Esports is still getting more and more popular by the year, yet esports odds are noticeably absent when looking at the offering of Canadian sportsbooks and casinos. There are multiple reasons for this, which we will share with you below.
Bookmakers Have a Lower (Or Even Non-existant) Edge on Esports Odds
To get hired as a bookmaker, you obviously need to have a solid knowledge of multiple sports. Next to this, you also need to have a solid grasp of probability. This allows you to offer players attractive odds that are still in favor of the casino. Even so, it is harder to determine odds than it is to decide if given odds are worth betting on. That is why bookmakers also give themselves an extra edge that is usually around 8%.
Imagine two teams are evenly matched. That means each team has a 50% chance of winning and you may expect odds of 2 for both of them. However, you will notice that most bookmakers will usually give odds of around 1.85 in this scenario. When players then bet 1000 CAD on both outcomes, the casino will pay out 1850 CAD regardless of who wins and still pockets 150 CAD.
The above scenario assumes, however, that bookmakers are able to offer accurate odds for all events. Most bookmakers have a very solid grasp on sports betting, which allows them to do so. When it comes to esports odds, however, most casino employees aren’t exactly experts. This makes offering accurate esports odds very hard. If, in our above example, two outcomes are offered at odds of 1.85, but one team is 75% likely to win, players will quickly take advantage of this and cause the casino to suffer a loss on the event.
The High-volume Betting Safety-layer Doesn’t Exist
Bookmakers are always looking to decrease their risks as much as possible. Continuing our above example, if they would notice players have bet 1500 CAD on 1 outcome and only 100 CAD on the other outcome, they will quickly change the odds for both outcomes. This will not only make the odds more accurate but will also influence future betting behavior.
Given enough time and bets, bookmakers are able to have enough bets on all outcomes to nullify all risks that way, thanks to the edge we talked about earlier. This is again harder for esports odds as the volume of bets doesn’t compare to bets on traditional sports betting events. When the initial esports odds are incorrect, the casino usually does not get the opportunity to rectify the situation. Making an esports odds comparison is also usually not an option because very few other Canadian bookmakers offer any odds to make a comparison with.
Live Esports Odds Are Even More Difficult
When you are not 100% confident in a particular event, you can do extra research on it to determine the proper odds to offer. Research and statistics are not going to help you when it concerns live betting because each situation is unique and odds need to be adjusted on the fly. This means the casino has an even harder time getting an edge on live DotA2 odds and other esports odds than they do for prematch betting.
Arcanebet Isn’t Throwing in the Towel
Despite the poor track record so far, the arcanebet bookmakers are confident they are up to the challenge esports odds bring. That is why you can find plenty of LoL odds, DotA2 odds, odds on Hearthstone and CS:GO and more on our site. By using the bonus code arcane40 you can even receive 100% extra bonus money up to 40 CAD on top of your first deposit!
