Best Esports Betting Guides, Tips & More!
Welcome to MyEsportsBettingOdds.com, your one stop shop for any esports betting related content. We aim to compare the best esports betting providers in order to give you honest reviews, and more importantly esports betting bonuses.
We aim to provide odds comparison and betting tips on major esports tournaments. Furthermore, we cover Counter Strike: Global Offensive, League of Legends, Dota 2, Overwatch, PUBG and more major titles!
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What is Esports Betting?
Esports betting is similar to sports betting, and it follows the exact same rules. The reason why it’s developed so much over the last ten years has to do with the evolution of the esports industry. From relative obscurity, this industry now reaches over 450 million people worldwide and has surpassed the $1 billion mark in terms of yearly revenues.
With more than a dozen important esports titles and hundreds of big tournaments and leagues each year, it’s only natural that esports betting has grown to be what it is today. And with scale comes competition and quality of service. The bookmakers are constantly trying to improve their offers and give you the best deals, not just in terms of odds but also in terms of platform features, welcome bonuses, payment options, and betting markets. In other words, it’s never been easier to bet on esports and to make money online, by putting your esports knowledge to use.
Esports Betting Odds Explained
Esports betting odds come in three varieties: decimal, fractional and American.
These esports betting odds are called decimal because they’re written in decimal form. For example, 2.40 or 1.60. When you see such odds, the only thing you need to know is that your total returns in case of a win are obtained by multiplying your wager with them. So if you’ve wagered $10 on a result whose odds were 2.40, you will get back a total amount of $24. Your profit here is $14.
Fractional odds, as you might have guessed, come in fractional form: 4/1, 6/1 etc. The general form of these types of odds, which is x/y, means that you make a profit of x dollars for every y dollars you bet. If you bet $10 on a result whose odds are 4/1, you will make a total of $40 (profit) + $10 (your wager) = $50.
For many people, these are the most unusual types of esports betting odds in use. And that’s because it’s hard to see what they mean without an explanation. When you see the minus sign (-), that’s the symbol for the favourite team. And the figure followed by it constitutes the amount of money you need to bet to make a profit of $100. When you see the plus sign (+), that’s the symbol for the underdog. And the number that comes after it constitutes the profit you can make for a bet of $100.
Team A: -770
Team B: +590
If you were to bet on team A, you’d have to wager $770 to make a profit of $100 or $870 in total. If you were to bet on team B, your profit for a $100 wager would be $590. So you’d get back a total of $690.
Esports Betting Markets
When you start to engage in esports betting, the first thing you want to know is what the esports betting markets are. And there are many of them. Here’s a short list below.
CS:GO or Counter-Strike: Global Offensive is a highly popular esport with millions of active players and around 50 important tournaments per year. It belongs to the FPS genre, and the esports betting opportunities it provides are in the thousands.
LoL or League of Legends is the most famous MOBA game in the world, being played by over 80 million people. It was launched in 2009 and quickly became a massive hit. One of the reasons why the esports industry and esports betting have grown so fast has to do with the rapid growth of this one game.
In LoL there are 13 official leagues in addition to other big tournaments such as Mid-Season Invitational and the League of Legends World Championship (or Worlds). The most important leagues in LoL are LEC (Europe), LCS (North America), LCK (South Korea), and LPL (China). If you follow these leagues and understand the game, you will no doubt, achieve a high level of understanding regarding the teams. Armed with that knowledge, you can then have a lot of fun and succeed at esports betting.
Dota 2 Betting
Dota 2 is another important MOBA game with a player base of around 8.5 million. Each season, Dota 2 offers a professional circuit that you can bet on, called the Dota Pro Circuit, which contains ten important events and qualifiers for each of them. Every team must qualify for every event, so the number of esports betting opportunities offered by the qualifiers alone is huge. As for the tournaments themselves, they usually last either four or nine days, depending on their type. Minors have $300,000 prize pools and just eight teams, so they last less. Majors have $1 million prize pools and 16 teams. Both of these types of events provide numerous esports betting opportunities.
When the DPC is over, The International takes place. This tournament features 18 teams and lasts for around ten days. In 2019, the event had a prize pool of over $34 million. With so much on the line and so many amazing teams in the race, The International is a great chance to engage in esports betting and put your Dota 2 knowledge to use.
Dota 2 provides all kinds of other tournaments throughout the year. So if you learn about it and its professional scene, you will have plenty of action to bet on.
Overwatch is one of the newer esports titles, but so far, it’s been highly successful. Right now, we’re in the third season of The Overwatch League (OWL), and the competition has 20 participants. Its long duration with all of its stages offers numerous esports betting chances for those who like the FPS genre.
Apart from the esports mentioned above, there are also all kinds of other games that provide esports betting opportunities: Rainbow Six, Call of Duty, StarCraft 2, FIFA, Rocket League, Fortnite and so on.
Esports Betting Sign Up Bonuses
When signing up on the website of one of the best esports betting providers, you will be asked to make your first deposit. This deposit is a great opportunity to get a lot of free money that you can bet with. Bookmakers usually double everything you put in up to a few hundred dollars, but with some strings attached. Otherwise, people would abuse the system. So practically, you will be asked to bet with your bonus money to be able to withdraw it to your bank account.
Sign up bonuses can include other perks too. It all depends on the bookmaker, so have a look around and find the right one for you!
Is Esports Betting Legal?
Esports betting is 100% legal. The question is: does your country have laws against it? Because this is an activity that takes place almost exclusively online, you need to check whether or not the operator is licensed in your country and has the right to operate there. A simple google search will solve the issue. Some countries are completely against gambling in any form, while others are less strict about it.