Esports betting is growing fast. Beginners need to understand odds to make smart bets. Platforms like Gowin.gg use odds to show bet probabilities. This guide explains how to read them.
Understanding Odds Formats
Esports betting sites use three odds formats: decimal, fractional, and American. Decimal odds are common in Europe. Fractional odds are popular in the UK. American odds are standard in the US. Gowin displays decimal odds by default.
Decimal Odds Explained
Decimal odds show the total payout for a winning bet. For example, odds of 2.50 mean a $10 bet wins $25 ($10 x 2.50). The number includes the original stake. Higher odds mean lower probability.
Fractional Odds Explained
Fractional odds show profit relative to the stake. Odds of 5/1 mean a $1 bet wins $5 profit plus the $1 stake. This website supports fractional odds for users who prefer them.
American Odds Explained
American odds use (+) for underdogs and (-) for favorites. +200 means a $100 bet wins $200 profit. -150 means a $150 bet wins $100 profit. It offers American odds for US bettors.
Calculating Probability from Odds
Odds reflect implied probability. For decimal odds, divide 1 by the odds. Odds of 2.00 imply a 50% chance (1 / 2.00 = 0.50). It updates odds based on real-time match data.
Comparing Odds Across Markets
Different bookmakers offer different odds. It provides competitive odds for esports like League of Legends and CS2. Always compare odds before placing bets.
Live Betting Odds
Live odds change during matches. It updates odds dynamically based on in-game events. Quick decisions can lead to better payouts.
Managing Risk with Odds
Low odds mean safer bets. High odds mean riskier bets. It suggests balanced betting strategies for beginners.
Conclusion
Reading odds is essential for esports betting. This website makes it easy with clear formats and real-time updates. Start with small bets to practice understanding odds.