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.
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 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 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.
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.