You’re reading an article about sports betting sites, and you’re curious about how much these companies actually pay their athletes. If so, then you’re in the right place! Let’s dive into the details.
Top 5 eSports Bookmakers That Pay Top Dollar
The growth of esports has led to many established bookmakers creating betting opportunities on games like League of Legends, Hearthstone, and DOTA 2. These companies not only have to pay talented athletes, but they also have to manage a lot of bets from all around the world. It’s a costly endeavor to provide liquidity in esports, and most bookmakers do it because they can.
The top 5 esports bookmakers that pay the most are as follows:
1. 5Dimes
This company was founded in 2012 and is headquartered in Limassol, Cyprus. They also have an office in Chicago, Illinois. They are a global sportsbook that specializes in esports and offers a competitive rate on betting odds.
You can deposit and withdrawal using a wide variety of payment methods, including bank transfers, credit cards, and PayPal. You’ll need to contact the company to get an account set up. Withdrawals from this company are usually processed within a few days. 5Dimes accepts international players.
2. Bet365
This sports betting company was founded in 1994 and is headquartered in Gibraltar. It is one of the biggest sportsbook operators in the world and also operates a casino and poker site. You can make deposits and withdrawals using a wide variety of payment methods, including bank transfers, credit cards, and PayPal. With Bet365, you’ll need to contact the company to get a payout. International players can deposit and withdraw using a variety of payment methods.
The minimum bet at a sportsbook is $2, and you’ll usually place smaller bets that build up until you eventually place a big wager. In 2018, Bet365 expanded its sportsbook offerings, and a lot of its revenue comes from esports betting. To attract more customers, the company runs numerous promotions throughout the year. One of the biggest esports betting events is the Intel Extreme Masters, which is a major tournament that features the world’s best players vying for a $250,000 prize. Over 20,000 people attended the final in Frankfurt, Germany.
3. Paddy Power
This British company was founded in 1994 and is headquartered in Dublin. They also have offices in London and Newcastle. They are a global sportsbook that specializes in esports and offers a competitive rate on betting odds.
You can deposit and withdraw using a variety of payment methods, including bank transfers, credit cards, and PayPal. With Paddy Power, you’ll need to contact the company to get a payout. International players can deposit and withdraw using a variety of payment methods.
4. MyBookie
This sportsbook operator was founded in 2014 and is based in the UK. They have offices in London, Edinburgh, and Dublin. They are a global sportsbook that specializes in esports and offers a competitive rate on betting odds. In 2018, MyBookie was acquired by Paddy Power.
To deposit and withdraw funds using a wide variety of payment methods, including bank transfers, credit cards, and PayPal. You’ll need to contact the company to get a payout. International players can deposit and withdraw using a variety of payment methods.
5. Ladbrokes
This UK-based bookmaker was founded in 1881 and is one of the world’s largest. According to their website, they have offices in London, Dublin, and Melbourne. They are a global sportsbook that specializes in esports and offers a competitive rate on betting odds. To make a deposit, you’ll need to contact the company. You’ll then have to wait for your account to be verified. Once this is done, you can start placing bets. Withdrawals from this bookmaker are usually processed within a few days. International players can deposit and withdraw using a variety of methods.
In terms of promotions, Ladbrokes runs numerous tournaments throughout the year. These include monthly loyalty schemes as well as a yearly flagship tournament called the Champion Cup. The latter is an annual competition that draws thousands of people and features lucrative prize pools. In the 2018 edition, the prize pool was $2 million. The event is open to everyone, and teams of up to five people can enter. The winner of the tournament is crowned King or Queen of the Sport.
How Do Bookmakers Calculate Win Probabilities?
When you place a bet on a sporting event, you’re actually placing a wager on the outcome of the match. Most bookmakers provide win probabilities for each sport, and these are typically displayed in the form of a percentage. For example, if you deposit $100 on the over/under (total number of goals) in a soccer match, you’ll receive $10 back if your team scores over the total number of goals. If the total number of goals is exactly what the bookie predicts, then you’ll get your $10 back plus $2 in profit. If the goals are under the total number of predicted goals, then you’ll have to pay back the $2 in profit plus $20.–the amount you initially wagered.
This may seem complicated, but in reality it’s quite easy. When you place a wager on a sporting event, the odds are generally calculated using a formula that combines the total number of goals with an assumed number of goals for the home team. The latter is based on the average number of goals scored in previous games between the same teams. For example, if you wager $100 on Arsenal to score 1.5 goals or more in a Premier League match and they score 1.92 goals, you’ll win $180 (1.5 * $100). Likewise, if they score 1.33 goals, you’ll lose your $100 investment plus $40.–the amount you initially waggered ($180-$100).
You can use this same logic to figure out the win probability for other sports as well. For instance, if you deposit $100 on the over/under (total number of touchdown passes) in a professional football match, you’ll receive $10 back if your team scores more than the total number of touchdown passes. If the numbers match, you’ll get your $10 back plus $2 in profit. If the touchdowns under the total number of predicted touchdowns, then you’ll have to pay back the $2 plus $20.–the amount you initially wagered.
Watch How Bookmakers Calculate The Odds In This Simulated Betting Scenario
For this example, we’ll use numbers that are more likely to happen than not. The home team is Arsenal, and they face a team from the English Premier League. The total number of goals is 4.5, and the number of touchdowns is 7.5. Using these numbers, here’s how the win probability would look in this particular scenario:
- Arsenal will win the match 3.65% of the time (1 in 22.3 chances)
- Income: $178.30
- Loss: $197.70
- Profit: $8.40
As you can see, the win probability is not 100%–that is, there’s no guarantee that Arsenal will win the match. However, you can rest assured that they’re more likely to win than lose. In this particular example, Arsenal’s win probability is 33.65%–which is quite high compared to most actual betting scenarios. The key takeaway from all of this is that if you’re looking for a betting site that pays well, makes you feel secure, and has a good track record, then read on to 5Dimes. Their main competition, 888, offers an almost identical user experience, so you may want to try them out as well.