Betting on Chess

Betting on chess


Chess is strategy-based board game which extend its roots back to the 7th century. However, it has become a popular event dating back in tournaments in the early 18th century. If you have never played chess or if you have never been interested in this game, you might need to reconsider your views. Because now you can win big money while gambling online on a game of chess. A wide range of chess tournaments are available on various online bookmakers where you can try out your luck.

Famous Chess Tournaments

Chess is a very popular board game across the world and a lot of chess events are organized globally. Players from around the globe participate and brainstorm their way to victory. Here are some of the famous chess events.

  1. World Cup Event:
    Beginning in 2000, the chess world cup is considered one of the most elite chess tournaments in the world. The event happens every 2 years and about 128 players from different countries participate in it. The format of the game is single- elimination where the winner of every game wins the tournament.
  2. FIDE Grand Prix:
    The FIDE Grand Prix consists of a series of four different chess tournaments which includes the qualification for the world chess championship. The top two players also qualify for the Candidate tournament. About 16 players are involved in this tournament and each player plays 3 out of 4 tournaments. The format of the tournament is knockout and the players have to play best out of two matches.
  3. Candidates Tournament:
    It is one of the tournaments which fall under FIDE. The number of players participating in this tournament varies, but most of the time 8 players participate. The winner of this tournament gets the right to challenge the current world champion. The participants of this tournament are decided by various other tournaments.
  4. Super-Tournaments:
    This is a special sponsored chess tournament where participants are invited through special invitations. The participants invited depends on the brand that organises the tournament. Every time you get to see different players facing each other.
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Betting Types

Online betting on chess can be fun and exciting. You can win a fortune if you are lucky enough to make the right call. Betting is not only about predicting the winner. There are various betting options available which can spice up your gambling experience. Before you go on to make an actual bet, make sure to familiarize yourself with the betting options.

  1. Match Winner Bet:
    It is one of the most common online bets, not just in chess, but in all sporting events. It is the simplest option of the bets. This option is also easily to understand if you haven’t gambled before. All you need to do is to predict the winner of the game. If you can do it right, you win the bet. High payouts can be won on the underdog player and the favorite player has a lower payouts. The high payouts can tempt you to gamble on the underdog, but this can be risky at the same time.
  2. Outright Winner:
    It is another interesting online bet available on various betting sites. You need to predict the player who you think can win the whole tournament. The earlier you place the bet, the higher odds you get. Different bookmakers allow you to bet during different stages of the tournament. The odds also change with the time you place your bet.
  3. Opening Move: Chess is a technical game involving high mental concentration. This game requires proper strategy and years of experience to understand and implement a plan. Most of the time, your first move can decide the result of your game. A lot of sportsbooks allow “opening move” bet where you need to predict the first opening move of the player. If you can predict it right, you win!
  4. Number of Moves:
    “Number of Moves” is another interesting bet involved in online chess betting. You need to predict the number of moves up till which a game of chess is going to last. Most of the sportsbooks allow this bet. This bet has more risk than the others and but the odds are also high.
  5. Team Match Bets:
    Many chess tournaments include different teams that competete against each other. You can also bet on teams rather than individual players. For example you can bet on whether the team will progress in the tournament or not.

Tips and Tricks for Betting on Chess

Chess is a strategic game that involves strategic thinking. A lot of planning and experience is needed to win a game of chess in an international tournament. Most people think of betting as a “game of luck”, but that doesn’t mean that you turn a blind eye to the situation and gamble on any random person. Betting involves proper strategies and have certain tips and tricks which can enhance your chances of winning.

  1. Consider ELO Rating:
    ELO rating is a relative method to categorize the performance of different players and teams. This data is used in official tournaments to rank a player. Whenever placing an online bet on a game of chess, make sure to check the ELO rating of a player. The rating also differentiates the rankings for classic, rapid and blitz chess types. It is wise to check these ELO ratings to improve your chances of winning and make an informed decision.
  2. Review Previous Games:
    It is a great step to analyze and review the player’s record and look at the recent performances. Also look at the player’s record against a certain competitor. This data can surely help you make a better decision. Also look for strategies a player uses and analyze the opening moves of players to predict the outcome of the chess game.
  3. Compare the Odds:
    When gambling online, always compare the odds provided by different online sportsbooks. Choose the right bookmaker with the best odds. Check out the reviews on this website to compare the different online bookmakers.
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