Soccer betting odds are always the top concern of online sports players. If you have no experience, take some time to learn right away. Odds represent the likelihood of an outcome and the payout amount. Therefore, understanding the types of odds and how to calculate them will help PHSKY bettors a lot.
Soccer betting odds formats you should know
There are three main odds formats used globally, including decimal odds, fractional odds, and Moneyline (American odds). Understanding these formats is essential as they can vary based on the region and online betting platform.
Decimal odds
Usually used in European regions (Canada or Australia). The decimal odds format is a number with a comma after it, such as 2.50. This number represents the total payout for each bet. For example, if you bet $10 on a match, your profit when you win is $25 (10 x 2.50).
Fractional Odds
Commonly used in European regions (UK). Fractional odds are in the form of dashes, such as 5/2 or 7/4. When converting to these odds, you should understand that the denominator represents the minimum bet and the 5 represents the profit. Adding the initial amount will give you the total amount that the bookmaker has to pay.
For example, if you bet $2, you will receive $5 in profit. So, the total amount that the bookmaker will pay back to the bettor is $7.
Moneyline Odds
Players should also learn about US football betting odds. They are usually formatted as positive or negative numbers, for example, +150 or -200. Positive odds represent the profit you receive when betting $100. For example, if you win, you will receive a bonus of $150. The total amount the bookmaker must pay you is $250.
With negative odds of -$200, you must spend a minimum of $200 to receive a positive profit of $100. Thus, the total amount the bookmaker must pay to the bettor will be $300. Among football betting odds, Moneyline is a bit more complicated.
Football betting odds in each match
The odds also show the likelihood of an event occurring. When looking at the odds, you should pay attention to this point to compare and contrast with your personal assessment.
Both teams to score (BTS)
The bookmaker will allow you to predict whether both teams will score in a match. For example, the bookmaker will give a rate of 1.91. Then, if you choose “No” and only one team scores, you will immediately receive a profit of $19.1 when you spend $10.
Full-time and half-time handicaps
Handicap is one of the most popular types of bets. If you participate, you will clearly see the bookmaker displaying the handicap level as ½, ¼, or 3/4,… Along with that are odds of 0.91; 0.83; 0.99,… Then you must implicitly understand that this is the profit the player receives when the upper/lower team wins.
Over/Under bets
Understanding football betting odds in Over/Under bets is not difficult. On the odds board, the bookmaker will give the total number of goals that can occur in the match, for example, 3 ¼, 2 ½, 1 ¼,… Then, next to these parameters will be the betting odds representing the profit the player receives when the Over or Under is drawn.
Factors affecting Soccer Betting Odds
Sometimes the odds will change for the following reasons:
Team performance
In the case of a player being injured and suspended, the odds will often fluctuate. The absence of an important member has made many strong teams worried. Bookmakers also rate them lower than in reality.
Competitive odds in the market
Each playground will often offer different odds for the same event. They do this to attract more participants and improve their position.
Team information or weather conditions
If before the match takes place, the bookmaker finds out a lot of new information about the official team lineup or weather conditions, they will adjust the football betting odds. A certain team will have a much higher advantage.
