Chess Betting Sites

chess betting

Online Chess Betting Bookmakers operating and taking bets on chess games and tournaments are popular these days and are likely to grow even more. A chess game is considered a sport that may come as a surprise to you and there are plenty of chess tournaments that are held throughout the year that allow real money betting.

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Despite the sport being new to the online gambling industry, a few chess betting sites are available online. We cover the best sports betting sites to bet on when it comes to chess matches and the betting options if you would like to place a bet on a chess match or chess tournament.

Best Chess Betting Sites List

We’ve listed the best chess betting sites below, and also if you don’t currently have an account with any of our recommended list of betting sites, what bonus is available should you decide to sign up as a new customer/

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bet 365 logo
MIN DEPOSIT
UP TO £100 IN BET CREDITS
MIN DEPOSIT
MIN ODDS
Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
888 sport logo
MIN DEPOSIT £10
£30 Free Bets + £10 If ENG Reach R16
MIN DEPOSIT £10
MIN ODDS
A min deposit of £/$/€10 with promo code is required – You must bet a min of £/$/€10 at odds of 1/2 (1.50) or greater on a sports market that will be settled before the England v Scotland match (June 18th 19:59:59BST) – Additional Free Bet credited if England reach the knockout stage of Euro 2020 – Free Bets valid for 7 days – Deposit balance is available for withdrawal at any time – General withdrawal restrictions & full T&Cs apply
betway logo
MIN DEPOSIT
£30 FREE BET BONUS
MIN DEPOSIT
MIN ODDS
New UK & Ireland customers only. Min Deposit: £10. First deposit matched up to £30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only. Terms Apply-
netbet 3
MIN DEPOSIT £10
£30 Bonus and Spins
MIN DEPOSIT £10
MIN ODDS
18+ Matched free bet up to £25 Dep. & Bet £10 or more. Single bet only on any sport min. odds of 1/2 to qualify. T&Cs Apply
ladbrokes logo
MIN DEPOSIT £10
Bet £5 Get £20 In Free Bets
MIN DEPOSIT £10
MIN ODDS
18+. New customers only. Certain countries only. GBP & EUR only. Min deposit and spend £10 on Bingo within 7 days of registering and creating a Chat Name on Ladbrokes Bingo to receive £10 Bingo Bonus. 2x wagering req apply. Bonus valid for 7 days. T&Cs apply.
unibet logo
MIN DEPOSIT £10
£40 MONEY BACK BONUS
MIN DEPOSIT £10
MIN ODDS
New customers only. 18+, BeGambleAware.org. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min. odds of 1.40 (2/5), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in. Further T&C’s apply.
coral logo
MIN DEPOSIT £5
Bet £5 Get £20 In Free Bets
MIN DEPOSIT £5
MIN ODDS
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply
betfred logo
MIN DEPOSIT £5
Bet £10 Get £40
MIN DEPOSIT £5
MIN ODDS
New 18+ UK customers only. Bets placed and settled within promo period 00:00 30/05/21 – 23:59 11/07/21.Register using the promo code ‘EURO40’, deposit and place first bet of £10 on Football (Evens+) in one bet transaction. £40 in Free Bets credited within 10 hours of bet settlement and expire after 7 days. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs Apply.
Betfair Logo-01
MIN DEPOSIT £10
UP TO £100 IN FREE BETS
MIN DEPOSIT £10
MIN ODDS
New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.
william hill logo
MIN DEPOSIT £10
Bet £10 Get £30
MIN DEPOSIT £10
MIN ODDS
New online customers only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. See full terms below.

Betting On Chess Tournaments

Chess can’t and doesn’t give many betting markets, so don’t go to the online bookmaker expecting to put a complex wager on because it’s impossible to find what you’re looking for without at least asking for a bet.

There are several foreign Chess competitions held throughout the year, and players from around the world participate. Unfortunately, most sports betting websites cover only the world’s top chess tournaments, so there are extended periods when there are no chess betting matches on these websites. 

What Chess Events to Bet On

Chess has a vast following and is played around the world, but not all chess events are available for betting. We’ve listed below the chess betting events that are available with our recommended chess bookmakers.

Chess World Championship Betting

The Chess World Championship is the most anticipated chess event of the year. The former Chess World Champion has defended their title against a challenger, the event lasts two weeks, and over 12 chess matches are played. 

The Chess World Championship is not always between the best players; however, given the event’s profile, it’s followed and watched by millions of people throughout the world.

The Candidate Tournaments are also available to bet on with most bookmakers. These are held before the World Championship. 

The Candidate Tournaments are used to seed a pool of potential champions with the number one candidate to face the current world champion.

Chess Olympiad 

The Chess Olympiad is perhaps the biggest chess team event in the world. It’s competed in by teams from all over the world, with the winning team being crowned as champions.

The Chess Olympiad features both women and men’s teams with a chess team consisting of 4 players who all compete against another team. The results from each player are scored, with the winning team having the best results.

Other Tournaments

The four Majors, the US Masters, USPGA, US Open, and British Open Championship and you will find that all the major betting sites cover these.

The betting companies also cover some of the tournaments: the Tata Chess Steel Masters, European Individual Chess Championship, Zurich Chess Challenge, London Chess Class, and Grand Slam Masters Final.

There’s also plenty of chess betting options available when events like the FIDE Grand Prix and the Gibraltar Masters going on. 

Betting Options On A Chess Game

The first move with chess betting online is to find a reputable chess betting site.

Online betting on chess isn’t the most popular activity on UK online bookies, but it’s as simple as wagering on, say, football or rugby. Besides, you don’t even need to grasp how the game itself works to have a flutter; the gap between the best players in the world is so low that upsets are relatively standard in chess!

Like other sports, chess includes an overall winner, draw and championship winner, and you’ll be familiar with them if you’re used to betting on other sports. 

As chess is played in a knockout tournament format, you can place quite a few different bets, with the most common being a bet on which player will win any tournament. 

If you look at a match or tournament and fancy a winner, the closer to the event or match, the worse the odds will get. As betting options with chess are limited, it pays to place your bets early to secure the best odds.

Chess Betting Strategy

Chess isn’t a simple game; some of the moves and strategies are pretty complex, it remains straightforward in terms of betting and analyzing. 

One of the most lucrative bets for beginners is the outright tournament winner, mainly as odds vary wildly from when the match or tournament is announced to when it begins, allowing for a more significant profit margin if you get into the action early.

Other than that, the match bet or heads-up bet is the cheapest and easiest bet to make, but you won’t make a big profit as the odds reflect the teams’ skills.

Match Betting

Like many sports, it’s commonplace to bet on the winner of a particular match. For example, you usually want to bet on one of three things when making a wager on a chess match:

  • A home player will win
  • An away player will win
  • Draw

Some bookmakers may offer you the ability to bet on handicapped matches, like a team being a game down before the game starts.

It isn’t much more complicated than that, though the variations on who will win and how they will win are numerous.

Live Betting

Which Chess Players To Bet On

As you may know, chess skills vary dramatically from player to player.

Specifically designed to rate the skill levels of different players in competitive games, the Elo rating system is often used in other sports as well, apart from chess.

This is worth looking at as it will give you an insight into player ratings.