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Keen writer and esports enthusiast
Keen writer and esports enthusiast
eSports odds are something that are often taken for granted. A lot of players simply accept what they are offered and that’s that. However, there is actually a lot to be said for studying the odds.
If we can find out which bookmakers offer the best odds in our favor, we can potentially profit from it. Even better still is to find out when bookies offer better odds than the actual probability of a win, effectively when they make a mistake. And briefly, that’s the value bet explained. So let’s take a closer look.
Any eSports betting guide should examine the strategies that players can use to maximize their betting potential. Why? Because it has a chance at landing us more cash! Of course betting is random, and if there was any sure-fire way to make cash from it, then all sportsbooks would go out of business. But there are some things we can do to maximize our chances of taking home a win, and the value of that win.
If you’re betting small amounts of cash for fun from time to time, betting guides and strategies probably aren’t fundamental to your experience. But if you take things a bit more seriously and want to win some good money, getting clued up with these guides would not be the worst idea in the world. Perhaps one of the most useful is the value bet guide. But check out our guide to eSports multiple bets, too!
While a lot of betting guides are presented to those just entering the scene (see our eSports bookies for beginners guide if that’s you!), there is a lot to be said for anyone in the world of eSports betting to take advantage of these guides. You might think you’ve got a great understanding of how to place your bets, and that’s awesome. But you can never have too much information when it comes to knowing where to put your money!
We do have to take into account the fact that these guides aren’t going to guarantee you wins. So when we ask ‘what is a value bet?’, it’s important to scrutinize the answer and find out if it looks right for you to take up. We’ll explain a little more about the importance of that and show you how to do it later on in this guide.
So, with an understanding of what betting guides are and how they can benefit us, it’s time to have the value bet explained. Here’s our ultimate guide, answering the question ‘what is a value bet?’ and showing you how to get the most out of it.
A value bet is, as we mentioned earlier, effectively a mistake from a bookmaker that offers better odds than it should do. While we firmly believe that any eSports bookies should offer good odds all the time, there are times when a particular market jumps out at being a little too good. And these are the ones we want to be putting our money on, just as long as we feel that there is a good chance of it coming in. Otherwise, it could still prove to be a waste of cash.
Mistakes from bookmakers can go two ways: they either sell the players short or they sell themselves short, therefore potentially landing the players with more cash than they should have done if the bet does come in. It is, of course, the latter we are looking for with a value bet. If we can make a little more money from a bookmaker than perhaps we maybe should’ve, that wouldn’t be the worst thing in the world!
The one fundamental benefit of a value bet is that it can land you more money than a regular bet. It might be a little time consuming to have to look out for value bets, so we recommend simply keeping an eye out for them alongside your regular betting rather than becoming too absorbed with the idea of finding them, but if you can, you could walk away with much more cash than you would’ve done from another bookmaker.
Learning about value bets can also give you a better understanding of the betting market in general, as learning about odds is a great way to get the best out of your betting. Taking the time to compare odds will not only allow you to choose the best odds for betting but also to find out which are the best sites to sign up for.
This is where things get a little trickier. As exciting as the concept of finding a value bet is, it is easier said than done. However, there are a couple of ways you can do it:
It’s also worth noting that the best eSports betting sites with the most experience are less likely to slip up with value bets than newer ones. That’s because they have a lot more information, so we recommend keeping a closer eye on those in the startup stages (of which there are several!).
In combination with keeping an eye out for a solid value bet, there are a few other key pieces of betting information that we recommend keeping in mind as you go about your eSports betting adventure:
Looking out for a value bet is a really great way to make a bit of extra cash on your betting. If you’re really confident that a value bet is going to come in, it could be a good place to put down a reasonable-sized stake. But be prepared. There could be a good reason that what you might think is a value bet is being offered at those odds. That’s why it’s super important to double-check any value bet tips you get or any suspicions of your own as to whether a bet is valued or not.
If you can make sure that you are betting on the right markets and double-checking any value bet, this could be a really handy method to consider as you bet on eSports. Good luck!
If you’ve got questions to ask about the value bet, you’re not alone. Here’s what other people have been asking.
The thing about value bets is that you can never really tell when they are going to pop up. This makes it hard to be tactical about using them, but there are a couple of things you can do. Firstly, don’t rely on them too heavily as they can be pretty rare, and secondly, make sure you double-check to see if a value bet really is a value bet. For more info on how to make the best eSports bets, check out our guide to eSports bookies for beginners.
Scrutinizing a value bet tip (or even your own guess as to a value bet you may have spotted) is an important thing to do, and there are a couple of ways to do it. You can check out an eSports betting odds comparison site to find out what the other bookies have to say about it or you can take a look at a single, more reliable bookmaker (maybe one with more prestige such as Bet 365) to find out what odds they have on the market, as this has a good chance of being more accurate.
It’s very tempting to throw down some money at a value bet when you see one. Before you do that, there are a couple of things to consider. Firstly, do you know anything about the market? How sure are you that it actually is a value bet? Also, never bet any more than you can afford to spend. There’s never a guarantee of a win, so play within your means at all times. The same can be said for any type of eSports betting strategy, such as eSports multiple bets.
Where to look to find value bets in terms of markets is hard to say, but one piece of advice we can give is to check out newer bookies instead of older, more well-established ones (the top eSports betting sites). The reason for this is that as time goes by, bookies will get better at choosing odds and as such, the likelihood of them dropping a value bet is going to come down. Newer bookies, on the other hand, could well drop a value bet from time to time.