Esports betting goes beyond just placing your wager in the much-awaited tournaments. If you want to win big, betting smarter is a crucial thing to consider. And the best way to get started with this is by knowing the odds and how it works.
But that’s not all that! This article also helps you discover the trusted esports betting sites where you can place your bet with confidence and boost your chance of winning big!
What is Esports Betting Odds?
Similar to other types of betting, esports comes along with certain odds that you need to be familiar with to make the right wager in the first place and increase your chances of winning. Esports odds basically show the probability of an event to occur through numbers. It will give you better insights into your chance of winning and the profit you can make when you bet on esports.
For starters, in the League of Legends World Championships, the odds will indicate which team is favored to win and how much of a payout you’d receive depending on your bet. It can be displayed in three different formats, depending on the esports betting site you bet on.
How to Read Esports Betting Odds?
To further understand how to read esports betting odds, let’s use the three most common odds formats: Decimal, Fractional, and American.
Decimal Odds
Suffice to say, it’s one of the most common odds used by the majority of best esports betting sites, including in Singapore. It is the easiest one to understand, ideal for beginners. Once you understand how it works, it will give you insights into your exact payout (winning + initial bet).
How to Calculate the Odds
| Formula: |
| Total Payout = (StakexOdds) |
Let’s say you’re betting on the M World Championship, a popular tournament in Mobile Legends, and the odds are like these:
- ONIC Esports: 1.80 (favorite)
- Blacklist International: 8.20 (underdog)
If you bet $10 on ONIC and they win, you’ll get $18 in total, a combination of your original stake and a profit of $8.
On the other hand, if you bet on Blacklist International, and they win the match, your $10 would return $22. It is much higher because they are the underdog team. The main idea is the higher the odds, the bigger the payout—but it also usually means the risk is higher because the team is less likely to win.
Fractional Odds
Among all, Fractional odds are the oldest odds initially used in horse racing. As the name suggests, it is presented in fractional format with the use of slash (/) or hyphen (-). The first number (the numerator) shows the profit you’ll earn, and the second number (the denominator) is your bet amount.
How to Calculate the Odds
| Formula: |
| Total Payout = Stake x (Numerator/Denominator) + Stake |
For instance, in a Dream League match in Dota 2, assume that Team Falcons has an odds at 3/1. This means for every $1 you bet, you’ll win $3 in profit. So, a $10 bet would return $40 in total—your original $10 plus $30 in profit.
If the odds were 1/2, you’d have to bet $2 just to win $1 in profit. In this case, a $10 bet would only return $15.
American Odds
Also called the Moneyline odds. While it may look a bit challenging and hard to read, once you understand its basics and how it works, you’ll actually get the hang of it. It comes with a plus (+) and minus (-) sign where the positive number (like +200) shows how much profit you’d make on a $100 bet, while a negative number (like -150) tells you how much you need to bet to win $100.
How to Calculate the Odds
| Formula: |
| Odds (100/odds x your bet) |
With fractional odds, let’s take the Overwatch Champion Series as an example.
- Team Falcons: -150
- Team Liquid: +200
If you bet $150 on Team Falcon, you can win $150 in return. In the same manner, if you make a $100 bet on Team Liquid, you can earn a profit of $200 (for a total of $300 including your stake).
In this format, the favorites always have a minus sign, and the underdogs have a plus. It’s a bit of math at first, but once you get the hang of it, American odds are great for spotting value in matches where public opinion and actual potential don’t always line up.
Best Esports Betting Odds
What makes this game even better is the fact that you can bet on the leading esports betting sites Singapore. Perhaps, by now you still don’t have a sportsbook to bet on, if so, you can visit CasinorankingSG for the best lineup of platforms that you can consider.
From Solarbet, GoPlay711, and SanadoClub, to AS128Grand, they have betting sites for exciting and profitable gameplay. All you have to do is choose the one suited to your style and click the “Sign In” button to open a door of esports opportunities today!
Frequently Asked Questions
What determines betting odds?
In terms of esports betting odds, it is highly dependent on a mix of statistical analysis, public sentiment, and market demands that influence sports betting odds and complex algorithms. It is set by the sportsbook helping punters understand the probability of an event occurring and the possible profit you can make in your bet.
Are higher esports odds better?
A higher odds indicates a much higher potential but also a lower chance of outcome to occur. On the other hand, lower odds suggest a stronger favorite but offer smaller winnings. All that to say, it’s all about finding value and balancing risk versus reward.
What are the best esports betting sites?
Singapore has plenty of sportsbooks offering esports matches, but among all, GoPlay711, Solarbet, AS128Grand, and SanadoClub are considered to be the ones among others. They are all licensed sportsbooks and have user-friendly and excellent features for a more rewarding and unforgettable gameplay. Be it League ofLegends, Dota 2, Fortnite, Mobile Legends, and Counter-Strike 2 they have all of them for you!
