Understanding Betting Odds: How to Read and Interpret Odds at Fun88
In football betting, understanding odds is essential for making informed wagers. But what exactly do odds represent in sports betting, and what are the most common types used today? In this detailed guide from WinTips, we’ll break down everything you need to know to read and interpret betting odds at Fun88 effectively.
What Are Betting Odds?
Betting odds represent the payout ratio that a best asian bookmaker 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):
Winning calculation:
Loss refund calculation:
Refund=Bet Amount−(Bet Amount×∣MY Odds∣)\textRefund = \textBet Amount - (\textBet Amount \times |\textMY Odds|)Refund=Bet Amount−(Bet Amount×∣MY Odds∣
3. American Odds (US Odds)
Also known as Moneyline odds, American odds are derived from Hong Kong odds.
4. European Odds (Decimal Odds)
Most commonly used in football betting.
Unlike Hong Kong odds, Decimal odds already include both stake and winnings.
Always greater than 1.00 and usually displayed in the 1X2 market, correct score bets, and parlay bets.
5. Malaysian Odds (Malay Odds)
Malaysian odds (MY Odds) resemble European odds but function similarly to Indonesian odds, with both positive and negative values.
For positive odds (MY Odds > 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 risk soccer prediction 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!