Esports Odds December 2023
Now that it has become a very competitive market for sports bettors, we need to look into Esports odds. Esports can be a really interesting way to get into video games and event betting in general, no matter your betting prowess. But, being a newer form of sport for players to bet on, many people are not familiar with the ins and outs of the esports betting process.
- Esports Odds
- How to Understand Esports Odds
- Reading American Esports Odds
- Esports Betting Tips
- Where Can I Bet on Esports?
- Esports Odds FAQ
- Esports Odds Conclusion
An extremely important part of placing any bet is knowing the odds, so this is also true when it comes to Esports odds. If you do not know how to bet on esports, one of the first steps is learning about the different types of odds out there. Odds are what will help a bookmaker calculate the amount a bettor should win based on the stake they have put up for a bet.
Esports will use odds when it comes to the likes of League of Legends betting. You will also see common esports bets placed on Valorant Tournaments and Fortnite Tournaments too. Esports tournaments are especially common places to see bettors place their wagers.
HOW TO UNDERSTAND ESPORTS ODDS
If you are going to understand Esports odds, you need to understand the different types of odds that are out there. One of the most important factors when learning how to bet on esports is how to tell the different odds apart. In this section, we will look into the different types of odds that are out there: Moneyline odds, totals, spreads, and more basic markets.
BASIC MARKETS: MONEYLINE
Moneyline odds refer to the odds on the straight-up outcome of an event, but with no consideration to a point spread. When using moneyline odds, you will see both positive and negative odds listed.
If the figure quoted by the odds is positive, the odds listed are quoting how much money would be won with stakes of $100 for a bet. If the figure quoted by the odds is negative, the moneyline odds are quoting how much money must be put at stake to win $100. This is listed when the odds are worse than even.
Even odds would be listed as -100 or +100, sometimes with or without the symbols before the 100.
TOTALS, SPREADS, AND MORE
Here's a quick rundown of other bet types:
- Spreads are bets on a team to "cover" the spread. The point spread is the anticipated difference between the ending scores of two teams. You're betting on a team to "cover" by scoring enough points (for example, over 2.5 for the favorite) or not losing by the spread (scoring within 2.5 points of the winner).
- Totals are bets on the total number of points scored, also called the over/under.
- Parlays are bets on the outcome of more than one event: all legs must be correctly picked to pay out.
There are plenty of Esports Tournaments to place your bets on as well as other esport events. However, each game has its own game props that interested bettors can place their wagers on. For instance, a very common prop bet for players is “first blood” which means the first to get a “kill” in a particular game.
Prop bets, or proposition bets, are bets you can place on happenings that can take place during an event that do not affect the eventual outcome of the event. If you are planning on placing a prop bet during CS:GO Tournaments, for instance, you can bet on the amount of kills in a given round.
If you are planning on placing a prop bet during Valorant Tournaments, you can place a prop bet on whether a particular map will go into overtime. If you are placing a prop bet during Fortnite Tournaments, you can place a prop bet on the total survival time for a given player.
READING AMERICAN ESPORTS ODDS
In order to understand reading and betting using odds, it is good to have an example. If you plan to place your bets on CS:GO Tournaments, it can be helpful to understand how to use the odds to your advantage. So, keep reading to see how the odds play out when placing a bet during CS:GO Tournaments.
MONEYLINE PAYOUT ON CS:GO MATCH
As mentioned above, Esports Tournaments are common places to see bettors place their wagers. Here is an example of how a moneyline payout would work on a CS:GO match.
If the popular CS:GO team Astralis had odds of +150 to win, here is how the bet would play out. On a $100 bet, the bettor would stand to win a payout of $250, with a $150 profit.
But, if the odds were -150, on a bet of $100, the bettor would win $66.67, with a total payout of $166.67.
ESPORTS BETTING TIPS
If you are planning on betting on Fortnite Tournaments or the like, you should have some betting tips to help. Newer esports bettors may not know the ins and outs of League of Legends betting just yet. So, here are some betting tips when it comes to how to bet on esports.
- When it comes to placing any bet, finding a promo to help boost your wager is a great idea
- Remember to practice proper bankroll management. You can do this by setting a betting budget that you will stick to and not go over.
- When it comes to betting arbitrage, bettors simultaneously place bets in different markets and/or on different outcomes to guarantee at least one bet will win. However, these profit margins can be smaller.
- When it comes to Valorant Tournaments, League of Legends betting, or other kinds of esports betting, make sure to do your research. The more you know about the betting market, the smarter the decisions you can make will be.
WHERE CAN I BET ON ESPORTS?
You can learn all about Esports odds, but now, you need to know how to put them into action. If you are planning on betting on Esports or Esports tournaments, you need to know where you can place these bets. As of right now, you can bet on esports in Virginia, Washington, New Jersey, Connecticut, Colorado, Tennessee, and Nevada. More states may be coming as esports betting becomes more and more popular.
ESPORTS ODDS FAQ
Now that you have learned all about Esports odds, you may still have some questions left in your mind. So, here is a frequently asked questions section to help you find those answers. Keep reading to see the answers to the most common Esports questions out there.
WHAT IS A GAME PROP?
A game prop bet is a bet that is placed on a happening during a game that does not affect the eventual outcome of the game.
WHERE IS IT LEGAL TO BET ON ESPORTS?
It is not yet legal to bet on esports in most states in the United States. As of right now, you can bet on esports in New Jersey, Colorado, Tennessee, as well as Nevada.
WHAT ESPORTS BETTING SITES ARE AVAILABLE?
Right now, there are no esports betting sites that are absolutely live. But, some of the bigger online sportsbook operators do offer esports betting, for instance DraftKings and FanDuel. Interested players can also look into fantasy esports in the meantime.
ESPORTS ODDS CONCLUSION
Now, you have learned everything there is to know about Esports odds. You have learned about the different types of markets out there: moneyline, totals, and so on. And, you have learned about concepts like esports prop bets. So, all that there is left to do is go out and find the best betting providers for you to place your bets on.
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