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HOW ESPORTS ODDS WORK

By Kendall Jenkins on 2022-08-30 12:08:00

The popularity of Esport is still growing so it is not a surprise that esports betting has been increasingly popular among the bettors too. One of the main reasons for such a trend is that esports betting odds are really high so the bookmaker clients could get some good money if their forecast is right. But before getting your first live betting experience it’s highly recommended to learn all the chosen sports rules and understand how esports odds work. For sure the basic odds calculation principles are the same for both esport and classic sports betting. But some specific nuances also should be noted by the bettor. That’s why for profitable betting it’s not enough just to choose the best esports and to find a reliable bookmaker. To learn more about how odds are calculated read the information on this page below.

What Are Esports & Esports Betting

So ?esports betting is the new offer from online sportsbooks when bettors could bet on Esport events live or prematch. For sure live betting is much more interesting for the users mainly because of the opportunity of making bets during the chosen event. Almost each bookmaker today offers ?live streaming broadcasts that are available for registered clients who prefer esports betting. But what is Esport? This is the category of different disciplines in a form of competition using video games. It can be fighting games, first-person shooters, real-time strategy (RTS), or MOBA. In all such disciplines, bettors could get a profit by betting on the different betting markets with odds that were chosen by sportsbook experts. 

What Is Esports Betting?

?So ?esports betting means that a sportsbook's client will bet on the chosen Esports event. Here are some of the most popular events that are available also for live betting and which is can be founded in the highest ?esports odds rankings:

  • The International

  • ESL ONE

  • ESL Intel Extrem Masters (IEM)

  • League of Legends Championship Series

  • League of Legends World Championship 

But before choosing the event for the bets, it's better to learn how ?odds are calculated for such events and read the sportsbook's rules. Only a deep understanding of the features and rules makes the chances for the winning bets and the real online profit really high. That's why if you want to get some income at first learn as much as you can about sports betting with crypto and analyze the betting odds for the different events. 

How Esports Betting Odds Are Calculated

For the newbies, it is important to understand how esports betting works and the main principles of the odds calculation. If you will know how odds work to find the best options for betting and profit generating wouldn't be a problem. But before making your first money on esports betting, learn the game rules to understand all the main reasons for the matches' results and prepare the forecast for future events. At the same time, it should be noted that Esport odds are calculated the same way as for the classic sport. That's how esports are similar to other betting disciplines. 

What Are Odds Anyway?

?So ?betting odds and not only esports is the way to show bettors the chances of the specific market and the final profit that they will get after the outcome will be known. There are a few esports betting odds types that you can read about via the mybettingsites.co.uk website, but it's always a great tool for forecast preparation and the best market choosing. 

How Odds Are Calculated

For newbies, it can be a bit difficult to understand how odds are calculated and that's not only for the esports fan. According to investopedia.com explanation ?esports odds represent the ratio between the amounts staked by parties to a wager. It means that with odds of 3 to 1 sportsbook bet 3 times the bet that was staked by the bettor plus the margin. 

Conclusion

When choosing the best markets to bet on, check the margin and the odds that could be offered by your sportsbook. Also, try to prepare your own forecast for the chosen game to understand the real chances of each team and the possible profit. 

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