Reading and Understanding DotA 2 Betting Odds

Dota 2 or Defense of the Ancient still remains as one of the top 20-most played Core PC Games. It is still hitting the charts after all these years. It stepped the game up in all countries compared to other Multiplayer Online Battle Arena (MOBA) game. With the statistics soaring as high as always, DotA 2 betting is already dominating the esports gambling industry.

If you want to try your luck with esports betting and the DotA 2 arena, it is important to consider a lot of factor. And with that, you should start with understanding DotA 2 betting odds and the difference in each one of them.

WHAT ARE ODDS?

In summary, betting odds will tell you how likely an event is going to happen and how much money you will win. The most popular in sports and esports betting markets are Decimal odds, Fractional odds, and US odds. You can choose whichever DotA 2 betting odds you feel comfortable or familiar with.

Decimal odds - the easiest, most popular, and simples type of esports betting odds. It is widely-used in Europe, Australia, New Zealand, and Canada markets. With decimal odds, you can instantly compute your possible payout by just multiplying every unit you stake and the given odds. The amount from your calculation already includes your returned stake, payout, and profit.

Fractional odds - widely-popular in Ireland and United Kingdom DotA 2 markets. It is expressed in two numbers or a fraction. Reading it: the numerator shows your payout, while the denominator shows your stake. Therefore, for every unit you stake in the denominator, your total profit is the numerator.

US odds - also called as American odds. This expression shows two set of numbers representing the favored team and the underdog. The negative odds show the amount you need to stake to win 1 BTC for the favored team, while the positive odds show the profit you can get for every 1 BTC bet for the underdog. The standard amount of Bitcoin will depend on the sportsbook’s terms and conditions.

THE DIFFERENCE IN ODDS

As a gambler in a competitive profit-making industry, sportsbooks fight for your attention and money by giving bonuses, promotions, and other freebies. But the thing that you really need to observe and consider is the odds difference in each one of them. Exact same odds for one sportsbook and market rarely happens because each sportsbook uses its own statistics and opinion to do DotA 2 betting predictions. The outcome on which team is going to win the event is different for each perspective. The difference in odds is bookmakers’ main strategy to give the sportsbook’s overround and house edge an advantage.