What is the Odds ratio?
In football betting, Odds represent the ratio that players will receive when they football tips win a particular bet. The Odds ratio in football betting at various bookmakers is set with different regulations. Therefore, players can choose the type of bet they prefer for the bookmaker to pay out when placing the bet. However, players need to understand how to calculate the money when betting on football in order to make the best choices when participating.
What is the function of the Odds ratio in each match?
Odds ratios play a crucial role in football matches where many individuals bet together. This ratio allows both participants and bookmakers to agree on the betting amount to be paid out to participants after the match ends. Reputable bookmakers in football betting also offer Odds ratios with varying fees. Therefore, players can simply base their bets on these ratios according to their preferences.
Furthermore, Odds ratios are often provided by many bookmakers primarily to attract attention and attract more players. By evenly distributing bets across various outcomes in the same match, this helps bookmakers generate high profits both through commission and differences in various bets.
Classify the most common Odds ratios today
To accurately interpret Odds ratios, we must distinguish between different types of Odds
Odds in Europe
The European Odds ratio has the following basic characteristics:
The wager amount and the winnings displayed by the bookmaker are presented according to the European Odds ratio. This ratio will always have a value greater than 1.00.
The payout is calculated using the formula: Payout=Wager amount * European Odds ratio. The European Odds ratio applies to bet types such as 1×2, combination bets, exact score, etc.
Odds in Hong Kong
The Hong Kong Odds are derived from the European Odds ratio. However, there are differences in their display. The Hong Kong Odds represent only the player's potential winnings. The format of Hong Kong Odds will have a value greater than 0.00.
The winnings are calculated using the following formula: Payout=(wager amount x Hong Kong Odds) + Wager amount.
Odds in Malaysia
That's the display ratio including both the player's wager and potential winnings. The Malay Odds format has two cases: negative and positive numbers.
The calculation formula for positive numbers is as follows: Payout=(Wager amount x Malay Odds) + Wager amount. If you lose, you will lose the entire amount of money wagered.
The calculation formula for negative numbers is: Payout=(Wager amount x Malay Odds) + (Wager amount x 1.00) if you win the bet. If you lose, the formula will be: Payout=(Wager amount x Malay Odds) + Wager amount for a refund.
>> See more: football bets 1x2 - Curating Insights from the Top 100 Websites Globally
How to read odds in football betting
After analyzing what betting Odds are, understanding how to read Odds is also crucial for participants. In reality, Odds only have two main decimal points, which are 5 and 0. Corresponding to this division, betting in football is divided into four types: ¼, ½, 1 tie, 3/4. You need to adhere to and understand this rule correctly to read the Odds most accurately for each match.
In football betting, you need to note that there are no decimal points ending in 3, 4, 8, 9, 1, 2, 6, 7. Therefore, when reading the upper hand on betting sites, you need to pay attention to this. This way, you won't fall into the trap of being deceived. If the Odds on the site are listed as 16.7, 1.34, 8.2..., participants should round them down to the nearest decimal point ending in 5 or 0. Specifically, like this: 16.70, 1.35, 8.20...
How to interpret Running Odds ratios in football betting
To analyze Running Odds according to many experienced bettors' advice isn't overly difficult. However, you need to pay more attention to Odds values ending in 5 and 0. For these Odds, players need to convert them into corresponding ball-handicap formats like 3/4, ½, 1 tie, ¼. There are some differences in interpreting Running Odds at the 15th, 10th, and 20th minutes.
Before the match, they often place a considerable amount of money on Under bets. This method is risky as it can result in losing money if there's an early goal. To attract participants, some bookmakers use bait odds. You should keep an eye on the odds board and select matches offered by bookmakers with handicaps above one (1, 1.5, 1.25, 1.75...).
If you don't see any, it's best to skip them. When betting on handicap bets, ensure you have a stable internet connection and a well-functioning device. This will make it easier for you to bet on Running Odds throughout the match. In the first half, choose the Over option with handicaps like 1.25, 1, 1.5. However, be cautious and only bet on options with a payout of less than 100.
Conclusion
The article on time to win prediction has shared with you what Odds are and the most accurate way to interpret and analyze them to place sports bets. Hopefully, the article will bring many positive benefits to the readers. It is hoped that the shared information will help you gain more useful experience when participating in football betting.