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Effective Betting Strategies: How to Bet on Esports 2024

Published: 2 months ago

Placing bets on eSports is pretty easy. Knowing the basics is essential to understanding how to bet on eSports. eSports games are video games played between two individuals or teams. Sportsbooks compile schedules of upcoming eSports matches, known as fixtures, allowing bettors to place bets on their favorite events.

Some popular eSports games include Dota 2, Valorant, Rocket League, Leagues of Legends, Fortnite, and Counter-Strike Global Offensive (CS:GO).

The most common eSports betting options

Major eSports events feature several betting options, and understanding these options is crucial to making informed decisions and taking advantage of the various betting opportunities available. I'll break down the popular types of eSports markets below.

Point Spread

While this kind of bet is less common in eSports than other US sports, you'll find it online for matches involving multiple maps or games. Here, the favorite receives a map handicap, while the underdog gets a map advantage. The actual outcome must cover the selected point spread.

Totals (O/U)

You'll often come across the main total bet, commonly displayed as O/U (Over/Under) online. The details vary depending on the game, but it typically refers to the total number of points scored, kills, or maps played by both teams combined. Essentially, you're wagering on whether the total will exceed (Over) or fall short (Under) of a predetermined number set by the bookmaker.

Futures

Future bets allow you to wager on the outcome of an event that will happen later on. Sportsbooks often offer futures for eSports events even before the tournament begins — think tournament winners or championship titles.

Parlays

A parlay bet is a combination of multiple bets. To create a parlay, simply add selections to your slip in the parlay tab and enter your bet amount. All your selections must be spot on to win —even if one selection is incorrect, the entire parlay bet loses.

Prop bets

If you're new to sports or eSports betting, you may wonder, "What are prop bets?" Prop or proposition bets are wagers on specific events or an individual player in a game unrelated to the overall match outcome. In eSports, prop bets can include the number of destroyed towers, the first team to kill the Baron, etc. The bigger the game, the more prop bet options you'll find.

Understanding eSports odds

Odds play a significant role in determining your winnings in eSports. These odds vary based on the market and can help indicate which team is favored to win and which is considered the underdog.

When choosing an eSports betting platform, ensure its odds are competitive. These sites also use different eSports odds formats, as explained in the table below:

Decimal oddsThis odds format, commonly used across Africa and Europe, is easy to understand. The single decimal number represents the return on a $1 stake. For instance, a $5 stake on 1.5 odds will get you $7.5
Fractional oddsThe most popular across Ireland and the UK. It always comes in fractions.

To calculate the return: Total payout = (stake(fractional odds)) + stake.

If you stake $5 on a fractional odds of 5/1, you'll get a total return of $30
Moneyline (American odds)The most common market in US eSports betting is the moneyline bet. It's easy to understand — a '+' sign indicates the underdog, while a '-' sign shows the favorite. The number value displays the potential payout for a correct bet. For instance, a +120 moneyline implies that a $100 bet wins $120, while a -120 moneyline means a $120 bet wins $100

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How to bet on eSports (live games)

Several sportsbooks offer live eSports betting. But what exactly is in-play betting explained in simple terms? In-play betting, also known as live betting, allows you to place bets on a game while it's still on. The odds fluctuate based on the game's progress, so the ideal live eSports betting strategy requires quicker bets to capitalize on the situation.

Most betting platforms offer live streaming via Twitch, enabling you to watch the game on the same page as the betting markets. I also noticed that live events have fewer options and markets often close early.

Strategy for betting on eSports — How to bet on eSports and win

Now that you've understood how to bet on eSports, it's time to learn the best strategy for betting on eSports. To increase your winning chances, I'll share some expert tips to note:

No rushing

I always advise exercising caution when betting on sports, especially at the beginning of a major tournament. Teams often come in with specific strategies, and surprises are common in the early stages. It's better to wait and see how things unfold.

Find the right spots

Identify the sweet spots with the most favorable odds. Betting on your favorites for small gains can backfire as you could exhaust your bankroll after losing a few bets. Instead, look for underdog teams with hidden strengths or favorable matchups that aren't reflected in the odds.

Place small bets

I advise placing small bets consistently throughout the tournament rather than going all-in on a few high-stakes matches. This strategy allows you to spread your risk rather than putting all your eggs in one basket.

Consider the tournament type

Stage nerves can get the better of players in live eSports tournaments, leading to mistakes. In these high-pressure situations, experienced teams often have an edge. Also, consider how time zones can play a significant role in international competitions, with some teams benefiting from more favorable scheduling.

Use different bookmakers

Why use multiple sportsbooks? For starters, registering with different eSports betting platforms enables you to shop around for the best odds and bonuses. That way, you can compare odds, lines, and markets to ensure you get the most value for your bets.

Pros and cons of eSports betting — The good and the bad

Before wrapping up on this betting guide, I should inform you that eSports has its advantages as well as drawbacks. Here are its most notable pros and cons:

Pros & Cons
Pros & Cons
  • It's easy to play
  • The advantage of volume
  • Comparatively good odds
  • Improved decision making skills
  • Choosing the right team can be challenging

Conclusion — Start placing bets on eSports

Placing a bet on eSports is straightforward as long as you're adequately prepared and have every aspect of betting covered. I've revealed the most common eSports betting options, popular odds formats, how to place live bets, and the best strategy for betting on eSports.

I'll also suggest carefully analyzing each factor likely to influence the outcome of your eSports bet. Be prepared to adjust your betting strategy if necessary.

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Strategy for betting on eSports FAQs

🎮 Can I bet on live eSports games?

Yes, you can place bets on live eSports games, as it's a popular option among sportsbooks. I suggest choosing a betting site that offers live-streaming features. These features allow you to watch the event in real-time and make informed decisions.

🔎 How do you bet on eSports online?

Betting on eSports online is easy. Simply register with a sportsbook, fund your account, and explore the various eSports games offered. Choose the match you're interested in, add bet selections to your slip, enter your stake amount, and confirm the bet.

👀 Which eSports games are the most beginner-friendly for betting?

If you're new to eSports betting, starting with games you know and love is ideal. While some games require more skill, popular options like Counter-Strike are great for beginners. It's an exciting game to watch, and its straightforward gameplay makes it easy to understand.

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