Extremely standard Odds betting formula and Odds classification guide

In the age of modern technology, the number of online football betting players is also increasing. To be able to fully experience and win all forms of house betting on the market, you need to understand the concept of Odds ratio and how to read the odds correctly on 22Bet GH.
Odds are the specific odds that the player’s house receives when participating in each different house’s match. In order to give the odds that the house Odds are suitable for the majority of players, the bookie had to dedicate themselves to studying the game and the 

What are Odds?

In addition, players must also accumulate certain knowledge and understanding of the odds before deciding to bet reasonable money on each type of Odds.

The common types of Odds will be introduced in detail below:

• European Odds (Decimal Odds)
  European Odds are usually applied to European markets, parlay bets, and score bets. Odds European Odds more than 1 and calculate winnings = initial stake x European Odds.
• Odds Hong Kong (HK Odds)
  Odds Hong Kong is widely available and are usually higher than 0. When winning, the player will receive the bonus amount: = Initial Bet + (Bet x Hong Kong Odds).
• Malay Odds (MY Odds)
  Malay Odds has two ways of calculating them depending on the situation of negative or positive numbers:
  • Negative number: Money received on winning = (Bet x odds 1.00) + (Bet x Malay Odds). If you lose, you will lose the sum = Initial bet + (Bet x Malay Odds).
  • Positive number: Winnings = Bet + (Bet x Malay Odds). If you lose, the dealer will take your original bet back.

• Indo Odds (Indo Odds)
  Odds Indo winnings will depend on different positive and negative numbers:
  • Negative number: Money received by the winner = Total (Original stake / |Odds|)) and stake. And the losing money will be equal to |Odds| multiplied by the bet.
  • Positive number: Winnings = (Bet X Odds) + stake. If you lose, you lose your original bet.

• US Odds (US Odds)
  The American Odds have the same calculation as the Hong Kong Odds above. The specific formula is to divide -1 by Hong Kong odds, = -1/0.78 < 1.00. Each match will have three main stages for players to bet on the house, including: Open Odds, Live Odd and Running Odds.

Experience the odds in football betting

In order to bet on Odds to reduce losses and increase your chances of winning, you must follow the following basic rules.

• Search for team information and the type of football odds that the house you intend to bet on offers.
• Calculate the winning percentage to come up with contingency plans.
• Come up with a personal strategy after playing many types of Odds.
• Bet the amount that suits your financial situation.
• Do not place heavy emphasis on winning and losing and “burning” money playing without stopping.
  

Basically, Odds is a subject that combines many factors, including intelligence, sharp thinking ability, and “God’s luck”. Think of betting as moments of entertainment; don’t put too much emphasis on winning or losing, you will relax your mind and even increase your chances of winning.

Conclude

Hopefully, after reading the above article, everyone has somewhat understood the concept of Odds and a simple but highly effective way of betting on the house. Apply the valuable experience gained to participate in lucky and successful football betting.