Overwatch is a team based mulitplayer first person shooter game. In a game of Overwatch you have two teams playing against each other. To gamble on Overwatch you would place a bet on either team to win. This is most typically called a ‘head to head’ bet or a ‘winner’ bet.
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In the most basic form, betting odds are a representation of the underlying chance that an event will occur - the probability. In any event, every outcome has a chance of taking place. Odds are simply an interpretation of these chances.
On Skrilla, each betting market is attributed an odd. Skrilla manages and creates the betting odds for each betting market.
On the Skrilla platform odds are represented in decimals. For example a 50/50 bet would be represented as 2.00.
The closer the odds are to 1.00 indicates there is a strong chance this event will occur. These is called short odds. The further the odds are away from 1.00 indicates the event has a less likely chance of occuring. These are called long odds.
The longer the odds, the bigger potential payout. The shorter the odds, the smaller the payout.
When you place a eSports bet, you stake an amount of money on a particular betting market. The stake amount is multiplied by the odd of that market, and this create the potential payout amount.
For example if the odds for Mousesports to beat BIG are a 1.70. If you stake $10 on mousesports to win, your potential payout would be $17.00 = $1.70 (odds) x $10.00 (stake).
A multi bet allows you to combine a series of single bets to make one bet. The odds multiply with each bet added. Each bet within the multi is referred to as a ‘leg’.
Increasing the amount of legs in a multi bet ultimately increases the potential payout of a bet. However you need to get each leg of the multi correct to win the multi bet.
For example if you were to pick 4 betting markets, you would have the following:
Combined Odds for 4 betting markets: 1.80 x 3.20 x 2.20 x 1.15 = 14.57
Bet Amount: $20
Potential Payout: $291.40 ($20 x 14.57)
When placing a multi bet with Skrilla, the maximum amount of legs a user can have, is 63.