Are you new to sports betting? Then, you must understand the different Asian betting odds before you wager for real money. Surprisingly, there more than three betting odds that you should know. Aside from Moneyline, fractional, and decimal odds, the Asian sports betting odds comes with various kind.
Football odds types? In this article, we will cover all the sports betting odds and how they work. So, you will be able to differentiate the betting odds that you may come across. Moreover, you will be able to tell which Asian betting odds are good from the bad ones.
What are sports betting odds?
Sports betting odds help you to understand how likely an event is going to happen. It also tells you what is your potential winnings will be. As a beginner, it may appear confusing. However, once you get a hold of how betting odds work, it would be a piece of cake for you.
Whether you are betting in a casino, Sportsbook, or any type of gambling, the odds show the ratio between the amounts staked by parties to bet. Therefore, the odds of 3:1 means that the bookmaker stakes 3x the amount staked by the bettors.
Sports betting sites offered betting odds. However, it is up to you to tell if they are good or not. There are times that they offered different odds from the other for the same event. Nevertheless, this is only a slight difference. Take note that the bigger the odds, then the lower the chances the bookmaker thinks that outcome will happen. For an instance, the implied probability of 2/1 is more likely to happen than 20/1. Here, you will get less profit if that wager wins.
What are the different types of Asian sports betting odds?
In Asian sport betting odds, punters can choose different types of betting odds. And it can be displayed in European odds, Hong Kong odds, Malay odds, or Indonesian odds.
Ultimate Guide to Betting Odds: Types Asian Betting Odds
European odds (Decimal odds)
When you are betting in offshore sports betting websites, decimal odds are often offered. Simply because European odds are easy to understand.
European odds are the most popular method for specifying odds all over the world. With decimal odds, it displays the total amount that you will get when you win for every 1 unit you stake. Here, the decimal odds include the initial stake in return and not just the profit.
How decimal odds work?
For an instance, we have 1 unit is $10.00 and the decimal odds is at 2.50. Then, you will get back $25.00 in return when you win. Here, you will get a $15.00 profit together with a $10.00 initial stake.
With European odds, oftentimes, 2.00 is a view as evens. This indicates that you will double your money when you place a bet at 2.00. This will be your initial stake back together with the amount you stake as profit.
Moreover, anything under the 2.00 decimal odds is expressed as “odds on”. Thus, punters view as being more likely to happen because it is a greater than a 50% chance to win. Furthermore, a bet is “odds on” when you need to stake more than you will gain a profit.
Let us say the 1.40 decimal odds will have a profit of 0.4 units for every 1 unit you wager. Thus, anything above the 2.00 decimal odds will recount as “odds against”. And punter saw this as being less likely to occur due to less than a 50% chance of winning.
Additionally, the bet is “odds against”, when you will make a profit more than you wager when you win. For instance, you are given a decimal odds of 2.75 with a return of 2.75 units. This includes the profit of 1.75 units per $1 staked.
Indonesian Odds (Indo Odds)
Is this the first time you hear Indo odds? Well, Indonesian Odds are becoming more popular around the world alongside Malay odds. Understanding Indo odds will be much easier when you are familiar with American odds. These two are quite similar, so you can easily grasp how Indonesian odds work. Indonesian odds have two types: the positive Indo odds (+) and the negative Indo odds (-). Moreover, Indo odds are displayed with a decimal point.
How positive Indo odds work?
Positive Indo odds are closely like Moneyline odds. Wherein, the number represents the odds of the bet. The only difference is that positive Indo odds based on one unit wagered.
For an instance, you are offered Indonesian odds of 2.00 or +2.00 respectively. Here, you will win two units for every one unit you wager together with your stake back. Note that with a positive Indo bet, you will always double your money on winning the bet.
How negative Indo odds work?
Negative Indo odds are the opposite of positive Indo odds. Moreover, it comes with a “-” symbol before the number. Negative Indo odds also based on one unit wagered. Nevertheless, the number does not show how much you could gain. Instead, it displays how much you need to wager to win one unit.
Let us say, you have an Indonesian odds of -1.50. This means that you will need to risk 1.50 units to win one unit. Thus, the Indo odds of -3.5 mean you’ll have to wager 3.5 units to win one unit plus your stake.
Oftentimes, negative Indo odds occur in events that are more like to happen. So, when you are going to wager on the favorites, then the more chance that you will get negative Indo odds.
How to convert Indonesian odds to fractional odds?
In this type of Asian sports betting odds, you can use an odds calculator to quickly convert them.
To convert positive Indo odds to fractional odds:
Remove the “+” sign and the unnecessary zeros from the Indo odds. Then, add the “/1” to the end.
For example, Man City has +3.00 Indo odds to beat Arsenal in the Premier League. To convert, we remove the “+” sign and the zeros from the odds. Then, we’ll be adding “/1” at the end. As a result, we will get 3/1 Indonesian odds.
To convert negative Indo odds to fractional odds:
The process is the same. The only difference is that we will be adding the “/1” at the beginning. Then, multiply both numbers by the same number to make it a whole number.
For example, Man City has -4.25 Indo odds to beat the Arsenal. Here, we will strip off the “-” sign. Then, we now have 4.25. Next, multiply both numbers by the same number. So, the odds will become 1/4.25 now.
Some Sportsbook gives whole numbers for Indonesian. In this case, we will turn our 4.25 into a whole number. To do this, we will multiply 4.25 by 4. Therefore, this will us 17. Then we will multiply the “/1” by the same number. As a result, we got 4/17 Indonesian odds.
Hong Kong Odds
Hong Kong odds are closely similar to the American odds. Moreover, they are displayed with “+” and “-” symbols before the number. This type of Asian sports betting odds is easy to understand. Plus, you don’t have to deal with negative values. In addition, the bets are above zero.
How do Hong Kong Odds Work?
If you are going to wager in Hong Kong odds, it will be displayed as one. Thus, anything below that leans to a favorite. In the same manner, that anything above is an outside shot. To put, the higher the number, the more you will gain when you win.
Let us say you bet on a match at Hong Kong odds of 2.00 with 1.00 unit. To compute: multiply your profit of 2.00 by your 1.00 stake. Then, this will give you a return of 3.00 if you win.
How to convert Hong Kong odds to Decimal odds?
The conversion of HK odds to decimal odds is incredibly easy. What you need to do is simply add one the number of your HK odds. And that’s it, you now have your decimal odds.
For an instance, you have O.35 HK odds. Add one to the number, then this will give you a 1.35 decimal odds. Thus, for 2.5 HK odds; you will have 3.5 HK.
When you plan to convert decimal odds to HK odds, this will work both ways. All you have to do is simply subtract 1 to your decimal odds. Then, you can now have your HK odds easily.
How to get my Hong Kong odds profit?
To calculate your profits, simply multiply your stakes by the Hong Kong odds.
Malay Odds
Understanding Malay Odds are very easy like the other Asian sports betting odds. These betting odds work the same as Indonesian odds or American odds. Here, we will give you a guide to the betting odds of Malaysia.
In this Asian sports betting odds, this uses zero (0) as the base. Thus, it represents even odds. Moreover, any positive number represents the favorites while negative for underdogs.
How positive Malay odds work?
In positive Malay odds, has a “+” sign or no symbol at all. In addition, you will earn less than one unit in profit when you wager for every one unit. Thus, the smaller the number, then the lesser you will win. Therefore, when you have Malay odds of +0.1, this means that you will win 0.1 of a unit for every one unit wagered.
How negative Malay odds work?
This is the opposite of the positive Malay odds and is represented by a “-” sign. In addition, you are usually wagering on an underdog or unlikely outcome. Moreover, this gives you bigger profit margins.
For an instance, you have a -0.5 Malay odds. Here, if you wager one unit then you will get two units in return. Plus, you will also get your stake back.
How to convert Malay odds to decimal odds?
Converting is very easy with Malay odds. In positive Malay odds, you need to remove the “0” first. Then, replace it with 1. For an instance, Man United has an odd of 0.75 against Barcelona in the Premier League. All you have to do is remove the zero and replace it with 1. Thus, this will give you a 1.75
And for converting negative Malay odds to decimal, remove the “-” sign. Then, divide 1 by the Malay odds. Afterward, add 1 to the total.
For example, Man United has Malay odds of -0.35 to beat Barcelona. First, change the -0.35 to 0.35. Then, divide 1 by the Malay odds of 0.35. Divide 1 by the odds and you will get a 2.85. Finally, add 1 to 2.85 then you will get 3.85.
Final Say: Sports Betting odds
The majority of online bookmakers allow you to easily change the format of odds if you want to. This is usually found either in your account settings. Or, you will be given an option to choose their available bets via a drop-down box. Now that you understand all the Asian betting odds, you are good to go.
Asian Sports Betting Odds FAQs:
What are sports betting odds?
Sports betting odds help you to understand how likely an event is going to happen. It also tells you what is your potential winnings will be. For beginners, it may appear confusing. However, once you get a hold of how betting odds work, it would be a piece of cake for you.
What are the different Asian sports betting odds?
Malay odds, Indonesian odds, and Hong Kong odds are the most popular betting odds in Asia. Today, many Sportsbooks are offering Asian odds alongside the decimal, fraction, and Moneyline odds.
How do Hong Kong Odds Work?
If you are going to wager in Hong Kong odds, it will be displayed as one. Thus, anything below that leans to a favorite. In the same manner, that anything above is an outside shot. To put, the higher the number, the more you will gain when you win.
