A complete guide on the best way to start esports betting and build your inventory. We help you through from understanding odds to managing your first win.
Firstly, ask yourself…
If the answer to any of those is NO, then save yourself the tears and stop before you start.
If you answered YES to all, take a look at the esports betting guide we recommend below.
Betting websites take a variety of forms and all offer a slightly different service There is a huge variety of betting sites which allow you to use real money, Bitcoin or both, and the list continues to grow with more brands to choose from. They all offer slightly different odds meaning you can maximize your winnings if you’re comparing a few different sites. Remember to browse Tipify’s Betting Sites page for a comprehensive list of reliable brands.
Our esports betting guide recommends starting out with an amount you’re willing to lose if it all goes wrong. By fixing this amount in your mind, you’ll get a clear marker of when to stop. For some this is $100, for others $5. Whatever the amount, make sure you’re comfortable with it, and if you lose everything. Force yourself to take at least a week off before starting up again if you encounter bad betting runs.
Before you begin looking at odds, decide for yourself who you think will win the match.
Do your own research, rely not just on Tipify’s esports betting guide but also other credible sources. The more you know the higher your chances of making a successful bet:
Always remember, the final decision to bet is yours.
Odds come in three different types. Decimal, Fractional or Implied Probability.
e.g. 2.11
Decimal odds give you the easiest conversion from stake to return e.g.
Bet $5 with odds at 2.11
$5 x 2.11 = $10.55 return (including your original $5 stake)
e.g. 2/1
Unless you’re into horse racing or the English, this shouldn’t come up.
e.g. 55%
This is a more readable figure of what odds say the chances of this bet occurring are. This can be highly inaccurate and is used more as a reference to help you calculate the risk in your own head.
To calculate a return on probability odds use the following:
Decimal odds = 100 / probability odds
E.g. 100 / 55 = 1.81
So a $5 stake would return $9.05 ($4.05 profit)
At Tipify we follow a rough esports betting guide for betting sizes tiny (aka ICB), small, medium and large. These relate to the stake of your bet relative to the size of your inventory.
Small = 1 – 5%
Medium = 6 – 10%
Large = 11 – 20%
Tiny (ICB) = <1%
This ensures that if your inventory shrinks or grows, your bets are offering the maximum return without risking everything.
As an extra precaution, you could use the same setup as above, except as your inventory grows, keep your stakes at fixed sizes. Your profits will be reduced but this drastically minimises the impact of a big loss.
Making a big win feels great, you’ll feel invincible (and very smug if it was an underdog). You’ll be tempted to throw that win straight back into more bets with a higher value. No matter how much you are winning, or losing, you should keep strict discipline on the bet sizing you are making. Bet sizing is one of the biggest reasons people go bankrupt, so make sure you are betting the appropriate amounts on each match.
Having a plan in place of how you’ll handle these wins ensures you think with a level head when it happens.
Leave it in your inventory, readjust your stake sizes based on this new amount. Keep going on this basis and you’ll be betting with huge amounts.
With each big win, skim off a percentage (e.g. 10% – 30%) to withdraw, so even if you lost everything tomorrow, you’ve still got something in your pocket.
Do you really need to place a bigger bet next time? Return your initial stake in your inventory and sell the rest
All bettors have a different approach and you’ll need to find something specific for your style.
A collection of tips from our predictors.
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.
We pride ourselves in our analysis and our analysts makes sure to supply you with as much information that is available and guide you in the right direction. Our analysts are proven to be methodical, professional and experienced. We can’t recommend you follow predictions blindly; hence, always do your own research to secure better and more accurate picks. Furthermore, you can also visit the Tipify Esports News section for the latest updates on teams, rosters, tournaments, and other information that will prove useful for your bets.
The team with the best odds
The team with the lowest odds
A clear favourite loses the match resulting in a big payout to any users who put bets on the underdog.
A malicious throw occurs when the odds drastically change in the final minutes before betting closes. This is an indication that a large number of bets were switched last minute. In the past, this has been related to a tipoff from the favourite in order to make profit. This has become less frequent as the sport becomes more mainstream and many recent throws have resulted in legal action or lifetime bans for players.
Most betting platforms for skins have a limited number of slots to place items on a bet. With a “Max Bet” you place the highest amount allowed on the specific match/website. This is a very high-risk tactic to maximise the return on a near-certain match. We don’t recommend this approach
Placing all of your inventory on a single bet. This is a very high-risk tactic to maximise the return on a near-certain match. This is a terrible idea.
Once you place your bet, the odds stay at this value.
This is the amount of money you’re going to place on your bet.
The amount of money you get back when you win a bet. This includes your initial stake.
This is the money you actually gained from your bet
Profit = Return – Stake
E.g. a $5 bet at 1.5 = $7.50 return ($2.50 profit)
When somebody attempts to trick individuals into making a bad bet by providing false or heavily exaggerated information in an attempt to gain from it.
This is an old term from CSGO skin betting, where you’d clean out some skins you really don’t want. Use an ICB in cases where it’s too risky to place anything valuable down, but the odds are so good that even a 40 cent stake could return something big. This doesn’t really apply to real money betting (as all money is good money), so just use this as a reference to place a really small insignificant bet, assume you’ll lose it, but, an ICB is only used where the odds are really high, so on the off chance it does come in, you’ll win a nice chunk in return.
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