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Have you ever asked yourself: how do sportsbooks actually work? How can I calculate my profit? How do I take advantage of the different eSports betting markets? Our Bet365 eSports Betting Markets and Odds article will give you all the answers!
In the first part of our Bet365 eSports betting markets and odds article, we will put the focus on the available betting markets and gaming disciplines.
Bet365 is one of the biggest eSports sportsbooks over the globe. It is not a surprise that all of the usual suspects are covered at the Bet365 eSports division. League of Legends, DotA 2, Counter-Strike: Global Offensive, Overwatch, and StarCraft 2 are all available for you! The only absentee is the popular card game Hearthstone. Let’s continue to the offered betting options for those games.
Money line bets are available for picking the winner of the match in all disciplines. Betting on totals and handicap bets are also offered for all of the gaming disciplines. From time to time, you can bet on the winner or the winning region for major eSports events such as the DotA 2 International, League of Legends Worlds, and CS: GO Majors.
Besides the traditional match betting you can bet on markets like the first team to get 10 kills, correct score, first kill, totals betting, and of course handicap bets for League of Legends and DotA 2. For Counter-Strike: Global Offensive you can place bets on the winner of certain maps, round winners, correct map score, first kills, total maps, and over/under betting. As you can see the variety of these 3 games is massive. On the other hand games like StarCraft 2 and Overwatch are relatively monotonous regarding the betting options.
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You can bet using all three types of odds – American, Decimal and Fractional. We will define all types, using an example from Bet365.
Here we have the odds for an event winner market for the DotA 2 Kiev Major.
So, all that you need to know is that Decimal odds are expressed by a numeric form of the numbers. As you can see, odds for OG are 4.5, Evil Geniuses are at 5.50, Newbee is 8.00, etc. To calculate your odds you just need to use a simple formula:
For example, to see your profit with a $10 bet, you just need to multiply it to the offered odds. A bet on OG, in that case, will bring you a total return of $45, or pure profit of $35. As you can see, Decimal odds are very easy to understand and calculate. Let’s move on to Fractional odds.
Fractional odds are expressed with two numbers, separated by a slash line. To understand them, you just need to know that the left number is for the potential winnings, while the right one is showing you the required stake. In other words, you need to bet $2 on OG for a $7 profit. So far so good.
Next is the American type of odds. The difference here is that we have a plus and minus sign. The easiest way to explain American odds is to use a $100 bet. Why is that so? Because the negative number is representing the amount that must be bet for $100 profit. On the others side, a positive number is for actual profit with a $100 bet. Again using the example of Bet365, it is clear that your bet will bring you a $350 winnings. Of course, note that the amount of your profit depends on the stake.
The best-ranking factor of the quality of eSports odds is called the sportsbook margin. This is dictated by the fact that the higher margin can eat the potential profit of the bettors. In the following line you can see how to calculate the margin:
(1/1.28)*100 + (1/3.50)*100 = 78.12 + 28.57 = 106.69
The margin, in that case, is less than 7% which is awesome! In the following lines you can see the margin for different eSports disciplines available at Bet365:
If you are new to eSports betting, Bet365 is a hundred percent the right place for you. You can bet on a wide range of different gaming disciplines with varied betting options. The Welcome Bonus is also awesome, so you have the right to lose 1-2 bets, without worrying about your money. The best odds are guaranteed for incredible profit, so don’t waste more time and open an account at Bet365 now!
This review of Bet365 is completely based on our own experience. That means its solely reflecting our own opinions and not actual facts. All bet365 terms and conditions regarding promotions and accounts apply. Only customers who are 18 or older may sign-up with Bet365. For help, support and advice about problem gambling please visit gambleaware.co.uk. All Bet365 terms and conditions apply to the promotions displayed above.
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