The moment of receiving winnings in a bet is a great thing that any Bet brothers want after long nights of battle. However, the betting industry is now developing with many new ways of playing and rules, so the way of calculating money in football betting and the basic reading of football odds also changes quite a lot.
Each football betting site, ball owner or even 2 individuals playing together will also have different ways of calculating money. To ensure your rights, you should immediately read the article understanding odds in football betting below of bestsoccertips to gain more experience for yourself!
What is Odds in Football?
This is the figure that reflects the disparity in skill level between two football teams in a match, where the stronger team is considered the favorite and the weaker team is the underdog. Betting agencies will provide these odds to help players make more accurate betting decisions. Corresponding to a given odds is an objective assessment of the skill level between the two teams, which is detailed on the betting odds board of the agency. Typically, these odds are diverse and varied to offer multiple choices for bettors.
By placing more bets, your chances of winning increase, accompanied by highly attractive rewards.
How to read odds in football betting
In sports betting, odds are typically presented as decimal numbers or fractions to indicate the ratio between the amount you place as a bet and the potential payout you can receive if your bet wins. There are three main types of odds in betting: Asian Handicap odds, European odds, and American odds. Here’s how to interpret each type of odds:
Asian Handicap Odds
Asian Handicap odds are often displayed as numbers like -0.5, +1.25, -0.75, etc.
- If you see a positive number (e.g., +0.5), it signifies that the favored team is given an advantage of virtual points or goals. For instance, if you place a bet on a team with a +0.5 odds and that team wins or ties, your bet wins.
- If you encounter a negative number (e.g., -0.5), it indicates that the favored team is handicapped by a certain number of virtual points or goals. For example, if you bet on a team with -0.5 odds and that team wins, your bet wins.
- If you come across a decimal number (e.g., +1.25, -0.75), this usually involves splitting the bet into two nearly equal parts, each with a different odds value. One part of the bet is placed with one odds value, and the other part is placed with a different odds value.
European odds are typically displayed as numbers like 1.75, 2.00, 3.50, etc.
- Odds of 2.00 (or 1/1) indicate that you will receive your initial wager amount as winnings if your bet is successful. For example, if you bet 100 units at odds of 2.00 and you win, you’ll receive a total of 200 units (100 units initial bet and 100 units winnings).
- Odds below 2.00 represent a payout that is less than your original stake. For example, odds of 1.75 mean that you will receive 175 units if you win a bet of 100 units.
American odds are often presented as numbers like -150, +200, -300, etc.
- Negative odds (e.g., -150) indicate the amount you need to bet in order to receive 100 units in profit if your bet wins. For instance, if you bet 150 units and you win, you’ll receive a total of 250 units (150 units initial bet and 100 units profit).
- Positive odds (e.g., +200) signify the potential profit you’ll receive if you bet 100 units and your bet wins. For example, if you bet 100 units at +200 odds and you win, you’ll receive a total of 200 units (initial bet plus winnings).
- Remember, understanding these different types of odds is crucial for making informed betting decisions and managing your bets effectively.
How to calculate odds in football betting
Step 1: Understand how to calculate best winning odds in football betting
First, you need to understand how to calculate betting odds in football betting. Betting odds are typically presented as a pair of numbers, for example, 1.5, 2.0, 3.5, etc. The meaning of these numbers is the amount of money you will receive if your bet is successful. For instance, if you place a bet of 100,000 Vietnamese dong on odds of 2.0 and you win, you will receive 200,000 dong (100,000 dong initial bet + 100,000 dong profit).
Step 2: Learn about the bookmaker’s odds
Next, you need to familiarize yourself with the odds provided by the bookmaker you are using for betting. Bookmakers usually publish odds for upcoming football matches before they take place. You can check this information on the bookmaker’s website or through sports betting apps.
Step 3: Determine your odds
After you are aware of the bookmaker’s odds, you can decide on your own odds. Depending on your assessment of the teams’ capabilities and relevant information, you can choose the corresponding odds. For example, if you believe that Team A will win, you can place your bet on Team A’s odds.
Step 4: Calculate the bet amount and potential winnings
Once you have determined your odds, you need to calculate the amount of your bet and your potential winnings. First, you decide the amount of money you want to wager. Then, you multiply that amount by the odds to calculate the potential payout if you win.
For example, if you place a bet of 200,000 dong on odds of 2.0, the amount you will receive if you win is: 200,000 dong (initial bet amount) x 2.0 (odds) = 400,000 dong.
Step 5: Manage risk
Finally, remember that sports betting involves risks, and you should manage your capital carefully. Do not bet more money than you can afford to lose, and play responsibly. If you feel uncertain, consider your bets carefully or gather more information about the match and other influencing factors before placing your wager.
By following the above steps and managing your capital carefully, you can calculate the most winning odds in football betting and participate in football betting effectively.
How to place the most accurate football bets?
Not only newcomers but even professional bettors often grapple with the question of how to place the most accurate football bets. There’s no secret that guarantees a 100% win, but if you know how to combine the following experiences, you can increase your prediction accuracy by around 80%.
Each bookmaker will provide a perspective and assessment with their own set of odds. Your task is to develop the habit of comparing these odds to get a comprehensive view of the match. It’s been proven that most reputable bookmakers nowadays have similar evaluations for matches. Therefore, it won’t take much time to compare, but you’ll gain more confidence when placing your bet.
Detailed Match Analysis
Don’t miss any information related to upcoming matches, such as starting lineups, head-to-head history, injured players, etc. All of this will make it more convenient for you to place bets, especially for matches where the two sides have a significant correlation.
Avoid Overanalyzing Multiple Bets Simultaneously
When engaging in football betting, you should focus on just one betting option, and avoid trying to handle too many at once. Overcommitting can lead to distracted thinking and difficulty in providing accurate assessments. Based on the experience of professional bettors, the ideal number of bets to analyze in an evening is around 1-2 matches, allowing ample time between them to understand the tournament better.
Place Bets at the Right Time
The odds board is frequently updated and might fluctuate 1-2 hours before a match. To avoid being influenced by these fluctuations, it’s recommended to place your bets around 3-4 hours before the match starts. You should refrain from changing your opinion except when you’ve opted for in-play betting during the match.
Don’t Miss Promotions
Reputable bookmakers in the market often offer various appealing promotions to enhance the value of profits for customers. These might include welcome bonuses for new members, cashback rewards, reload bonuses, etc. Make the most of these offers to help you gain more valuable rewards.
Through the above detailed sharing, hopefully you have gained some necessary knowledge about odds in football and understand more about how are odds calculated in football to be more confident on your journey to participate in football betting. Training, calmness and patience will help you gain more important experience and get closer to the title of betting master. Sign up for an account and challenge today to get the most rewarding rewards for yourself. Good luck!