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Being a successful eSports bettor requires a lot of research and betting knowledge. Because of that, we really want to be helpful, and our RedKings Betting Odds and Markets guide is full of useful information and details to aid you in maximizing your profit.
RedKings is one really fresh betting provider. All of the most popular eSports disciplines are covered by the company. We are talking about the most attractive first person shooter game, Counter-Strike: Global Offensive, the game with biggest prized funds in the world, DotA 2, the most popular eSports discipline, League of Legends, and of course the father of all eSports, StarCraft 2. From time to time you can also see games such as Hearthstone and Overwatch in the RedKings eSports betting markets.
Similar to most other companies, the focus of the eSports betting markets is on the so-called money line bets for the winner of the match. Along with that, some pretty good outright odds are available for you to pick the winners of biggest Counter-Strike: Global Offensive, League of Legends, StarCraft 2, and DotA 2 events and tournaments.
Unfortunately, so far there are no handicap and total betting markets offered. However, with the development of electronic sports, we expect both betting options to be added to RedKings eSports betting markets soon!
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First of all, it is good for you to know that all three different type of odds are available for you as a customer. No matter if you are fan of Decimal, Fractional, or American odds view, RedKings is giving you the chance to bet with the one you like.
We will start with a brief explanation of each kind, along with example of the odds view and tips on how to calculate it.
Let’s start with the Decimal odds type, as it is the default RedKings odds view and also easiest one to explain.
All you need to know about Decimal Odds are that they are always expressed in their numeric form. To calculate your profit, you just need to follow this simple formula:
Your Stake x Odds = Returns ( Stake + Profit)
To make things even more clear for you, we will use an example at RedKings.
In our example Astralis are the favorites against NiP, regarding the odds offered by the company oddsmakers. Their chances are rated with 1.60, while Ninjas in Pyjamas has 2.18.
Using the formula from above, calculation of your profit with a $10 bet looks like:
Bet on Astralis $10 x 1.60 = $16 ($10 stake + $6 profit)
Bet on NiP $10 x 2.18 = $21.80 ($10 + $11.80 profit)
Nothing too complicated here. Let’s move on to the Fractional view for the same odds. Fractional odds are also easy to explain. They are the only type expressed by two numbers with a line between them. The logic is as follows – the left number shows your potential profit, while the right is the bet needed.
In the same match from above, it is clear that you need to bet $5 for a $6 profit betting on NiP and $33 for $20 betting on Astralis.
Last but not least are American odds. The easiest way to understand American odds is to use a $100 bet. On paper, the odds expression is indicating the return on a 100 unit base figure.
As you can see from the example, we have two numbers – positive and negative. The positive number ( NiP) is indicating your potential profit with a $100 bet, while the negative one (Astralis) is for the stake needed in order to win a $100 bucks.
Now you are familiar with all type of odds offered by RedKings. Next step is to check their actual quality.
We will use the sportsbook margin as the main ranking factor of the RedKings odds. We can calculate it using this simple formula:
Thanks to the decimal odds view, the calculation will take us only a few seconds. We will use the same example from above – the Counter-Strike: Global Offensive match between NiP and Astralis.
(1/2.18)*100 + (1/1.60)*100 = 45.87 + 62.50 = 108.37
So in other words, the margin in this match is less than 9 percent, which can be considered as average for the eSports area. Below we have made a calculation for each discipline offered at RedKings:
Professional bettors prefer using multiple bets to maximize the profit. Since the connection between margin and profit is inversely proportional, the higher the margin is, the lower the winnings are. This is why the bookmaker’s margin is used as the main ranking factor of odds quality.
In a contrast to most of the eSports sportsbooks, RedKings is not offering a welcome bonus. Instead, they are giving you €10 Risk Free Bet.
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With a wide range of eSports disciplines covered, a decent mobile application, and a nice Risk Free Bet for new customers, RedKings surely has the potential to be one of the best sportsbooks for electronic sports.
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