Esports Betting for Beginners: Key Terms You Need to Know

[JILIBET]

Esports betting has grown rapidly in recent years, attracting millions of fans and bettors around the world. With its exciting gameplay, massive tournaments, and diverse betting markets, it's no wonder that esports has become a popular form of online betting. However, for beginners, understanding the terminology used in esports betting can be overwhelming. In this guide, we’ll break down the key terms you need to know to start betting on esports effectively, and how you can use platforms like JILIBET to place smarter bets.

1. Betting Odds

One of the first and most important terms to understand in esports betting is betting odds. Odds are a reflection of the probability of an event occurring and determine how much you can win from your bet.

Types of Betting Odds:

• Decimal Odds: This is the most common format used in most parts of the world. Decimal odds show the total return on a bet per unit wagered, including the initial stake. For example, if you bet $10 on odds of 3.00, you would receive $30 in total if you win ($10 x 3.00).
  
  

• Fractional Odds: Often used in the UK, fractional odds represent the ratio of profit to stake. For example, odds of 5/1 mean you win $5 for every $1 wagered.
  
  

• Moneyline Odds: Common in the United States, moneyline odds show how much you need to wager to win $100 (negative odds) or how much you can win from a $100 bet (positive odds). For example, +150 means you win $150 for every $100 bet, while -200 means you need to wager $200 to win $100.
  
  

JILIBET provides all three formats of odds, making it easy for bettors from different regions to place their wagers.

2. Match Winner

The match winner bet is one of the simplest and most popular bets in esports. It involves betting on which team will win the entire match.

How It Works:

• You place a bet on one of the teams in an esports match.
  
  

• If the team you bet on wins the match, you win your bet.
  
  

This is an ideal starting point for beginners, as it is straightforward and doesn't require in-depth knowledge of complex betting markets. JILIBET offers competitive odds for match winner bets in various esports games like Dota 2, League of Legends, CS:GO, and Valorant.

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