How does eSports betting work and what should I know to get started?
eSports betting is similar to traditional sports betting but comes with its own unique features and nuances. To get started, it’s important to understand the basics of betting odds, manage your bankroll wisely, and stay informed on key factors that impact performance in eSports competitions. Here’s a guide to help you enter the world of eSports betting!
Understand the Odds
Odds reflect how likely a certain outcome is, and they can be displayed in different formats:
- Decimal Odds: These are the most common in eSports betting. For example, 2.00 means that for every $1 bet, you win $2 (including your original stake)
- Fractional Odds: e.g., 5/1 means a $1 bet wins you $5.
- Moneyline Odds: Positive odds (e.g., +200) show how much you can win from a $100 bet, while negative odds (e.g., -150) show how much you need to bet to win $100.
Manage Your Bankroll
- Set a Budget: Decide how much money you’re willing to risk and stick to it. Only bet what you can afford to lose.
- Bet Small: When you’re starting out, consider betting smaller amounts to minimize risk while you get the hang of how eSports betting works.
- Use Betting Strategies: Some players use strategies to help manage their bankroll, while others prefer more conservative approaches (e.g., flat betting a set amount on each bet).
Stay Informed About Events and Meta Changes
- Meta Shifts: In eSports, especially in games like LoL or Dota 2, the game’s meta (the most effective strategies and team compositions) can shift frequently due to patches and updates. Keep an eye on the latest changes to stay ahead.
- Tournaments and Events: Major tournaments, such as the League of Legends World Championship, The International (Dota 2), or CS Majors, often attract big betting volumes and have higher stakes.