How to read esports odds
Understanding esports odds is crucial for anyone looking to engage in betting within the esports industry. Odds represent the likelihood of a specific outcome occurring and determine how much you can win from a bet. This article will guide you through the different formats of esports odds, how to interpret them, and how to calculate potential winnings.
Types of Esports Odds
Esports odds are typically presented in three main formats: fractional, decimal, and American (moneyline). Each format has its unique characteristics and methods for calculating potential payouts.
Fractional Odds
Fractional odds are one of the oldest forms of betting odds and are commonly used in the UK. They are expressed as a fraction, such as 4/1 or 11/5. The numerator (the number on the left) represents the potential profit, while the denominator (the number on the right) indicates the stake required to achieve that profit.
How to Calculate Probability:
To convert fractional odds into a probability percentage, use the formula:
Probability=DenominatorNumerator+Denominator×100Probability=Numerator+Denominator
Denominator×100
For example:
- Odds of 4/1:Probability=14+1=0.20 20 chance Probability=4+11=0.20 20 chance
- Odds of 11/5:Probability=511+5=0.3125 31 25 chance Probability=11+55=0.3125 31 25 chance
Read: Esports trading vs traditional sports betting
Decimal Odds
Decimal odds are increasingly popular due to their simplicity and ease of understanding. They are expressed as a single number, such as 2.0 or 3.5, representing the total return on a winning bet, including your stake.
How to Calculate Probability:
To find the implied probability from decimal odds, use the formula:
Probability=100Decimal Odds
Probability=Decimal Odds100
For example:
- Odds of 2.0:Probability=1002=50%Probability=2100=50%
- Odds of 3.5:Probability=1003.5≈28.57%Probability=3.5100≈28.57%
Calculating Winnings: To calculate potential winnings with decimal odds, multiply your stake by the decimal odds:
- For a £10 bet at odds of 3.0:£10×3.0=£30 total return £10×3.0=£30 total return
American (Moneyline) Odds
American odds can be more complex but are commonly used in the United States. They can be either positive (+) or negative (-):
- Positive Odds: Indicate how much profit you would make on a $100 bet. For example, +200 means a $100 bet would yield $200 in profit.
- Negative Odds: Indicate how much you need to bet to win $100. For example, -150 means you need to bet $150 to win $100.
Calculating Winnings:
- For +200: A $100 bet would return $300 ($200 profit + $100 stake).
- For -150: A $150 bet would return $250 ($100 profit + $150 stake).
Reading esports odds is fundamental for successful betting in this rapidly growing industry. Understanding fractional, decimal, and American odds allows bettors to make informed decisions based on their analysis of match outcomes and probabilities. By mastering these concepts, you can enhance your betting strategy and potentially increase your chances of success in esports trading
Read: Risks of esports trading
