7 Common Football Betting Odds on Reputable Bookmakers

When starting out in sports betting, many people often encounter difficulties in choosing and calculating betting odds. Understanding these which compare bookmaker odds plays a crucial role in determining the outcome of a bet.

While it may seem complex, calculating betting odds is relatively straightforward. Let's delve deeper into this topic with the help of this article from Wintips!

Understanding Sports Betting Odds

Sports betting odds are specific numbers provided by bookmakers for players to choose from. To determine these numbers, bookmakers must compile data related to the match, such as team lineups, the form of each team, and weather conditions.

Betting odds inform players of the potential winnings after a successful bet. They also reflect the probability of winning a bet. The greater the disparity between the competing teams, the lower the odds, and vice versa.

Common Football Betting Odds Today

There are numerous types of sports betting odds available today, but the most common ones include:

American Odds

American odds are easy to understand and straightforward. Players don't need advanced calculations or experience to choose this type of odds. American odds are typically indicated with a minus (-) or plus (+) sign. The minus sign denotes the favored team to lose, while the plus sign represents the favored team to win. The larger the bet, the greater the potential winnings.

For example, consider a match between Hoang Anh Gia Lai (HAGL) and Song Lam Nghe An (SLNA). The betting odds for SLNA to win are +200, and the odds for HAGL to lose are -100. If a player bets 1 million VND on SLNA and wins, they would receive 2 million VND, including their initial bet and winnings. If the same player bets 1 million VND on HAGL and wins, they would receive 3 million VND, including their initial bet and winnings.

Decimal Odds

Decimal odds, also known as decimal odds, represent a decimal number. They indicate the total amount that the bookmaker app has to pay out when a player places a bet at those odds and wins. The special feature of decimal odds is that the winnings include the original stake.

To calculate the winnings when betting on decimal odds, use the formula: Total winnings (including stake) = Initial bet amount x Decimal odds.

For instance, if the odds are 1.84, a winning bet would result in a payout of 1.84 times the initial stake, including the stake itself. Conversely, if the bet loses, the player loses the entire initial stake.

Hong Kong Odds

As the name suggests, Hong Kong odds are even numbers provided by Hong Kong bookmakers. Players can calculate potential winnings based on these numbers after a successful bet. Due to their straightforward calculation method, Hong Kong odds are popular among many Vietnamese players.

Malay Odds

Malay (MY) odds indicate the relationship between potential profit and the initial stake. They only represent the actual profit after deducting the initial stake or the amount lost when a player places a bet and loses. Malay odds can be expressed as both positive and negative numbers. Unlike American odds, negative numbers are assigned to the stronger team, while positive numbers are assigned to the weaker team.

Fractional Odds

Fractional odds were widely used in the past and are still popular in many European countries today. Although less favored in asian bookies football countries like Vietnam, fractional odds are straightforward and easy to understand.

For example, in a match between Song Lam Nghe An and Hoang Anh Gia Lai, if the odds are 2/1, it means that the probability of winning this bet is 50%. Consequently, players face a 50% risk of losing the bet.

Macao Odds

Macao odds, also widely used today, are provided by Macao bookmakers and consist of both positive and negative numbers. Their calculation method is relatively simple.

For instance, if the odds for Hoang Anh Gia Lai are -0.99 and for Song Lam Nghe An are 0.92, a player who bets 100,000 VND on HAGL and wins would receive 99,000 VND in profit plus the initial 100,000 VND stake, totaling 199,000 VND.

If the same player bets 100,000 VND on SLNA and wins, they would receive 92,000 VND in profit. If the player loses the bet, they lose the entire initial stake.

Over/Under Odds

Over/Under odds are commonly used in football betting. Bookmakers determine these odds based on the total number of goals scored in a match. Players predict the outcome of the match compared to the over/under odds set by the bookmaker.

The most common Over/Under odds include:

Over 2: If the total number of goals in the match is more than 3, those who bet on Over win, if it's exactly 2, it's a draw, and if it's less than 2, those who bet on Under win. The payout is equal to the bet amount multiplied by 2.

Over/Under 2 ¼: If the total number of goals is equal to or more than 3, those who bet on Over win, otherwise, those who bet on Under win. The payout is equal to the bet amount multiplied by 2.25.

Conclusion

This article from Wintips provides a comprehensive overview of the most common sports betting odds today. It's essential to understand each type of odds to make the most informed choices. Finally, we wish you the best of luck in your sports betting endeavors!