Odds of betting on Esports matches
Before putting your money in a team, it is essential to understand the probabilities. Depending on the odds on the equipment you are betting on, you may have an instantaneous loss or an instantaneous gain.
For example, one team can have odds of 1.50 while another team has 2.50. These probabilities are in decimal or American.
If you bet $ 15 on the first team and they win, you can multiply 1.50 and 15 to see how much you’ve won. By doing that, you get 22.50, which means that you have just won 7 and a half dollars. However, if you place your bet on the team with the odds of 2.50, you would have earned $ 37.50. You would have benefited 22.50 instead of 7 dollars.
So, why would someone place their bets on the 1.50 team and not on the 2.50 team?
Here’s another thing: the more likely it is, the less likely the team wins. This adds a risk. Should you bet on the losing team and blindly wait for luck to fall on your lap? The games of Esport are highly unpredictable. To make the most of your betting options, you must place your bet with the winning team most of the time, but not exactly eliminate the losing team option from your backup lists. When you can not find valuable information about the team, this is a perfect time for you to take a chance.
Did you finally decide to bet?
Esports bets are a complex market. There are many things you must understand, from the video game itself to the players and the betting process with a site, it is a busy and massive industry.
But at the end of the day, it’s just another market. It has its vulnerabilities and its shields. In a way, it is very different from any other industry. Once upon a time, video games were just games. Who knew that the games would lead to a completely new sport and a completely new way of betting? Who knew you could take advantage of magic spells and fictional characters? But, unfortunately, the industry has shaped itself and continues to evolve.