The Best Ways to Analyse Esports Betting Data
Esports betting has become increasingly popular worldwide over the years as an inclusion to normal sports betting, with more and more people wagering on their favourite teams and players. Analysing esports betting data is a crucial part of making informed betting decisions, but it can be challenging for those new to the scene. In this article, we will discuss the basics of esports betting data, the different types and sources of data, and techniques for analysing and using the data for betting strategies.
Table of Contents
Understanding Esports Betting Data
What is Esports Betting Data?
Esports betting data is a collection of information that provides insights into the performance and trends of esports teams, players, and events. It includes data on various factors such as win/loss records, player and team stats, maps played, and other game-specific information.
Types of Esports Betting Data
There are different types of esports betting data that can be used for analysis, including historical data, live data, and real-time data. Historical data includes past performance records, while live data is updated during the course of an ongoing match. Real-time data includes live betting odds, social media trends, and other up-to-the-minute information.
Sources of Esports Betting Data
Esports betting data can be obtained from a variety of sources, including game developers, esports organisations, and betting platforms. Other sources include social media trends, live streams, and other relevant sources of information.
Basic Esports Betting Analysis Techniques
It is important to first do analysis for esports betting on multiple factors, which include:
Win Rate Analysis
Win rate analysis involves analysing a team’s or player’s performance based on their win/loss record in public games and esports tournaments. This technique is helpful in identifying teams and players that consistently perform well and those that do not.
Map analysis involves analysing a team’s or player’s performance on different maps or game modes. This technique is useful in determining a team’s strengths and weaknesses on different maps and can inform betting decisions accordingly.
Player Performance Analysis
Player performance analysis involves analysing individual player stats such as kills, deaths, assists, and other metrics. This technique is useful in identifying standout players who may have a significant impact on the outcome of a match.
Team Performance Analysis
Team performance analysis involves analysing team stats such as objective captures, time spent on objectives, and other metrics. This technique can provide insights into a team’s playstyle and can inform betting decisions accordingly.
Advanced Esports Betting Analysis Techniques
Draft analysis involves analysing the draft phase of a game, where teams choose their players and characters. This technique can provide insights into a team’s strategy and can inform betting decisions accordingly.
Meta analysis involves analysing the most popular strategies and tactics in the current esports meta. This technique can provide insights into the overall trends in esports and can inform betting decisions accordingly.
Lineup analysis involves analysing a team’s roster and player substitutions. This technique can provide insights into a team’s overall strategy and can inform betting decisions accordingly.
Historical Trends Analysis
Historical trends analysis involves analysing past trends and patterns in esports betting data. This technique can provide insights into long-term trends and can inform betting decisions accordingly.
Using Esports Betting Data for Betting Strategies
Bankroll management involves managing your funds such as setting a budget and using bonuses to extend your playtime, as well as making responsible betting decisions. This technique is essential for ensuring that you do not lose all of your funds in a single bet.
Betting Against the Public
Betting against the public involves placing bets against popular opinion. This technique can be effective when the public heavily favours a particular team or player.
Hedging bets is a strategy used to reduce the potential risk of losing a bet. It involves placing additional bets on the opposite outcome of the original bet. This can be done before the match starts or during the match in the case of in-play betting.
For example, if you bet on Team A to win a match, but during the match, Team B is performing exceptionally well and looks likely to win, you could place a hedge bet on Team B to minimise your potential loss.
In-play betting, also known as live betting, allows you to place bets on an ongoing match. This type of betting has become increasingly popular in the esports industry as it allows for real-time analysis and decision-making based on the match’s current state.
In-play betting also provides an opportunity to hedge your bets, adjust your strategy, and potentially win more significant payouts if you make the right decisions during the match.
Tools for Esports Betting Data Analysis
To effectively analyse esports betting data, several tools are available to help streamline the process and provide more accurate insights. Here are some of the most commonly used tools:
Excel and Google Sheets
Excel and Google Sheets are spreadsheet tools that allow for easy organisation and analysis of large datasets. These tools enable users to manipulate data, perform calculations, and create charts and graphs for better data visualisation.
Data Visualization Tools
Data visualisation tools like Tableau and Power BI provide an effective way to visualise data and identify trends and patterns. These tools allow users to create interactive dashboards that can be customised and shared with others.
Statistical Analysis Software
Statistical analysis software like R and SPSS provide more advanced data analysis capabilities. These tools are useful for performing complex statistical analysis and predictive modelling based on historical data.
Tips and Tricks for Analysing Esports Betting Data
To effectively analyse esports betting data, it’s essential to follow a set of guidelines. Here are some tips and tricks to keep in mind:
Stay Up-to-Date with the Latest Trends
Esports is a rapidly evolving industry, and it’s crucial to stay up-to-date with the latest trends and developments. Following esports news and social media channels can provide valuable insights into player performance, team dynamics, and new strategies.
Utilise Multiple Data Sources
To get a more comprehensive picture of esports betting data, it’s important to utilize multiple data sources. This includes data from various tournaments, leagues, and game modes. By using multiple sources, you can reduce the risk of bias and gain a more accurate understanding of esports performance.
Use a Consistent Methodology
Consistency is essential when analysing esports betting data. Using a consistent methodology ensures that you’re comparing apples-to-apples and can make more accurate predictions based on historical data.
Keep Detailed Records
Keeping detailed records of your bets, data sources, and analysis methodology is crucial for improving your analysis over time. These records can also help identify mistakes and areas for improvement.
Learn from Mistakes
No one is perfect, and mistakes will happen when analysing esports betting data. It’s essential to learn from these mistakes and use them to improve your analysis methodology over time.
Challenges and Risks of Analysing Esports Betting Data
Analysing esports betting data comes with several challenges and risks. Here are some of the most common:
Esports betting data can be inaccurate due to several factors, including faulty data collection methods, incomplete datasets, and intentional manipulation. It’s crucial to verify the accuracy of your data sources to ensure your analysis is based on reliable information.
Small Sample Sizes
Small sample sizes are a common challenge in analysing esports betting data. Esports competitions may not have as many games or matches as traditional sports, making it difficult to draw meaningful conclusions from a limited amount of data.
Biases and Manipulation
Another challenge in analysing esports betting data is the potential for biases and manipulation. In the world of esports, there have been instances of match-fixing and other forms of cheating, which can skew data and lead to incorrect conclusions. It is important to approach data analysis with a critical eye and take steps to verify the accuracy and integrity of the data.
Additionally, biases can arise from the sources of data used in analysis. For example, data from a single tournament or region may not be representative of the overall performance of a team or player. It is important to use data from multiple sources and over a longer period of time to get a more accurate picture.
Limited Availability of Historical Data
Esports is a relatively new field, and historical data can be limited compared to traditional sports. This can make it difficult to identify trends and make predictions based on past performance. However, as esports continues to grow in popularity, more data will become available over time.
Analysing esports betting data can be a challenging but rewarding process. By understanding the types and sources of data available, utilising basic and advanced analysis techniques, and applying the data to betting strategies, it is possible to gain a competitive edge in esports betting.
While there are challenges and risks associated with analysing esports betting data, these can be mitigated by staying up-to-date with the latest trends, utilising multiple data sources, using a consistent methodology, keeping detailed records, and learning from mistakes.
As esports continues to grow, so will the availability and quality of data, making it an exciting field for both esports enthusiasts and data analysts alike. By applying these tips and techniques, bettors can make more informed decisions and increase their chances of success in esports betting.