One of the most popular first-person shooter games with a massive fanbase is Counter-Strike: Global Offensive. With the rise of online betting and gambling, it is no surprise that CSGO gambling has become a favorite among gamers and gamblers. Check out this discussion to help you understand gambling odds, learn how they work and how to calculate them.
What You Need to Know About CSGO Gambling Odds
CSGO gambling odds are the probability of an event occurring in a game. The sites can present them in decimal or fraction form. Each odd will determine the payout you can receive if you win.
To help you understand, let us look at an example. If the odds of a team winning a match are 1.5, you will receive $1.5 if you place a $1 bet when your team wins. Such a bet increases your betting amount by 50%.
When betting on CSGO, there are three types of odds that you may come across: American odds, decimal odds, and fractional odds. They are different, and you can get confused if you are new to betting.
The American odds are standard in the US, while the other two are more prevalent in other parts of the world. However, finding any of the three odds on CSGO betting sites in the United States and other countries is normal.
It does not matter the type of odds a website uses as long as you understand them and they offer fair returns on your bets. You can visit CSGO Book to find out which site has the best terms and provides better services to players.
Betting sites express American odds in plus or minus form, indicating the payout for a $100 bet. If the odds are positive (e.g.,+200), you can win $200 for every $100. Negative odds (e.g., -200), you must risk $200 to win $100.
Fractional odds, as the name suggests, are represented in fractions. They indicate the profit you can make for every unit that you bet. For example, if the odds are 3/1, you will receive $3 for every $1 bet.
Decimal odds are the most straightforward and most common format. They represent the total payout you will receive, including your original stake. For example, if the odds are 2.5, you will receive $2.50 for every $1 bet, including your initial stake.
How To Calculate CSGO Gambling Odds
Now that we have a basic understanding of CSGO gambling odds, let’s discuss how to calculate them. The first step is determining the probability of an event occurring. You can use statistical analysis or follow the odds set by bookmakers.
You can calculate the odds by converting any format to the one you are most conversant with. For example, if you know that the probability of a team winning a match is 60%, use this formula to convert it into decimal odds:
Decimal odds = 1 / Probability
Decimal odds = 1 / 0.6
Decimal odds = 1.67
Therefore, the decimal odds for the team winning the match are 1.67.
If you prefer to use fractional odds, you can convert the decimal odds using this formula:
Fractional odds = (Decimal odds – 1) x 100
Fractional odds = (1.67 – 1) x 100
Fractional odds = 67/100