Learn everything about esports odds here at Bitcasino!

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In the gaming industry, esports is one of the fastest-growing forms of entertainment. What made the industry flourish even more is the emergence of technology that allowed people to access different kinds of esports. All across the world, people are betting on esports tournaments and teams that allow them to have fun and get plenty of chances to take home hefty profits. 

What is esports? 

Esports, or also known as electronic sports, is an activity organized by video gaming companies where gamers take part in competitions and participate in tournaments to win massive prizes. Fans from all over the world can witness the matches in real-time through Twitch and Discord. Some of the most popular types of esports are League of Legends, Counter-Strike, Call of Duty, Overwatch and Madden NFL. 

Is it time to bet on esports now? 

One of the most exciting ways you can enjoy esports is by betting on it. With hundreds of tournaments and leagues, you’ll never run out of odds to place your wagers on. Despite its slow beginnings, esports has gained steady traction in the industry and is now considered one of the most entertaining activities in the world. 

Delve into esports betting here at Bitcasino. Our commitment to the gaming industry will ensure that you get the fun, fast and fair experience you deserve. Here at Bitcasino, you can get updated odds on tournaments that will transport you to the immersive world of esports. 

What are you waiting for? Place your wagers and experience a thrill like never before when you sign up at Bitcasino!

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What are esports odds?

Odds provide the likelihood of winning by providing figures presented in either decimal, fractional or Moneyline form. These odds depict the ratio of the amounts wagered by parties involved in the wager. Depending on the event, there are several outcomes that can take place, as well as two teams involved: either the underdog or favoured team. 

Different types of betting odds 

Fractional odds 

Also known as British odds or traditional odds, this type of betting odds is one of the most popular among players. Usually, this type of format is presented with a slash (/) or a hyphen (-). Fractional odds are the most commonly used formats that you will encounter in online casinos. Here’s the formula for fractional odds: 

Stake x (numerator/denominator) + stake where: numerator / denominator is the fractional odd.

Decimal odds 

Also known as European odds, the decimal format of odds in betting are listings common in countries such as Europe, Australia, New Zealand and Canada. When it comes to simplicity, this type of format is easy to wager on because punters can easily spot the underdogs in sports events. Here’s the formula for decimal odds: 

Total payout stake = Stake x Decimal Odd Number 

American odds 

Also known as US odds, this format is usually used in countries in the United States. Usually, the odds for this are depicted by a minus (-) sign for the favoured team and a (+) sign for the underdog team.

Different kinds of esports betting at Bitcasino 

There are different types of betting types and kinds of odds that can help you make more informed decisions in betting. Here are some of the most common betting types at Bitcasino.

In-Play
In-play betting is one of the most exciting types of betting you can encounter in esports. It allows you to place a wager as the event is ongoing, as well as get real-time updates of the players and teams as the game progresses.

When in-play betting, one of the techniques you can do is get a background history of the teams you’re betting on. Knowing their weaknesses and strengths can help you make more informed decisions in betting.

Moreover, this strategy is ideal for LoL and DOTA. When betting on these games, you can research their team match-up, team/player and hero history to gain insight into the progress of the game.

Take advantage of the continuous updates provided in in-play betting and calculate your odds better so you can have a better idea of your chances to win the bet.

Next 24 hours
Experience more thrill in your betting when you place your wagers in the Next 24 Hours of betting. This type of betting allows you to place a bet on an esports event even before the actual tournament has started. Moreover, you can use the odds from previous matches as a reference to help you make informed betting decisions.

Here at Bitcasino, you can find updated odds for your Next 24 Hours betting needs. Additionally, get real-time updates of game events that can give you an overview of the upcoming match.

Future bets
Future bets is when you wager on a match or event that will conclude in the near future. When you’re doing future bets in esports, the odds are not set in stone because all the game developments throughout the tournament affect it. Meaning, all wins and losses incurred will change the outcomes for both the underdog and the favoured team.

Try out future betting and experience the excitement build up as the tournament progresses! Here at Bitcasino, you can get the best update on events in esports that will make your future betting more entertaining.

Outright betting
Outright betting is when punters place a wager on the outcome of the whole competition instead of just a single match or player. In this type of betting, you can place your bets even if the game has commenced. If you want to make the most out of your outright bets, you can refer to the initial outcomes of the event to guide you before placing wagers.
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Other esports bets with the best odds 

When it comes to esports betting, one of the most important things you should consider is having a diverse set of bets. Being familiar with these can help you shop for more odds that can increase your chances of winning. Here are some of the best esports bets you can encounter: 

First map 

The first map is one of the most exciting bets you can make for first-person shooter games such as Counter-Strike: Global Offensive. In this type of bet, you simply have to bet on which of the teams will win the first map. 

First kill and first blood 

Another popular bet you can make for esports is first kill or first blood. In this type of bet, you have to place a wager on which team can make the first kill in the event. Some of the most common esports games for this are LoL and DOTA 2. 

Odds/under bets 

Odds and under bets are placed on which team will score more or less of the set amount implemented by the betting site. 

Accumulator bets 

Also known as combi-bets, the accumulator bets allows punters to place a wager on the outcome of different esports events. In this type of betting, you can take home more profits if your guess is correct. 

Match winner 

In match winner bets, you will place a bet on which team you think will win the match. One thing you can do to maximize this type of betting is look at the match history of the teams participating in the tournament. 

Esports events with the best odds

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Counter-Strike: Global Offensive (CS:GO)

Counter-Strike: Global Offensive or CSGO is popular for its exciting first-person shooter format. Across the globe, Counter-Strike: Global Offensive has a huge following, mostly players from Sweden. 

All the tournaments for CS:GO are organized by the Electronic Sports League and Esports Entertainment. CS:GO Pro League and the ELeague are some of the most attended tournaments of this game. Here are some of the best bets in CS:GO with the best odds: 

  • Total maps played
  • Total number of rounds
  • Map winner
  • First pistol round winner.

League of Legends 

League of Legends is a Multiplayer Online Battle Arena developed and published by Riot Games. Some of its popular tournaments are the League of Legends Championship Series and the League of Legends Korea. Here are some of the bets you can make for LoL with the best odds

  • First blood
  • First to 10 kills
  • Team to destroy the first tower
  • Team to slay the first dragon
  • What will the first elemental dragon be?
  • Team to slay the first baron
  • Team to slay the first rift herald
  • Team to destroy the first inhibitor.
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Defense of the Ancients 2 (DOTA 2)

DOTA 2 is a Multiplayer Online Battle Arena developed by Valve and is the second instalment of the Defense of the Ancients. Many professional players enjoy DOTA 2 because of its modernized visuals and improved features such as loot boxes and battle passes. 

In this game, two teams with 5 members each will battle each other in a virtual battle arena. Some of the most popular tournaments for this game are DOTA Major Championship and the International. Here are some of the bets in DOTA 2 with the best bets: 

  • First blood
  • Race to 10 kills
  • Team to kill first Roshan.

StarCraft II

StarCraft II is popular among esports fans and players from South Korea. In some online betting sites, Starcraft offers a betting option you can place on the nationality of the winner. The Blizzcon, World Cyber Games and the National Electronic Esports Open are some of the most popular tournaments in Starcraft II. 

Heroes of the Storm

Released in 2015, Heroes of the Storm is an esports game based on titles such as Warcraft, Diablo and Overwatch. Developed by Blizzard Entertainment, this game is popular for its visually engaging graphics and immersive gameplay. Some of the most popular bets you can make for this game are the winner of the tournament and match winner.

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Tips to make the most of your esports betting here at Bitcasino

Learn how to calculate the odds
When you’re wagering on esports it’s important to know how to compute the odds to give you an overview of how much wins you will take home. You can do this by calculating the expected value of bet by multiplying your winning odds probabilities by the amount you’d win.

However, the formula you can use depends on what type of odds are presented in the online casino site you’re using. To help with the calculations, you can use a betting calculator for more accurate results.

Shop for odds
When you’re betting, don’t stick to one shop for your betting. Look for different online casino sites that can give you different odds. Not all casinos give the same odds, so try your luck by shopping lines. Compare odds from different sites and you’ll be surprised at the wide selection of odds you can find.
Look for statistical reports
Betting may rely on luck, but there are ways you can increase your chances of winning. One thing you can do is refer to statistical reports that can help you make well-informed bets.

Go through team rankings, past tournament results, team form guides and fixtures to give you a better overview of the teams you’re rooting for. Here at Bitcasino, you can find the latest information and updates that can help you make the most out of your bets.

Always remember that having a good grasp of the nature of the competition and how the teams participating are faring in the event can give you an advantage.

Play the game and learn the rules
Betting on esports isn’t just about being a spectator as the game progresses. You also need to play the game to understand how it works. Understanding how game models and formats work are important in creating a betting strategy.

For example, when you’re betting on DOTA 2 or LoL, you have to know the game mechanics so you’ll be able to grasp how certain actions from the teams can affect the overall outcome of the game. Go to the battlefield of esports prepared by knowing all you can about the tournament, esports betting strategies, teams and the esports.

Know the teams and players involved
Before betting on a game, you should know the teams and leagues involved. Do your research on the teams, so you’ll have a better understanding of how they have performed in the past.

You can do this by researching how each team performed through their previous match results and history. Analyse how they fared in different tournaments so you can have a guide to use as a reference when you place your bets.

For example, if you’re betting for DOTA, look for the teams participating in the game. Some of the best teams you can wager on are Evil Geniuses, Team Secret and Sadboys.

Watch live stream matches for reference
Live streaming matches is one of the most important things you can do to help you with your betting. Doing this gives you a chance to assess how each team performs real time and analyse the small changes that affect the teams involved. You can do this on sites such as Twitch and Youtube.
Read gaming forums for more insight
The best thing about esport is that it has a lot of forums where fans from all over the world give their opinions on the games or teams. If you want to understand more about a certain team or game, forums like Reddit have communities with esports enthusiasts and players that can provide expert advice and relatable insights.
Try different esports games
Trying different kinds of games is an effective strategy that can help you win in esports betting. Doing this gives you a chance to learn a variety of games that can give you different opportunities in odds, types of bets and leagues.

That being said, make sure that you have a good grasp of the games you want to try out so you can ensure that you won’t end up wasting your wagers.

Track your results and your bankroll
Track your results and your bankroll while you’re betting on esports. It’s easy to get carried away when you’re betting in esports because it’s not like gambling where you’re the one playing at the table. Manage your expenses by scheduling your betting per day, week or month. Doing this can help you prevent losing more money than you intend to.
Look for a good betting site
Make the most out of your bets by using a good betting site. When you’re looking for an online casino, make sure it has all the things you need to give you a good betting experience. Here at Bitcasino, we offer you the latest updates, odds and events that can give you plenty of chances to win! Additionally, we offer a lot of bonuses and perks that first-timer bettors can take advantage of.