What do Odds Mean in Football?

phocohanoi2

What do Odds Mean in Football?

Many newcomers to betting often wonder, “What are odds?” In English, the term “odds” carries various meanings:

What do Odds Mean in Football?

In football or sports betting, what does this term signify?

All betting firms agree that odds or which betting site has the highest odds are the ratios that players receive when they correctly predict the outcome.

Each set of odds provided by bookmakers differs and is calculated based on the teams’ competitive abilities.

As a player, you have the right to choose any odds to place your bet and receive your payment.

Types of Sports Betting Odds Classification

To facilitate differentiation, players can categorize odds into 5 types: Malay, Indo, Hong Kong, European, and American.

Here is detailed information about each type of odds:

Malay Odds

For Malay odds, players need to calculate both their bet amount and their winning amount according to the bookmaker’s figures.

There are two formatting types: negative (-) and positive (+) numbers, with money calculated as follows:

Negative: Winnings = (Bet Amount x Malay Odds) + (Bet Amount x 1.00)

Positive: Loss Recovery = (Bet Amount x Malay Odds) + Bet Amount

Indo Odds

Indo odds are a variant derived from Hong Kong odds, favored by many players.

If Hong Kong odds are greater than 1.00, the corresponding Indo odds will calculate similarly to Hong Kong odds.

Calculation methods for Indo odds involve both negative (-) and positive (+) numbers:

Negative: Winnings = Bet Amount + (Bet Amount / Odds)

Positive: Loss Recovery = Bet Amount x Odds

Hong Kong Odds

With Hong Kong odds, you only calculate your winnings with positive (+) numbers greater than 0.00.

Winning Amount = Bet Amount + (Bet Amount x Hong Kong Odds)

Loss Incurred = Bet Amount

European Odds

European odds display both the player’s bet amount and winnings as stipulated by the highest odds betting site

Therefore, this bet always has odds greater than 1.00, calculated as follows:

Winning Bet = Bet Amount x European Odds

Loss = Bet Amount

American Odds

Lastly, American odds calculate based on Hong Kong odds as follows:

If Hong Kong Odds < 1.00, American Odds = -1 / Hong Kong Odds.

Example: If Hong Kong odds are 0.78, then American odds = -1 / 0.78 = -1.28.

These odds have three main stages: Open Odds, Live Odds, and Running Odds.

Expert Tips for Analyzing Odds

Success in betting with odds requires more than luck; it demands specific skills and experience.

Here are two crucial tips from Ontop88 for sports bettors:

==> Learn some awesome is bookmaker legal here

4. Odds Movement

Odds can fluctuate based on betting volume, team news, or market sentiment. Tracking odds movement can give you insights into where public money is going and help you decide when to place your bet for maximum value.

Conclusion

Understanding odds in football betting is not as complex as it may seem, but it requires bettors to understand and distinguish between them.

Depending on the type of odds chosen, the method of reading and calculating the payout varies, so bettors should be mindful and discerning.