Esports Betting Odds: How to read, compare and 3 tips to win
Understand how Esports Betting Odds work online with real decimal examples from W88 Esportsbook. Know 3 beginner strategies using stats, maps and low-risk bets.
Esports is one of the most famous sports to wager on site like W88 online. However, to fully understand how to bet on matches from esports it is important to learn how does betting odds work in sportsbooks. In this article, we will cover everything you need to know about esports betting odds, from how it works to 3 bonus tips to win.
What are Betting Odds in Esportsbook?
Before we give you details on what are esports betting odds you need to understand what are odds for betting in general. Betting odds are available on all the betting options and it gives you a probability of the most winning team in sports betting online.
The betting odds in sportsbooks or esportsbooks are derived from results of the previous matches played between the teams. There are many types of betting odds in esportsbooks but the decimal odd format is the most popular one. Besides this, the betting odds in sportsbooks also give you an idea of the potential wins you can earn if your bet wins. As you read on, you will learn more about Esports betting odds with real-match examples.
How does Esports betting odds work?
In this section, let us take a look into how does esports betting odds work in sportsbook using the decimal format as an example. There are many kinds of betting odds in sportsbooks but the decimal format is extremely popular thanks to its easy formula to calculate payout returns on winning bets.
The payouts used for decimal esports betting odds is simple which multiples the betting stake into the betting odds to provide potential payout returns. Moreover, the difference between bets with higher odds and lower odds makes it easier to understand which bet is more likely to win. This is because higher odds are given to those teams with more odds to defy whereas low odds are given to those with fewer odds to defy in esports betting.
Real-match example of Decimal Esports odds
Let us now understand esports betting odds with real-match examples taken from the W88 Play sportsbooks. Here, we have taken a moneyline option from the Valorant esports wherein you must wager to predict which team will win the match. Moreover, since the odds here are in the decimal format, we will be using the formula betting odds x betting stake = payout returns.
Wager on Team 1
Wager on Team 2
Betting odds: 1.23
Betting odds: 4.12
Betting stake: RM10
Betting stake: RM10
Payout Returns: RM12.30
Payout Returns: RM41.20
The table above breaks down the odds, stake, and payout to show you how the esports betting odds work in sportsbooks. You will also notice the difference between higher odds and lower odds whereas higher odds pay more than lower odds. Because as stated above, the higher betting odds in sportsbooks are given to the team with lower chances of winning. Since the odds to defy and risks are more, you get rewarded more if you manage to win.
Turn odds in your favour with 3 helpful betting tips
In the final section of this esports betting odds explained article, let us leave you with 3 betting tips that are helpful for beginners. Using these tips you can turn odds in your favour and make the correct betting decisions in the sportsbooks. These are beginner-friendly and can be applied to any esports matches to increase profits on your bankroll.
Use previous stats: As stated above, the betting odds are mostly provided based on the previous match results played between the teams. So, before placing bet in the esports matches it is best for you to analyse the data charts which can help you know which team is more likely to win than the others.
Observe 1 map: An important aspect of betting odds is that they change to favour the winning team during live gameplays. So, it is best to observe at least the first map before you wager so that you lock your bets in with absolutely accuracy.
Bet on low odds: Lastly, it is best to always wager on lower odds in the sportsbooks. Betting on lower odds more than higher odds easily increasing the chance of winning as shown above. So, even if you win in smaller amounts, it is best to bet more on low odds.
Conclusion
Understanding Esports Betting Odds is extremely simple and betting on odds with the decimal format helps make it easier to understand. Betting odds are an important part of betting and making the correct decisions so that you avoid losing a lot of cash when betting. This is why knowing it thoroughly before placing bets can help you increase the profits you make. So, join the W88 website to play esports betting in trusted sportsbooks with updated odds. For more such articles, betting strategies, or guides for beginners, keep visiting the W88.page website.
