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Poll
Question: On which esports you place bets?
CS:GO - 9 (37.5%)
Dota 2 - 11 (45.8%)
Other, name it please - 4 (16.7%)
Total Voters: 24

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Author Topic: On which esports you place bets  (Read 565 times)
Fortify
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January 30, 2022, 01:20:23 PM
 #81

This is true for all kinds of gambling. E-sports, sports, dice... There are 3 ways to stay profitable in gambling:

1- Cheating (hacking)
2- Arbitrage Betting (bookies consider this cheating as well)
3- EV betting (most bookies also consider this cheating)

No, you can't be lucky and stay profitable in the long term. So there is no "4". That might surprise some people. As you see you can't profit from gambling for a long time because that would kill the casinos.

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.
By the way, what are the problems with the second and third paragraph? As long as there are different bookmakers and offline acceptance of bets (there is no KYC), they are quite feasible.

Arbitrage is most definitely not cheating, even if that's what the sportbooks call it and I've yet to ever see a case of this. Every bookmaker will add an "edge" or margin of error to their odds, which also boosts their profitability. Most are quite small, maybe one or five basis points, but this effectively closes any overlap between bookmakers. A lot of them also use the same backend feeds, a sort of white label solution, which will prevent much of this occurring. It might be possible on certain sports, like horse betting, where there are lots of variables and the odds are constantly moving around, but any bookmaker who misprices will lose a lot of money quickly.

R


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January 30, 2022, 06:26:49 PM
 #82

This is true for all kinds of gambling. E-sports, sports, dice... There are 3 ways to stay profitable in gambling:

1- Cheating (hacking)
2- Arbitrage Betting (bookies consider this cheating as well)
3- EV betting (most bookies also consider this cheating)

No, you can't be lucky and stay profitable in the long term. So there is no "4". That might surprise some people. As you see you can't profit from gambling for a long time because that would kill the casinos.

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.
By the way, what are the problems with the second and third paragraph? As long as there are different bookmakers and offline acceptance of bets (there is no KYC), they are quite feasible.

Arbitrage is most definitely not cheating, even if that's what the sportbooks call it and I've yet to ever see a case of this. Every bookmaker will add an "edge" or margin of error to their odds, which also boosts their profitability. Most are quite small, maybe one or five basis points, but this effectively closes any overlap between bookmakers. A lot of them also use the same backend feeds, a sort of white label solution, which will prevent much of this occurring. It might be possible on certain sports, like horse betting, where there are lots of variables and the odds are constantly moving around, but any bookmaker who misprices will lose a lot of money quickly.
They are running off a business and its just normal that they would really be finding off ways on how to deal off with those kind of circumstances and it would really be just normal for them
to minimize nor get rid of those kind of circumstances because they do know that it would surely cost them and since its a business then it is some error which is needed for them to adjust
on which it  would really be that normal that they would really be minding and its true that there might be some margins in between bookmakers but it would be barely profitable
if you do ask me and not really that much common.
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January 30, 2022, 07:20:30 PM
Merited by KTChampions (1)
 #83

This is true for all kinds of gambling. E-sports, sports, dice... There are 3 ways to stay profitable in gambling:

1- Cheating (hacking)
2- Arbitrage Betting (bookies consider this cheating as well)
3- EV betting (most bookies also consider this cheating)

No, you can't be lucky and stay profitable in the long term. So there is no "4". That might surprise some people. As you see you can't profit from gambling for a long time because that would kill the casinos.

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.
By the way, what are the problems with the second and third paragraph? As long as there are different bookmakers and offline acceptance of bets (there is no KYC), they are quite feasible.

It is a one time occasion. The post I replied to wasn't about that. He was talking about a job-like constant returns which is not possible in any way unless you do one of those things I mentioned in my post.

I agree with you though. If you play once and win and manage to not gamble again, that's the only way to win against the house, but we all know most gamblers are addicts so sooner or later they'll come back and try again and lose it all :d

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January 30, 2022, 07:51:08 PM
 #84

I have placed some live bets in FIFA and NBA but each time I am seriously worried to bet in a rigged match Roll Eyes
I hope this is only mine perception. But I don't know practically nothing ... I don't have enough experience with other games nor I have basic information for a certain decision.
I think esports are the "future", and they can growth in popularity also for gambling industry but this is stuff "for young people" Sad and I think difficult apply the same strategies that I use in classic sports.

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January 30, 2022, 09:42:09 PM
 #85

Normally, I used to bet in CS:GO and DOTA2,
But, Riot games is also on my favorite list, when the Valorant champions started last year I didn't miss any of their game show.
I have to say that Valorant is not much popular that's why many gambling websites didn't add that tournament to their bookie.
Sometimes I wager on Fortnite, But, Fortnite is not much favorite to me, their tournaments seem childish to me Cheesy.
Overall, DOTA2 & CS:GO is perfect for you if you are a heavy gambler & like fighting.
Because in terms of graphics they are not suitable for us so that fortnite is not very popular for us, on the other hand talking about betting, indeed CS:GO and DOTA2 are the best because they are more popular among esports lovers besides that even these two games are quite global in terms of the name and in terms of its community can be said very much.
so that with things like this there will indeed be more bets in the competition so that the number of bets and prizes will be more varied
Graphics does matter but first person type of games is less popular than with those mmropg's basing on observation but considering on how long they've been existing then its just normal that Dota2 is much more popular

and those games like valorant and fortnite is just still new so expect that they would have lesser market but i doubt that they could level out on what dota2 had able to achieved.

When betting then it would really be just normal that you would really be betting out on games which you do have the idea.

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January 30, 2022, 10:20:31 PM
 #86

Is this DOTA2 game still common now? I think that's an old game and don't think many people will still play on this.
CSGO is very popular and in any shooting games, esports games like basket and FIFA are also popular. I have usually placed bets on CSGO tournaments but I can't follow and watch well the game because I'm busy every day, just waiting for the result, and sometimes I have won.

There are too many esports games now that we can place a bet on now and if you have time watching them live seems much more enjoyable.
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January 30, 2022, 10:33:32 PM
 #87

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.
By the way, what are the problems with the second and third paragraph? As long as there are different bookmakers and offline acceptance of bets (there is no KYC), they are quite feasible.

Arbitrage is most definitely not cheating, even if that's what the sportbooks call it and I've yet to ever see a case of this. Every bookmaker will add an "edge" or margin of error to their odds, which also boosts their profitability. Most are quite small, maybe one or five basis points, but this effectively closes any overlap between bookmakers. A lot of them also use the same backend feeds, a sort of white label solution, which will prevent much of this occurring. It might be possible on certain sports, like horse betting, where there are lots of variables and the odds are constantly moving around, but any bookmaker who misprices will lose a lot of money quickly.

Arbitrage is possible in any sport - if you look at live football betting, you will see that the odds are constantly changing there. And the odds change even before the match - a lot of things happen like injuries etc. which affect the strength of teams. Yes, I do not consider arbitrage as cheating - this is a simple sale of liquidity. But greedy bookmakers don't like to lose money.

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January 30, 2022, 10:43:10 PM
 #88

Counter Srike used to be my favorite game for a very long time, so I am still faithful to it even now. If I'm betting on esports, it's actually just CS:GO. However, I do not rule out that I will be interested in other esports soon.

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January 30, 2022, 10:55:06 PM
 #89

Is this DOTA2 game still common now? I think that's an old game and don't think many people will still play on this.
CSGO is very popular and in any shooting games, esports games like basket and FIFA are also popular. I have usually placed bets on CSGO tournaments but I can't follow and watch well the game because I'm busy every day, just waiting for the result, and sometimes I have won.

There are too many esports games now that we can place a bet on now and if you have time watching them live seems much more enjoyable.
Many still play DOTA 2 although it's gradually losing popularity and most players are switching to other eSports games like Counter-Strike and leagues of legends. Personally I have wagered  on Counter-Strike and it's just one of those fun video games that is a first person shooter game. One of those many video games that could be addictive if not careful because it's just too fun that wanting to play over and again becomes an option
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January 30, 2022, 11:28:01 PM
 #90

Many still play DOTA 2 although it's gradually losing popularity and most players are switching to other eSports games like Counter-Strike and leagues of legends. Personally I have wagered  on Counter-Strike and it's just one of those fun video games that is a first person shooter game. One of those many video games that could be addictive if not careful because it's just too fun that wanting to play over and again becomes an option

I think counter-strike will never lose its fame in esports.
However, see that Dota 2 remains the game that generated the most income in 2021, it was $47 million against only $40 from Counter-Strike, will that change in 2022?
It would be nice to see a game linked to football, like FIFA, have more popularity in esports, but I think that is far from happening.

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January 30, 2022, 11:33:07 PM
 #91

Counter Srike used to be my favorite game for a very long time, so I am still faithful to it even now. If I'm betting on esports, it's actually just CS:GO. However, I do not rule out that I will be interested in other esports soon.

But being your favorite game isn't enough. In ESports betting, you are betting, obviously, with teams here. Even you know the game, if you don't have any idea about the team's performance, you will have a hard time betting on those.

I gamble on some other Esports on which even I don't how the game works. As long as I know the team's performance based on community feedback, I will consider betting on that game.
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January 30, 2022, 11:55:20 PM
 #92

I think counter-strike will never lose its fame in esports.
Yes, that's for real. CS is still one of the most popular esports and even if someone who's not in esports, he'll understand the game easily especially if it's part of their childhood.

However, see that Dota 2 remains the game that generated the most income in 2021, it was $47 million against only $40 from Counter-Strike, will that change in 2022?
I think it will. This year for Dota 2 is going to be active in their tournaments since they have another format. But I'm not sure for CSGO if they have the same change or they have a change that will make them generate more profit.

It would be nice to see a game linked to football, like FIFA, have more popularity in esports, but I think that is far from happening.
AFAIK, there's like of this where you can bet. You just have to find those bookies that have it on their list.



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January 30, 2022, 11:58:36 PM
 #93

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.

I agree with you but it needs lots of guts to bet on that risky bet. One big bet on huge odds is really tempting especially if your research is ended up that it's a worth bet to pick.  We don't have to force ourselves though as there are lots of alternatives.

As long as we focus on winning, that's way better. In Esports betting, I found it hard to make a bet here since gameplays vary per game and the result is unpredictable. There are called "turning points" on this game wherein a team that's already a sure win can still lose because of one wrong gameplay.

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January 31, 2022, 12:36:55 AM
 #94

Because in terms of graphics they are not suitable for us so that fortnite is not very popular for us, on the other hand talking about betting, indeed CS:GO and DOTA2 are the best because they are more popular among esports lovers besides that even these two games are quite global in terms of the name and in terms of its community can be said very much.
so that with things like this there will indeed be more bets in the competition so that the number of bets and prizes will be more varied
I don't think the graphics are the issue I find a lot of games entertaining but to a certain extent and IMO it's the format that could easily discourage you as a bettor since battle royales are composed of several teams, unlike DOTA and CSGO where it's straightforward as you can only pick between two teams. At the same time most of the known bookies i've been using barely offer any odds for Fortnite, most of the time they have the big ones (Dota, League, CSGO) then Starcraft, COD, RocketLeague and R6.

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January 31, 2022, 01:33:28 AM
 #95

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.

I agree with you but it needs lots of guts to bet on that risky bet. One big bet on huge odds is really tempting especially if your research is ended up that it's a worth bet to pick.  We don't have to force ourselves though as there are lots of alternatives.

As long as we focus on winning, that's way better. In Esports betting, I found it hard to make a bet here since gameplays vary per game and the result is unpredictable. There are called "turning points" on this game wherein a team that's already a sure win can still lose because of one wrong gameplay.
Snowballs or comebacks could really happen just like on ordinary physical sports which results couldnt really be determined even how good your analysis would be thats why i dont really

still mind about those odds or chances for those underdogs could really have chances on having some comebacks or uturns in the game.

Dota2 and CSGO is really also a good game which you could really see these kind of chances depending on what team are fighting or versus on.
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January 31, 2022, 06:02:04 AM
 #96

Snowballs or comebacks could really happen just like on ordinary physical sports which results couldnt really be determined even how good your analysis would be thats why i dont really
That's the goal of most team strategy based games, for them to snowball because that's how you overpower your enemy team, I didn't catch on with this term early on but I can see how it works and it really sucks for the opposing team to fight a snowballed opponent especially if you were the ones that dominated the early games.
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January 31, 2022, 06:47:11 AM
 #97

Too bad I can only choose one on the survey but honestly I like placing both on CS:GO and Dota 2 both games were good and I play those in most of my spare time but honestly I'm not really into tournaments and I don't know which teams were good and which teams are not but whenever I see an Esports on bookies I place a bet on it and watch it. I learned a lot of strategies and tactics watching them and placing bets at the same time, what I don't like in Esports betting is there's no live bets (in most of the bookies).


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January 31, 2022, 08:44:26 AM
 #98

Because in terms of graphics they are not suitable for us so that fortnite is not very popular for us, on the other hand talking about betting, indeed CS:GO and DOTA2 are the best because they are more popular among esports lovers besides that even these two games are quite global in terms of the name and in terms of its community can be said very much.
so that with things like this there will indeed be more bets in the competition so that the number of bets and prizes will be more varied
I don't think the graphics are the issue I find a lot of games entertaining but to a certain extent and IMO it's the format that could easily discourage you as a bettor since battle royales are composed of several teams, unlike DOTA and CSGO where it's straightforward as you can only pick between two teams. At the same time most of the known bookies i've been using barely offer any odds for Fortnite, most of the time they have the big ones (Dota, League, CSGO) then Starcraft, COD, RocketLeague and R6.
I agree there has nothing to do with graphics if you're a bettor but when games are enjoyable as a player and as a gambler, even it's the graphics way back 90s backward, you'll definitely going to play it.

That's the goal of most team strategy based games, for them to snowball because that's how you overpower your enemy team, I didn't catch on with this term early on but I can see how it works and it really sucks for the opposing team to fight a snowballed opponent especially if you were the ones that dominated the early games.
I also don't know this term before but when streamers and casters have been using that term of 'snowball' it became popular. We used to love the term comeback before than snowball.  Tongue

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January 31, 2022, 09:23:46 AM
 #99

I am just starting to get into esports, and i think i am going or CS:GO as it's easier to get into. Dota 2 just seems confusing when i haven't even played it myself, and with counterstrike i can rate players and teams just by watching as i have experience on that and can easily see who is good enough.

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January 31, 2022, 11:10:54 AM
 #100

If you take one-time earnings, then you can come up with the 4th option - one big bet on a huge odds: you win a lot of money and do not play anymore, thus remaining in the black.

I agree with you but it needs lots of guts to bet on that risky bet. One big bet on huge odds is really tempting especially if your research is ended up that it's a worth bet to pick.  We don't have to force ourselves though as there are lots of alternatives.

As long as we focus on winning, that's way better. In Esports betting, I found it hard to make a bet here since gameplays vary per game and the result is unpredictable. There are called "turning points" on this game wherein a team that's already a sure win can still lose because of one wrong gameplay.

This was just a theoretical discussion, I do not make such huge bets and do not encourage anyone to do so.

As for randomness, yes it is, but it seems to me that it is in favor of betters. If you bet on underdogs, then the cases when they win will occur more often than in traditional sports. I watched the last LOL world championship and I saw a lot of games where the underdogs won individual games. And speaking of the turning points that you mentioned, yes there are a lot of them and they change the odds so drastically that those involved in arbitrage must have made a lot of money from that championship.

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