Posted 20th January 2016 By: para
We’ve shipped another big update, something we’ve wanted to introduce to the site since launch. CSGOHUB has a huge following of experienced bettors, we don’t try to force our opinions on you and give you predictions, tools and stats to help you make your own decision on which way to bet. Today’s update contains four main elements; tracking your bets, make your own predictions and view other members predictions and building a dependable list of community predictors.
Tracking your bets helps you keep an eye on the overall picture each day. With the lounge odds constantly moving through the day it’s easy to take your eye off the ball and what was a brilliant underdog is now a worthless risk.
A new section added underneath the predictions allows you to select the team to win, and get instant feedback of how much return you’ll get from your stake.
Use the slider to adjust your stake, confirm the bet when you’re ready. You can cancel your bet at anytime if you don’t think it’s worth it anymore (you can’t do this on lounge).
The section to the right of this will display other members predictions as they’re placing their bets. Each user gains a rank based on their betting performance, as time rolls on we’ll refine this ranking system to ensure that these guys are the best of the best.
The top 20 community predictors who have made a call on this match will be displayed showing their bet size (a percentage of their inventory from 1% to 20%) and the team they’ve picked (Team A logo or Team B).
Each time you place a bet we’ll give you’ll be working from your personal inventory. For now, everyone starts with $100, as you track your bets, we’ll also track your winnings and losses. After only a few days you’ll start to build up a list of your bets placed tracking your performance.
You can also visit csgohub.gg/tipsters to see the top community tipsters recent bets.
—– Note from Lex ————————-
So it’s a big update and one that’s going to take a while to settle down. For now, enjoy tracking your bets and competing for the top tipster position but don’t go ‘all in’ following the highest ranked community predictor just yet. With so few community bets to consider it’s likely that a key underdog could get you to the top of the rankings overnight.
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When you first start out you’ll be tempted to try to bet as frequently as possible, don’t. Wait for matches with good odds where you or the predictors know the teams. Never force yourself to bet, bet on matches that you are confident in. You may go days or weeks without placing a bet, you’re not in a rush, wait for bets you are comfortable and confident in and profit should follow.
If there’s any uncertainty, don’t place a bet. Save your skins for another day. There will be plenty of other matches that you can bet on.
Betting is always risky, that’s unavoidable. But staying inside a ‘safe zone’ will help cover you off from some really silly bets. When starting out with a low inventory, large bets placed on matches with 80%+ odds aren’t going to return much in general (on lounge, even less due to the inconsistent returns) but you’re still risking a large amount of your inventory for very little.
Equally, odds below 30% sound very, very attractive with huge returns possible. But if you don’t know the teams or all the details, it’s very possible the team doesn’t stand any chance. If you think there might be a chance, reduce the size of the stake or consider an ICB.
Always bet with a percentage of your inventory. Think, what happens if you lose an ‘All in’ bet, do you stop betting for the rest of your life, or just get your wallet out and go again? You may think there’s no risk, however there is always risk. If you’re placing a high bet, stick to an absolute maximum of 20% of your betting inventory.
Always leave enough to bet another day.
If you’re feeling angry or frustrated, your judgement get’s very cloudy. You’ll make a stupid bet and lose. If you just lost a big bet or are on a losing streak, instead of trying to force a bet, you should take a step back, calm down and just take a break, come back refreshed with a fresh mindset.
Betting blind is a purely relying on luck, if the underdog odds are 30%, that definitely doesn’t mean the team has a 30% chance of winning. It just means 30% of the betting community chose that team. A late roster change could mean there’s zero chance for the team to win. Check in with our predictions to help give you some more background on the game.
Use the lounge odds tracker to predict the final odds as the start of the match get’s closer. If the odds are increasing/decreasing for the team you intend to bet on the return may not outweigh the risk anymore. A huge significant switch of odds at the last moment may mean that something shady is going on, mostly in very low tier games, or a sudden announcement, E.g standin may have occurred.
Bookies will put up their odds based on their own expectations, as the bets start coming in they'll tweak the odds to ensure it's still profitable for them. That early stage is key to getting an edge on the bookies.
As soon as you feel like you have to bet again to recoup loses, you’ll feel compelled to make bigger bets with bigger risks. This often starts an endless cycle driving your losses further and further. Instead, after a big loss, take a day off from betting (or a week if was really big). .Keep to the proper bet sizing based on the risk of the match no matter what. You are not in a race to win it back, just take it easy.
Do not blindly follow betting site odds and think that they are correct to the true odds. If a betting site has ‘Team A’ as a heavy favorite, it does not always mean that it’s an easy win for ‘Team A’.
SK beat Na’Vi… Na’Vi beat E-Frag. That means SK can beat E-Frag now, right? No.
There are many factors which contribute to the team winning a match, these factors such as player performance, map selection, strategy and tactics which may not apply to other teams.