Talking about Odds, many new bettors would confuse and do not know which one is suitable for them to choose. Understanding that problem, in this article we will discuss briefly on Odds.
What are Odds in soccer betting? What does Odds mean?
Odds are the rates that a player will receive when he or she wins a match. The odds for soccer betting are set by the host in various types. Basing on that, players can choose any kind of bet for the host to pay when placing a bet. However, players need to know how to pay and withdraw money in soccer betting to be able to make the best choice when playing. You can research on W88 Odds to understand more, this website is free and the speed is very fast.
Basic types of Odds
Decimal Odds – European Odds
European Odds will often have the following characteristics:
- The display of the European Odds includes the bets and winnings of the player.
- Odds rate in Europe is always greater than 1.00.
- The winnings will be calculated according to the formula: Earnings = bet amount x European Odds rate
Odds Hong Kong – HK Odds
Taking its foundation from Odds Europe; however, the rate of Hong Kong Odds is somewhat different.
- These Odds only include player winnings.
- Odds Hong Kong has a value greater than 0.00
- The winnings are counted as Winnings = Bet + (bet amount x Hong Kong Odds).
Odds Malay – MY Odds
Malay Odds have a way of displaying both the player’s wager and winnings. Malay Odds will have 2 cases as negative numbers or positive numbers.
#1. Formula to calculate a positive number
- If you win, you will be charged as Earnings = Bet amount + (Bet amount x Odds Malay)
- If you lose, you will lose all your money for that round.
#2. Where Odds is a negative number:
- If you win the bet you will be charged as Earnings = (Bet amount X Odds Malay) + (Bet amount X 1.00)
- If you lose the bet, you will return the money according to the formula: Winning money = Bet money + (Bet amount X Malay Odds)
For example, when you lose a bet of 100,000 VND with an Odds of -0.88, you will be calculated as follows:
Winning loss = 100,000 + (100,000 x (-0.88)) = 100,000 – 88,000 = 12,000 VND.
That means you only lose 88,000 for a bet of 100,000.
Indo Odds
When the Indonesian odds are converted from the Hong Kong odds; Therefore, if the Hong Kong odds are greater than 1.00, the Indonesian odds are set the same as HK Odds.
The calculation formula for each case is as follows:
#1. Where Indo Odds is positive:
- If you win, you will get the following amount of money: Winnings = Bet money + (Bet money X Odds)
- When you lose a bet, you will be deducted the full amount of the bet of that round.
#2. Where Indo Odds is negative:
- When you win the bet, you will get the Earnings = Bet + + (Odds / | Odds |).
For example, with Odds -1.24 and you bet 100,000 VND, if you win you will earn 100,000 + (100,000 / | -1.25 |) = 180,000 VND.
- When losing bets: Money deducted = Bet amount X | Odds |
For example with Odds is -1.25 and you bet 100,000, you lose will lose 100,000 x | -1.25 | = 125,000
US Odds
Based on Hong Kong odds, the US odds are calculated as follows:
When the Hong Kong Odds ratio is less than 1.00, the US odds ratio is calculated using the following formula (example applies to Odd ratio is 0.78 <1.00):
3 MAIN STAGES OF ODDS IN 1 MATCH
In a match there will be 3 main stages:
Stage 1: Open odds
This was the stage where Odds opened the door; with major tournaments, odd will be opened a few weeks in advance; with minor tournaments, odd will be opened 1 to 3 days in advance.
Stage 2: Live Odd
Odds are published on the betting table before the day the game takes place.
Stage 3: Running Odd
Now the amount of money the player has stabilized; The dealer will make a Live Odd and the odds will run continuously for 90 minutes.
With these answers above, hopefully the player will know what Odds are in soccer betting. Wish you bet luck when joining with us.
