E-sports betting is a relatively new type of betting, introduced to Vietnam in 2010 but only in 2015 has really developed and received strong attention until now. Basically, esports betting has quite a lot of similarities with other forms of betting, besides also possessing its own characteristics. To better understand esports odds, let's follow the following article with Prestigiousfootballbookmakers.
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| Learn about esports odds |
What are Esports Odds?
Electronic sports betting is much like traditional sports betting and adheres to similar rules. The reason for its strong growth over the past decade is related to the development of the esports industry. From being relatively obscure, this industry has now reached over 450 million people worldwide and has surpassed the $1 billion mark in annual revenue.
With over a dozen major esports titles and hundreds of large tournaments each year, the development of electronic sports betting as it stands today is natural. Alongside the scale comes competition and service quality. Betting platforms continually strive to enhance their offerings, providing users with the best deals not only in terms of odds but also regarding platform features, welcome bonuses, payment options, and betting markets. In other words, betting on esports and earning money online has never been easier than by applying your knowledge of esports.
Types of Esports betting odds today
Electronic sports betting odds come in three types: decimal, fractional, and American.
Decimal Odds
These odds are called decimal because they are written in decimal format. For example: 2.40 or 1.60. When you see odds like these, all you need to know is that your total profit in case of winning is obtained by multiplying your bet amount by them. So, if you bet $10 on an outcome with odds of 2.40, you'll receive a total of $24. Your profit here is $14.
Fractional Odds
Fractional odds, as you might guess, are in the form of fractions: 4/1, 6/1, etc. The general form of these odds, x/y, means you earn a profit of x dollars for every y dollars you bet. If you bet $10 on an outcome with odds of 4/1, you'll earn a total of $40 (profit) + $10 (your bet) = $50.
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| Esports live betting odds: Fractional Odds |
American Odds
For many, this is the most unusual type of odds used. That's because it can be difficult to understand their meaning without explanation. When you see a minus sign (-), that's the symbol for the favored team. And the next number is the amount you need to bet to earn a profit of $100. When you see a plus sign (+), that's the symbol for the underdog. And the next number will constitute the profit you could make when betting $100.
Example:
If you bet on Team A, you would need to wager $770 to earn a total profit of $100 or $870. If you bet on Team B, your profit when betting $100 would be $590. So, you would receive a total of $690.
How can betting sign-up bonuses increase esports odds?
When signing up on the website of one of the best electronic sports betting providers, you'll be required to make an initial deposit. This deposit is a great opportunity to receive extra money that you can use for betting. Betting platforms often double the amount you deposit up to several hundred dollars, but there are some conditions attached. Otherwise, people would abuse the system. So, in reality, you'll be required to wager on electronic sports betting odds with your bonus money in order to withdraw that amount to your bank account.
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| Signing up for betting can increase esports odds |
Sign-up bonuses may also include other perks. Essentially, applying one of these bonuses will give you more money to bet on electronic sports betting odds, thereby increasing your potential profit. It all depends on the betting platform, so shop around and find the one that suits you best!
Factors affecting the change of best esport odds
When determining odds for three sports disciplines, there are several factors to consider. Factors such as betting trends and behaviors, opinions of sports analysts, statistical analysis of teams' past performances, as well as odds provided by other bookmakers are just a few among them.
- Betting trends: Betting trends refer to common beliefs or behaviors during betting periods. For example, a new Esports game may become popular, leading to increased betting options and more attractive odds. Bet bookmaker need to take this information into account.
- Competitive landscape: Bookmakers also consider the value of odds on competitor sites. Although there are several providers of Esports odds, the difference in odds value is often insignificant as they all strive to attract the most players.
- Match history: The records and history of teams and players are also taken into consideration. Analyzing results from previous tournaments helps identify weaker and stronger teams, and priorities in each match.
Conclude
The above information covers the key points about Esports odds that are essential for you to understand. Keep mastering this knowledge and apply it competently to improve your skills in this field. Moreover, there are many other interesting facts on betting sites that you should explore and learn more about. Thank you for your attention.
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