As in conventional sports betting, finding the best value for your bet can be tricky, with each bookie competing to offer what it claims are the best odds and the best bonuses. Some of the welcome offers for new customers at bookmakers can be very tempting, but there is always the small print to check out. Here, we'll help you discover which bookmakers offer the best service for fans of CSGO in terms of the CSGO betting bonus they offer and whether it is worth you investing your time and hard-earned money with them.
What is eSport?
The term “eSport” refers to any “electronic sport.” Many popular games have “eSports Leagues,” similar to real sports leagues like FIFA or the NFL, where players compete as professionals against each other.
eSports Match Betting Option Basics
- Outcome
Outcome betting is a simple gamble, who will win a given match? Team/Player A or Team/Player B? This type of betting is more beginner-friendly, as it requires only enough knowledge to know who should win on average.
- Proposition
Proposition betting, also known as prop/parlay betting, requires significantly more understanding of a given match. To bet on propositions with some success, you need to know both Team A and Team B thoroughly and be able to estimate results in detail. The idea behind a prop bet is that it will give odds for specific results.
For example, a match is a best-of-five game to decide the winner. A proposition bet on this might be ¨Team B wins 3-0 games played¨, possibly shown as “Team B wins, handicap -2 games,” or “Team A loses, handicap +2 games”. Just understand the final result the proposition bet wants when making a bet.
Proposition betting should be approached the same as standard betting ultimately and sometimes can be even more profitable if you really can understand the given teams of a match.
Mathematics and Betting Odds
Now, it's not as simple as “double your money if you're right.” Esports bookkeepers calculate something known as Odds.
Odds are the mathematical calculations of what a bettor gets when they win a bet. Most sites display odds as >1.00. Because the odds are a multiplier towards the amount you bet, you are guaranteed back your amount bet. So, a 1.25 odds with a $100 bet will yield $125 total, a $25 profit. 2.00 odds on a $100 bet will yield $200, a 100$ profit, and so on.
Odds determine whether or not betting on a match is worth it. The idea behind this is that you make your own set of odds based on what research is done on both teams. This set of odds you make is your own “real odds,” while the odds on a given site are the profit margin.
For example, Team A vs. Team B and the returns on the site odds are, assuming no house cut, 1.50 to 3.00, Team A will win 66% of the time. However, after researching or based on prior knowledge, you determine the actual odds to be 2.00 to 2.00, as each team will win 50% of the time.
Theoretically, betting Team B would be profitable in this case. Over 100 games, based on the “real odds” and 100 $1 bets, Team B will win 50 games, +$100, and lose 50 games -$50. While betting on Team A will result in +$25 from 50 wins and -$50 from 50 losses. On average, Team B will result in +$50, and Team A would be unprofitable at -$25, assuming your “real odds” are accurate.
Making your Own eSports Betting Odds
- Simplify variables
Simplify variables that will affect the odds. This is an important skill, as most games have many undetermined variables, each weighing on the odds differently.
For example, CSGO has a “map pool,” as in seven unique maps that heavily affect the abilities of every team. Some teams may be excellent at one map, while others do not even know how to play it. The three maps selected to play for a Best-of-3 match between Team A and Team B will heavily impact who will win. So, predicting maps played would be a significant variable.
However, something like an Offline event (LAN) vs. an Online event may affect only a few teams and slightly at that. Thus, it's a non-issue and not considered in creating odds for most matches.
Creating simplified lists of variables can help you gauge your “real odds” more efficiently.
- Research
Research heavily factors into the variables at play and the overall odds. Sometimes breaking news like an injury on a team's player or a last-minute stand-in for a player is announced. That's considered research and dramatically changes the effectiveness of a team.
It's also crucial for research to understand both immediate and historical results. Historically, a team might be perfect but has recently suffered internal issues, injuries, etc., and has looked lackluster. Such an observation is vital in creating odds.
- Comparing Teams
All teams are gauged relatively to each other. Thus, it's crucial to understand these teams and how they relate. Finding resources like tournament placements, past results, or Video-On-Demands (VODs)/watching teams live will give you a rough idea of their ability to play compared to their opponent. So the more teams you are aware of, the more you can compare them to each other to create at least a basic grasp of who would win purely on skill or ability.
Making accurate statements based on research is crucial and will generally allow you to make somewhat accurate odds, especially for proposition bets of a specific result. More accurate than otherwise, at least, and it will result in a greater chance of success for betting.
CSGO Betting Bonus
- Finding the Best Bookmakers
Here, we'll help you discover which bookmakers offer the best service for fans of CSGO in terms of the CSGO betting bonus they offer and whether it is worth you investing your time and hard-earned money with them. Whether you are a veteran Esports gambler, a complete newcomer, or someone who loves CSGO but has not yet ventured into mainstream betting on the sport, we can help you find the best bookmakers and how to make the very most of the bonuses on offer.
- Types of CSGO Betting Bonuses
Welcome Bonuses
Many bookmakers offer welcome bonuses to attract new customers. These bonuses may include deposit matches, free bets, or cashback offers. Be sure to read the terms and conditions carefully to understand the requirements for claiming and using the bonus.
Reload Bonuses
Some bookmakers offer reload bonuses, which are additional bonuses given when you make subsequent deposits. These may come in the form of a percentage match or a fixed amount added to your deposit.
Cashback Offers
Cashback offers can be a great way to minimize losses and get some of your stake back if your bet doesn't win. These offers generally provide a percentage of your bet back up to a certain amount.
Free Bets
Free bets are another common type of bonus offered by bookmakers. They give you a chance to place a bet without risking your own money. However, be aware that any winnings from free bets may come with wagering requirements before you can withdraw them.
How to Choose the Best CSGO Betting Sites
When looking for the best CS2 betting sites, consider the following factors:
- Reputation of the bookmaker: Choose a reputable bookmaker with positive reviews and a proven track record in the industry.
- Bonus amount and terms: Compare the different types of bonuses and their amounts, as well as the terms and conditions associated with each offer.
- Wagering requirements: Make sure you understand the wagering requirements for any bonus you claim, as they can greatly impact your ability to withdraw winnings.
- Variety of betting markets: Look for a bookmaker with a wide range of betting markets, including match betting, prop bets, and live betting options.
- Customer support: Ensure the bookmaker provides excellent customer support, as this will be important if you encounter any issues while using their platform.
CSGO betting can be an exciting and potentially profitable venture for those who take the time to research and understand the intricacies of eSports betting. By familiarizing yourself with the different types of bets, odds, and CSGO betting bonuses available, you can increase your chances of success and enjoy a more engaging betting experience.
FAQs
Is CSGO betting legal?
The legality of CSGO betting varies depending on your location. In some countries, eSports betting is legal, while in others, it may be restricted or prohibited. Always check the regulations in your jurisdiction before participating in CSGO betting.
How do I start betting on CSGO?
To start betting on CSGO, first, find a reputable bookmaker that offers eSports betting. Then, create an account, make a deposit, and explore the available betting markets for CSGO matches. Make sure to research the teams and players before placing your bets.
Can I make a living from betting on CSGO?
While it is possible to make a living from betting on CSGO, it is challenging and requires a deep understanding of the game, teams, and betting strategies. Most people participate in CSGO betting for entertainment purposes rather than relying on it as a primary source of income.