Guide on How to Read Football Odds for New Players

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Guide on How to Read Football Odds for New Players
With the desire to help football betting players more conveniently, especially new members who are participating in online betting site for football for the first time and are still unfamiliar and do not understand how to read football odds. In this article, we will share how to read football odds on the Sports product at the Wintips online entertainment website. Let's start learning about football tips!

Reading football odds online is essential for any online betting player. Because when participating in the world of football betting, understanding how to view the betting odds is crucial. Especially, it needs to be understood accurately and in detail. Only when you grasp this crucial aspect can you proceed with betting. Football betting has become an attractive form of entertainment that attracts a lot of attention from players because the profits from betting can help you become rich very quickly. In addition to traditional betting types, you can now completely bet online. However, the question many people ask is whether betting on football online is safe. To answer this question, let's explore through the following article together.
Important factors about football odds
When entering the world of football betting, the first thing you need to do is to understand the factors and rules commonly defined in most current odds tables. Additionally, you also need to understand and update information such as: match time, names of the two teams participating, and types of bets on the bookmaker's odds table.
Each player needs to pay attention to and understand the following important things:
The home team will be listed above, while the away team will be below.
In case you see an additional symbol (N), it means the team is playing on neutral ground.
Some bookmakers use symbols to mark the name of the stronger team. This means the what does a bookmaker do assesses this team as stronger.
For the columns showing odds: Handicap, Over/Under (O/U), and 1×2. Or there are also odds tables with a 2 in 1 ratio.
Explanation of abbreviations on the bookmaker's odds table:
FT.HDP: Full-time Handicap. This is a type of Asian handicap for the whole match.
FT.O/U: Full-time Over/Under. This type of bet is on the total goals over/under for the whole match.
FT.1X2: Full-time 1×2. This is a full-time handicap bet.
1H.HDP: First Half Handicap. This type of football betting is called Asian handicap for the first half.
1H.O/U: First Half Over/Under. This type of bet is on the total goals over/under for the first half.
1H.1X2: First Half 1X2. This is a first-half handicap bet.
How to read live Asian football odds
How to read live football odds
On the odds table, after determining the Asian odds column and the 2 in 1 ratio, players need to know how to read the odds in football betting as follows:
Draw ball odds
This type of bet is quite common for matches with little difference between teams and has a 0 handicap ratio.
It is similar to draw odds 1, draw odds 2. When players choose to bet on the upper team or the lower team, and that team wins, the player will win money. If the result is a draw, the player will be refunded the amount of the bet.
Half-ball draw odds (0 – 0.5; 1/4)
This type of bet means the upper team will handicap the lower team by less than half a goal. And there is usually a symbol of 1/4 or 0.5. If the player chooses to bet on the upper team and that team wins, the player will win money, and vice versa.
In the case where both teams draw, if you choose to bet on the upper team, you will lose half of the bet. If you choose to bet on the lower team, you will win half of the bet.
Half-ball handicap odds (0.5; 1/2)
With this bet, the upper team will handicap the lower team by half a goal. However, there will be no refund.
When players bet on the upper team and that team wins, they will win money according to the football odds ratio provided by the online new bookmaker . If both teams draw, the players who bet on the lower team will win the bet.
Half-one handicap odds (0.75; 0.5/1; 3/4)
This type of bet requires the match to win by a difference of one goal or more. If you choose to bet on the upper team, you need to note the following:
In the case of winning by a one-goal difference, you will win half of the bet. If you bet on the lower team, you will lose half of the bet.
In the case of winning by a difference of two goals or more, the upper team wins. Betting on the lower team will lose the bet.
In the case of a draw, betting on the upper team will lose the bet. If you bet on the lower team, you will win the bet.
Is online football betting safe?
The legality of football betting
As mentioned above, football betting can help you become rich very quickly, so running a betting business is considered a highly profitable form and is allowed to operate in many countries. Therefore, almost all leading bookmakers in the world are headquartered in countries like Malaysia, Hong Kong, Singapore instead of Vietnam. This is because in Vietnam, football betting was seen as an illegal form of gambling in previous years.
However, when the market opened, playing football betting for a living was loosened by the state to attract investment into this potential market. However, in reality, there are still somewhat strict regulations to limit inflation. Quoting an article from Vnexpress electronic newspaper on March 2, 2017:
"From March 31, when Decree 06/2017/NĐ-CP takes effect, for the first time, the business of betting on horse racing, dog racing, and international football is legalized, but participants and organizers must comply with strict conditions. Because this is a conditional business activity, not encouraged for development and must be closely controlled by competent state management agencies.
Accordingly, only businesses that meet the conditions are allowed to operate betting. After completing the investment registration procedures, the enterprise must apply for a certificate of eligibility for betting business.
For international football betting businesses, the Government will allow a company to pilot within 5 years. Enterprises conducting pilot international football betting must have a minimum charter capital of 1,000 billion dong and meet other regulations.
Vietnamese people, foreigners must be 21 years old or older to participate in betting with a minimum of 10,000 dong, a maximum of one million dong per day for each product. Betting must take place at the designated business location to be considered legal."
However, one fact you need to know is that you can only bet on matches within the framework of FIFA. Therefore, players cannot bet on matches in the top leagues in Europe.
Issues when playing online betting
You should know that playing online betting means all your transactions are done online. Therefore, choosing a reputable bookmaker is the most important thing among reliable football betting sites because your betting activities will be much safer. Currently, some of the best reputable bookmakers on the market are 188BET, M88, K8, W88, KUBET, FB88...
Another important thing is that you need to recognize scam bookmakers in the market to ensure you avoid being scammed. Recognizing such bookmakers is extremely simple, it could be attractive promotional tricks such as cash bonuses, and ensuring a high winning rate...
How to calculate online football betting money
When viewing Asian football odds, we often see both positive (0.82) and negative odds (– 0.97). So what do these numbers mean in terms of reading football odds?
Positive odds: If you bet on a type of odds with positive odds, then the Winning amount=Bet amount * Positive odds. Example: you bet 100k on a handicap (0 – 0.5) with odds of 0.89, if you win, you will win 89k. If you lose, you will lose the entire bet amount.
Negative odds: If you bet on a type of odds with negative odds, then if you win, you will win 100% of the betting amount, if you lose, the Lost amount=Bet amount * Negative odds. Example: you bet 100k on a handicap (0-0.5) with odds of – 0.97, if you win, you will win 100k. If you lose, the Lost amount=100k * (- 0.97)=97k.
The above is information about online betting odds and basic instructions on how to read football odds on the sports product that the Wintips bookmaker supports, hopefully after this article, you will no longer be confused when participating in online football betting. Wish you always luck and big wins!