidence – most operators also offer over/under bets on props.
Since over/under bets are usually considered relatively safe and don’t rely on correctly guessing the outcome of a match, they tend to be quite popular among new and experienced punters.
Quite similar to over/under bets in a sense, odds and evens will also have you pick the number for one specific statistic. However, instead of betting on the over/under, you will be choosing whether that number is odd or even. Let’s use some examples to make things easier:
- The total number of kills in a game.
- The number of maps.
- Objectives secured.
Unlike the over/under, odds and evens are more of a coin flip, since you essentially have a 50/50 chance of guessing it correctly. Odd/even bets also overlap with in-game props.
Most esports betting sites allow you to place wagers while the game is still going. With live betting, you will be able to follow the match in real-time and place your bets accordingly. This way, you can predict changes in momentum before they happen and score a nice win. Since things can change quite fast in a game, the odds will also swing dramatically. Live betting offers a chance to win big by picking the right outcome just before the odds shift again.
Now that you have a good idea of all the available esports betting markets, it’s time to get started. Esprts has everything you need in one place, including helpful esports betting tips, game analysis, betting site reviews as well as esports betting bonuses.