Esports Betting Odds: How to Read and Where to Bet Online

With every match filled with actions and rewarding possibilities, esports is definitely a game worth betting on. But in making the most of your gameplay, one thing that you must not forget is to read and use the esports odds to your advantage.

If by any chance, you’re not that familiar with it, this article can be your guide to get started. Rest assured that with the best esports betting sites, you will have an excellent betting experience packed with confidence and excitement. 

What is Esports Odds?

Esports odds are the likelihood of a particular event occurring in an esports match such as who will win, how many rounds will be, or who will take the most kills. Esports odds are established by bookmakers and act as a betting reference for gamblers to determine how much they can win if their betting attempt is correct. Esports odds level the playing field by illustrating risk versus reward of various betting options.

How it works is pretty straightforward: when a team has a greater chance of winning, the odds provided will typically be less, so your possible payout will be lower. On the contrary, however, if you’re placing a bet on a less popular team or an underdog outcome, the odds are going to be greater—so your return can be greater too, but also the risk involved. 

No matter whether you’re playing Dota 2, League of Legends, or CS:GO, you need to learn about esports odds in order to make wise and informed wagers.

How to Read Esports Betting Odds

When betting in any of the esports betting sites, it always comes along with odds that you need to understand before submitting your bet. So to help you make a more informed decision, here’s the most common type of betting formats and how to read them.

Decimal Odds

It is one of the most common and straightforward types of betting odds among others popular in Europe, Canada, and many parts of Asia. The number you see represents your total payout for every $1 you bet, including your stake.

Examples:

If Team A has odds of 2.50, and you bet $10, you’ll receive $25 if they win (that’s $10 x 2.50). Your profit is $15, and your original $10 bet is included in the return.

Fractional Odds

As the name implies, this odds is presented in fractional odds that are most commonly used in the UK. For instance, in odds like 5/1 (read as “five to one”), the first number shows how much you’ll win compared to the second number, which is your stake.

Examples:

So, if you see odds of 5/1 and place a $10 bet, you’ll win $50 in profit (5 x $10), plus you get your $10 back, making it a $60 return in total.

American Odds

Also known as American odds, this format is mainly used in the United States. It is usually represented as a plus (+) or minus (-) sign. A plus sign shows how much profit you’d make on a $100 bet, while a minus sign shows how much you need to bet to win $100.

Examples:

For example, +200 means a $100 bet would give you $200 in profit if you win (total payout: $300). On the other hand, –150 means you have to bet $150 just to win $100 (total payout: $250).

Which Online Sportsbook Offers the Best Betting Odds?

Finding the top esports betting sites that offers the best odds can make a big difference in your gameplay. Especially considering the fact that not all of them offer the same odds even for the exact same match or event. That’s why here at CasinoRankingSG, let us do the work for you and give you the best sportsbook in Singapore to get started with your betting journey—and the providers they partner with to have an idea for their betting markets.

We have prepared a table and compared each betting site’s features that you might want to consider before clicking the “register” button.

Frequently Asked Questions

What is the most popular esports tournament to bet on?

Among all the esports you can bet on in Singapore, League of Legends (LoL), Dota 2, Counter Strike 2, Overwatch, Fortinite, and Valorant are one of the most popular ones. With their thrilling and exciting matches all year round, you can have the opportunity to enjoy while having a chance to win big.

How do you read +/- odds?

In this betting format, the positive sign represents how much you will make on your bet. While the negative sign indicates how much your need to wager to win. For instance if you bet in a tournament in Dota 2, and the odds are presented as +150 and you bet $100, it means that the total amount you could win if your prediction is correct is $250.

How are esports betting odds calculated?

Esports betting odds vary from one sportsbook to another and they are calculated depending on a variety of factors such as the athlete’s previous performance or their current performance, especially in live betting.