What Are Odds? How to Read Betting Odds at Fun88
In football betting,
odds are one of the most crucial pieces of information that bettors need to understand. But what exactly are odds in sports betting? What are the
different types of betting odds commonly used today? Let's explore the details in this guide from
https://wintips.com/.
What Are Betting Odds?
Betting
odds represent the
payout ratio that a
bookmaker online casino offers to a bettor when they
win a bet. Odds vary in format depending on the
region and the
type of bet.
Common Types of Odds at Fun88
1. Hong Kong Odds (HK Odds)
Hong Kong odds are similar to
European odds but have a slightly different
display format.
The
odds value is always greater than 0.00.
Formula to calculate winnings:
2. Indonesian Odds (Indo Odds)
Indonesian odds are converted from
Hong Kong odds and follow similar calculations:
For positive odds (Indo Odds > 0):
Winning calculation:
If you lose, you
forfeit the entire bet amount.
For negative odds (Indo Odds <0> 0):
Winning calculation:
Losing results in
losing the full bet amount.
Stages of Betting Odds During a Match
1. Open Odds
These odds are released
weeks or even a month before the match.
For minor matches, they may be available
1-3 days before the game.
Bookmakers set these odds based on
team strength, recent form, coaches, home advantage, and weather conditions.
2. Live Odds
These are posted
one day before the match starts.
Many bettors analyze and adjust their bets, so
bookmakers modify the odds to maintain balance and maximize profits.
3. Running Odds
Once betting is balanced, bookmakers
update odds live as the match progresses.
Odds continuously change throughout the game based on
team performance and betting trends.
Conclusion
This guide has explained
what odds are, the
different types of betting odds, and the
download soccer prediction app at Fun88. Understanding these odds is
essential for making informed bets in football betting.
We hope this article helps you gain valuable insights into football betting odds.
Good luck and happy betting!
