Betting on chess online. Short review

This sport is one of the few where you do not need to use physical skills. It is a game of intellects, and here, not always the strongest wins. As in any other sport, there are unexpected results. One wrong move can turn an outsider into a favourite.

Betting on chess – on matches or championships are possible. The main events in this sport have open lines in bookmaker sites. So you can easily bet online on chess and that’s why it’s a good idea to analyze before each bet. Thus, you can protect yourself and your funds.

Important chess tournaments

There are several of the most important tournaments in chess that have worldwide popularity. They are broadcast in many countries and have many views. These are the events in this sport that you should bet on. They are often covered in the bookmakers’ lines. And what is not unimportant is that these tournaments offer the best odds on chess betting:

Chess Olympics;
World Cup;
Absolute World Tournament;
World Youth Chess Championship;
World Junior Tournament;
Women’s World Championship.

These are the main tournaments. They have a world scale. They are held in different countries in Asia, Europe and America. In 2022 the Chess Olympiad was held in India. Championships in the sport are held every year. There are also many tournaments within countries.

Today, some of the most famous matches for an individual competition include the Linares Championship (now defunct) and the Tata Steel. The largest team tournament is the Chess Olympics. In it, players compete for their country’s team just like in the Olympics. Most chess tournaments are organized and run according to the World Chess Federation (FIDE) handbook. It contains instructions and rules for matches. Tournaments are generally played in a round-robin system, a Swiss system, or a knock-out style to determine the winner. Below you can read about the best sites for chess betting.

Chess tournament formats

Chess matches can have several formats. They differ only in the timing of the game. Below you can read about the formats:

Classic chess. These are long matches that can last up to 6 hours;
Rapid chess. The meeting on average lasts less than 30 minutes;
Blitz. The whole game takes an average of 10 minutes.

Most often, for betting choose the second format of the tournament. It is optimal. The bettor can make an analysis and predict the outcome. The first option is quite lengthy, which is why it is more like to do chess Live betting.

Chess betting markets and types of bets

Chess does not offer a huge market in the betting industry. In the chess game, there are 3 results to a tournament – win, lose or draw. As for the most popular types of bets, in addition to the classic on the winner of a single match, there is also the opportunity to see unique options on the sites of bookmakers. Here are the common types of chess wagers:

Match Winner: Betting on the player you predict will win a specific match. This is the most straightforward and popular type of chess bet.
Tournament Winner (Outright Winner): Wagering on the player you believe will emerge victorious in an entire tournament. This bet is typically placed before the game begins.
Total Moves (Over/Under): Predicting whether the total number of moves in a game will be over or under a specified number set by the bookmaker.
Player Performance: Betting on a chess player’s performance rating in a match or tournament, such as whether their rating will be above or below a certain threshold.
Opening Move: Wagering on specific opening moves or sequences, such as whether a player will open with a particular strategy like the Queen’s Gambit.
Number of Moves: Predicting the exact number of moves in a chess game or whether the number will fall within a certain range.
Draw: Betting on whether a match will end in a draw. Given the frequency of draws in high-level chess, this can be a strategic wager.
Nationality of Winner: Predicting the country of origin of the chess tournament winner.

The availability of these betting markets can vary depending on the bookmaker. It’s essential to choose a reputable betting site that offers a comprehensive range of chess betting options and competitive odds. Many leading bookmakers now include chess in their sports lineup, accessible via their websites and mobile apps.

Remember to bet responsibly and ensure that your chosen bookmaker operates legally within your jurisdiction.

How to start online chess betting. Rating of bookmakers

Safety is an area of concern for chess bettors. The initial step of beginning betting on a chess game is to find a renowned chess betting site. After that, the players have to sign in for account creation and make a deposit in the account by the convenient and secure payment method – PayPal, Visa or MasterCard, Cryptocurrencies, etc.

You can choose any of the presented companies for betting on chess. Each bookmaker in this list has an official site for PC and mobile applications. In order to gain access to chess betting you will need to register on:

Parimatch. This is a bookmaker company with a lot of experience. In all this time it has received a lot of positive feedback from the players. For Parimatch new users, it offers a +150% bonus for the amount of the first deposit. In addition to chess, the line includes all popular sports;
Mostbet. The bookmaker has good bonus offers for bettors. Easy registration and a lot of options for a deposit. Newbies can get +100% to their deposit after creating an account. The odds and the coverage of events in chess sport is one of the best;
Pin Up. The company has a simple and clear interface on the site and in programs for mobile devices. Navigation can be understood even without experience. Welcome bonus +125% on your first deposit on Pin-Up;
LeonBet. The company is known for its reliability and generosity. For newbies, we offer +100% to deposit and free bets. During the World Chess Championships, the bookmaker has the best roster on the market;
Melbet. A bookmaker company with the best software and Melbet login Bangladesh simple process on the official site. Pays a lot of attention and comes up with promotions during chess tournaments. Offers a welcome bonus for new users +100 to new deposit amount and many other promotions.

These are the top 5 bookmakers on which you can bet. If you decide to use the program for Android or iOS devices, you will need to download the installation file from the official website of the company. You can choose any of the options presented above. These bookmakers cover all significant events in chess betting.

There are many other well-known online betting sites and apps available in the market, like Betway, Unibet, LeoVegas, Bet365, Dafabet, 1xBet, William Hill, etc. that can give attractive opportunities to place a bet on chess sport. The players have to choose some convenient sites which give them high chess betting odds, variable methods of depositing and withdrawing money, live betting options, welcome gifts and other great bonuses.