If you’re new to betting, the primary thing you should do is have football betting odds explained. It’s critically important as it allows you to understand the probability of an event to happen and what your potential winnings can be.
Initially, it may appear confusing. But read this football betting odds explained guide to understand.
In Malaysian betting, odds show the ratio between the amounts staked by all parties to a wager or bet. Therefore, odds of 3 to 1 mean the first party stakes three times the amount put by the second party (the bettor).
Also, check out football betting tips on asaa88 for more insights!
Table Of Contents
Basics of football betting odds explained
Football betting has always been a popular sport in Malaysia and Singapore. It comprises 40% of the money wagered by betters in the gambling industry, even in the UK.
Hence all the punters must know key features of the football market. The huge number of people betting on football every day allows the gambling industry to grow even more. As a result, many betting sites are coming to light today with more and better football betting options.
One such website to give you a seamless experience at the betting is asaa88.
And this block will tell you everything necessary to know about football betting before you even think about investing money there.
Using a football betting odds calculator
If you see two numbers separated by a slash like this- 4/1, know that this is fractional odds.
You can calculate and find out the likeliness of an event to happen from this. For example, take a look at this explanation by replacing the number with alphabets 4/1- A/B.
Calculation on football betting odds explained: Probability (%) = B / (A+B).
- 9/1= 1 / (9 + 1) = 0.10 – There is a 10% chance of the event to happen.
- 4/1 = 1 / (4 + 1) = 0.20 – There is a 20% chance for the event to happen.
- 1/1 = 1 / (1 + 1) = 0.50 – There is a 50% chance for the event to happen.
- ¼ = 4 / (4 + 1) = 0.80 – There is a 80% chance of the event to happen.
Football betting odds comparison
One way isn’t better than another, but there is certainly a trend uprising towards using decimal odds in Malaysia. Traditionally, fractional odds are used in the UK, especially on the high street. There are two main differences.
Generally, decimal odds in Singapore are simpler to understand. Based on this, it has the potential to attract more people to horse racing as it’s more accessible to the average punter. A decade ago, if you were going to Cheltenham, the odds would be shown as fractional odds. Now, they’re all in decimals.
The second difference in the formats is that fractional odds only show winnings and never include the returned stake, unlike decimals which include the stake. The transition from fractional to decimals kicked off with the rising popularity of betting exchanges.
For all the types of odds to change even a bit, it’s really difficult to increase or decrease the probability without generating large fractions. These are hard to calculate for the punter and are not a good way of getting football betting odds explained.
How To Read Betting Odds Football
If you wish to bet on a football game, understanding the odds for teams is important to know how much you’re wagering or winning. Most people bet on football games depending on the point spread of the game, while others go for money line odds. There may be several other odds you can bet on, but they are not as common. Once you place the sports bet, watch the game so you can check the results and possibly win big!
Know that the favored team needs to win by more than the points needed to pay out. Read the odds of the game you’re betting on and find the team with a “-” sign next to its point spread.
Check the number after the “-” sign, so you know exactly how many points a team needs to win to pay out the bet. If a team doesn’t win by more than the listed number, then you lose the bet.
For instance, if the number next to the team says -5, the team must win by more than 5 points to win a bet.
The number for the point spread can also be a fraction or decimal, such as -4 ½ or -4.5. In such a case, the team should win by the next round number of points, presumably 5 in this example.
Understand that the underdog pays out if they win or lose by points less than the spread. Read the point spread odds for teams having plus sign next to the numbers. If the team wins by any points, you win the game. You can also win if the team loses by less than the points listed by the bookie. If a team loses by more than the listed points, you lose the amount you wagered.
If the football odds were listed as +4.5, the team must either win by any margin or lose by less than 5 points.
Get your original bet amount back if the point spread results in a tie. Usually, you’ll get your bet back with an additional amount depending on the odds when you win. If both teams’ point spread is a round number, there could be a tie, known as a “push.” If a team scores the same amount listed on the point spread, you do not win additional money. However, you’ll receive the wager you placed.
For instance, if a team’s odds are listed as -4 but they only win by 4 points, there is no winner who will give you your original bet.
Football betting odds Singapore Main Odds Formats
Once you have found out that the underlying principle of odds is uncomplicated, you can bet without thinking too hard. In the first place, football bettors need to be aware that odds can be shown in three main formats- decimal, American odds, and fractional odds.
One of the most complicated things to do when you wish to become a football bettor in a online Malaysia casino is to remember all the traits of each of the three odds formats and how they function. Despite knowing that, at first, this might look impossible. But if you take your time to read about this, you will see that it is not as complex as it sounds.
Fixed Odds Betting Football- Decimal Odds
Decimal odds doubtlessly stay the most widely used format of the three in Singapore. In fact, this type of odds can be seen in the better part of the interactive bookies. The only exception is operators that target gambling enthusiasts from the United States. It is true to say that the most obvious reasons decimal odds are very popular are that it is the most straightforward and simple to read.
Understanding betting odds football- Moneyline Odds
Moneyline/American odds is the next popular format we will pay attention to. As the name suggests, this presentation of the odds is most popular with football bettors coming from the United States. At first, it might confuse you as the odds might have a positive or a negative value.
The most confusing thing still remains that the positive sign shows the potential profit you may enjoy when you make a stake of $100. Therefore, if we assume that the odds of one football team is +200, a winning stake of $200 will give you $600.
It is essential to note that this amount comprises the initial stake you have made. In simpler words, the formula you need to make use of to get your potential profit is stake x (odds / 100).
Football betting odds are not the most tricky ones to comprehend; infact, these are rather easy to understand! Now that you have every necessary term of the football betting odds explained, you can go ahead and start online betting on Asaa88.
Expected value is another term we should pay special attention to as it has to do with the money football bettors can expect to keep from the stake they have made.
Punters must remember that if their stake has a better chance to be a winning one than the odds might indicate. This means that it is a positive value.
When your stake is more likely to be the losing one than the odds reflect, your bet must have a negative value. Gambling lovers who wish to earn a profit will need to make stakes have positive value.
Now, let’s give an example of a coin toss in which the chances of every outcome are equal. Let’s assume that the heads’ odds are 3.00, whereas the odds of tails are 1.50. So, if we assume that you want to take a stake of $10, in the initial case, a winning bet will earn you $30, whereas, in the second case, you will get as much as $15.
Now the main question is, which scenario is beneficial to you. The answer to this is pretty simple wagering on the head will bring you better results. This wager would have a positive value just because the implied probability is less than your chances of winning.
Football bettors in Singapore must know that several tips might greatly facilitate finding the best value. It might appear like a basic tip, but it would be better if you bet on football competitions or teams you are familiar with.
Thus, if you are onto a specific tournament, it would be much easier to make the right decisions and enjoy more fruitful results.
In this relation, we must not forget that football bettors should not disregard the teams which are considered favorites. Many football bettors consider that they cannot serve positive value since those teams have quite low odds. Knowing that this is a popular misconception among bettors, they should not forget what’s important. It is the manner in which the odds/probability are presented.
While football bettors are working to find the best value, they should also consider many factors affecting the matchup outcome. If you fail to do so, you must know that your judgments might not be quite accurate. That is why always consider injuries, schedules, and the condition of the football team you want to support.
Finally, we should also remember that when you want to find the best value in a Singapore casino, one of the best things is to register and create an account at more than one online sportsbooks that boast football betting. So, gambling enthusiasts will be capable of comparing the odds bookies offer. Also, they are able to figure out which one gives the most advantageous deals.
The bookmaker sets and represents the ratio between the stake and potential winnings on a particular outcome.
These are usually represented as fractions (4/1) but can also be shown as decimals (4.0). For instance, if the outcome of an event has odds of 4/1 or 4.00, you will win £4 for every £1 you bet.
As for fractional odds, this is the omnipresent format found in almost every bookie in the United Kingdom. Still, recently, decimal odds have started to oust fractional odds. In reality, gambling enthusiasts are more reluctant to use this format. This is because estimating the payout or profit might be a bit tricky undertaking.
One of the most vital things football bettors in Malaysia should remember is that fractional odds reflect the potential profit. When we talk about the possible payout, gambling enthusiasts need to add the amount of the stake.
Understanding what minus and plus mean while wagering is an important step before you bet. In case there’s a minus sign for odds, then you need to wager that amount of money to win, say $100. (If you see -$200, you must put a bet on $200 to win $100). However, when you see the + sign, you’ll earn that amount of money on a successful wager of $100. (If you see +$200, you will make $200 on a $100 wager).