Surely, many people when starting to participate in sports betting will encounter some difficulties in the process of choosing which bookmaker gives the best odds . Understanding football betting odds plays an important role in deciding the outcome of a bet.

It may sound complicated, but in reality, calculating betting odds is relatively easy. Let's explore this topic in more detail with Wintips through the following article!

Understanding Football Betting Odds

Football betting odds are specific numbers provided by bookmakers for players to choose from. To determine these numbers, bookmakers must build data related to the match such as team line-ups, the performance of each team, weather conditions, etc.

Betting odds will inform players of the prize money after winning the bet. At the same time, it also reflects a part of the probability of winning a bet. The greater the disparity between the teams playing, the lower the odds, and vice versa.

The Most Common Football Betting Odds Today

There are many types of football betting odds today, but the most common ones are:

American Odds

American-style sports betting odds are very easy to understand and simple. You don't need to be good at calculations or have experience to choose this type of odds. American betting odds are usually expressed with a minus (-) or plus (+) sign. The minus sign usually indicates the team that is expected to lose, and the plus sign indicates the winning team. The larger the amount of the bet, the larger the prize money will be.

For example, if the bookmaker offers betting odds for the teams Hoang Anh Gia Lai (HAGL) and Song Lam Nghe An (SLNA), and the betting odds for SLNA to win are +200, and the betting odds for Hoang Anh Gia Lai (HAGL) to lose are -100:

If a player bets 1 million VND on SLNA and wins, they will receive 2 million VND. This includes the initial bet of 1 million VND and the remaining 1 million VND as the winning amount.

If a player bets 1 million VND on HAGL and wins, they will receive 3 million VND. This includes the initial bet of 1 million VND and 2 million VND as the winning amount.

Decimal Odds

Decimal odds, or decimal betting odds, are a decimal number. It is used bookmaker program to represent the total amount of money that has to pay out when a player places a bet of 1 unit and wins. And the special thing about decimal odds is that the prize money will include the capital.

For example, if a player bets 1 unit on an Asian handicap and wins, the decimal odds will be 1.82.

Simply put, if a player wins, the bookmaker will have to pay back 1.84 units. This amount will include the initial bet of 1 unit. So the player will receive 0.84 units as profit. Conversely, if the player loses the bet, they will lose the entire initial bet of 1 unit.

The formula for calculating the profit when placing a bet on this type of sports betting odds is as follows: Profit (including capital) = Initial bet amount X Betting odds (decimal).

Looking at decimal odds, it is easy to distinguish which team has the advantage. Teams with lower odds typically have higher betting odds and, of course, larger winnings. Conversely, stronger teams will be assigned lower numbers, and the winnings will be much smaller.

Hong Kong Odds

As the name suggests, Hong Kong sports betting odds are even numbers provided by Hong Kong bookmakers. Based on this number, players can calculate the potential winnings after winning a bet. With a relatively simple calculation method, Hong Kong odds are favored and chosen by many Vietnamese players.

Malay Odds

Malay odds (MY) are a number that represents the relationship between potential profit and the initial bet amount. That means it only represents the actual profit after deducting the capital or the amount lost when a player places a bet.

This type of sports betting odds will be represented by both negative and positive numbers. But unlike American-style odds, in this type of odds, the negative number will be assigned to the stronger team, and the positive number will be assigned to the weaker team.

Fractional Odds

This is a type of sports king betting site that was widely used in the past. Nowadays, this type of odds is still very popular and chosen in Europe. However, in Asian countries like Vietnam, it is not favored. The calculation method of fractional odds is also very simple and easy to understand.

For example, in a match between Song Lam Nghe An and Hoang Anh Gia Lai, if the betting odds for this match are 2/1, it means that the probability of winning this bet is 50%. Of course, this also means that the player has to bear a 50% risk of losing the bet.

Macao Odds

Macao-style sports betting odds are also one of the most popular types of odds today. It is provided by Macao bookmakers and also includes both negative and positive numbers. Its calculation method is relatively simple.

For example, if the bookmaker offers odds for Hoang Anh Gia Lai at -0.99 and for Song Lam Nghe An at 0.92. If a player bets 100 thousand VND on HAGL and wins, they will receive 99 thousand VND in profit + the initial capital of 100 thousand VND = 199 thousand VND.

If a player bets 100 thousand VND on SLNA and wins, they will receive a profit of 100 x 0.92 = 92 thousand VND. If they lose, they will lose the entire amount of the bet.

Over/Under Odds

Over/Under odds are a type of odds commonly used in football betting. Bookmakers will base on the total number of goals scored in a match to provide Over/Under odds. Players will predict the outcome of the match to compare with the Over/Under odds provided by the bookmaker. The most common types of Over/Under odds include:

Over/Under 2: If the total number of goals in the match is more than 3, those who bet on Over will win, if it is 2, it will be a draw, and if it is less than 2, those who bet on Under will win. The prize money = the amount of the bet x 2

Over/Under 2 ¼: Those who bet on Over will win if the total number of goals is greater than or equal to 3. Conversely, if the total number of goals is less than 3, those who bet on Under will win. The prize money = the amount of the bet x 2.25.

Conclusion

So, the above guide to betting covers all the most common sports betting odds today. Study each type of odds carefully to make the most reasonable choice! And finally, I wish you all the best in earning huge profits when participating in sports betting.