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7 Common Football Betting Odds on Reputable Bookmakers
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7 Common Football Betting Odds on Reputable Bookmakers
When starting out in bookmaker app sports betting, many people often encounter difficulties in choosing and calculating the odds. Understanding the odds plays a crucial role in determining the outcome of a bet.
Despite sounding complex, calculating betting odds is relatively straightforward. Let's delve deeper into this topic through the following article!
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Understanding Sports Betting Odds
Sports betting odds are specific numbers provided by bookmakers for players to choose from. To determine these numbers, bookmakers must compile data related to the match, such as team line-ups, form, and weather conditions.
Betting odds inform players about the potential winnings after a successful bet. They also reflect the likelihood of winning a bet. The greater the disparity between the teams playing, the lower the odds, and vice versa.
Most Common Sports Betting Odds Today
There are many types of sports betting odds, but the most common ones include:
American Odds
American sports betting odds are easy to understand and straightforward. You don't need to be proficient in calculations or have experience to choose this type of odds. American odds are typically represented by a minus (-) or plus (+) sign. The minus sign usually indicates the team expected to lose, while the plus sign denotes the team expected to win. The larger the amount wagered, the greater the potential winnings.
For example: Let's say a bookmaker provides betting odds for two teams, Hoang Anh Gia Lai (HAGL) and Song Lam Nghe An (SLNA). The betting odds for SLNA to win are +200, and the odds for HAGL to lose are -100. If a player bets 1 million VND on SLNA and wins, they'll receive 2 million VND. This includes the initial 1 million VND wagered and an additional 1 million VND in winnings. If a player bets 1 million VND on HAGL and wins, they'll receive 3 million VND. This includes the initial 1 million VND wagered and an additional 2 million VND in winnings.
Decimal Odds (DEC)
Decimal odds, or decimal betting odds, are expressed as decimal numbers. They represent the total amount a bookmaker has to pay out when a player places a bet of 1 unit and wins. The special feature of decimal odds is that the payout includes the original stake.
For example: If a player bets 1 unit on an Asian Handicap match and wins with decimal odds of 1.82, the payout will be 1.82 units. This includes the original 1 unit stake. Therefore, the player will receive 0.82 units in profit. Conversely, if the player loses, they will lose the entire initial stake.
The formula to calculate the payout when betting with decimal odds is: Total Winnings (including stake) = Initial Stake X Odds (DEC).
Looking at decimal odds, it's easy to determine which team has the advantage. Teams with lower odds are typically favored, and consequently, the potential winnings are also lower.
Hong Kong Odds
As the name suggests, Hong Kong sports betting odds are even numbers provided by Hong Kong bookmakers. Based on these numbers, players can calculate the potential winnings after a successful bet. Due to their straightforward calculation method, Hong Kong odds are popular among Vietnamese players.
Malaysian Odds
Malaysian odds (MY) represent the relationship between potential profit and the initial stake. They indicate the actual profit after deducting the initial stake or the amount lost when a player places a bet.
Malaysian sports betting odds can be positive or negative. However, unlike American odds, negative odds are assigned to the stronger team, while positive odds are assigned to the weaker team.
Fractional Odds
Fractional odds are commonly used in sports betting, especially in Europe. Although not popular asian bookies football in like Vietnam, they are still favored by many European players. The calculation method for fractional odds is straightforward and easy to understand.
For example, in a match between Song Lam Nghe An and Hoang Anh Gia Lai, if the fractional odds are 2/1, it means there is a 50% chance of winning. Consequently, there is also a 50% risk of losing the bet.
Macao Odds
Macao sports betting odds are among the most popular types of odds today. They are provided by bookmakers from Macao and can be positive or negative. The calculation method is relatively simple.
For example, if a bookmaker sets the odds for Hoang Anh Gia Lai at -0.99 and Song Lam Nghe An at 0.92, a player betting 100,000 VND on HAGL and winning will receive 99,000 VND in profit, plus the initial 100,000 VND stake, totaling 199,000 VND. Conversely, if the player bets 100,000 VND on SLNA and wins, they will receive 92,000 VND in profit. However, if they lose, they will lose the entire initial stake.
Over/Under Odds
Over/under odds are commonly used in football betting. Bookmakers determine these odds based on the total number of goals scored in a match. Players predict whether the total goals scored will be over or under the bookmaker's set line. The most common types of over/under odds include:
Over 2: If the total number of goals scored exceeds 3, those who bet on "over" win; if it equals 2, the bet is a draw; if it's less than 2, those who bet on "under" win. The payout is equal to the amount wagered multiplied by 2.
2 ¼ Goal Line: Players who bet on "over" win if the total number of goals scored is 3 or more. Conversely, those who bet on "under" win if the total number of goals scored is less than 3. The payout is equal to the amount wagered multiplied by 2.25.
Conclusion
In conclusion, this article has provided a comprehensive overview of the most common sports betting odds today. It's essential to understand compare bookmaker odds each type of odds to make the most informed betting decisions possible. Finally, I wish you all the best in making substantial profits while participating in sports betting!
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