Guide on How to Read Football Odds for New Players
Guide on How to Read Football Odds for New Players
With the desire to help football betting enthusiasts have a smoother experience, especially new members who are joining online betting for the first time and are still unfamiliar with how to read football odds. In this article, we will share how to read football odds in the Sports section on the win tips online entertainment website. Let's start exploring what football tips are all about!
Understanding how to read football odds online is essential for any online bettor. Because when you enter the world of football betting, understanding how to view betting odds is crucial. Specifically, it is necessary to understand accurately and in detail. Only when you grasp this essential aspect can you proceed with placing bets. Football betting has become a type of game that attracts a lot of attention from players because the profits it brings can make you rich extremely quickly. Besides traditional betting types, nowadays, you can completely bet online. However, a question many people ask is whether betting on football online is safe. To answer this question, let's explore through the following article.
Important factors about football odds
When entering the world of football betting, the first thing you need to do is to understand the factors and rules commonly defined in most odds tables today. Besides, you also need to understand and update additional information such as: the time of the match, the names of the two teams participating in the match, and the types of odds on the bookmaker's odds table. Each player needs to pay attention to and understand the following important points:
The home team will be listed above, while the away team will be listed below.
If there is an additional symbol (N), it means the team is playing on neutral ground.
Some bookmakers use a symbol to mark the team in red. This means the bookmaker evaluates this team as stronger.
For columns showing odds: Handicap Betting, Over/Under (O/U), and 1×2. There are also odds tables with a ratio of 2 in 1.
Explanation of abbreviations on the bookmaker's odds table:
FT.HDP: Full-time Handicap. This is a type of Asian handicap for the entire match.
FT.O/U: Full-time Over/Under. This is a type of Over/Under bet for the entire match.
FT.1X2: Full-time 1×2. This is a type of full-time Asian handicap bet.
1H.HDP: First Half Handicap. This type of bet is called Asian handicap for the first half.
1H.O/U: First Half Over/Under. This type of bet is the Over/Under bet for the first half.
1H.1X2: First Half 1X2. This is a type of first-half Asian handicap bet.
How to read live Asian football odds
Reading live football odds
On the odds table, after determining the Asian handicap odds column and the 2 in 1 odds, players need to know how to read the odds in football betting as follows:
Draw odds
This type of bet is quite common for matches with little difference between the teams and a handicap ratio of 0.
It is similar to draw odds 1, draw 2. When players choose to bet on the upper team or the lower team, and that team wins, the player will win money. If the result is a draw, the player will get back the amount wagered.
Half ball draw odds (0 – 0.5; 1/4)
This type of bet means the upper team will give less than half a ball to the lower team. And usually, there will be a sign of 1/4 or 0.5. If the player chooses to bet on the upper team and that team wins, the player will win money, and vice versa.
In the case of both teams drawing, if betting on the upper team, half of the wager will be lost. If betting on the lower team, half of the wager will be won.
Half ball handicap odds (0.5; 1/2)
With this bet, the upper team will give half a ball to the lower team. However, there will be no refund in any case.
When players bet on the upper team and that team wins, they will win the amount according to the football ratio offered by the online bookmaker . If both teams draw, players who bet on the lower team will win the bet.
Half one handicap odds (0.75; 0.5/1; 3/4)
This type of bet requires the match to be won by a margin of 1 goal or more. When you choose to bet on the upper team, you need to note the following:
In the case of winning by a margin of 1 goal, you will win half the money wagered. If betting on the lower team, you will lose half of the wager.
In the case of winning by a margin of 2 goals or more, the upper team wins. If betting on the lower team, you will lose the bet.
In the case of a draw, betting on the upper team will lose money. Betting on the lower team will win the bet.
Is online football betting safe?
Legality of football betting
As mentioned above, football betting can help you become rich extremely quickly, so running a football betting business is considered a highly profitable form and is allowed to operate in many countries. Therefore, almost all leading what is a bookmaker in the world are headquartered in countries such as Malaysia, Hong Kong, Singapore, rather than Vietnam. This is because in Vietnam, in previous years, football betting was considered an illegal form of gambling.
However, as the market opens, playing professionally through football betting has been loosened by the state to attract investment in this potential market. Despite this, there are still somewhat strict regulations to limit inflation. According to a post from the Vnexpress electronic newspaper on March 2, 2017:
"From March 31, when Decree 06/2017/ND-CP takes effect, for the first time, business operations for betting on horse racing, dog racing, and international football are legalized, but participants and organizing units must comply with strict conditions. Because this is a conditional business activity, not encouraged for development, and must be closely controlled by competent state management agencies.
Accordingly, only eligible enterprises are allowed to operate betting businesses. After completing the investment registration procedures, enterprises must apply for a Certificate of eligibility for betting business.
For international football betting, the government will allow a business to pilot for 5 years. Enterprises piloting international football betting business must have a minimum charter capital of 1,000 billion VND and meet other regulations.
Vietnamese and foreign individuals must be 21 years old or older to participate in betting with a minimum of 10,000 VND and a maximum of one million VND per day for each product. Betting must take place at the authorized business location to be considered legal."
However, there is a fact that you need to know, which is that you can only bet on football matches within the framework of FIFA. Therefore, players will not be able to bet on matches in the top European leagues.
Issues with online betting
You should know that playing online betting means all your transactions are conducted online. Therefore, choosing a reputable bookmaker is the most important thing among trustworthy football betting sites because it will make all your bets much safer. Currently, some of the best reputable bookmakers on the market are 188BET, M88, K8, W88, KUBET, FB88...
Furthermore, it is crucial to recognize scam bookmaker betting in the market to ensure you avoid being deceived. Identifying such bookmakers is very simple; they may offer very attractive promotional tricks such as cash bonuses and ensuring high winning probabilities.
How to calculate online betting money
When viewing Asian football odds, we often see positive (0.82) and negative odds (– 0.97). So what do these numbers mean in terms of reading football odds?
Positive odds: If you bet on odds with positive odds, the Amount won = Wager * Positive odds. For example: if you bet 100k on a handicap (0 – 0.5) with odds of 0.89, if you win, you will win 89k. If you lose, you will lose the entire amount wagered.
Negative odds: If you bet on odds with negative odds, if you win, you will win 100% of the bet amount, and if you lose, the Amount lost = Wager * Negative odds. For example: if you bet 100k on a handicap (0-0.5) with odds of -0.97, if you win, you will win 100k. If you lose, the Amount lost = 100k * (-0.97) = 97k.
The above is information about online betting odds and basic instructions on how to read football odds on the sports product that the Wintips bookmaker supports. Hopefully, after this article, you will no longer be confused when participating in online football betting. Wish you always luck and big wins!