All You Need to Know About Betting Odds for Dota 2
There are tons of betting terms that you should learn about before you can improve your success rate in Dota 2 bets. However, the most helpful and most important betting term that you should learn about is betting odds. Betting odds give you almost all the information you need about a bet. Not only that, but any kind of betting is practically incomplete without betting odds.
Dota 2 Betting Odds Explained
Dota 2 betting odds is a term used to represent the likelihood of a particular event occurring. For example, in a Dota 2 match, several possible events can happen. A team can win the Dota 2 match, a team can destroy the first tower, or a particular player can get the first kill. The likelihood for, let's say, NAVI winning the match or N0tail getting the first blood can be represented by Dota 2 odds.
Another important thing that Dota betting odds tell you about the bet is the amount of return you will get if you win the bet. However, the way that you figure out either of these two pieces of information from odds will depend on the format that is used to represent odds, which we will discuss in later sections.
Dota 2 bettors must be aware of odds for Dota 2 before they place a bet. The first reason for this is that without knowing the betting odds, you won't know which outcome is likely to happen. When you know that an esports bookmaker considers that a certain outcome is more likely to happen, you can make accurate predictions based on that information.
The second reason why you should be aware of Dota 2 betting odds is that it helps you figure out if betting on the underdog team is worth the risk. To figure that out, all you have to do is look at the return you are getting and see if the risk is worth the reward.
Types of Dota 2 Betting Odds
As we have mentioned, the way that you figure out the return you get from winning a bet and the likelihood of that event happening depends on the odd format. There are three main odd formats used for Dota 2 betting, including Decimal odds, Fractional odds, and American odds.
However, the most popular ones for esports betting are the Decimal and Fractional odds, and you won't be seeing American odds used for Dota 2 betting that often.
With the Fractional format, odds are expressed using a fraction with two numbers, like 5/2, which is pronounced five to two. The second number represents your betting amount, and the first number represents the amount of return you will get if you make a bet worth the second number.
The Decimal format uses a number with a decimal to express odds like 5.0 or 3.0. This number represents the exact multiple of the betting amount you will get in return. For example, if you win a bet with 5.0 odds after betting $10, you will get a total of $50 in return, with $40 being your winnings.
While these are not that common for Dota 2 betting, you might occasionally come across them. American odds are expressed with a number and either a positive or a negative sign. For example, -120 or +190. The number with the negative sign represents the amount you need to bet to win $100. On the other hand, the number with the positive sign represents the amount you will win if you bet $100.
Odds and Likelihood
Odds also tell you the likelihood of the outcome actually occurring. Outcomes with odds that give you a high return have fewer chances of occurring. On the other hand, the ones with odds that give you low returns have high chances of occurring.
Where to Find The Best Dota 2 Odds
Online esports bookies look at several aspects and then come up with Dota 2 betting odds for betting markets. For this reason, you can expect to find different odds at different sites. While nearly all betting sites agree on the events most likely to happen, the odds will be slightly different from one betting site to another.
Some sites provide odds with higher returns, while others have fewer returns. The best odds for you are the ones that give you the most returns. But how can you find the best Dota 2 odds?
To find the best Dota 2 odds, you can take a look at several egaming betting sites that offer Dota betting markets and then compare the odds for the same betting markets. After that, you can pick the betting site with the most returns. This is also a great way to pick out a good esport betting site. However, it is time-consuming, and not a lot of us have that kind of free time.
Fortunately, EsportRanker is a great site that has already reviewed the top betting sites based on several aspects, including the quality of betting odds. You can check out esportsranker.com for betting sites with the best Dota 2 betting odds.
The Best Live Dota 2 Betting Odds
While conventional bets are made before a match has even started, live betting takes place after it has started. In other words, with live betting, you make bets on a match while it takes place. Because the situation of the outcomes of the match keeps on changing, the bookmakers also keep adjusting the odds. These odds are called live betting odds.
A lot of people prefer to use live betting odds instead of conventional ones, and there are several reasons for that. The main advantages that you get with live betting odds include being able to make predictions with a much higher success rate and getting massive returns.
Firstly, with live betting odds, you get to look at a major section of the event before placing your bet. This allows you to take much more variables into account. As you take in more and more information about what is happening in the event, you can make predictions that have greater chances of actually coming true.
Secondly, live betting odds keep on updating. With these constantly changing betting odds, you never know when you are going to come across betting odds that give you some huge returns, which is an opportunity you may not want to miss.
Bet on Dota 2 With Real Money
It is not just possible to bet on Dota 2 with real money, it is actually quite popular. If you want to bet on Dota with real money, all you need is online esports betting sites or bookmakers that offer Dota 2 betting markets.
Fortunately, there are a ton of them out there to choose from. After you have chosen a betting site, you can register to that platform, make deposits, and start making bets on Dota 2 events using those deposits.
If you don't know whether Dota 2 betting is worth it for you, there is actually a simple way to answer that. If you know a lot about Dota 2 esports and have been closely following the esports scene for at least a year, betting can be a great opportunity for you to put all that knowledge to good use.
However, for people that are casual gamers and only watch Dota 2 esports occasionally, Dota betting might not be worth it.
What is the best place for Dota 2 betting?
There are several great places for Dota 2 betting, but the best place is different for each person. What you might consider to be the best betting site might not be the best site for some other person. It is better to try some sites yourselves and then choose which one you like.
What are Dota 2 betting odds?
Betting odds for this game is a method for representing the likelihood of an event taking place within a Dota 2 match, and the amount you will get in return for winning a Dota 2 bet.
How to find the best Dota 2 betting odds?
To find the best Dota 2 betting odds, you will have to check the odds provided by several betting sites and then compare them to see which one is providing the most returns.
Can I bet on Dota 2?
Yes, you can bet on Dota 2. To bet on this video game, register to a betting site that offers Dota 2 betting markets and then make some deposits so you can use them to place bets on outcomes for Dota 2 events.
About the author
From Rotorua's scenic landscapes, Aria Mitchell shines as New Zealand's leading expert in localizing online casino content. Marrying Kiwi essence with global gaming insights, she's the name trusted nationwide.