Odds are often used in the gambling world and statistically analysis and so are esports odds. There are various types of odds, Percentages, Fractional odds and Decimal odds. So it’s surprisingly easy to understand, often the esports betting sites will have odds displayed in fractional odds, for example, Team Liquid would have 2/1 over Virtus.pro with 3/1.
So in this example, if you were to place a $10 bet on Team Liquid would gain you $20, with a total of $30.
Esports Betting Odds
Following the uprise of an enormous esports industry, gambling has followed, especially as esports wishes to be similar to the sports industry.
Fractional odds are the preferred type among the UK and Irish bookies and are available at just about any sports betting website. They are written with a slash (/) and look like this:
Team A: 2/1
Team B: 3/1
What these numbers represent is the amount of money that you stand to make as a profit. Placing a $10 bet on Team A would yield you $20 in winnings for a net balance of $30.
Decimal odds are the so-called European odds and they are the primary type to be featured at continental Europe’s sports betting venues. They look like this:
Team A: 2.0
Team B: 3.0
Unlike fractional odds, decimal odds represent the net sum of your bet rather than sheer profit. More specifically, a $10 bet on Team A would yield a profit of $10, for a net balance of $20.
American odds are completely different from the other two types and as you can probably guess, are primarily used by US bookmakers. They look like this:
Team A: -150
Team B: +200
Team A has a minus (-) symbol next to the number. This indicates that Team A is favored to win the matchup, while the number next to it signifies how much you would have to bet to win $100. On the flip side, Team B has a plus (+) symbol next to the number, which indicates that Team B is the underdog in this situation. The number next to it shows how much you would stand to win by betting $100.