This article will teach you how to calculate betting odds for esports matches so you can make confident wagers with a good understanding of the current probabilities.
To put this article in context, first it is important to understand some of the basics about esports. If you are unfamiliar, esports is a term used to describe computer-based or online versions of traditional sports. Like traditional sports, esports are typically divided into leagues and tournaments that are graded on a scale based on prestige and prize money.
One of the major differences between traditional sports and esports is the speed at which the games are played. In traditional sports, the action usually comes in the form of multiple play-along games or matches that last for several hours. In esports, a single game can be completed in less than 20 minutes, with up to a half hour of additional time needed for the playoffs.
Another difference is the betting options available in esports. Whereas in traditional sports, the market is usually very limited, in esports there are a variety of betting options available, from over/under wagering to parlays and teasers. This means that even smaller esports tournaments can offer big betting opportunities to participants.
The Need For Predictions
In traditional sports, getting an early read on the game’s outcome is often very difficult, because games are usually played at a time and place that isn’t available to the public. As a result, fans, reporters, and analysts usually have to guess the final score or result of a game, which can lead to a lot of mistakes being made.
In esports, however, things are a bit different. Games are usually publicized before they are played, so the public is already mostly aware of the games’ outcome before they occur. This means that, in theory, getting an early read on the game’s outcome shouldn’t be as difficult as it is in traditional sports.
How To Calculate Betting Odds
Once you are aware of these theoretical differences, it’s time to look at how to actually calculate betting odds in esports. First off, if you are unfamiliar, betting odds are simply the probability of one team winning a given game, relative to the probability of the other team winning. They can be calculated by dividing the number of betting tickets (depending on the odds type) for the winner by the number of betting tickets for the loser. So, for example, if you choose the over/under wagering option, then your betting odds for a given game would be the total number of points scored by the two teams divided by the total number of points that could be scored. Let’s take a quick example using the Fortnite League.
The Fortnite League is a North American esports league that includes some of the biggest games in the industry, like Fortnite, PUBG, and Dota 2. The format of the league is similar to that of the NBA. There are 12 teams that play in the season, which is broken down into two rounds. The first round is a single-elimination tournament, with the top four teams advancing to the next round, which is a best-of-seven series. The last three teams in each of the season’s rounds are then ranked according to their wins, and the top two teams from each region qualify for the leagues’ postseason.
Using the odds calculator at oddsusa.com, which provides NFL betting odds, we can see that the chances of the San Francisco 49ers, who will wear the red jersey, are 8/13, or 61.5%, to beat the Kansas City Chiefs, who will wear the silver jersey. This means that if you are a San Francisco 49ers fan, it’s somewhat likely that your team will win the game, but it’s not a foregone conclusion.
Similarly, if you are a Kansas City Chiefs fan and you want to place a wager on the 49ers winning the game, those odds are 2/13, or 15.4% (note: these odds are for NFL games only). In other words, it’s a bit more likely that the 49ers will win the game than it is that the Chiefs will win, but it’s not a given that the 49ers will beat the Chiefs.
Hopefully, this example has helped you understand how to calculate betting odds for esports. It is important to keep in mind that these are simply the chances of one team winning a given game. That being said, it’s also important to realize that while the chances of one team winning may be low, the chances of the other team losing are also pretty low. This makes it a good wagering option, as there is a definite need for a fix.
As you may have guessed, getting an early read on the game’s outcome can be tricky, especially since there are usually so many variables that could affect the final result. This is why it is important to look at the theoretical odds and compare them to the perceived odds. This will give you a better understanding of whether or not it’s a good wager, and it will also serve as a good indicator of whether or not the public is more or less likely to gamble on that particular game.