What are football betting odds?
According to experts in the sports field, football betting odds explain the difference between teams in a match, including the favorite and the underdog. Depending on the course of the match, bookmakers will offer different betting odds. Each odds offered by bookmakers corresponds to the level of difference in strength between the two teams.
Football betting odds allow players to place bets on matches and accept the outcome of winning or losing. This method of play is diverse and extensive, so if you want to win, you need to analyze and evaluate the situation of both teams thoroughly before kick-off.
Currently, there are many types of odds available at bookmakers for players to participate in betting. However, the most favored form by the majority of players is Asian and European handicaps. Depending on preferences and match developments, one can choose the best type of odds with the goal of winning.
Types of football betting odds
Each type of football bet brings different characteristics, so to help newcomers understand them better, experts will explain the betting odds, especially for those new to this field, as follows:
Asian Handicap Betting Odds
When mentioning the term "handicap betting odds," you might be a bit unclear, but surely you've heard of Asian Handicap betting. This type of bet, known as Handicap in English, involves a handicap odds when two teams competing have a difference in skill level. Bookmakers create this to balance and ensure fairness for bettors in that match.
Currently, there are two forms of this type of bet: giving odds or giving money.
0.25 or 1/4 odds: In this bet, the favorite team gives the underdog team a 0.25 goal advantage. So, if the favorite team wins by a margin of one goal or more, the player wins the full amount bet. If it's a draw, the player loses half the bet, and in the case of a loss, the player loses the entire bet.
0.5 or 1/2 odds: In this bet, the player bets on the favorite team to win. If the result is a draw or a loss, the player loses the entire bet.
0.75 or 3/4 odds: Players need a winning margin of at least two goals if they choose to bet on the favorite team. Otherwise, they lose half the bet in case of a one-goal difference, or lose the entire bet in case of a draw or a loss.
1 1.5 or 1.5 odds: Players need the favorite team to win by at least two goals to win the bet. If the winning margin is only one goal, the player loses the entire bet.
1.75 or 1 3/4 odds: When the match ends with two goals in favor of the favorite team, the player wins half the bet. Winning by three or more goals means the player wins the entire bet, but a one-goal difference results in a loss of the entire bet.
European Handicap Betting Odds
European Handicap betting is relatively simple to play, so it's extremely popular at bookmakers. It's also known as 1x2 betting, offering three betting options: win, lose, or draw. The convention is that 1 denotes a home win, 2 denotes an away win, and X denotes a draw.
Over/Under Betting Odds
Over/Under betting is widely used at bookmakers in Vietnam, just after Asian Handicap betting. It's a straightforward form of betting where players only need to predict the total number of goals scored between the two teams without considering which team scores. According to the convention, betting over is called "Tai" (Over), while betting under is called "Xiu" (Under).
Over/Under 2.25 odds: After the match ends with a difference of three goals or more, players betting on Over win. If there are only two goals scored, players lose half their bet. In cases of one goal scored, a draw, or no goals, players lose the entire bet.
Over/Under 2.5 odds: After the match ends, players betting on Over win if the total goals scored reach three. Conversely, those betting on Under win if there are at most two goals scored.
Odd/Even Betting Odds
Similar to Over/Under betting, but instead of predicting the exact number of goals, players predict whether the total number of goals scored will be odd or even. For example, if you bet on Even and the final result is an even number of goals, you win.
In summary, understanding football betting odds is essential for anyone looking to venture into sports betting. With this knowledge, newcomers can make informed decisions and increase their chances of winning.
See more betting tips at : what is an asian handicap in soccer
The Most Basic Way to Understand Odds in Football Betting
Understanding odds in football betting is incredibly straightforward. You just need to grasp the meaning of the number pairs expressed on the odds board and then begin to dissect them to make appropriate betting decisions.
When participating in betting, there are many types of odds for you to choose from. Therefore, analyze your favorite type of odds before placing bets.
There are three simple types of odds for you to choose from: Asian handicap, European odds, and Over/Under odds. Each type of odds possesses the following characteristics:
European Odds (1×2): These odds are based solely on the final result: win – draw – lose to determine whether a single bet wins or loses. Due to its straightforward nature, the winning odds are usually not high, and the probability of winning is also low. Hence, fewer people choose to participate.
Asian Handicap: This type of odds is predominantly chosen by Asian bettors due to its widespread handicap betting odds and the ease of identifying winning odds. There are 9 options for bettors to place their bets, resulting in high winning odds.
Over/Under Odds: Predicting the score in football matches, this type of odds is also highly regarded by many because it only requires predicting the total number of goals scored in the end without considering which team wins or loses.
Guide to Calculating Football Betting Winnings
Understanding odds or the method betting tips 1x2 app of calculating winnings and losses is crucial for bettors. Although bookmakers provide automatic features, bettors must never be complacent and overlook the following knowledge:
Winning bet amount=Capital amount x Odds ratio
For example: Betting 100 units on a 3 – 1 score odds of 0.97 and winning would result in: 100 x 0.97=97 units.
On the other hand, Loss bet amount=Bettor's capital amount.
Thus, we can use this formula to check the credibility of bookmakers, to see if the received reward amount is accurate or not. Simultaneously, controlling the invested capital amount and the profit received also supports you in managing your funds more effectively.
Football betting is not just an entertaining game whenever a major or minor season appears but also a primary means of earning money for many sports betting enthusiasts. Therefore, seeking explanations for football betting odds will help you easily choose suitable handicap bets to bring moments of excitement through each match.