Betting Terms & Terminologies
Betting on esports is rapidly becoming big business. Many mainstream bookmakers now provide plenty of markets on which Dota 2 fans can bet, and there are also specialist esports bookies around too. Here, we’ll take a look at some Dota 2 betting terms & terminologies, and help newcomers to betting feel a little more comfortable with what’s going on.
The most basic feature of any bet is the odds, which are, in simple terms, the bookmakers’ calculation of the likely probability of an event occurring. The lower the odds, the more likely it is that that event will happen. As the odds rise, the less likely it is to occur.
Some bookmakers present odds in the fractional format, which is used in the UK. Examples of this are 2-1, or 5-2. This means, in the first case, you receive £2 for every £1 you bet. In the second example, you would receive £2.50 per £1, if your bet won. In continental Europe, odds are presented in a decimal format, such as 2.5, or 3.2. This makes winnings very simple to calculate, as all that is needed is to multiply the stake by the decimal.
The most basic form of bet is to place a wager on the outcome of a match. A bookmaker will publish the odds for each team in a match. Punters then bet on the winner.
Another type of bet is something which is often called a ‘futures bet’. This involves placing a bet on the winner of a tournament. Again, this is very straightforward, and the bookmaker will provide odds on all teams.
It is also possible to bet on outcomes within games, such as who win the first map.
This is a slightly more complex form of match betting. Each team is awarded a handicap, which is a positive or negative number. If the number is negative, then that team can still lose the match, by a score of less than the negative number, and the bet will win. If the number is positive, the team has to win by more than that number, otherwise the bet loses. This is a good way to bet on outsiders and less fancied teams.
In Play Betting
Many bookmakers also provide punters with the chance to bet on events which occur within a match, while it is taking place. This is a fun way of betting on matches you are watching or following live. Punters can bet on things like first team to destroy a tower, or winner of the first map.
Accumulators are where several bets, usually three or more, are combined into one bet, with the odds multiplied together. For example, you may want to bet on three different matches, but find that the odds for your favoured teams are low. Putting all three bets on one coupon means that the odds are multiplied together, so if all three of your teams win, the winnings can be large. If one of your selections loses, though, the whole bet loses, so choices need to be made with care.
More detailed information about Dota 2 betting terms & terminologies can often be found on Reddit, so it is worth checking out the Dota 2 discussions on there to clarify issues.