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DotA 2 Betting Odds And Its Underlying Concepts

Massive esports games like League of Legends, Overwatch, and CSGO are taking over the world of esports betting by the storm, but it is DotA 2 that’s leading the movement and the rise in popularity. The league’s tournaments hold the world record of biggest prize pool in esports history. That’s why it’s no surprise that many bookmakers are now covering major and minor Dota 2 markets. However, you still need to make sure that they give the best betting value and most competitive DotA 2 betting odds. 

Before anything else, it’s important to know that you need to find the perfect betting site first before jumping into the train.

Betting Odds Explained

Evidently, it is obvious that odds are the most important element in DotA 2 Betting. It tells you the possible payout you can get for every unit you stake and the probability of the team winning the game. This is an important element to consider because it will affect your chances of winning and the Bitcoins you can get in return. However, there’s a catch in this. Not all bookmakers offer the same odds, however, so you have to shop for lines at the most reputable bookmakers and see which of them offers DotA 2 competitive betting odds. Execute an odds comparisons, do line shopping, check the market liquidity, only bet on those with high betting value.

Understanding Other Concepts Of Betting Odds

Despite being the most important variables in DotA 2 betting--especially when used for Arbitrage betting, hedging, and trading, there are other factors and elements you need to consider. These, however, are still dependent to the function of betting odds. With that, here are the ways to completely understand the concept of DotA 2 betting odds.

Probability And Betting Odds - The implied probability shows the possible chances or results of a specific match. The easiest way to calculate the probability is to use fractional odds.  Here is the calculation:  Probability (%) = B / (A+B). The numerator is for A, while the denominator is for B. The percentage you will get on the equation is the probability.

Decimal Odds As The Most Basic Format - Even if fractional odds is the easiest way to get DotA 2 competitive betting odds, decimal odds remains as the most widely used form of odds in most Overwatch betting sites, but this is also far more common in betting exchange sites. There are ways to convert fractional, American, and other types of odds to decimal odds using a betting calculator.

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DotA 2 Gambling Sites: Finding The Best Option

Choosing the best DotA 2 gambling sites is a difficult task for beginners, especially those who haven’t tried online betting before. The modern way of choosing where to bet is tricky, and it requires the help of the experts.

Solid Reputation

A betting site should have an unstained and solid reputation. This isn’t a popularity contest. Do not, under any circumstance, choose a more popular site over a reputable one. To elaborate, a betting site’s reputation is dictated by its capability to provide far and wide betting markets. The best way to identify if the site has a positive reception, check its ranking and ratings through search engines like Google and Yahoo. You can also resort to Bitcoin sportsbook reviews provided by first-hand users or review sites.

Website’s Layout and Security

For first-time visitors, you can already see the website’s layout at first glance. At once, you can instantly identify if the website’s design is user-friendly or not. Aside from the professional look of the site, it should also have an organized and systematic homepage and menu. An easy-to-navigate website layout can help the gamblers bet properly and comfortably.

Aside from the layout, also be aware of the site’s security, especially if you’re betting online using Bitcoins. The popularity and aesthetics of the site is an important consideration, but never risk your security over public reception. Here’s a quick way to check if the site is secured: register an account on the homepage, check on the terms and condition if they have security features like Two-Factor Authentication or Multi-Factor Authentication, enable the feature each time you log-in. These features are already widely-accepted in the community, but there are DotA 2 Bitcoin gambling sites who still refuse to use it.

Betting Markets And Other Options

Admit it, new and seasoned gamblers love selections and diversity. After all, the more, the merrier. That’s why many Dota Pro Circuit (DPC) tournaments are in action on a year-round basis, so make sure that the betting market you’ll be stuck with offers selections for them. Don’t bet on Dota 2 gambling sites that only focuses on mainstream DotA 2 tournaments. Rather, still make sure that the site caters to Dream League, Starladder and Imba TV, and PGL tournaments.

Multiple Bonuses and Promotions

DotA 2 Bitcoin gambling sites usually give a lot of bonuses for new users since they want to acquire customers, but they also serve the existing members to retain them. Some of these bonuses may include cashbacks, welcome bonuses, deposit bonuses, and free bets. Choose the best sites with the most useful offers.

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Bitcoin DotA 2 Odds Format And Calculation

Calculating your Bitcoin DotA 2 odds can instantly determine how much money or Bitcoins you’ll win and how likely an outcome is going to happen. Odds have a 2-way function. Most sportsbook readily provides the odds for the favored team and the underdog, and Bitcoin betting exchange sites gives you an additional peek on the “Back” and “Lay” bets’ odds. Do a Sportsbook shopping and always compare the odds they offer.

The calculation DotA 2 Odds For Bitcoin Betting may seem confusing and complex at first glance, but if you’re really determined to take your place and get rich, you’ll understand that the process is easy. It’s just a walk in the park for those determined gamblers.

Different Odds Format

The format of odds depends on three factors:the country you live in, the sportsbook you have chosen, and the game you wanted to place a bet. However, there are three types of betting odds that are most commonly used by international betting sites:

Decimal odds - simplest format for odds calculation, and used by most eSports betting sites. It’s probably the easiest format to compute. You just have to multiply the amount you wish to bet by the Decimal odds posted on the Sportsbook. The result will already have your stake and your winnings. Fractional odds - displayed as fractions and already shows you how much you will win on a bet. The denominator is the amount of money you have to bet to get the amount indicated on the numerator.

US odds - also known as American odds, and is primarily used by sites that cater to US sports bettors since it’s used for moneyline betting. It’s also easy to understand as the odds already represent how much the bettor will have to wager to win $100 (or whichever the equivalent in Bitcoins).

Accuracy In Calculation There are three different computations surrounding decimal odds, fractional odds, and US odds—or all types of Bitcoin DotA 2 odds, for that matter, so you need to get the formula and equation for each of them. Accuracy in calculation is important.

Moreover, remember to manipulate your bets and always expect odds shift to make accurate betting predictions. Your DotA 2 Odds For Bitcoin Betting will depend on how good you are on strategizing and analyzing future repercussions. Odds calculation is not enough to bring you the ladder of success, you also need to know how to strategize and how to be competitive.

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Betting On DotA 2: How Gambling Penetrated Esports

Others say that the market for gambling on esports remain small compared to other gambling business like online sports betting and online casinos. But regardless of the scope, esports still stands as the representation of the most versatile market within the global gambling industry, thanks to bookmakers offering gamblers DotA 2 markets. Hence, betting on DotA 2, is considered as one of the popular profit-making activity for beginners and esports enthusiasts.

Esports Betting As A Cash Gambling

Esports gambling is a mix of traditional sports betting and esports competitive gaming. There are sportsbooks that offer esports markets and sports markets combined, but there are others that truly focus on esports only. However, the amount, frequency type, and limits can vary from one sportsbook to another.

The demand for this type of gambling is increasing due to the popularity of DotA 2 and other esports games such as League of Legends, CS:GO, Starcraft, Overwatch and others. The tight competitions sponsored by these esports games are the best markets available for cash gambling today, although operators have also discovered the use of cryptocurrency for gambling. Bitcoin, Bitcoin Cash, Ethereum, and LiteCoin are now available as a mode of payment in most sportsbooks offering DotA 2 betting.

Understanding DotA 2 Skin Gambling

Gambling completely penetrated esports and Dota 2 because of skins, the virtual items that can be used in the game. These items change the character’s appearance, weapons, and other equipment. Today, these skins can now be used for skin gambling or standard gambling to earn a profit.

A gambler can receive skins in DotA 2 by receiving them during gameplay, receiving them as a promotional giveaway (from DotA 2 tournaments), trading with other players, and by purchasing skins on a variety of marketplaces.

Since the functions of these skins is to improve the character’s appearance, many people are raving about it. Many players and gamblers want to acquire the rarest of the items. Skins now have a cash value, like a poker chip in traditional casinos. Betting on DotA 2 now support skin gambling. A DotA 2 skin can be traded between the player and the house, and here’s how it works:

#1 Players or gamblers can “deposit” a skin at a skin betting site or any gambling site that conducts skin betting. It can be done by transferring the skin to your account in the site.

#2 Players or gamblers can gamble using the deposited skins. There are sites that converts it to their internal currencies.

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DotA 2 Betting Tips: Easy Steps To Get Started

Defense of the Ancients or more commonly known as DotA 2 was released on July 9, 2013, 6 years ago today. Teams have been competing for the The International title, the Aegis of Champions and the prize pool for years, and people still enjoy up until now-especially the fans and the bettors. This is due to the fact that DotA 2 still remained as one of the most-played games in the history of esports. That being said, we took the liberty to  give you the most effective DotA 2 betting tips.

Find Reputable DotA 2 Gambling Sites

There are gambling sites that are Bitcoin-powered or or at least accept almost all types of cryptocurrencies, and they are your best options if you want a diverse betting platform. But looking for the most-reliable ones is challenging. Once you successfully find one, check their licenses, functionality, customer service support, and other form of benefits before finally setting up your account. You can also read online sportsbook reviews to have an insights about the first-hand users’ experiences.

Explore The Esports Scene

The esports scene is massive, but narrow down your interest to DotA 2 betting. But don’t get us wrong, the professional scene of DotA 2 is also massive--you just need to focus your attention on one market to make accurate DotA 2 predictions. The game and the tournament itself will always be part of our DotA 2 Bitcoin betting tips for new and seasoned gamblers.

By being an esports enthusiast, you should know your homework and do your research. Knowing what is Bitcoin is an easy task since all information is already laid out on the internet, but studying the game requires a more deeper understanding. You have to watch the game, study the players and their champions, know the form of the team.

Set  A Budget And Manage Your Bitcoins Properly

It doesn’t matter if you successfully followed the rest of our DotA 2 betting tips, if you run out of Bitcoins, you can go bankrupt and start all over again. Set limits on how much Bitcoins you can afford to lose, set limits on the number of bets you’re going to try, and set limits on the matches you are planning to bet on. By having a strict budget plan, you can prolong your betting journey. And if you’re truly strategic and always make informed decisions, you can make a profit in return.

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How To Read And Calculate DotA 2 Betting Odds

Games like League of Legends, Overwatch, and CSGO are taking over the world of esports betting by the storm, but it is DotA 2 that’s leading the movement and the rise in popularity. The league’s tournaments hold the world record of biggest prize pool in esports history. That’s why it’s no surprise that many bookmakers are now covering major and minor Dota 2 markets. However, you still need to make sure that they give the best betting value and most competitive DotA 2 betting odds.

WHAT ARE ODDS?

Odds are the most important element in DotA 2 Betting. It tells you the possible payout you can get for every unit you stake and the probability of the team winning the game. This is an important element to consider because it will affect your chances of winning and the Bitcoins you can get in return.

Not all bookmakers offer the same odds, however, so you have to shop for lines at the most reputable bookmakers and see which of them offers the most competitive odds for DotA 2 betting. Execute an odds comparisons, do line shopping, check the market liquidity, only bet on those with high betting value.

HOW TO READ ODDS?

Another complicated thing you need to understand when betting is to look for the odds explanation for different types of odds. There are three different types of odds: Decimal, Fractional, and American odds. Each has a different format and computation.

For decimal ddds, the reading, conversion, and calculation is easy. Most esports bookmakers set decimal odds as their default format in any betting country, so you won’t be having a hard time computing your payout and chances of winning. In Decimal odds, you just have to multiply your stake to the given odds and the result will show you your total payout, including the original stake you made.

For Fractional odds, read the DotA 2 betting odds that is expressed in two numbers or a fraction. Reading it: the numerator shows your payout, while the denominator shows your stake. Therefore, for every unit you stake in the denominator, your total profit is the numerator. For American odds,  know that his expression shows two set of numbers representing the favored team and the underdog. The negative odds show the amount you need to stake to win 1 BTC for the favored team, while the positive odds show the profit you can get for every 1 BTC bet for the underdog. The standard amount of Bitcoin will depend on the sportsbook’s terms and conditions.

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Pointers In Choosing DotA 2 Betting Sites

It is no doubt that esports betting is a rapidly growing market for online sportsbook. Traditional sports may be season, but esports always have minor, major, and international tournaments to keep you busy for the whole year. An example of such is DotA 2 and its equally exciting tournaments and DotA 2 betting sites. You have endless options for betting in DotA 2 since you can find tournaments from pole to pole. But aside from these, you have another set of options to consider--choosing the right sportsbook among hundreds. Betting sites for DotA 2 are everywhere, but not all of them are worth your time. To help make the selection of sportsbook quicker and easier, here is the list of steps and criteria you need to follow. COUNTRY RESTRICTION Dota 2 is open to all countries, but some DotA 2 betting sites are not. Most of these sportsbook are trustworthy but still check if they caters to gamblers from your country, state, or region. Do not sign-up yet unless there is an information on the website or on online reviews that the site supports your area. This is highly advisable for UK and US players, among others. PAYMENT OPTIONS Bitcoin still remains as the top payment method for convenience, low transaction fees, and fast deposit and withdrawal processes. Check if the sportsbook support Bitcoin and other cryptocurrencies such as Ethereum, Bitcoin Cash, and Litecoin. But you can still look for website that support fiat currencies through bank transfer, credit card, and debit card. Choose whichever you feel comfortable using. BETTING ODDS Odds determine the likelihood of an event happening, and it also determine your potential winnings. The more competitive the odds are, the higher the payout. All in all, it is an important variable in betting. The best advice we can give is to do an odds comparison before placing your bet or depositing money onto your account. In this way, you can identify which sportsbook offer the biggest winnings. The difference in odds per sportsbook can make significant changes in total. BONUSES AND PROMOTIONS Betting sites for DotA 2 betting can give you loads of bonuses and promotion. So if you want to take advantage of these, choose a sportsbook that offers welcome bonuses, free bets, cashback bonus, match bonus, and loyalty rewards for both new and existing users. These could be your foundation, if you’re a beginner. Free things can help you go a long way.

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Upcoming Tournaments For DotA 2 Betting Predictions

Making accurate DotA 2 betting predictions is a very useful strategy. In this way, bettor can eliminate the risk in betting and pick the best teams, players, or matches to bet on. However, it’s not easy since the odds and other data presented before hand are hard to read, understand, and comprehend. One should always be updated with the tournaments and the competing teams. To do just that, we’ve compiled a list containing the upcoming DotA 2 international events sponsored by big companies.

DOTA 2 Professional League Season 6 (2018 s2)

The DPL Season six is no longer the secondary league, it will now serve as an online Major. The event, together with the ¥ 1,000,000 CNY prize pool, is sponsored by Sports Information Center of National Sports General Administration, Perfect World, and Mars Media. It had an open qualifier last November 11, and Team Aster and Team Serenity emerged as winners. The two will advance to actual DPL tournament together with 11 other teams from China.

The Bucharest Minor 2019

Following the DreamLeague Season 10, the Bucharest Major will be the second minor of Dota Pro Circuit 2018-19 season and the first PGL minor. The event is set to culminate on January and will see 8 teams from different countries competing for the title, $300,000 USD prize pool,and 500 DPC points for The International 2019. The winner of the game will then be qualified for the Chongqing Major set to happen on the same month.

The Bucharest Minor should be your first priority when you craft your accurate predictions for DotA 2 betting next year.  

The Chongqing Major 2019

This major will be the second Major of the Dota Pro Circuit 2018-19 season, and it will be hosted by Starladder and Imba TV. The event will feature 16 teams from different countries competing for the $1,000,000 USD prize pool and a huge chunk of DPC points for The International 2019. It will follow the Bucharest Minor next January, and will grace the soil of Chongqing, China, from 19 to 27. This is the first big thing in 2019 for gamblers who want to make accurate predictions for DotA 2 betting.

Mars Dota 2 League 2019

Organized by Mars Media, the Mars DotA 2 League 2019, is set to culminated on February 20-24. The organizers hasn’t released the complete information about the tournament yet, but it will most likely follow the format of the previous season. So still wait for more updates regarding the tournament for your DotA 2 betting predictions.

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