Esports, or electronic sports, is a form of competition that involves video games. Players compete against each other in various games, including first-person shooters, real-time strategy games, and multiplayer online battle arena games. Esports has grown in popularity around the world, and the Philippines has been no exception. In recent years, esports tournaments have drawn huge crowds, with fans gathering to watch their favorite players compete for huge prizes.
Esports betting has also grown in popularity in the Philippines. Fans can now bet on their favorite players and teams, just like they would with traditional sports. With the rise of esports betting, it is important to understand the ins and outs of this exciting new world.
Popular ESports Betting Sites
There are many different esports betting sites available in the Philippines. These sites offer unique features and bonuses, and are well worth checking out. With the growing popularity of esports in the country, the demand for diverse and exciting betting options has increased. These esports betting sites cater to a wide range of preferences, offering various games, tournaments, and betting markets. Whether you’re a seasoned esports bettor or new to the scene, these platforms provide an opportunity to engage with your favorite games in an innovative way. As the esports industry continues to evolve, exploring these betting sites could add an extra layer of excitement to your esports experience.
Starting bonus package up to 24 000 PHP + 150 Free Spins
Legalities of ESports Betting in the Philippines
Esports betting is legal in the Philippines, but there are some restrictions in place. The Philippine Amusement and Gaming Corporation (PAGCOR) regulates all forms of gambling in the country, including esports betting.
To bet on esports legally in the Philippines, you must use a licensed operator. It is illegal to gamble with unlicensed operators, and doing so can result in fines and other penalties.
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The Future of ESports Betting in the Philippines
The future of esports betting in the Philippines looks bright. With the industry growing rapidly, more and more fans are getting involved in esports betting. The rise of online betting sites has made it easier than ever to bet on your favorite games, and the industry shows no signs of slowing down.
Understanding ESports Betting Odds
One of the most important things to understand when it comes to esports betting is the odds. Odds are used to determine the likelihood of a particular outcome in a game. For example, if a team has odds of 2.0 to win a game, this means that they are expected to win 50% of the time. Decimal odds are the most common in the Philippines, and they are represented as a single number.
How To Read Esports Betting Odds
There are several ways in which esports betting odds can be displayed. Each format has its own way of interpretation, with some being easier to understand than others. Below, we have provided a breakdown of these odds formats along with explanations on how to read and comprehend them. Learning these odds is essential for all your esports bets.
Fractional Odds
This is the most traditional odds format that originated from horse racing and remains the most popular format in the UK and Ireland. With fractional odds, one side of the fraction represents one team/outcome, while the other side represents the other. In its simplest form, fractional odds are easy to understand. For example, if you are backing a team to win at 2/1 with a ₱10 stake, your returns will be ₱20, and the probability of the team winning is 33.3%.
How do we arrive at this conclusion? You multiply your ₱10 stake by the top number (₱10 x 2 = ₱20) and then divide it by the bottom number (₱20 ÷ 1 = ₱20). To calculate the percentage, you divide the total of the two numbers by 100 and multiply it by the second number, which in this case is 100 ÷ 3 = 33.3% x 1. If, for example, you were backing a team with odds the other way around, your winnings would be ₱5 and your winning probability 66.6%.
Decimal Odds
Decimal odds are now the most commonly used esports betting odds worldwide because they are universally understood and easy to read. Unless you’re in the US or the UK, these are the esports betting odds that you are most likely to encounter, so pay close attention.
To calculate your potential winnings with decimal odds, you simply multiply your stake by the odds. For example, if you are backing a team to win with ₱10 at odds of 3.1, your potential winnings will be ₱31. Please note that unlike fractional odds, decimal odds already include your potential winnings along with your stake. To calculate your win percentage, you divide 1 by the odds and multiply it by 100. In this case, it would be (1 ÷ 3.1) x 100 = 32.3%.
American Odds
American odds are only used in the US and sometimes in Canada. At first glance, American odds may seem confusing to sports and esports gamblers from other regions. However, once you understand how they work, you’ll be surprised to find that American odds are actually the easiest to understand. American odds come in two forms – positive and negative numbers.
Positive Number Odds
With positive number odds, the displayed number indicates the amount you stand to win if you bet ₱100. For example, odds of +200 mean that you stand to win ₱200 if you bet ₱100. This does not include your stake, so your profit is only the winnings – similar to how fractional odds are calculated.
Negative Number Odds
With negative number odds, the number indicates the amount you need to stake in order to win ₱100. For example, if the odds are -200, then you would need to stake ₱200 to win ₱100.
ESports Betting Bonuses and Promotions
Esports betting sites offer a wide range of bonuses and promotions for fans. These include welcome bonuses for new users, free bets, and more. It is important to read the terms and conditions of these offers carefully, and to make sure that you understand the requirements before you claim them.
Conclusion
In conclusion, esports betting is an exciting new world for sports enthusiasts to explore. With the rise of esports in the Philippines, there has never been a better time to get involved. By understanding the growth of esports betting and understanding esports betting odds,you can stay ahead in the game and make the most of this exciting new industry.
Yes, esports betting is legal in the Philippines, but it is important to choose a licensed and regulated online sportsbook to ensure a safe and secure betting experience.
What are some popular esports games to bet on?
Some of the most popular esports games to bet on include League of Legends, Dota 2, CS:GO, Overwatch, and Fortnite.
What types of bets can I make on esports matches?
You can make a variety of bets on esports matches, including match winner, total maps played, handicap betting, and in-play betting.
Are there any esports betting bonuses or promotions available?
Yes, many online sportsbooks offer esports betting bonuses and promotions, such as free bets, deposit bonuses, and cashback offers.
Is esports good for betting?
Esports has gained significant popularity in the realm of betting due to its competitive nature and the passionate fan base it attracts. Esports betting offers a wide variety of markets and opportunities to engage with the games you love. However, as with any form of betting, it’s important to approach it responsibly and be aware of the risks involved. Conduct proper research, understand the games and teams, and set limits to ensure a positive and enjoyable betting experience.
Can you make money betting on esports?
Yes, it is possible to make money betting on esports, but it is important to understand that it involves both skill and luck. Successful eSports betting requires knowledge of the games, teams, players, and an understanding of the betting markets. Conducting thorough research, analyzing data, and staying informed about the esports scene can improve your chances of making profitable bets. However, it’s important to approach betting with a responsible mindset, set a budget, and never bet more than you can afford to lose.
