How Esports Betting Odds Are Calculated?

Have you ever wondered how esports betting odds are calculated? Well, wonder no more! In this blog post, we’ll walk you through the process step-by-step.

Introduction

Odds are an essential part of any bet. They can vary depending on the bookmaker, but they all indicate the same thing – how likely an event is to happen. esports betting odds are no different.

The most common format for esports betting odds is the decimal system. This is the same as used in conventional sports betting, and it’s relatively easy to understand. The number displayed indicates the total return you will receive if you make a successful bet, including your original stake.

For example, let’s say you bet on Fnatic to win against G2 in an best-of-one match at CS:GO ESL One Cologne 2020. The decimal odds for this match might look something like this:

Fnatic: 1.60
G2: 2.30

This means that if you bet $100 on Fnatic and they win, you will receive a total of $160 back – your original stake of $100, plus $60 in winnings. Similarly, if you bet $100 on G2 and they win, you would receive $230 back – again, your original stake plus $130 in winnings.

The Different Types of Esports Betting Odds

Esports betting odds can be confusing for new bettors. There are a lot of different types of bets that can be placed on esports matches, and each type of bet has its own odds. In this article, we’re going to break down the different types of esports betting odds and help you understand how they work.

Moneyline

The moneyline is the most common type of esports betting odds, and it simply denotes how much money you will win if you bet on the correct outcome. For example, let’s say that the moneyline for an esports match between Team A and Team B is set at -110/-110. This means that if you bet on Team A to win, you will need to risk $110 to win $100. Likewise, if you bet on Team B to win, you will need to risk $100 to win $110.

Decimal

Decimal odds are the simplest format and are popular in Europe. All you have to do is multiply your bet by the decimal odds to calculate your potential winnings. (For example, if you bet $10 at 2.00 decimal odds, your potential winnings would be $20.)

Fractional
Fractional odds are popular in the United Kingdom and are also used in horse racing. To calculate your potential winnings with fractional odds, you simply multiply the amount you bet by the top number in the fraction and divide it by the bottom. (So, if you bet $10 at 3/2 fractional odds, your potential winnings would be $15.)

American (Moneyline)
American odds are very popular in the United States, especially when betting on basketball and football games. To calculate your potential winnings with American Odds, you either add or subtract a given percentage from 100, depending on whether the odds are positive or negative. Then, you multiply this number by your stake to determine your potential winnings. (If you bet $10 at +200 American Odds, for example, your potential winnings would be $30.)

Fractional

The fractional odds system is one of the most popular ways to bet on sports in the UK and Ireland. In this system, the odds are presented as a fraction, with the stake being the numerator (the number above the line) and the winnings being the denominator (the number below the line). For example, if you were to bet £10 on a sporting event with odds of 1/2, your total return would be £20 – your original £10 stake plus £10 in winnings.

How Are Esports Betting Odds Calculated?

Before placing a bet, it is important to understand how the odds are calculated. Odds are determined by bookmakers and they are used to reflect the probability of an event happening. The higher the odds, the less likely the event is to happen. When it comes to esports betting, the odds are calculated in a similar way.

The Bookmaker’s Margin

The bookmaker’s margin is the percentage that the bookmaker keeps of the total amount staked on a particular market. For example, if you stake €100 on an event with odds of 2.00 (1/1), and the bookmaker has a 5% margin, then your payout will be calculated as follows:

100 x (2.00-1) = €100

The bookmaker’s margin is thus 5%, and so your payout will be €95.

The higher the bookmaker’s margin, the less likely you are to make a profit from your bets in the long run. That’s why it’s important to choose a bookmaker with low margins, so that you can maximise your chances of making a profit.

Probability

Odds represent the probability of an event occurring and are usually expressed as a ratio. In the case of esports, these ratios are used to determine how much you’ll win if you bet on a particular outcome.

To calculate decimal odds, simply take the number on the left of the dash and divide it by the number on the right. For example, if you see odds of 2.5-1, this would be calculated as 2.5/1=2.50. This means that for every $1 you bet, you would win $2.50 if your bet was successful.

The other way to express esports betting odds is with implied probability. To calculate this, simply take the number on the right of the dash and divide it by the sum of both numbers (on left and right of dash). So, for our example above 2.5-1, we would have 1/(2.5+1)=0.33 or 33%. This means that there is a 33% chance that this particular outcome will occur.

You can convert decimal odds into implied probability (or vice versa) using a simple formula:

Implied Probability = 1 / Decimal Odds

Conclusion

In order to calculate betting odds for an esports match, bookmakers firstly convert each team’s chance of winning into a probability. They do this by using the implied probability formula:

Odds (in decimal form) = 100 / Probability (%)

For example, if a team has a 50% chance of winning, their odds would be 2.00 in decimal form.

Once both teams’ chances of winning have been converted into implied probabilities, the bookmaker will set their lines. The line is simply the odds for each team, with the favorite being given shorter odds (i.e. lower probability) and the underdog being given longer odds (i.e. higher probability).

For example, if Team A has an implied probability of 60% and Team B has an implied probability of 40%, the bookmaker might set the line as follows:

Team A: 1.67 (-150 in American Odds)
Team B: 2.50 (+250 in American Odds)

This means that if you bet on Team A to win, you would need to risk $150 in order to win $100 back (including your original stake), while if you bet on Team B to win, you would need to risk $100 in order to win $250 back (including your original stake).