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What is the odds ratio? Odds are a very special concept in online football betting. Odds are simply understood as the monetary value associated with winning or losing a match. Odds in football are quite diverse, so they have very high requirements. Understanding what football betting odds are is essential if you want to become a professional bettor. In today's article, bet win tips will provide you with the necessary information about Odds as well as distinguish the types of odds in basic football.
What are the football betting odds?
Odds, or the Odds Ratio, are a basic and popular form of odds. The term odds is used to denote the exchange rate that a player receives for winning a football match. Depending on the match, reputable bookmakers will apply different odds formats. Players only need to choose one payout rate when placing bets.
Basic football betting odds formats include:
- Odds Malay (MY)
- Odds Hong Kong (HK)
- Odds Indo
- European Odds (DEC)
- Odds USA
Trusting the Odds isn't always safe. This is especially true when you bet on unreliable bookmakers. The types of Odds are always changing flexibly according to the arrangement of the bookmaker. This obliges players to master how to read the odds accurately to avoid losing money.
How to read Football Betting Odds
After we have mastered the definition of Odds, we will understand how to read them. Let's learn according to the list above.
1. Malay Odds (MY)
Malay odds are relatively complex but are the most commonly used among the five formats mentioned above. This format accounts for both the player's bets and winnings. Odds Malay is divided into two forms: negative and positive, specifically:
Odds Malay may refer to:
- Winnings = Stakes + (Stakes x Odds MY).
- Losses equal all bets placed on that match.
Example: You bet $10 with Malay Odds of 0.98. Winnings = 10 + (10 x 0.98) = $98.
Odds Malay may refer to:
- Winnings = Stakes + (Bet x 1.00).
- Losses = Stakes x Odds MY.
Example: You bet $10 with Malay Odds of -0.85.
- Winnings = 10 + (10 x 1.00) = $20.
- Losses = 10 x |-0.85| = $85.
2. Hong Kong (HK) Odds Rate
Hong Kong odds betting tips are the European odds ratio that has been refined to suit Asian bookmakers. The only difference is that Hong Kong odds will only show the player's winnings. Odds HK's format has a value greater than 0.00.
The formula for calculating money in the Odds HK format is as follows:
- Winnings = Stakes + (Stakes x Odds HK).
- Losses = All initial bets.
Example: You bet $10 with HK Odds of 0.95. Winnings = 10 + (10 x 0.95) = $19.50.
3. Indo Odds
Odds Indo is also divided into two forms: positive and negative. If Odds HK > 1.00, then Odds Indo will be calculated similarly. Concrete:
Odds Indo is a positive number:
- Winnings = Stakes + (Stakes x Odds Indo).
- Losses = All bets placed.
For example, you bet $10 with HK Odds of 0.95. Winnings = 10 + (10 x 1.55) = $25.50.
Odds Indo may refer to:
- Winnings = Stakes + (Stakes / Odds Indo).
- Losses = Full bets x Odds.
Example: You bet $10 with Indo Odds of -1.25.
- Winnings = 10 + (10 x |-1.25|) = $180.
- Losses = 10 x |-1.25| = $125.
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4. European Odds (Odds DEC)
European odds are used to bet on scores, parlay bets, or half bets... European odds are always greater than 1.00 and display both the player's bets and winnings.
How to calculate using the most standard European odds today:
- Winnings = Bet x European Odds.
- Losses = All money wagered during the match.
Example: You bet $10 with a DEC Odds of 1.92. Winnings = 10 x 1.92 = $192.
5. US Odds Rate (USA)
US odds are similar to Indo odds and are based on Hong Kong odds.
If Odds HK < 1.00 then US Odds = -1/Odds HK.
For example, if the HK Odds are 0.88, Odds USA = -1/0.88 = -1.14 and you bet $10 at this rate. Then:
- Winnings = 10 x 0.88 = $88.
- Losses = 10 x |-1.14| = $114.
If the HK Odds > 1.00, then the US Odds are calculated as follows:
- Winnings = Bet + (Stakes x Odds HK)
- Losses = All bets from the beginning of the match
Example: You bet $10 with HK Odds of 1.20. Winnings = 10 + (10 x 1.20) = $220.
Conclusion
Odds play a very important role in the success of football bettors. Mastering the concept of football betting odds and categorizing the different types will help you significantly increase your winning rate. We hope that the above article will be the key to helping you achieve the success you expect. We wish you good luck!
See also: What are folding bets? Advantages and disadvantages of folding bets
