CSGO Betting Odds
Esports betting odds represent, in numerical form, the bookmaker’s estimate as to the probability of a certain event happening, i.e. how likely it is that a particular team will win a match over their opponent. They are computed based on the teams’ past win-loss record and other factors that could possibly affect the outcome.
For instance, let’s say Space Soldiers and Rogue are playing against each other. They have faced off ten times before and the former has won six times and the latter, four. This means that all things being equal, Space Soldiers has a higher probability of winning the match. Of course, there are other factors that may affect the outcome. For instance, if Rogue is playing at their hometown, this may make it slightly more probable that they would win.
Different ways to express csgo odds
Odds can be expressed as a fraction – 4/6 in favour of Space Soldiers or 6/4 for Rogue. If the numerator is higher than the denominator, then the outcome is the odds-on favourite; if lower, then the outcome is odds-against.
You can also use the odds to compute the probability in per cent of the outcome happening. For instance, the probability of Space Soldiers winning is 6/(4+6) x 100. This means they have a 60% probability of winning the match.
With fractional odds, the numerator is the number of your winnings and the denominator is how much you have to bet to win that amount. Thus, if you bet on Space Soldiers, you would win $4 for every $6 that you bet. If you bet on Rogue, you would win $6 for every $4 that you bet.
American markets express odds as a whole number with a positive or negative sign depending on whether the odds are in favour or against the outcome. For example, the odds for Space Soldiers are 10/6 x 100 = +167 and those for Rogue are 4/6 X 100 = -150. Thus, they are known as American odds.
With American odds, winnings are computed based on an assumed bet of $100. The positive number indicates how much you will win for every $100 bet and the negative number is the amount you have to bet in order to win $100. Of course, you can bet the amount you want with the sportsbook. Your winnings are computed as follows:
- For positive odds = odds x (bet/100)
If you bet $15 on Space Soldiers, you would win = 167 x (15/100) = $25.05
- For negative odds = (100/odds) x bet
Thus, for your $15 bet on Rogue, you would win = (100/150) x 15 = $10
UK and European sportsbooks use decimal odds. They are computed as such – for Space Soldiers = 6/(4+6)+1 = 1.6 and Rogue = 4/(4+10)+1 = 1.4.
You can also use the odds to compute how much you will win if the bet is successful.
Decimal odds winnings are the easiest to compute. All you have to do is multiply your bet amount by the odds. For instance, if you bet $10 on Space Soldiers to win, you would get back 10 x 1.6 = $16. However, since you would get back your original $10 bet, your actual winnings would only be $6.
The best way how to Bet on CSGO
Now that you understand odds, how can you use them to bet on CSGO? Basically, the odds allow you to see which team or player is more favoured to win and how much you could win if you bet on them. You can then decide if the bet is worth is based on how much you would have to wager.
You can also try making other types of bets based on the CSGO betting odds that are offered. The basic CSGO bet that you can make is called the Moneyline. It just means that you will bet on one of the two teams in a match that you think will win.
But you can also make special bets based on the particular circumstances in CSGO. For instance, you can wager on which team will win a particular Map. This can be exciting since the odds for a particular team are different when they are taking on a certain Map compared to their odds based on how likely they are to win the overall match.
In addition, if two teams are seen to be particularly mismatched, i.e. one team is much stronger than the other, then the sportsbook may offer a handicap bet. In the typical Moneyline bet, betting on the stronger team would give a very low return, thus making the bet unattractive to bettors. In Handicap bets, the sportsbook gives the weaker team an advantage, i.e. awarding them a certain number of maps. This will even the odds between the two teams, making the winnings for the stronger team higher.
Esports Betting Sites Offering the Best CSGO Betting Odds
Betway is one of the leading brands in the online sportsbook industry and is the flagship of the international Betway Group that operates in regulated markets all over the world. Aside from CSGO, it also offers odds for many of the most popular esports, including DOTA 2, Starcraft 2, Overwatch and LoL.
To assure players that its operations are trustworthy, it has voluntarily self-regulated by submitting to accreditation and certification by UK-based eCOGRA, a global testing organization that sets standards for player protection.
Betway offers a wide range of odds and bet types for esports. Odds are expressed in fractional format. Some fans have also noted that their odds offer good prices.
Rivalry is a relatively young sportsbook that was established in February 2018 and is dedicated to esports betting. The people behind it are also esports fans and this means that the site knows how to give them a positive experience. Aside from CSGO, it also offers odds for DOTA 2, LoL, Call of Duty and Starcraft 2.
Although there is no welcome bonus for new players at present, Rivalry has a VIP program that gives you rewards for completing various missions, allowing you to win up to $350. However, promotions are subject to change so be sure to check out the site first before you sign up.
Arcanebet is another dedicated esports site that has become known as a popular destination for CSGO betting odds since it offers markets on the most popular events such as premiere CSGO tournaments. In addition to CSGO, it also offers odds on a variety of other esports, including some smaller ones like Halo and Vainglory.
Arcanebet offers a welcome bonus to new players that will match the amount of your first deposit up to 100 USD/EUR. All you have to do is make an initial deposit of at least 10 USD/EUR and you will get a 100% match bonus that will be credited directly to your account.
You can avail of a wide range of odds on CSGO as well as a variety of bet options. Aside from Moneyline bets, you can also make over/under bets and special bets. Its odds are also some of the most competitive in the market.
More About CSGO Betting Odds
One of the most important things to remember about CSGO betting odds is that they will vary from sportsbook to sportsbook. The reason for this is that every bookmaker who sets odds has their own approach to betting odds. They may also have information that other sportsbooks don’t have, which would affect the odds they give.
In addition, odds will also change as the time of the match approaches. For instance, if there are a disproportionate number of bets for Team A, this would result in an uneven book meaning that they would lose money on one team and only profit on the other. Thus, the odds makers would lengthen the odds on the other player and shorten them on the player taking all the money, to encourage more people to bet on Team B and even the books.
Thus, when you are looking for the best CSGO betting odds, you should not only compare the odds offered by different sportsbooks but also be alert to changes in odds. Keep in mind that when you make a bet, it is for whatever the odds are at the time. Even if the odds drastically change the sportsbook will not change the odds on your bet. Thus, if you see more favourable odds, you will have to make another bet.
How Can You Choose the Best Betting Odds?
In a word, no. It is very challenging and requires a lot of hard work. But if you are willing to put in the effort, you will find that esports betting can be very rewarding. The first step is to look at how they express their odds. Do you feel comfortable enough with their odds that you can make informed bets? If not, can you convert the odds to ones that you understand?
In addition, you should be able to use the odds to make value bets, that is, bets that will allow you to make money consistently over time. This means that you will only make bets when the odds are in your favour. It does not mean simply betting on whoever is the favourite since while you will likely win your bet, you will also not make a lot of money.
Thus, you should make sure that you thoroughly understand how Counterstrike: Global Offensive is played before you start making bets. This will help you to better decide which team is more likely to win by taking all the factors into account rather than just relying on the CSGO betting odds set by a bookmaker.
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Esports betting is a complex market. There are many things you need to understand – from the video game itself to the players to the process of betting with a site, it is a busy and massive industry.
But at the end of the day, it’s just another market. It has its vulnerabilities and its shields. In a way though, it is far different than any other industry. Once upon a time, video games were just games. Who knew that games would give birth to a whole new sport, and a whole new form of gambling? Who knew that you could profit off magic spells and fictional characters?
But alas, the industry has shaped itself- and it continues to evolve.