Esports Betting Guide
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Loading... - Lucy Richard
- 21 Oct 2022
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Esports has practically blown up in popularity in the past few years. One of the main reasons for this is that almost anyone can get into esports or at least gaming. All you need is a decent internet connection and a gaming console or a decent computer.
Another main reason for the popularity of esports is that it is super exciting to both watch esports matches and take part in them. This explains why tons of people have started to get into esports gambling, and if you’re thinking of getting into it, then you are at the right place. Here is our extensive esports betting guide.
What Is Esports Betting
To put it simply, placing bets on esports events or matches is called esports betting. For example, let’s say that the finals for a CSGO tournament are taking place. You think that team A is more likely to win, so you place a 100 U.S. dollar wager on it. This is esports betting.
Important Esports Betting Terms To Know
Before we show you how to bet on esports, here are a few esports betting terms that you should know about.
Esports Betting Markets
When people bet on esports, they wager their money on specific outcomes for an esports event or match. For example, one possible outcome is for Team A to get the first blood in an esports match. Another possibility is Team B reaching 15 kills before Team A.
When two or more outcomes are similar, they fall into something called betting markets. For instance, the results mentioned in the above example fall under the “1st Team To” betting market.
Esports Betting Odds
Betting odds are used to represent the likelihood of an outcome occurring. The odds also determine the amount you will win if you win the bet. If you place a bet on a result with a high probability of happening, the amount you get after winning the bet will be smaller.
For example, if Team A is likely to win the match, it makes sense that you will get a lower reward for betting on it because the chances of Team A winning are high. On the other side, Team B’s chances of winning are lower, so the offered betting odds on Team B will be higher – representing a lower probability of success. Thus you get a larger reward if you bet on Team B.
There are several types of odd formats, like fractional or American odds. The most common way that odds are represented in esports betting is the decimal odds format, like 2.3 or 1.2. The higher this number is, the lesser the chances of the outcome occurring. Read More…
