How does Pinnacle set odds?

How much you will win in esports betting depends on two factors – how much you bet and what the odds are. Odds also reflect the probability of the certain outcome occurring

Odds format: Decimal

Pinnacle offers odds in 2 formats: decimal and American. Decimal odds are the easiest and fastest way for bettors to calculate how much they can win if they bet correctly.

Essentially, the lower the decimal number, the higher the probability of the team winning. The higher are the decimal odds, the lower the probability of a team winning. If Team A is at 1.600 and Team Liquid is at 2.500, the bookmakers think Team A is more likely to win the round.

You can calculate the amount you will win on a decimal bet by a multiplying the decimal odds by an amount you want to bet.

Decimal odds example

Below is an example of fractional odds for eSports games on the Money Line marketplace. This is the most common and usual type of bet and you can choose which of the two teams will win the game. This could be Team A hypothetical odds against Team B:

Team A 1.600

Team B 2.500

If you bet €100 on Team A, the potential return would be €160.00. This is calculated as:

Odds x stake = return

1.600 x €100 bet = €160.00

This number includes your original €100 bet (also known as a stake), so the profit is €60.00.

If you placed a €100 bet on Team B, the potential return would be €250:

2.500 x €100 = €250.00

(€150 profit plus your €100 stake)

When betting on a match winner using decimal odds, the amount you bet is also referred to as the “risk” amount. When you place a bet, the bet slip will show the potential win – that is, the potential return.

You can also use decimal information to calculate the probability of an outcome. You can do this by dividing 1 by the decimal odds. For example:

1 / Decimal Odds = 1 / 1.600 = 0.625

Team A has a 62.5% chance of winning

1 / 2.500 = 0.400

Team Liquid has a 40% chance of winning

You’ll notice that these two probabilities, 62.5% and 40%, only add up to 102.5%. This is because the odds include a “bookmaker’s margin”. This is the amount of money the bookmaker is aiming to earn from taking bets-in this case, 2.5%.
The lower the margin a bookmaker offers, the better value the customer is getting. Pinnacle prides itself on an offering the best margins on the internet.