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Dominate the esports betting scene here at Bitcasino

In a world where competitive gaming is thriving, standard video gaming has turned into an exciting and fun event where players from all over the world can face off on the battlefield. With these matches and tournaments come thrilling bets that allow spectators to participate in the games. Adding to the fun of betting for your favourite teams are odds that help you determine if you’re on your way to winning.

Get to know more about esports odds to make the most of your betting experience right here at Bitcasino! 

What is esports?

Esports is competitive video gaming for professionals through desktop and console games. Competitors from different teams across the world face one another online in competitions and finally go head to head in tournaments to determine the winner.

Some of the most popular esports games today include:

  • Counter-Strike: Global Offensive
  • Defence of the Ancients 2 (Dota 2)
  • League of Legends
  • Fortnite
  • Call of Duty
  • Rainbow 6
  • Overwatch
  • PUBG
  • Hearthstone.

Depending on the game, each tournament has its own rules. These tournaments usually make worldwide headlines and attract spectators and gamers alike to watch the competitions unfold. Spectators can watch matches at a live physical location where the tournaments are held or via streaming networks that broadcast matches in real-time. 

Along with this, bettors can place bets on individuals and teams who are most likely to stand out on certain rounds like first blood, knife round and others. There’s a wide range of bets you can make on the games and it’s up to you on how to utilize them. With esports bets, spectators can participate in a game without having to play themselves.  

Esports odds: What is it?

Esports odds show the likelihood of a specific result such as the probability of your favoured team winning in a tournament. However, odds can be shown differently depending on the sportsbook site. These can come in three different formats: Decimal, Fractional and American odds.

Decimal odds

This type of betting odds is in decimal form and is one of the most commonly used odds in esports since it’s easy to understand even for beginners. 

Here’s the formula for the Decimal odds:

Total payout stake = Stake x Decimal Odd Number.

Fractional odds

Fractional odds are more popular in the United Kingdom. One thing you should remember about this type of odds is that they do not include your original bet amount. For instance, betting on Evil Geniuses in Dota 2 at fractional odds of 3/8 means that for every €8 you wagered, you would get €3 in return.  

Here’s the formula for the Fractional odds:

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

American odds

The American odds are also known as the US odds because they are usually utilized in the country. This type of betting odds uses a minus (-) and a plus (+) sign to indicate the odds. The minus sign means favourable team while the plus sign means underdog.

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Esports betting for beginners

There are different types of betting you can make depending on your betting knowledge. However, even if you’re just a beginner, you can already dive into the world of esports betting by understanding how each bet works below! 

Here are some esports betting for beginners:

Real money betting
Real money betting is considered the most similar to traditional sports betting on sports like football, basketball, golf and others. In this type of betting, you stake real money at agreed odds and get paid if your predictions are true.
Skin betting
Skin betting is one of the latest and most popular types of betting in esports today. It involves virtual items players have won or purchased in the game that can be exchanged for virtual chips.

A lot of video games these days feature virtual currencies and tools that can be given from one player to another. Since it’s frequently sought-after by many players, auction and trade websites have emerged to cater to these exchanges. These platforms allow players to buy, sell and swap items of great value within the game.

For instance, a player can sell their rare item at a certain price and other players can bid as much as they want to acquire it.

Social betting
Social betting is a type of betting wherein a group of people can place bets for fun, either involving real money or game items. Most of the time, bettors bet for skins and other tools in a game. These are informal bets in social settings wherein the terms of the bets are decided upon by the involved parties depending on the item up for betting.
Challenge betting
Challenge betting is also known as head-to-head betting because players compete against each other to win real money, skins or other items featured in a game. With this type of betting, players can arrange bets among themselves and agree on the outcome of the contest.

Types of esports bets you should know

For each game, there are different types of bets you can place such as Draw, Group Winner, Handicap bet, and more. These bets are straightforward to understand that’s why a lot of bettors utilize them the most when betting on a game. 

Here are the types of esports bets you should know:

Draw
A Draw is possible in some esports games. This type simply means that you’re placing a bet on the outcome where there are no winners.
Match Winner
As its name suggests, Match Winner means you’re placing a bet on the team or player that you think will win in the game. This type of bet can be made even before the game begins, giving you a chance to think about your decision carefully.
Handicap bet
Also known as ‘Spread betting’, a handicap bet is beneficial especially when there’s an obvious favourite group in a match or tournament. Handicap betting entails giving or removing round wins to one of the teams participating in the game before the round begins. This will give teams that are likely to lose an advantage over the teams that are likely to win.
Over and Under bets
The Over and Under bets allow you to wager on the number of times an event can occur throughout the match. For example, predicting that the overall match score for Dota 2 is either Over or Under a specific number established by the sportsbook.
Odd or Even bets
Similar to the Over and Under bets, the Odd or Even is about wagering on the possibility that there’s an odd or even number of events in a certain game. For instance, betting an odd or even number as the total number of kills that a team will make in a CS:GO tournament.
Correct score
Correct score is a type of bet that allows you to predict the winning score of the game, for example, 3-2, 3-1, 3-4 and so on. However, this can depend on the type of game you’re wagering on because not all esports games have the same scoring format.
Total rounds
As its name suggests, Total Rounds bets mean that you’re wagering on whether the total number of rounds will go over or under a certain number of rounds indicated by the site.

Esports betting types at Bitcasino  

Bitcasino offers exciting betting types you can wager during matches and tournaments such as the In-Play and Next 24 Hours bets. Learn more about the types of bets you can make at Bitcasino below:

In-Play
In-Play is one of the most exciting types of betting in esports because it allows you to wager while a match or tournament is on-going. You can base your decision on recent updates on the teams and players since odds can change within seconds as the match progresses.

What’s good about the In-Play bet is that you’re allowed to observe what is happening and how the teams are performing before placing a bet. This way, you can have better judgement and decide on what bet to place.

Additionally, to help yourself decide or form a winning betting strategy, you can do some research on the teams that will be participating beforehand to know how they play, their strengths and weaknesses and so on.

Next 24 hours
With the Next 24 hours bet, you can place a bet on a game before the actual match starts. The teams and players who will compete, as well as the match time, will be displayed.
Future bets
As its name suggests, Future bets mean placing a bet on a match or tournament that will take place soon. Odds will change throughout the match as it is broadcasted since the progress of the teams and developments in-game will affect them.

Just like the next 24 hours bets, this type of betting gives you the chance to search about the teams participating in the different esports so you can decide which one to root for.

Outright betting
With Outright betting, you can place a bet on the outcome of the whole match or tournament. Instead of betting on an individual player or a team, you predict the result of the final game.

Special types of bets with great odds

In esports, there are special types of bets that are made specifically for esports video games. Unlike the previous types of betting that can also be placed in other sports such as football, basketball, hockey and others, the types of bets included in this section can only be placed for esports games. 

Additionally, these bets are considered rare and specific to certain games. What’s more, these bets also have greater odds compared to other betting types. If you want to make the most out of your betting experience, learn more about these exotic esports bets:

First map

The first map is one of the top bets placed in esports games. This bet is placed on the team that you believe will win the first map. All bets on the map are void when none of the teams win the map or if the map is set by default. 

First Blood

First Blood is a bet placed on the team that first executes someone from the opposing team. Some of the games that have First Blood bet are League of Legends, Dota 2 and Counter-Strike: Global Offensive. 

Knife Round

The Knife Round bet can be placed in Counter-Strike: Global Offensive. For this, you’re betting on the team that will score the first kill of the Pistol Round.

Next Kill

For the Next Skill bet, you will be betting on the team that will score the next execution on the map. 

Score the Most Kills

As its name suggests, this type of bet is placed on the team that you believe will score the most kills throughout the game.

Next Round (CS:GO)

This bet is placed on the team you believe will win the next round. It’s also often found in Counter-Strike: Global Offensive.

Next Fort (Overwatch)  

Next Fort is specifically made for Overwatch. For this bet, you’re betting on the team that will destroy the Next Fort. 

Total Towers Destroyed (League of Legends)

For this one, you’re betting on the total number of towers destroyed throughout the game in League of Legends.

First Baron/Dragon (League of Legends)

This bet is straightforward because you’ll be placing a bet on the team that will execute the first baron or dragon in League of Legends.

Esports games with great odds

There are a lot of esports games online and you can choose which ones to bet on from Bitcasino’s extensive selection. These games have won the hearts of millions of players because of their engaging gameplay, high-end graphics and competitive nature, especially when it comes to professional matches and tournaments. 

To know which games to bet on, find out more about some of the top games with great odds in the world of esports:

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Counter-Strike: Global Offensive (CS:GO)

Counter-Strike: Global Offensive (CS:GO) is one of the top esports games in today’s modern world of gaming. CS:GO is a multiplayer first-person shooter (FPS) game released by Valve and Hidden Path Entertainment in 2012. 

For this game, two teams—the Terrorists and Counter-Terrorists—will try to eliminate each other. The Terrorists need to plant and detonate a bomb to try and kill the opposing team while the Counter-Terrorists try to defuse the planted bomb while also targeting the Terrorists. 

CS:GO has a major tournament called CS:GO Major Championships that is composed of three stages: The New Challengers Stage, The New Legends Stage and The New Champions Stage. 

Here are CS:GO’s bets with great odds:

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

Defence of the Ancients 2 (Dota 2)   

Another popular game that offers great odds is Dota 2. This is a multiplayer online battle arena (MOBA) game that was released by Valve in 2013 as a sequel to Defence of the Ancients (DotA). 

Dota 2 is a video game where two teams of five players compete to destroy the opposing team’s base called ‘Ancient’. As players progress through the game, their heroes can gain gold and become stronger.

Dota 2 has the most popular tournament among all esports games. The International or TI, as most players call it, is a tournament in Dota 2 where players from different countries across the world compete against each other. The tournament is composed of three stages that players have to go through: the Group Stage, Main Event and Grand Final Match. 

Here are Dota 2’s best bets with great odds:

  • First blood
  • Race to 10 kills
  • Team to kill first Roshan.
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League of Legends (LoL)

League of Legends offers thrilling gameplay and creative concepts that a lot of players enjoy. Like Dota 2, LoL is also a MOBA game that was released by Riot Games in 2009. 

The game is played between two teams of 5 players that compete to protect their bases known as Nexus. Players can earn experience points (XP) and gold by defeating opponents, minions and jungle creatures. The XPs raise the player’s level, which can reach up to level 18.

League of Legends has an annual championship tournament called The League of Legends World Championship or simply known as Worlds. The tournament is composed of three stages: the Play-In Stage, Group Stage and Knockout Stage.

Here are LoL’s bets 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.  

Explore the world of esports betting here at Bitcasino when you bet on esports games with the best odds! Maximize your chances of winning by knowing all about esports, teams, and tournaments here.