Technology is developing and people's betting needs are changing as well. This is the time when we witness the boom of online bookmakers. Online betting brings more convenience than traditional methods of betting. One of the biggest advantages of online betting is the availability of competitive betting odds. Most of the online bookmakers recommended by Wintips ensure credibility, quality of odds, and attractive promotional programs. There are still many players who are confused and curious about this issue, which is understandable. In today's article, let's go through "Top 5 bookmakers with best odds in 2024" with Wintips. Some names will surprise you.
What are the odds?
The odds, also known as betting odds, represent the ratio of the amount that can be won to the amount staked in a bet or game. The odds offered by reputable bookmakers can be represented by numbers such as 2.0, 500, -0.75, -1.75, etc. Based on the odds, both the players and the bookmakers online can calculate the amount of winnings or losses in a sports betting or a game.
Most bookmakers support commonly used odds formats, such as decimal odds (DEC), American odds (US), Indonesian odds (IND), and Malaysian odds (MY). The Hong Kong odds (HK) have been renamed to Chinese odds (CN). Overall, these are the names of the leading countries in the world of online betting. The bookmakers recommended by Wintips below are no exception to this.
Classification of odds
As mentioned above, odds are divided into five types. We will classify them below:
Decimal Odds (DEC)
Decimal odds, also known as DEC odds, are commonly used by bookmakers to allow players to choose and display their favorite odds. Decimal odds, also known as DEC odds, are commonly used by bookmakers to allow players to choose and display their favorite odds.
DEC odds are often considered the standard odds because they can be applied to 1x2, handicap asiatico, and Over/Under bets. Decimal odds are important because when you win a bet, you win enough. Conversely, when you lose, you lose your stake; when you draw the bet, you get your money back. DEC odds already include the stake you bet. DEC odds are very different from HK or CN odds, so you should take note.
Calculating winnings and losses with Hong Kong (HK) odds:
Winnings (including stake) = Bet Amount X Decimal Odds.
Looking at the DEC odds, it is very easy to distinguish which team is the favorite and which team is the underdog. Simply put, the larger the number, the greater the winnings, which are usually assigned to the underdog team. Conversely, the favorite team will be assigned a smaller number, and the winnings will be lower.
Hong Kong (HK) odds – China (CN) odds
Hong Kong (HK) odds or Chinese (CN) odds were officially renamed on January 1, 2020. There is still no clear explanation for this name change. It may be due to political pressure from China, or simply for some other complicated reason that bookmakers have to use Chinese odds instead of Hong Kong odds. Hong Kong odds can be understood as follows: HK odds = Decimal odds -1. Why subtract 1? The number 1 here represents the capital or principal. Hong Kong odds can be understood as follows: HK odds are calculated as Decimal odds minus 1.
Calculating winning and losing money with Hong Kong (HK) odds:
Winning money (excluding capital) = Bet amount X Odds.
Losing money = Bet amount.
Malay (MY) odds
In addition to decimal odds (DEC), which are commonly displayed by online betting websites by default, there is another option for gamblers to choose from, which is Malay (MY) odds. Malay (MY) odds are a number that shows the correlation between the bet amount and the potential profit that the player will receive when betting. Malay odds only show the amount of net profit (not including the capital) and the amount of money lost when the player places a bet. Net profit is the actual profit after deducting the capital.
MY odds are expressed as both positive (greater than 0) and negative (less than 0 and with a "-" sign in front of the number) numbers. Usually, positive odds are assigned to the stronger team (favored team), while negative odds are assigned to the underdog team.
If Malay odds are positive, the winning and losing money will be calculated as follows:
Winning money (excluding capital) = Bet amount × Odds.
Losing money = Bet amount.
On the contrary, if Malay odds are negative, the winning and losing money will be calculated as follows:
- Winning money (excluding capital) = Bet amount × Odds.
- Winning money (excluding capital) = Bet amount × Odds.
Indonesian Odds (IND)
Indonesian Odds, or more precisely, Indonesian odds, represent the amount of money won or lost when a player places $1 on a particular match offered by bookmakers with the best odds. Indonesian odds (IND) are also expressed as both positive and negative numbers. They look similar to Malay Odds (MY) and do not include capital when calculating the winnings for the player.
Positive Indonesian odds indicate the underdog team, while negative Indonesian odds indicate the favored team.
The formula for calculating winnings/losses with IND:
Winnings (excluding capital) = Bet Amount × Odds.
Losses = Bet Amount.
Alternatively:
- Winnings (excluding capital) = Bet Amount × Odds.
- Losses = Bet Amount X Odds.
American Odds (US)
American odds, also known as US odds, are the numbers used to calculate the winnings and losses when a player places a bet on a particular match. Simply put, American odds are Indonesian odds multiplied by 100. Americans might not like decimal numbers divided by dots or commas, but they prefer even numbers with large values. For example, they might prefer values like 300, 200, or -150 for easy reading and remembering.
To calculate winnings and losses when placing a bet with American odds, you can refer to the above formula for Indonesian odds. After calculating, remember to divide by 100 since US odds are 100 times greater than Indonesian odds.
Top 5 bookmakers with the best odds and highest scores?
1/ Bookmaker 22Bet
When it comes to bookmakers with the best odds in 2024, the name 22Bet cannot be ignored. This bookmaker fully meets the desires and demands of even the most discerning players. The betting odds at 22Bet are highly regarded for their suitability, diversity, accuracy, and fairness. Moreover, 22Bet's impressive reputation is also reflected in its registered members. To date, the bookmaker has nearly 10 million members, and this number is still growing rapidly. Certainly, the number of 22Bet members will continue to increase.
22Bet officially joined the betting industry in 2017. Until now, bookmaker betting has had six years of experience in operation. However, compared to other bookmakers, 22Bet has become a large international betting platform. Its extensive network covers 51 countries. When you visit 22Bet, you can enjoy many attractive bonus programs. Whether you are an experienced bettor or a new player, you can receive great incentives.
2/ Bookmaker 1XBET
1XBET is a relatively new player in the world of online betting across many countries. However, in reality, the company has established a solid reputation and position in the online betting market. With its origins in Russia in 2007, the company has over 17 years of experience in the betting industry. As a result, the company offers very high odds and supports a wide range of betting options. Additionally, 1XBET's betting odds are highly rated for their fairness, transparency, and accuracy.
Another strength is that 1XBET provides over one thousand sports betting events every day. In addition, there are hundreds of betting opportunities with different odds for bettors to experience. Therefore, when betting with 1XBET, you don't have to worry about a shortage of betting opportunities to join and win rewards.
3/ Bookmaker with best odds BET365
BET365 is a legitimate online betting site. Since its launch, the site has been licensed by the Malta Gaming Authority. As such, BET365 has been committed to maintaining absolute integrity throughout its over 20 years of operation. There have been no cases of fraud involving BET365. Instead, you can expect a fair and transparent betting experience. BET365 is a top-notch football betting site that typically offers the most competitive odds on the market. Additionally, BET365's football odds are diverse and attractive. Before each match, the site updates its odds board quickly, allowing you to place effective bets.
BET365 is the king of promotions. With strong financial resources, the site regularly runs promotions. Specifically, the promotions offered by BET365 offer high bonus values. The promotional program is open to all members, but you must follow the site's rules to claim any rewards.
4/ Bookmaker MEGAPARI
This online gambling website offers an attractive welcome bonus of up to €100. The amount you receive depends on the scale of your first deposit. It is a generous and straightforward offer. MEGAPARI has highly competitive betting odds and many markets to win. If there is a major sporting event taking place, you can rest assured that Megapari will report on that event. They have a highly professional service, and you can access this website knowing that they provide both security and privacy.
You must place bets totaling five times the amount of the bonus received, and this must be done by placing accumulator bets. These accumulators must have at least three selections, and each selection must have a minimum betting odds of 1.4 (2/5). Once the betting requirements have been met, you can withdraw money from your account. This helps MEGAPARI become increasingly strong and gain favor among many online betting players.
5/ Bookmaker with best odds 188BET
188Bet is a long-standing betting site established in 2006. With over 15 years of operation in the market, the reputation of 188Bet is widely recognized and acknowledged. To achieve success, from the very first steps of developing in the field of online betting, 188Bet underwent evaluation by licensed units for reputable operating bookmakers. Thus, 188Bet was officially licensed by the Isle of Man Gambling Supervision Commission, an international gambling organization that issues licenses for bookmakers.
Operating as a reputable licensed bookmaker, 188Bet builds complete trust among players around the world. Not stopping there, the bookmaker also demonstrates its financial capacity by sponsoring many European football teams and F1 racing in Asia. The betting odds at 188BET are highly rated, reaching 9.4/10. The real-time betting feature will make betting results more accurate. At the same time, when you win a bet, the bookmaker also provides a mechanism for immediate payment after the match ends. Besides, with high payout rates, it helps players earn large revenues.
Conclusion
The above is all the information related to the odds as well as the Top 5 "bookmaker with best odds" in 2024 for your reference. Hopefully, this article will provide you with sufficient information and knowledge to make the most feasible choices. Don't forget to visit the Wintips website every day to get more interesting news.
See also: Sports Betting Apps: Top 5 Best Betting Apps on Mobile Phones
