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The esports industry has seen remarkable growth in Southeast Asia over the years, owing to more and more people seeing the potential of making a career in the sector. The fanbase for various esports games is also constantly growing, with some players and teams having the same pull as clubs in traditional sports.
But apart from the ever-growing number of supporters, esports has also slowly built its reputation in the betting industry. Countless bettors are slowly getting interested in esports betting that many Malaysia online casino offer nowadays. And over the past decade, the number of physical and online casino in Malaysia that provides esports betting options, ranging from outright bets to in-game wagers.
Most esports betting markets in a live casino in Malaysia are similar to those in traditional sports, except for some options for a particular game. This makes esports betting a relatively easy market for seasoned bettors. However, esports betting usually caters to a young audience, and many are just starting to get into the betting world. Placing wagers can be intimidating for them, especially when it’s already time to look at one of the most vital parts of betting, the odds.
What are the Odds?
In essence, bookmakers use odds to show a possible outcome of a particular game or tournament. The sportsbooks set the odds based on various statistical data, including past performances and results. This allows different oddsmakers to determine the favourites and underdogs and influence how countless gamblers place their wagers.
Odds Formats
Odds come in different formats depending on the bookmaker’s target market. Learning about these will allow you to read various betting options to maximize your opportunities efficiently. The three most well-known odds format are:
- American – This odds format uses a number’s positive and negative forms. Positive odds (+100, +500, etc.) are usually the amount you will win when you bet $100 and are typically used for the underdogs. Meanwhile, negative number odds (-100, -200, etc.) usually reflect the amount you need to place to win $100 and are generally used for the favourites. This odd format is mainly used in the United States and some parts of Canada.
- Fractional – This format has been around the longest and is usually found in UK and Irish oddsmakers. Here, bookmakers use two numbers divided by a slash in the middle, where the number on the right is the amount of stake while the number on the left refers to the potential earnings when you win. For instance, a 10/1 odds on NaVi on CS: GO will have you winning $10 for every $1 stake.
- Decimal – The decimal odds format is now widely used across the globe, especially in continental Europe and some parts of Asia, including Malaysia and Singapore. You must multiply your stake by the odds to check how much you can win. For example, if you are trying to bet $10 on T1 on League of Legends and they have 5.0 odds, then your potential earning is $50. In this odds format, the team or player with the smallest odds number is considered the favourite.
Esports Betting Markets with the Best Odds
Match Winner – A Straightforward betting line that requires you to place stakes on who you think will win a particular game. This usually closes once a match starts, but there are instances when oddsmakers still offer this option while the game is playing.
Tournament Winner – There are now tons of esports competitions happening worldwide, and betting on a tournament’s winner has always been popular. Sportsbooks usually open this option way before a season starts and ends once the contest is close to finishing and usually provides good odds for bettors who want to win big.
Map Winner – Certain games are played on different maps, which can significantly affect how a team performs. This is another famous betting option, as teams perform well on specific maps, and betting on this can be advantageous if you are also well-versed in the game you’re betting on.
Conclusion
The growth of esports has opened new opportunities for countless people, including bettors who are trying to earn a few extra dollars on the side. And for rookie esports bettors, learning about the odds can increase their chances of winning. This will also allow them to create reliable betting strategies that can be valuable in the industry.
And if you are looking for a trusted online casino platform in Malaysia to place esports bets efficiently, then CM2Bet MY is for you. We have various sportsbooks that offer excellent odds for esports and traditional sports tournaments. We also have casino games that you can play right from the comfort of your home, such as poker, baccarat, and online slots. Click here to get started today!
