Instead of traditional football betting with bookmakers, there is now online football betting with many conveniences and a variety of betting odds and stakes. Therefore, understanding how to read football betting odds is crucial.
At this point, you need to understand how to read the odds and calculate money in online football betting to aim for the most attractive rewards.
Most detailed guide to reading football odds online
Odds are the betting ratios set by bookmakers for players to choose from. Depending on the odds, the amount of winnings will vary, for example: over/under odds, first-half odds, one-half odds, etc.
Players will choose the safest odds for themselves to secure a win.
Understanding how to read football betting odds with all soccer tips is considered the most basic knowledge that new players need to learn from Wintips.
How to read Asian Handicap football odds
Asian Handicap football odds (Handicap) or handicap odds, in this type of odds, there are only wins or losses without a draw. Asian Handicap football odds are diverse for players to choose from.
Odds 0 – 0
Odds 0 – 0 are set by bookmakers when two teams have similar abilities and form, making it difficult to predict which team will win.
However, if the final result is a draw, you will get your money refunded by the bookmaker.
When there is a goal, those who bet on the winning team will win money, and vice versa.
In the language of experts, this odds type is called “half-ball handicap.” After the match ends with a draw, those who bet on the upper team will lose half the amount to those who bet on the lower team.
Depending on the circumstance, the half amount will go to the bookmaker.
When there is a winning or losing team, whoever correctly placed the handicap bet will win the entire amount, and vice versa.
In this odds type, it’s considered that the upper team is giving the lower team a half-ball handicap, but if the two teams draw, you won’t get a refund like the 1/4 odds.
The match result equals the betting result; the winner takes the entire amount, and the loser loses money.
The odds of ¾ can be understood as the upper team giving the lower team “one and a half balls.” If the upper team wins with a score of 1 – 0, those who bet on the lower team will lose half the amount, and those who bet on the upper team will receive that amount.
The upper team wants to win only when the match result is 2 – 0; otherwise, those who bet on the lower team will win the entire amount.
If the difference in the match is 3 goals, those who bet on the upper team will win the entire amount. But if the difference is only 2 goals, the upper team will lose half the amount, and the lower team will win half the amount.
However, if the difference is less than 2 goals, the lower team will win the entire amount, and those who bet on the upper team will lose the entire amount.
The lower team will win half the amount if the difference is 1 goal, but they will lose the entire amount if the difference is 2 goals.
Those who bet on the upper team need a difference of at least 3 goals to win the odds; if it’s only a 2-goal difference, the lower team will win half, and the upper team will win half.
If both teams draw, those who bet on the lower team will win the entire bet amount.
Odds of 1.5 mean that the upper team is giving a 1.5-ball handicap to the lower team. If there is a 1-goal difference, the upper team loses; if there’s a 2-goal difference, the upper team wins.
Based on these basic odds from bookmakers, there can be similar additional odds for players to have more betting options.
Reading odds is an essential skill to master; if you don’t understand the odds ratios, you won’t make the most accurate predictions when betting.
Remember, if you lose the bet, you’ll lose real money.
How to read European football odds
The method of reading European odds significantly differs from Asian handicap odds, often referred to as 1×2 odds. The number 1 signifies betting for the home team. If the home team wins, you’ll make money. Conversely, the number 2 signifies betting for the away team. If the away team wins, you’ll profit, whereas the letter “x” indicates a draw. If the bookmaker offers a handicap of 2, a draw still means a win for you.
In European odds betting, if you bet incorrectly, you may lose half or the entire amount, similar to Asian handicap odds. Therefore, careful calculation and thorough analysis of the team data are necessary.
The belief is that home teams have advantages, being more confident and cheered on by more fans. Meanwhile, away teams face more pressure and psychological disadvantages.
Therefore, in European odds, consideration always revolves around the home-away factor, just like in online betting.
Thus, when placing European odds bets, paying attention to this factor and used betting tips app can enhance your chances of winning.
Calculating winnings in football betting
Calculating winnings is a crucial and enticing aspect after each football betting match. In our jargon, it’s the deciding moment of who “sails in” and who “sails out.”
Understanding the terms and methods of calculating football betting winnings allows for reasonable estimation of the amount to wager.
Some terminologies include:
Full win: Winning the entire wager or “taking it all.”
Half win: Instances where half the wager is won, as listed earlier in the article. The amount received equals half the initial wager multiplied by the bookmaker’s odds.
Full loss: Losing the entire wager.
Half loss: Losing half the initial amount.
Calculating wins and losses in football betting:
Half loss: The player loses half the initial wager multiplied by the bookmaker’s odds.
Full loss: The amount lost equals the initial wager multiplied by the bookmaker’s odds.
Half win: Winnings = (odds + 1) / 2 × wager (most bookmakers apply this formula, but some may differ; players should read carefully before betting).
Full win: Winnings = Initial wager × odds.
After a losing bet, calculate how much was lost to better prepare for future wagers.
This is the most common formula bookmakers use to calculate wins and losses for players. It’s simple and understandable, allowing players to determine their wins and losses.
A crucial factor in calculating wins and losses is the odds set by the bookmaker. Each bookmaker offers different odds, resulting in varying prize amounts.
However, if you can roughly estimate the potential winnings or losses, you can choose the most suitable bookmaker.
Find out more : what is asian handicap
Understanding how to read odds and calculate winnings in online football betting is vital, not only for beginners but also for seasoned bettors.
Based on initial calculations, you’ll make the most accurate decisions. This minimizes potential losses and maximizes potential winnings.