ODDS EXPLAINED

How much you’ll win on an eSports bet depends on two factors – how much you bet and what the odds are. The odds also reflect the probability of a certain outcome happening – we’ll explain that as we go on.

Odds format: Decimal

Pinnacle offers odds in two formats: Decimal and American. Decimal odds are the easiest way for bettors to calculate how much they could win if they bet correctly. Therefore this is the type we’ll explain here.

In essence, the lower the Decimal number, the higher the probability that the team will win. The higher the Decimal odds, the lower the probability of the team winning. If Na’Vi had odds of 1.600 and

Team Liquid had odds for 2.500, then the bookmaker thinks Na’Vi is more likely to win the round.

You can calculate how much you’ll win on a Decimal bet by multiplying the Decimal odds by the amount you want to bet.

Decimal odds example

Here is an example of the Decimal Odds of an eSports game on a “match win” market. This is the most common type of bet, in which you are choosing which of two teams will win the match. This might be the hypothetical odds for Na’Vi taking on Team Liquid:

Na'Vi 1.600
Team Liquid 2.500

If you bet $100 on Na’Vi, the potential return would be $160.00. This is calculated as:

Odds x stake = return
1.600 x $100 bet = $160.00

This number includes your original $100 bet (also known as a stake), so the profit is $60.00.

If you placed a $100 bet on Team Liquid, the potential return would be $250:

2.500 x $100 = $250.00
($150 profit plus your $100 stake)

When using Decimal Odds for match winner bets, the amount you bet is also known as the amount “to Risk”. When you’re placing a bet, the bet ticket will show the potential win amount - i.e the potential return.

You can also use the Decimal information to work out the probability of a certain outcome. You do this by dividing 1 by the decimal odds. For example:

1 / Decimal Odds
1 / 1.600 = 0.625
Na’Vi has a 62.5% chance of winning

1 / 2.500 = 0.400
Team Liquid has a 40% chance of winning

You’ll notice that these two probabilities, 62.5% and 40%, only add up to 102.5%. This is because the odds include a “bookmaker’s margin”. This is the amount of money the bookmaker is aiming to earn from taking bets – in this case, 2.5%.

The lower the margin a bookmaker offers, the better value the customer is getting. Pinnacle prides itself on offering the best margins on the internet.

If you’re interested, you can learn more about Pinnacle’ margins here.

Other types of bet – futures/propositions

In addition to match winner types bets, another market is a Future. This is where you bet on the outcome of the event, rather than an individual match. A popular Future bet would therefore be “who will win the tournament?”

Another popular bet is a proposition, which looks at a specific variable within a game like “how many games will Team Liquid win?”, etc.

The odds for these types of bet work in the same way as for traditional match bets, but there can be multiple options. For example, a Future bet might be, “who will win the Pinnacle eSports tournament?” and the names of all the competitors might be listed.

Other types of bet – handicaps/spreads

One of the most interesting types of bet is the handicap, also known as “spread” bets. This is where bookmakers offer bettors an advantage or “handicap”.

For example, Team Liquid were less likely to win the game listed above. Therefore an interesting bet might be, would Team Liquid win if they started with a 1-0 game advantage?

This is called a handicap bet, and is typically written: Team Liquid (+1). If a team starts with a game deducted (like Na'Vi would in this instance), it would be written as Na'vi (-1).

Because of the added handicaps, the odds are also likely to change. For example, with a +1 advantage, Team Liquid might now be 2.000, while Na'Vi’s chances of winning have drifted to 1.998.

Combination bets

To increase potential winnings you can make what is known as Parlay bet (also known as an accumulator, multiple or combo bet). A Parlay combines at least two individual bets on different events. To win, however, all of your bets must be successful, with the payout the combination of the odds of each of the component bets. Find out more about eSports Parlays here.

Multiple ways to bet

When placing a bet, you can choose how you want your wager to be calculated. You can choose how much to risk (your bet amount), or how much you want to win. These are explained in more detail in the placing a bet guide.

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