The Sports Betting Understanding Odds Guide
OKBET betting guide sports odds might be difficult to comprehend at first. They may have shown in more than one manner. We’ve got you covered from Malay, Hong Kong, Euro/Decimal, and Indo Odds. How can anybody possibly know how to make the greatest bets?
In this guide, we’ll give everything you need to know about sports betting odds that use in your bet, to understand how the odds uses in sports betting and how you can start creating your odds.
Malay Odds
Malay odds format is displayed as a number with absolute value no greater than 1 (usually displayed to 2 or more decimal places). Malay odds can be displayed as negative and positive number. When Malay odds are positive, the payout is simply calculated by multiplying the odds x stake. If the bet is lost, you lose the whole stake. When Malay odds are a negative number and the bet is won, you double your stake. If the bet is lost though, you only lose stake x negative Malay odds.
Odds Format :
When wager on Brazil at 0.40 malay odds. For every $200 wagered, your potential net profit would be $80. If you win your original stake will also be returned to you, leaving you with %280 ($200 original wager + $80 profit) and a net of result of plus $80.
Brazil 0.40: wagered $200 to win $80 = $280
Stake
: $200
Profit
: 0.40 x 200 = $80
Stake x Malay Odds = Profit
Payout
: Stake ($200) + Profit ($80) = $280 (including stake)
Stake x (Malay Odds + 1) = Payout
Lose
: – Stake ($200)
When wager on Germany at -0.30 Malay odds. For every $200 wagered, your potential net profit would be $200. If you win, your original stake will also be returned to you, leaving you with $400 ($200 original wager + $200 profit) and a net of result of plus $200. If lose, they are simply your stake multiplied by the Malay odds.
Germany -0.30: wagered $200 to win $200 = $400
Stake
: $200
Profit
: Stake ($200)
Payout
: Stake ($200) + Profit ($200) = $400 (including stake)
Stake x 2 =Payout
Lose
: Stake ($200) x -0.30 = $60
Stake x Malay Odds = Lose
Converting Malay Odds to Hong Kong Odds:
- Positive numbers, just simply copied the numbers
- Negative numbers it is simply calculated by 1 divided by Malay odds and disregard the negative sign.
For Example:
0.40 malay odds would be 0.40 in hong kong odds.
0.40 = 0.40
-0.30 malay odds would be 3.33 in hong kong odds
-0.30 = 1/0.30 = 3.33
Hong Kong Odds
Hong Kong, HK, odds are relatively easy to follow and express. These odds are simply yet another expression of the relationship between your initial stake and your potential profit
These odds are very simple, and only show how much you will win for each unit wagered. HK Odds may be the simplest of all formats to understand. If the odds are a decimal lower than 1, the team is a favorite, and you will win back less than 1 unit for each unit wagered. For odds of exactly 1, you are looking at an even money vet that pays out 1/1. And for an y odds above 1, you will get paid more than one unit for everyone wagered if your selection happens to win
Odds Format :
Japan 0.04: wagered $200 to win $80 = $280
Stake
: $200
Profit
: 0.40 x 200 = $80
Stake x Hong Kong Odds = Profit
Payout
: Stake ($200) + Profit ($80) = $280 (including stake)
Stake x (Hong Kong Odds + 1) = Payout
Lose
: – Stake ($200)
This means that for each $200 you bet, you will win $80. If you lose, of course the entire $200 goes to the bookie.
Over 2.5 goal 1.00: wagered $2200 to win $200 = $400
Stake
: $200
Profit
: 1.00 x 200 = $200
Stake x Hong Kong Odds = Profit
Payout
: Stake ($200) + Profit ($200) = $400 (including stake)
Stake x (Hong Kong Odds + 1) = Payout
Lose
: – Stake ($200)
This bet is “even money” or 1/1. If the game goes over the 2.5 goals, you win the exact amount you wagered. If it stays under, you lose your stake. In this case, you bet $200 and won $200.
Mexico 4.20: wagered $200 to win $840 = $1040
Stake
: $200
Profit
: 4.00 x 200 = $840
Stake x Hong Kong Odds = Profit
Payout
: Stake ($200) + Profit ($840) = $1040 (including stake)
Stake x (Hong Kong Odds + 1) = Payout
Lose
: – Stake ($200)
These odds are more of a long shot and represent a futures bet where Mexico is picked to come out of their group stage and advance by winning the group. As you can see, the odds are over 4/1 for this bet.
Converting Hong Kong Odds to Euro/Decimal Odds:
- Hong Kong odds + 1.
For Example:
0.85 hong kong odds would be 1.85 in euro/decimal odds.
0.85 = 0.85 + 1 = 1.85
2.75 hong kong odds would be 3.75 in euro/decimal odds.
2.75 = 2.75 + 1 = 3.75
Converting Hong Kong Odds to Indo Odds:
- If the odds less than 1, just simply calculate by 1 divided by the Hong Kong odds and attached with a "-" symbol.
- If the odds greater than or equal to 1, just sumply copied the Hong Kong odss.
For Example:
0.85 hong kong odds would be. -1.17 in indo odds.
0.85 = 1/0.85 = -1.17
2.75 hong kong odds would be 2.75 in indo odds.
2.75 = 2.75
Euro Odds / Decimal Odds
Decimal odds are the most common way online bookmaker present their odds to customer. Decimal odds are often called European odds. Decimal odds take two seconds to calculate, they are simply your stake multiplied by the odds, which then equals your payout.
Odds Format :
Man U's 1.82: wagered $100 to win $82 = $182
Stake
: $100
Multiplier
: 1.82 – 1 = 0.82
Profit
: 0.82 x 100 = $82
Stake x (Decimal Odds – 1) = Payout
Payout
: Stake ($100) + Profit ($82) = $182 (including stake)
Stake x Decimal Odds = Payout
Lose
: – Stake ($100)
Germany -0.30: wagered $200 to win $200 = $400
Stake
: $100
Multiplier
: 2.75 – 1 = 1.75
Profit
: 1.75 x 100 = $175
Stake x (Decimal Odds – 1) = profit
Payout
: Stake ($100) + Profit ($175) = $275 (including stake)
Stake x 2 =Payout
Lose
: – Stake ($100)
Indo Odds
Indo Odds are very similar to American odds, they are the same odds just divided by 100. The positive numbers such as +115 are simply expressed as 1.15 so the plus sign is always implied if it is not there. Negative odds in the Indo format simply show how much money you must risk in order to win one unit. Usually these odds are displayed to 2 decimal places, sometimes more for certain bets.
When wager on Brazil at 0.40 malay odds. For every $200 wagered, your potential net profit would be $80. If you win your original stake will also be returned to you, leaving you with %280 ($200 original wager + $80 profit) and a net of result of plus $80.
Germany -1.15: wagered $100 to win $100 = $200
Computation 1
Stake
: $100
Profit
: Stake ($100)
Payout
: Stake ($100) + Profit ($100) = $200 (including stake)
Lose
: -1.15 x 100 = $115 lose
Stake x (Indo Odds + 1) = Lose
This means that for each unit won, you would need to Irish 1.15 units. A $115 bet returns $215, so you’re risking $115 to win $100
Computation 2
Stake
: $100
Profit
: 100 / 1.15 = $86.95
Stake / Indo Odds = Profit
Payout
: Stake ($100) + Profit (86.95) = $186.95 (including stake)
Lose
: – Stake ($100)
Risking 1 units to win 0.8695 unit.
Odds Format :
China 2.10: wagered $100 to win $210 = $310
Stake
: $100
Profit
: 2.10 x $100 = $210
Stake x Indo Odds = Profit
Payout
: Stake ($100) + Profit ($210) = $310 (including stake)
Lose
: – Stake ($100)
The big difference between “+” and “-” odds is that in the first example you are risking more than one unit to win one unit. In the second example you are risking one unit to win more than one unit.
Again, for even money bets you risk $1 and win $1.
Converting Indo Odds to America Odds
- Indo odds multiplied with 100.
For Example:
-1.15 indo odds would be -115 in American odds.
-1.15 = -1.15 x 100 = -115
2.10 indo odds would be 210 in american odds.
2.10 = 2.10 x 100 = +210
Odds Conversion Chart
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