ODDS Explained and Key Information You Must Know

ODDS refer to the betting in any game category, whether it’s traditional sports, esports, or card games. These numbers are critical for players to understand and analyze in order to increase their chances of winning. The following content from OK9 provides the essential details you need to know about ODDS.

What Are ODDS?

As mentioned earlier, ODDS represent the betting set by the bookmaker for a match, a card game, or similar events. This term is one of the most common in betting and statistical analysis. Depending on the region or market, the interpretation and terminology surrounding ODDS may vary.

ODDS are understood as a certain betting ratio.

ODDS represent a specific betting ratio set by bookmakers. For example, in a League of Legends (LoL) match between Team A and Team B, if Team A is estimated to have a 40% chance of winning, the might be displayed as 2:5, depending on the bookmaker.

To establish these figures, bookmakers and statisticians must conduct extensive analysis. These odds are often based on the potential net profit and loss. For instance, if you place a bet of 2 units at of 3:2, a winning bet would yield 5 units, including your initial stake.

The History of ODDS

Before modern supercomputers could calculate the in seconds, betting ratios were derived manually. In the 16th century, mathematician Cardano introduced the concept of ODDS, defining it as the likelihood of a favorable outcome relative to all possible outcomes.

This principle became the foundation for setting betting in esports. Today, ratios are calculated for a variety of bets, including match outcomes (1×2), first blood, or first tower. All these probabilities rely on calculated odds to predict possible outcomes.

How to Read ODDS Charts

Understanding the ODDS table is critical to making informed bets. Each esports match offers numerous betting types, such as:

1×2 Betting: Predict the winner or if the match ends in a draw.
Total Kills: Predict whether the total number of kills exceeds or falls below a given threshold.
First Blood/First Tower: Bet on which player or team will secure the first kill or destroy the first tower.

By familiarizing yourself with these betting formats, you can significantly improve your prediction accuracy and maximize your chances of winning.

The better you understand how to read odds, the higher your chances of winning.

ODDS 1×2

This is one of the easiest betting formats to understand in Esports. For a match between two teams, three odds are provided as follows:

1: For the home team to win, usually listed first from left to right.
X: For a draw.
2: For the away team to win, resulting in a payout if successful.

Example:

In a match between Team WE and OMG, the 1×2 ODDS are listed as 2.80, 2.10, and 3.40 respectively. With a fixed bet of 10 units:

Betting on Team WE and a victory will return 28 units in total.
Betting on a Draw will return 21 units if successful.
Betting on OMG and a win will return 34 units.
If the prediction is wrong, the entire stake will be lost. Choose wisely before investing.

Over/Under (O/U)

This format is widely known and popular among bettors. Commonly referred to as “Tài/Xỉu” (Over/Under in Vietnamese), the bookmaker sets a threshold for the total number of kills in a match:

Over (Tài): If the total kills exceed the set threshold.
Under (Xỉu): If the total kills are fewer than the threshold.

Example:

In a match between T1 and Nongshim Redforce, the O/U threshold is set at 28.5, with payouts for Over at 1.48 and Under at 2.35. With a 10-unit bet:

Choosing Over and achieving 29 or more total kills will return 14.8 units.
Choosing Under and achieving fewer than 28 kills will return 23.5 units.
If the prediction is incorrect, the entire stake is lost.

ODDS Esport is almost identical to traditional sports.

Handicap Betting
In any Esports game, there will be ODDS related to Handicap betting. This form is similar to traditional sports. Typically, this type of betting is based on the total number of kills, like Over/Under, and includes a handicap.

For example: In a match between Dplus KIA and T1, the handicap ODDS are listed at -10.5 for Dplus and +10.5 for T1. The payouts for both are 2.05 and 1.62, respectively. If a player wants to bet on Dplus winning, the total number of kills must be more than 11 higher than the opponent:

If you choose Dplus to win and at the end of the match Dplus has 30 kills while T1 only has 15, you will win and receive 20.5 units based on a 10-unit bet.
If you choose T1 to win, and the kill difference between the two teams is 10 or less, such as 20 kills for T1 vs. 10 for Dplus, you will win and receive 16.2 units based on a 10-unit bet.
If you choose Dplus to win, but the kill difference is 30 vs. 20, you will still lose the bet because Dplus’s kills of 30 minus the -10.5 handicap will only leave 19.5 kills.

Other Interesting Bet Types
In addition to the three bet types mentioned above, OK9 offers many other exciting betting options with generous payouts. For example, in football, you might bet on yellow cards, corner kicks, or throw-ins, and in Esports, you have options like BO3 or BO5 score predictions, first blood, and more.

Some unique investment forms at the bookmaker

No matter which entertainment form you choose, we are confident that we can fully meet your needs without missing any details. So if you want to enjoy a premium betting experience with competitive odds, visit OK9 today. Many exciting bonuses are waiting for you to discover and conquer!

The article above from OK9 has provided you with the most important information about ODDS in Esports. Of course, there are many other types of that you should explore before deciding to place your bet. We hope that after understanding the rules, players will successfully achieve glorious victories and huge profits.