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Here is some useful information about the betting odds from bookmakers to help you gain more knowledge on your journey to conquer bookmakers.
What are odds?
Odds are figures provided by bookmakers to players, representing the ratio of the winning amount to be received (if won) to the initial betting amount when the player participates in betting on a particular match.
These figures are provided by experts from reputable bookmakers, through which players will know the amount they will win. Additionally, it also reflects a brief assessment by experts of the winning potential of that match.
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Types of bets/football odds to know before participating:
In basic football betting, there are 3 main types of odds: Asian Handicap, European Handicap, and Over/Under, but from these three odds, bookmakers will vary into many other types of odds by changing different betting objects. Here's a brief explanation from Dulieubongda about some commonly encountered types of odds in football betting:
Over/Under is a betting method where the bookmaker predicts a number, and then the player bets on whether the actual number after the match is higher or lower than the number provided by the bookmaker.
With this betting method, you can bet on over/under on various aspects. In football, many match statistics can be used for over/under betting such as: total goals in the match, number of yellow cards, number of red cards, number of corner kicks, free kicks, etc.
Win-Loss odds in football are simply a type of bet where the player predicts which team will win, lose, or whether it will be a draw after the match. However, in reality, bookmakers will provide different odds for each type of result based on the winning or losing probability of each team.
This type is often used by Asian bookmakers, so it is also known as Asian Handicap or Handicap (one of the 3 common odds that many people play). Handicap Over/Under is a betting method where the bookmaker initially gives an assessment of which team is stronger and which team is weaker, then provides a handicap number for the stronger team to balance out the final result.
For example: In a match between Chelsea and Wolverhampton, the bookmaker assesses Chelsea as stronger, so they handicap Wolverhampton by 1/2 goal, meaning if the score is 1-0, then betting on Chelsea will win the bet, but if it's a draw or Wolverhampton wins, then betting on Chelsea will lose the bet.
In this type of odds, the player needs to accurately predict the score of the match. If correct, the odds are usually higher than other types of odds.
This type is a sub-category in the Over/Under odds. The statistic used for betting here is the number of corner kicks in the first half, second half, or the entire match. For example, if the bookmaker predicts that there will be 4 corner kicks in the first half, players can bet over or under. At the end of the first half, if the number of corner kicks is more than 4, the over wins, and if it's less than 4, the under wins.
This is a type of odds under the Handicap Over/Under category. It takes the number of corner kicks of both teams as the betting statistic, and the bookmaker predicts which team will have more corner kicks and provides handicap odds for each match.
Similar to Over/Under corner kick odds, Over/Under yellow card odds use the number of yellow cards in the first half, second half, or the entire match as the betting object.
Similar to Handicap Over/Under corner kick, this type uses the number of yellow cards in the first half, second half, or the entire match as the betting object.
In this type, the player predicts which player will score in the match. Bookmakers provide different odds for each player based on their goal-scoring ability.
This type is usually used for 3 main objects: red cards, penalty kicks, and both teams to score. For each of these objects, players predict whether it will happen or not, and bookmakers provide different odds for each outcome for players to consider.
How to Read the Bookmakers' Odds Table
Reading today's football odds correctly to make accurate decisions is extremely important. In this section, I will introduce how to read 3 basic types of odds: Asian Handicap, European Handicap, and Over/Under. Most other types of odds are derived from these 3 basic types.
Asian Handicap (HDP):
Asian Handicap Odds, or HDP, are often represented in a fractional format, for example: -0.25, 0.5, -1.75, etc. This is one of the most popular types of odds in Asia, used by many prestigious bookmakers in Asia. The table will show the odds of each team (Home and Away) for each match.
European Handicap (HDP) and Over/Under (O/U):
European Handicap Odds and Over/Under Odds are often represented in decimal format, for example: 1.5, 2.25, 3.5, etc. This format is used more in Europe. The table will show the odds of each team (Home and Away) for each match.
The higher the odds, the greater the winning amount the player will receive if they win the bet. Conversely, the lower the odds, the lower the winning amount will be.
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Conclusion:
Above is the basic information you need to know about today's betting odds for football matches. I hope this information will help you better understand the odds and make wise decisions when participating in betting. Remember to bet wisely and responsibly!