To be able to place a successful bet on an AFL game, you need to have a basic understanding of the rules of the sport, as well as how good the teams are. The same applies for e-sports. A good way to learn more is to watch games and tv-shows where they make analysis of different teams and competitions. You can find several good shows like this on twitch.tv - but also on other sites throughout the internet. Australia's fastest e-sports live streaming service right now is Respawn
, faster even that twitch on all featured ESL events. It is also a one-stop-shop where you can find everything from odds to statistics, pre-game analysis and you can even place your bets there. So for Australian punters wanting to bet on e-sports, Respawn is the best place to start the journey.
A few important things to keep in mind, as with all betting:
- Gain knowledge
- Spread the risks
- Manage your bank roll
- Keep records of your bets
You can acquire knowledge by reading web pages, blogs, the aforementioned e-sports-hub Respawn, forums as well as following specific accounts on social media. The Score Esports is also worth mentioning, an app that gives you information about all the teams, tournaments and end results for different games, but it can be quite difficult in the beginning to try to analyse the information flow.
Gather as much info as possible about the various teams and their individual players. Sometimes a player leaves the team, transfers are common just as with football, and obviously this affects the form of the team as well as their style of playing. Find out what their form curve looks like. The more you know, the better analysis you can make and the smarter your bets.
It is also advisable to stick with one single sport in the beginning. Just because you are learning everything about how LOL works and which teams are hot or cold, doesn’t mean that you will automatically understand Dota 2 or CS:GO well enough to place smart bets there. Every game works differently, so just take it easy and one step at a time.
Make sure to have an adequate spread of risks! Don’t bet your whole capital on the finals of EU LCS, but rather place smaller sums as bets on various games. If you lose one, you might win two others. Statistical discrepancies (what is also known as “bad luck”) has a much bigger impact on the total outcome, the fewer number of events that are involved. So if you bet on 1000 games you know you’ll have a 60 % chance of winning, the likelihood is bigger that you’ll win 60% than if you had only been betting on 10 games. And if you’re betting on a single game with 60% chance of winning, you can still lose your whole bankroll if you go all-in on it. So spreading your risks is crucial when it comes to betting.
Managing your bankroll is essentially also about spreading your risks. You shouldn’t bet 100% of what you’ve got on one game, nor 50%. Place a limit you can stick to, for example 5% of your total capital. If you have $1000, you’ll bet a max of $50. If you win $75 you have $1075 and will bet a maximum of $53,75 the next turn (still 5%).
It’s easy to think of it as a slow and boring strategy, and sure, it’s definitely slower than betting your $1000 on red in roulette. But it is also safer, and if your end goal is to win more money this is the way to go. In the long run you will see that you’re adding more and more to your bankroll, provided that you can pick out good bets. And even losses will be easier to handle this way, since they won’t be digging deep holes in your pocket. With this strategy you can periodically bet on really high odds, since you can afford to lose the money and have the possibility of winning big - especially if you consider the odds to be wrong and that your underdog has bigger chances of winning than your bookmaker thinks.
To keep records of your bets is also very important. This is how you see what you’ve done right and/or wrong throughout the season, what can be adjusted, which type of game you’re best at predicting, and so on. If it turns out that you’re best at predicting the total number of goals in a soccer match, make sure to put your focus here and get even better. This could mean that you could increase your ROI from, let’s say, 105% to 110% which would be a huge difference for your bankroll in just a few months time.