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Sabrina Kolaen Sabrina Kolaen
Modified: July 12, 2024
Chess Betting

Chess Betting Odds in Ireland

chess betting at betiton ireland

🤑 Chess Free BetBet €15, Get a €10 Free Bet
♟️ Bet on Chess TournamentsFIDE World Cup, Chess Olympiad, World Blitz Chess Championship, and FIDE Grand Prix
🖋️ Chess Betting MarketsTournament winner, match winner, Handicap betting, Opening move, and number of moves
💳 Deposit MethodsVisa, Skrill, PayPal, Paysafecard, Interac, and Bank Transfer

Chess is a game which is loved all around the world due to its strategic nature and the fact that there can be plenty of drama. What might surprise you about this fun game is that it has opened itself to sports betting online. That’s right, nowadays, you can place bets on chess matches and tournaments at top bookmakers, with Betiton Ireland being one such bookie. Below we will take you through all that you need to know about online chess betting ranging from market variation to top chess events to quality tips.

Chess Betting Odds

At Betiton Ireland, you will find our chess betting odds in a decimal format, but you have the option of switching to fractional or American by clicking on the menu in the top right corner of the page. We know that you might be unfamiliar with the different types of odds, so we will briefly take you through these different formats now.

  • Decimal: The numbers indicate what your total payout will be if you have luck on your side and land a win. For instance, if you decide to slap down a €10 wager on a chess player to win with odds of 5.00 and they do exactly that, then you will get €50 back – €40 returns and your €10 stake.
  • Fractional: The numbers for fractional odds indicate the amount that can be won for €1 that is bet. For example, if you put down a stake of €10 with odds of 6/1 and it wins, then you will get back €60 in return. This will be your €10 stake and €50 of profit.
  • American: These are unique odds since they come with a plus and minus sign. The plus tells you the amount that can be won by putting down a $100 wager, while the minus tells you the amount that you need to stake to land $100 from a winning bet.

Betting on Chess Biggest Tournaments

chess betting calendar

♟️ Chess Tournament 🏟️ Place 📅 Dates 
✔️ Candidates TournamentToronto, Canada3rd-22nd April 2024
✔️ Chess OlympiadBudapest, Hungary10th-23rd September 2024
✔️ Sinquefield CupMissouri, United States17th-31st August 2024
✔️ American CupMissouri, United States21st-22nd March 2024
✔️ FIDE Grand PrixPasching, Austria9th-12th May 2024
✔️ FIDE World Chess ChampionshipTBATBA
✔️ FIDE World CupTBA2025
✔️ Gashimov MemorialTBATBA
✔️ World Blitz Chess ChampionshipDurres, Albania25th-29th April 2024
✔️ Tata Steel Chess TournamentWijk aan Zee, the Netherlands12th-28th January 2024
✔️ Dortmund Sparkassen Chess TrophyDortmund, Germany10th-18th August 2024

Candidates Tournament

The Candidates Tournament, organised by FIDE, is the final contest used to determine the player that will challenge for the World Chess Championship. The Champion used to have the right to handpick who they will go up against, but this is no longer the case. This event usually features 8-15 of the best chess players in the world, ensuring that the World Chess Championship match is full of quality and drama.

World Chess Championship

The 2024 World Chess Championship will played between Ding Liren (the current World Champion) and Gukesh D (Challenger) to determine who gets to call themselves the World Chess Champion for the next two years. The exact dates for this big match are yet to be decided, but it has provisionally been scheduled for between the 20th November and 15th December. It will be the best of 14 games – there will be a tiebreak in case of a tie. When the dates are announced, you will find World Chess Championship betting options at Betiton Ireland.

Chess Olympiad

The Chess Olympiad takes place every two years and sees teams representing nations from all across the globe. The host nation is selected by FIDE, with each team consisting of five players. The first Chess Olympiad took place in Paris in 1924 and saw Czechoslovakia pick up the gold medal. The most successful nation in this history of this competition is the Soviet Union with a total of 18 gold medals. The US and Russia are sitting in second place with six golds, while Hungary and Armenia have three golds.

chess board with figures

Sinquefield Cup

This is an annual chess tournament which takes place in St. Louis, Missouri in the US. It is an event which honours Rex Sinquefield, who was one of the Saint Louis Chess Club founders. The first edition took place in 2013 and was won by Norway’s Magnus Carlsen, while the 2023 edition was won by Fabiano Caruana. Ten players take part and play each other once, with the player who picks up most points being declared the winner.

American Cup

This is a yearly invitational chess tournament which is played in St. Louis, Missouri, US. Eight of the strongest chess players in the United States take part in this double-elimination chess event. With this format, a player is unable to win the competition if they suffer two losses. This competition only started in 2022 and was also won by Fabio Caruana. The victor in the 2023 edition was Hikaru Nakamura, while Levon Aronian won the 2024 edition.

FIDE Grand Prix

This is a biennial series of chess events that are organised by FIDE and Agon. Each series is made up of three to six chess events, and these are used to form part of the qualifying system for the World Chess Championship. The first Grand Prix took place in 2008-2010 and was won by Levon Aronian. The winner of the previous edition, which took place in 2022, was won by Hikaru Nakamura.

FIDE World Cup

The FIDE World Cup is one of the biggest chess events in the world, and is the competition that every player aims to win at least once. The first chess World Cup took place in 2000 with the format changing a total of three times as follows:

  • 2000 and 2002: A group stage of 24 players split into four groups with a knockout stage following.
  • 2005 to 2019: A 128-player single-elimination event.
  • 2021 to present: There are 206 players with a byes system being used in round one. The second round and all rounds after that are identical to previous systems.
a chess female player thinking about her next move

Gashimov Memorial

The Gashimov Memorial, also called Shamkir Chess, is a tournament that takes place in Azerbaijan in order to honour Vugar Gashimov’s memory. This competition has been played a total of nine times, and Magnus Carlsen has had the most success as he has won four times – 2014, 2015, 2018, and 2019. The current champion in this event is Vidit Gujrathi from India.

World Blitz Chess Championship

This is a chess event to determine the best player when it comes to playing with blitz time controls. For those who are new to this format, each player gets ten minutes, with the possibility of playing each game with a delay per move. It must be stressed that this is ten minutes for the whole match, giving them roughly ten seconds per move. Carlsen has reigned supreme in this event, winning a total of seven titles.

Tata Steel Chess Tournament

This is a yearly chess tournament that takes place each January in Wijk aan Zee in the Netherlands. You will find top grandmasters competing in this event, but regular club players are more than welcome to participate as well. The Masters group sees 14 of the best chess players take on each other in a round-robin event, sometimes referred to as the “Wimbledon of Chess”. At this stage, you will probably not be surprised to find out that Carlsen has the record for more wins in this tournament, having eight wins to his name.

Dortmund Sparkassen Chess Trophy

This was an elite chess tournament which was played every summer in Dortmund between 1973 and 2020. It usually had a round-robin format, although the 2002 and 2004 editions were heads-up matches. It is now called the No Castling Masters because castling is prohibited. Viswantathan Anand, Dmitrij Kollars, and Fabiano Caruana are the three players who have gone on win this competition since it changed its format three years ago.

Top 10 Best Chess Players in 2024

trophy from a chess competition

🏆 Chess Rankings ♟️ Chess Player 📍 Country 
1️⃣Magnus CarlsenNorway
2️⃣Fabiano CaruanaUnited States
3️⃣Hikaru NakamuraUnited States
4️⃣Nodirbek AbdusattorovUzbekistan
5️⃣Ding LirenChina
6️⃣Alireza FirouzjaFrance
7️⃣Ian NepomniachtchiRussia
8️⃣Wesley SoUnited States
9️⃣Arjun ErigaisiIndia
🔟Wei YiChina

How to Bet on Chess at Betiton Ireland?

Now that we have told you about the biggest and best chess events and the different markets that you can bet on, we are going to explain how you can do some betting on the World Chess Championship or any other chess event at Betiton Ireland:

  1. Click “Sign Up” in the top left of the homepage.
  2. Provide your email address and create a username and password.
  3. Give us your first name, surname, mobile number, house address, and date of birth. Click on “Create Account”.
  4. Head to our banking page, choose a deposit option, follow the instructions, and deposit some money.
  5. Go to our chess betting page, take a look through the different betting options, and select those that appeal to you.
online chess betting on mobile

Online Chess Betting Markets

Now that you know the different top tournaments that chess fans can do a spot of chess online betting on, we are now going to take you through some of the popular chess markets that you can find at the best chess betting sites such as Betiton Ireland.

  • Match winner: This is the easiest and most popular bet since all you are tasked with doing is trying to predict the player who will go on and win the match.
  • Opening move: There are so many different opening moves in a game of chess and many of them have their own names. The opening move is really important as it can provide an insight into each player’s strategy. The top bookmakers will allow you to put bets on what the opening move will be.
  • Number of moves: This usually comes as an over/under wager. What you are doing here is placing a bet on the total number of moves that there will be in a game. Your bookie will give you a number, and then you just have to decided whether the final number of moves will over or under that figure.
  • Team to be relegated: If you are following an event which involves different teams, then you will usually have the option of betting on the team that you think will be relegated to the next phase or stage of the competition.
  • Handicap betting: Sometimes one of the players will be a huge favourite, which means that they will have short odds that are not worth paying attention to. You can make the odds more enticing by giving them some sort of disadvantage. For instance, they might surrender particular pieces at the start of the match or have fewer moves than their opponents.

Live Chess Betting

All of the top bookies will offer their customers a live betting platform, which allows you the chance to put wagers down when the action has started. This is called live chess betting, and it can provide added entertainment. Many bettors enjoy placing live bets as it gives them some time to better understand how a match might unfold.

At Betiton Ireland, you will find markets and live odds for the biggest chess events. Regarding odds, keep in mind that they change all the time, depending on what is occurring in the game. So, when you see odds that entice you, place your bet before they are changed.

live chess betting

Betiton Ireland Chess Betting Offers 

At Betiton Ireland, we treat our new punters to a free bet bonus that can be used for betting on chess. Once you open an account and put down a €15 qualifying wager, you will receive a free bet that is worth €10. There are T&Cs attached to this welcome bonus, and we have listed the main ones below:

  • For new customers only.
  • Minimum odds of 2.00.
  • 14 days to make use of the free bet.
  • Skrill, PayPal, and Neteller deposits are banned from claiming the bonus.

How to Calculate the Score of Chess Players?

The Elo rating system is used to measure the relative strength of a chess player compared to others. A player’s Elo rating is determined by their results in previous games, so a player who goes on a winning streak will see the Elo rating increase dramatically. The opposite will happen to those who are on a losing streak.

A player who has 100 more rating points than their opponent will be expected to win five out of eight games that they play against each other. If a player has a 200-point advantage, then they will be expected to win three out of four games that they play.

chess player's hand moving one of the figures

Chess Betting Tips by Betiton Ireland

It is now time for me to give you some top chess betting tips to keep in mind when betting on this entertaining sport.

  • Analyse previous games: Research can greatly increase your chances of placing a winning bet. Chess is one of those games which involves plenty of strategy, so it is importance to check out how a player has been performing as of late before betting on them. You should check out their current Elo rating and whether they have gotten off to slow or fast starts in their recent games.
  • Check head-to-head records: Some players can have an edge over a particular opponent, and psychology can play a big part in this sport. A player will know that they have a poor record against their opponent, and this could end up impacting their decision making. If a player has a poor record against their opponent, I would not recommend betting on them.
  • Outside factors can play a part: Chess is played in the mind, so players need to be switched on at all times. One tiny lapse of concentration can lead to a loss. Before betting on a player to win, see whether they have had to fly across numerous time zones in order to take part in the competition – if there is a chance that they have jetlag, do not bet on them as they might too tired to think straight.

Other Sports Categories to Bet on at Betiton Ireland

While we offer Chess Championship betting odds and odds for other top chess events, there will be times when there are no chess events available for you to bet on. When such times arise, you will have many other sports that you can bet on as can be seen from the list below:

  • Football
  • Rugby
  • Horse Racing
  • Greyhound Racing
  • Golf
  • Boxing
  • Formula 1
  • MMA
  • Snooker
  • Darts
  • Gaelic Hurling
  • Gaelic Football
  • Olympics

Responsible Gambling

Responsible gambling is something that we always take seriously at Betiton Ireland. This is why we make sure that we offer a range of features that you can use to keep track of the money that you spend. For example, you can set a daily, weekly, or monthly deposit limit. Or you can self-exclude yourself from your account for a period of six months.

Additionally, we suggest that you create a budget with an amount that you know you can afford to potentially lose when you are making use of betting odds for the Chess World Championship or any other chess event. When your budgeted money is gone, stop betting and never chase your losses.

Frequently Asked Questions about Chess Betting

How Does Chess Betting Work?

Chess betting works in the same way that it works for any other sport. Head to our various markets and odds, click on those that entice you, and they will be added to a betting slip. Decide how much you want to stake, add it to the stake box, and submit the wager.

How Do You Calculate a Player’s Chess Score?

A player’s chess score is calculated using the Elo system – This takes a player’s recent performances into account and gives you an idea as to how likely they are to beat their next opponent.

Who is the Best Chess Player in the World?

Magnus Carlsen is the world’s best chess player. He has multiple titles to his name in all formats, winning the World Chess Championship for the first time in 2013 – he has won it a number of times since, but he has decided to vacate this event for now due to a lack of interest in it.

What Are the Biggest Chess Competitions?

The biggest chess competitions include the FIDE World Cup, Chess Olympiad, World Blitz Chess Championship, and FIDE Grand Prix.

What Are the Most Popular Chess Bets?

Match winner, opening move, number of moves, and team to be relegated are some of the most popular chess bets.

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