What is the odds ratio? How to distinguish the types of odds in football betting

19/05/2023 Sports betting

What is the odds ratio? Odds is a very special concept in online football betting. Odds are simply understood as the value of money converted when winning or losing a match. Odds in football are quite diverse so it has very high requirements. So, understand what 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 Odds?

Odds or Odds Ratio is 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 for themselves any 1 rate to pay out when placing bets.

What is the odds ratio?
What is the odds ratio?

Basic Odds formats include:

  • Odds Malay (MY)
  • Odds Hong Kong (HK)
  • Odds Indo
  • European Odds (DEC)
  • Odds USA

In fact, trusting Odds isn’t always safe. Especially when you bet at 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 bets in the most accurate way, avoiding losing money.

Distinguishing Types of Odds in Football Betting

After we have a firm grasp of the definition of Odds, we will classify it together. Let’s analyze according to the list above.

1. Malay Odds (MY)

Odds Malay is relatively complex but is the most used of the 5 types of formats above. This format will understand both the player’s bets and winnings. Odds Malay is divided into 2 forms: negative and positive, specifically:

Odds Malay may refer to:

  • Winnings = Stakes + (Stakes x Odds MY).
  • Losses = 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.
Distinguishing Types of Odds in Football Betting
Distinguishing Types of Odds in Football Betting

 

2. Hong Kong (HK) Odds Rate

Hong Kong odds betting tips is the European odds ratio that has been refined to suit Asian bookmakers. The only difference lies in the fact that Odds Hong Kong will only show the player’s winnings. Odds HK’s format has a value of > 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) = $195.

3. Indo Odds

Odds Indo is also divided into 2 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.

Example: You bet $10 with Indo Odds of 1.55. Winnings = 10 + (10 x 1.55) = $255.

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.
Indo Odds
Indo Odds

4. European Odds (Odds DEC)

European odds are used to bet scores, skewer bets or 1/2 bets… Odds DEC is always worth > 1.00 and displays both the player’s bets as well as winnings.

How to calculate according to the most standard Odds DEC 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)

Odds USA is similar to Odds Indo is based on Odds Hong Kong.

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.

Conclude

Odds play a very important role in the success of football bettors. Mastering the concept of Odds and categorizing the types of odds will help you increase your winning rate many times. Hopefully, the above article will be the key to help you reach the success you expect. Good luck!

See also: What are folding bets? Advantages and disadvantages of folding bets

  • Top Bookmakers

    1
    Bonus up to
    200 $
    2
    Bonus up to
    50 $
    3
    Bonus up to
    100 $
    4
    Bonus up to
    150 $
    5
    Bonus up to
    100 $