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Esports Betting Odds

Esports betting is really starting to grow, which means it’s drawing in plenty of interest. That’s coming both from experienced and new punters. While experienced bettors already have a general idea about how it all works, it’s perfectly normal to have some questions about how to get started.

At first glance, the world of betting might look a bit difficult to understand – but that’s not the case at all! Learning the ropes is much easier than it seems, and we at Esprts are here to help you. This guide will tell everything you need to know about esports betting odds.

How do you read esports betting odds? How do esports betting odds work? What are the best esports betting odds? We will go through these and all other relevant topics on esports betting odds to make sure that you hit the ground running with your wagers. Happy betting!

What Are Esports Betting Odds?

Odds are the bread and butter of betting. And just as the word suggests, odds indicate the likely outcome of a match. Will the favorite come out on top? Or will the underdog actually pull off the upset? The longer the odds, the least likely the outcome.

Naturally, shorter odds on the other hand indicate a much more likely outcome. Your bet will pay out according to the odds. In other words, shorter odds are a safe option, but offer a low return. Longer odds on the other hand offer bigger risk, but will pay out accordingly.

And that’s where the fun lies: how good are you at predicting the actual results? You need to come up with a strategy and make the best use of the odds provided by your bookmaker of choice. Betting on the favorite seems obvious at first.

But if the odds are way too short, it might not even be worth the risk considering the small margin of profit. On the other hand, striking on long odds will always give you a significant payout, however that obviously doesn’t happen very often. At the end of the day, it’s all about balancing risks and rewards.

Odds don’t apply exclusively to the outcome of a match. Esports betting sites also offer you the chance to wager on other in-game props. These refer to events that aren’t necessarily attached to the actual result.

Think of a team winning a round in an FPS,or securing a neutral objective in a MOBA. If the match odds aren’t quite to your liking, spreading out your wagers and betting on in-game props is always a nice alternative that can turn in a big profit.

How do Esports Betting Odds Work?

Bookmakers use odds to indicate the likely outcome of a bet. Just as we mentioned earlier, shorter odds indicate the most probable result. On the other hand, longer odds mean that the outcome is highly unlikely.

Sportsbooks have their own methods to calculate and determine the odds, which is why different bookies will also have different odds on the same game. In order to come up with competitive odds, bookmakers employ specialists and also rely on modern computer programs to determine the possible results and how likely they are to happen.

Once you place your wager, the odds will also determine the payout. If your bet hits, then you will be paid the original wager and the profit. If it doesn’t, then you will naturally lose the wagered amount.

Bookmakers will present their odds in three different formats. It can be a bit confusing, particularly for newcomers. However, once you get the hang of things, understanding how each one works becomes much easier. And better yet, esports betting sites allow you to switch the odds format. This way, you can simply pick the easiest one and roll on with your betting.

Now, let’s move on and learn more about each odd format and how they work to calculate your profit margin. Again, it’s much easier than you think.

What Are American Odds and How Do They Work?

Quite self-explanatory, American odds are commonly used by American punters and sportsbooks. This format works in a slightly different way compared to the others. American odds use $100 as the base value. These odds come with a plus or a minus sign, which is extremely important. 

  • Positive odds indicate how much you are going to win with a $100 bet. Let’s take +150 odds as an example: placing a $100 bet will give you back $150 in profit. The total payout would be $250, consisting of your original $100 bet plus a $150 profit.
  • Negative odds indicate how much you have to bet in order to turn a $100 profit. A bet placed at -150 odds means that you need to bet $150. If it hits, then you would get back $250 – the $150 you wagered plus the $100 profit.

Of course, this doesn’t mean that you need to wager $100 every single time. You are free to bet as much as your bankroll allows, and the wins will be calculated accordingly. If you bet $50, then you will get half of that. Naturally, you can also go beyond the $100 mark. A $200 bet will pay you twice compared to a $100 wager.

What Are Fractional Odds and How Do They Work?

Fractional odds are the classic format, going all the way back to horse racing. These odds, as the name suggests, use fractions to calculate your winnings.

Calculating your winnings here is pretty straightforward. All you need to do is take your wager and multiply it by the fractional odds. Let’s take a look at some practical examples to make things easier:

  • Betting $100 at 2/1 odds will give you a $200 profit and a total payout of $300, consisting of your $100 bet plus the $200 profit.
  • A $50 wager at 3/5 odds will pay out a $30 profit. You would get back $80 in total – your $50 bet plus the $30 profit.

In other words, fractional odds indicate the exact profit you will get if the bet hits. This format is most common among British bookies and punters.

What Are Decimal Odds and How Do They Work?

Decimal odds are the most common format among punters nowadays. Most sportsbooks outside the US and the UK have it as the standard odds format as well. Just as the name itself indicates, this format uses decimal numbers to calculate your winnings.

Unlike the american and fractional odds, which indicate how much you are going to profit, decimal odds indicate the total return – your original bet plus the profit. Let’s make things easier by providing you with some actual examples.

  • Betting $200 at 1.7 odds will pay out a total of $340. You would profit $140 – the total $340 payout minus your original $200 bet.
  • Betting $100 at short 1.1 odds will pay out $110 in total. In this case, your profit would be $10 (the $110 total payout minus your $100 wager).
  • A $50 bet at 2.2 odds would pay you $110 for a $60 profit ($110 payout minus the $50 bet).

As you can see, decimal odds work in a different way compared to the other ones. Decimal odds will tell you the total return right away, but you need to calculate the actual profit. American and fractional odds will tell the profit, meaning that you need to calculate the total payout.

What Are the Best Esports Betting Odds?

American, fractional or decimal odds? At the end of the day, they are three different ways of writing the exact same information. It’s all down to your preference and which format you find easier to work with.

Once you become familiar with the odds formats, it’s time to take the next step and start betting. Now this is where things get interesting. Which odds are you going to pick? This is the defining question every punter faces.

First of all, how can you determine the best esports betting odds? There is no right or wrong here. If you have more than one betting account, it’s worth comparing the odds from different bookies to determine the best one. It’s pretty common for one site to offer slightly more competitive odds on a specific match compared to its competitors.

Are you going with the favorite or with the underdog? Remember that if the match looks too one-sided, it’s always worth considering taking other bets instead. You could always find some nice odds on certain in-game props. Picking a tournament champion is also an interesting option. Since there are many different options available, these bets usually offer high payouts at a higher risk.

As you can see, esports betting odds are quite simple once you understand how they work. Now that you’ve been introduced to the basics, it’s time to move on to the real deal. You can check our esports betting sites reviews and sign up for an account to start betting right away with some nice bonuses to go along.