Attractive football matches not only draw a large number of fans but also attract many bettors. The rise of online bookmakers has made football betting more accessible and popular. However, many people are still unsure how to get started with football betting. The following article by Wintips will guide you through everything about sports betting for beginners.
How does football betting work?
Currently, football betting has two main forms: traditional betting and online betting. Among them, online betting is increasingly dominant thanks to its convenience and outstanding advantages. This is also a form suitable for Vietnamese players in the modern context.
Unlike traditional betting, online betting allows players to place bets through bookmaker websites anytime, anywhere on computers or phones. Players only need to choose bets in their favorite matches and place transactions directly on the online platform.
The online football betting market is particularly vibrant, especially when major tournaments such as the Champions League, Premier League, Bundesliga, La Liga, Serie A, or Ligue 1 take place. Bookmakers will provide odds tables with a variety of options, helping players easily find suitable bets.
Not all bookmakers guarantee high quality and a strong reputation. Therefore, before you start, you need to research, compare, and choose a reliable betting site with attractive odds. It is also important to understand how online betting works so that you can make the right decisions and optimize your chances of winning.
What are soccer odds?
When it comes to online soccer betting, you need to understand the concept of odds in soccer betting. These odds represent the amount of money you win or lose in each match. By knowing exactly how much money you win, you can easily compare bookmakers and choose the most suitable and beneficial one for yourself.
There are currently five basic and most popular types of odds applied by bookmakers, and customers can freely choose the form they prefer, such as:
Standard Odds (Decimal)
Decimal odds are odds displayed as decimal numbers, such as 1.00, and 2.00... showing the amount of money you can win by the bet amount multiplied by the odds.
For example: If you bet on a team to win with odds of 2.00, it is 10 USD. The amount you receive includes the initial bet amount of 20 USD, in which the principal amount is 10 USD and the profit amount is 10 USD.
Hong Kong Odds (HK)
HK odds are calculated by subtracting 1 from the decimal odds. This means that Hong Kong odds remove the initial bet amount and help players know exactly how much profit they will receive if they win the bet.
For example, if you bet 10 USD on your favorite team to win with odds of 1.00, the profit you receive will be 10 USD.
Indonesian Odds (Indo)
Indo odds are displayed in the form of + (positive) and - (negative). In Indo odds, a team with a positive symbol is the underdog (weaker), while a team with a negative symbol is the favorite (stronger).
For teams with positive symbols, the calculation of winnings using Indo odds is similar to HK odds. This means that only the profit is calculated, and the principal is not included.
For example, if you bet on the underdog team to win with odds of 1.20 and a bet amount of 10 USD, the profit you would receive is 12 USD.
For teams with negative odds representing the favorite team, the calculation is slightly different.
For example, if you bet on your favorite team to win with odds of -1.50 and a bet amount of 15 USD, the profit you would receive is 10 USD.
US Odds
In terms of meaning, US odds are similar to Indonesian odds. The difference is in the way US odds are displayed: US odds = Indo odds x 100.
Malaysian Odds
Malaysian odds are considered a combination of Indo odds and decimal odds. In terms of display, Malaysian odds also feature positive and negative symbols, similar to Indo odds.
Specifically: If you bet on positive Malaysian odds, the winnings will be equal to the bet amount multiplied by the odds.
If the player bets on negative Malaysian odds, the winnings will be equal to the bet amount divided by the odds, and the losses will be equal to the bet amount multiplied by the odds.
With bookmakers, the winnings and losses for each set of odds will be automatically calculated clearly and efficiently. You won't need to calculate, but it's important to understand this concept to choose the right odds for each match.
Popular football betting forms
When choosing to participate in football betting, the first important thing to understand is the concept of popular betting types. You won't be able to bet or win if you don't clearly understand the types of bets. Here are the most popular football betting types you will encounter during the betting process.
Outright bet (winner)
This is a fairly popular bet and attracts many players because of its high winning rate. In a long tournament, you will predict the team that will win the final championship. If you guess correctly, you can win the bet with a large amount of winnings.
European betting
European betting is a fairly simple and easy-to-understand type of betting with 3 options for 3 basic betting doors: win - draw - lose. With the familiar symbol 1X2 on the odds board, choose: 1 if you think the home team wins; 2 if you think the away team wins and X if you think the two teams will draw. For new players, try to get familiar with this bet first.
Asian Handicap
This is a rather complicated type of bet, but once you play it, you will find it extremely attractive and interesting. In this type of bet, the bookmaker will evaluate based on the comparison of the strength of the two teams and give a betting rate to create a balance between the two sides. With this bet, you need to learn the popular betting rates such as 1, 2, 3, 1 ½, 1 ¾, 2 ½, and 2 ¾ ... Each rate has its meaning and you need to grasp the concept to be able to choose the correct bet.
Over/Under bet
Over-under is a type of bet in English. Compared to other types of bets, this one is quite interesting. You do not need to predict who wins or loses, nor do you need to know the exact result. What you need to guess is whether the total number of goals in the match will be above or below the odds provided by the bookmaker. If you predict that the total goals will be higher than the bookmaker's odds, you choose Over. If you predict that the total goals will be lower than the bookmaker's odds, you choose the Under bet.
Combination bet
A combination bet is a type of bet that is extremely popular with professional players because the winnings are huge. With a combination bet, you can place bets on multiple matches simultaneously, ranging from 3 to 6 or more matches. To win the bet, you need to predict the outcomes of all the matches correctly. The more matches you include in a combination bet, the larger the potential winnings.
Lottery bet - Corner kicks, number of goals...
A lottery bet involves predicting events such as the number of corner kicks and the total number of goals scored by both teams. This option is often used to bet on Over/Under. This is one of the most popular side bets that bettors choose to experience.
Exact score bet
An exact score bet involves predicting the precise final score of a match. This type of bet is not easy to predict, so the odds are quite high if you predict correctly.
First goalscorer bet
A first goalscorer bet involves predicting who will score the first goal in a match. This is another attractive side bet.
Instructions for participating in online football betting
For those new to online betting, it is common to feel confused about where to start and how to place bets. You do not need to worry, as we will guide you in detail on how to place bets at online bookmakers. Although each bookmaker may have a different betting process, they generally follow these steps.
Step 1: Choose a quality football betting website
First, choose the football betting website you wish to use. This website must meet all the criteria of a reputable betting site. Here are some criteria that you must grasp to choose your favorite bookmaker:
- The bookmaker has a fully reputable betting license from recognized licensing organizations.
- The bookmaker offers high security with modern security measures.
- The bookmaker provides many forms of transactions for players, connecting with major banks and credit institutions in Vietnam.
- The bookmaker offers many attractive promotions for football betting.
- The bookmaker provides excellent customer care, supporting and consulting players 24/7.
- The bookmaker has a scientific interface, supporting players on all platforms, from PC to mobile, with high-quality mobile applications.
- The bookmaker offers many useful football betting features, such as live streaming and match statistics.
Step 2: Create your betting account
Registering an account is an extremely simple process that anyone can do at online bookmakers. It only takes about one minute. If you provide all the relevant information, the bookmaker will immediately open an account for you without charging any fees. You can only access the available bets easily once you have a playing account with the bookmaker.
However, remember to deposit funds into the account you just created. There are many payment methods available for you to choose from when depositing funds. Choose the appropriate payment method, confirm the deposit amount, and don't forget to select the welcome promotion. After the transaction is completed, the bookmaker will process the payment and deposit the funds into your account to start your betting journey.
Step 3: Choose a betting lobby and place a bet
At most bookmakers, football is usually found in the Sports section. Depending on the bookmaker, the sports section may have one or more betting areas in collaboration with well-known game publishers. Choose your favorite betting lobby, then locate the football section. Find your favorite tournament and match, carefully review the odds, and place a bet on the option you believe will be correct.
After completing the betting step, wait and enjoy the match. After the match ends, the bookmaker will credit the prize to your playing account according to the set odds.
Step 4: Receive the prize and withdraw the money
With your winnings, you can choose to withdraw the money to your bank account and enjoy the results. Alternatively, you can continue betting and aim to win with a larger amount.
Conclusion
Sports betting for beginners offers an exciting opportunity to engage with your favorite sports on a deeper level. However, success requires patience, research, and responsible strategies. By starting with smaller bets, understanding the odds, and choosing reputable platforms, new bettors can minimize risks and build confidence over time. Always prioritize learning and avoid letting emotions dictate your decisions. With the right approach, sports betting can be both enjoyable and rewarding for newcomers.
See more: Top 10 sports betting secrets to help you increase your chances of winning
