7 most common football betting odds on reputable bookmakers

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7 most common football betting odds on reputable bookmakers
Surely many people when they start participating in sports betting will encounter some difficulties in the process of choosing and calculating the betting odds. Understanding sports which bookmaker gives the best odds plays an important role in determining the outcome of a bet. It may sound complicated, but calculating betting odds is relatively easy. Let's explore this issue further through the following article with Wintips Sports!

Understanding sports betting odds
Sports betting odds are specific numbers provided by bookmakers for players to choose from. To obtain these numbers, bookmakers must build data related to the match such as the lineup, the form of each team, the weather, etc. Betting odds will inform players of the amount of prize money they will receive after winning the bet. At the same time, it also reflects a part of the probability of winning a bet. The greater the difference between the teams playing, the lower the odds, and vice versa.
The most popular sports betting odds today
There are many types of sports betting odds nowadays, but the most common ones are:
American Odds
American odds are very easy to understand and straightforward. You don't need to be good at calculations or have experience to choose this type of odds. American odds are usually expressed with a minus (-) or plus (+) sign. The minus sign usually indicates the team that will lose, and the plus sign indicates the winning team. The larger the amount of the bet, the larger the amount of the prize money.
For example: The bookmaker offers odds for two teams, Hoàng Anh Gia Lai (HAGL) and Sông Lam Nghệ An (SLNA). The odds for SLNA to win the bet are +200, and the odds for Hoàng Anh Gia Lai (HAGL) to lose the bet are -100.
If a player bets 1 million VND on SLNA and wins, the amount received will be 2 million VND. This includes 1 million VND of the initial bet and the remaining 1 million VND as the winning money.
If a player bets 1 million VND on HAGL and wins, the amount received will be 3 million VND. This includes 1 million VND of the initial bet and the remaining 2 million VND as the winning money.
Decimal Odds (DEC)
Decimal odds or decimal betting odds are a decimal number. It is used to represent the total amount of money that the bookmaker has to pay when the player places a bet at that odds and wins. And the special point of decimal odds is that the prize money will include the capital.
For example: If a player bets 1 dong on an Asian handicap and wins, the decimal odds will be 1.82.
Simply put, if the player wins, the bookmaker will have to pay 1.84 VND. This amount includes the initial bet of 1 dong. So the player will receive 0.84 dong as profit. Conversely, if the player loses the bet, the initial bet of 1 dong will be lost entirely.
The formula for calculating the profit when placing a bet on this type of sports betting odds is as follows: Prize money (including capital)=Initial bet X Odds (DEC).
Looking at decimal odds, it is very easy to distinguish which team has the advantage. Teams in the lower odds usually have higher odds and, of course, bring in larger winnings. Conversely, stronger teams will be assigned lower numbers and the winnings will also be much smaller.
Hong Kong Odds
As its 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. 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 to represent the relationship between potential profit and the initial bet amount. That means it only represents the actual profit amount after subtracting the capital or the amount lost when the player places a bet.
These sports betting odds will be represented by both negative and positive numbers. But unlike American odds, in Malay 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 betting odds that was used a lot in the past. Nowadays, these odds are still popular and chosen by many in Europe but not favored in Asian countries like Vietnam. The calculation method of fractional odds is also very simple and easy to understand.
For example, in a match between Sông Lam Nghệ An and Hoang Anh Gia Lai. If the odds for this match are 2/1, it means the probability of winning in 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 will be provided by Macao bookmaker program and also includes two types: negative and positive odds. Its calculation method is relatively simple as well.
For example, if the bookmaker offers odds for Hoang Anh Gia Lai at -0.99 and Sông Lam Nghệ An at 0.92. If a player bets 100 thousand dong on HAGL and wins, they will receive 99 thousand dong in profit + the initial capital of 100 thousand=199 thousand dong.
If a player bets 100 thousand dong on SLNA and wins, they will receive a profit of 100 × 0.92, which is 92 thousand dong. And if they lose, the player 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 greater than 3, whoever bets on over will win, if it's equal to 2, it's a draw, and if it's less than 2, it's a loss. The winnings equal the bet amount times 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, those who bet on under will win if the total number of goals is less than 3. And the winnings equal the bet amount times 2.25.
Conclusion
So, sports betting asian bookies wintips above has just summarized the most popular sports betting odds today. Study each type of odds carefully to make the most reasonable choice! And finally, wish you all to make the biggest profit when participating in sports betting.