Are you passionate about football? Do you want to participate in betting for entertainment? However, the betting odds board of bookmakers has many numbers and different symbols, making it difficult for you to understand clearly. Therefore, the following article will share a simple way to read football betting odds for new players. Let's follow along.
What is football betting odds?
Bookmakers offer players options to place bets on each team, called football betting odds. To make a profit, players must place bets and choose the most favorable odds. If you are new to betting, you need to learn how to calculate football betting odds and choose a reputable bookmaker to participate in betting.
Log in to your account on the bookmaker's website, select the match you want to bet on, and click on the betting odds for each match. Bookmakers usually offer complex and hard-to-remember types of betting odds, making it quite confusing. However, when you understand how to read football betting odds online, you will find it much easier.
Some information you need to know when reading odds:
Match: The matches and their scheduled times will be displayed in the football section, making it convenient for players to follow. You can proceed to place bets after choosing your preferred match.
Half: You can choose to bet on the first half or bet for the whole match.
Football odds: There are various types of betting odds offered by bookmakers for each match. For example:
Asian handicap: Also known as 1x2 betting. Players place bets on the match with three possible outcomes: win, draw, or lose. If you win, your winnings will correspond to the bet amount multiplied by the bookmaker's odds.
Asian handicap: Also known as the handicap or spread betting. It involves assigning a handicap to the favorite (or the team with the advantage) and the odds for that handicap.
Over/Under: Players participate in betting on the total number of goals scored by both teams in a match.
The simplest way to read football betting odds
Bookmakers offer multiple betting odds for a match for players to participate in betting. However, there are three types of betting odds that many people are interested in: Asian handicap, 1x2 betting, and Over/Under. Therefore, I will share with you how to read these three types of odds below.
How to read Asian handicap odds
Once you know how to view football betting odds, reading the Asian handicap odds will be very easy. In Asia, many players often choose the handicap or Asian handicap odds to participate in betting. Asian handicap odds will include the following handicap odds:
Handicap bet - Draw bet - Asian handicap bet (0-0)
The handicap bet, also known as the draw bet, usually occurs when the level of the upper team and the lower team is relatively equal. Therefore, there will be a handicap goal ratio of 0. The 0 handicap bet is similar to the draw bet of 1 or 2. With this bet, if you place a wager on the upper team or the lower team and that team wins, you will receive a payout. If it's a draw, the bookmaker will refund your bet.
Half goal handicap - 0-0.5 handicap - 1/4 bet
In this type of bet, the upper team will give a 1/4 goal handicap to the lower team. So, how is the outcome determined?
If the upper team wins, then if you bet on the upper team, you win the bet, and if you bet on the lower team, you lose the bet.
Conversely, if the upper team loses, then if you bet on the upper team, you lose the bet, and if you bet on the lower team, you win the bet.
If both teams end the match in a draw, then if you bet on the upper team, you lose half of the wager, and if you bet on the lower team, you win half of the wager.
Handicap 2.25 - Handicap from 2 to 2.5 goals
If the upper team wins by a margin of less than 2 goals, then if you bet on the lower team, you will win the full wager. If the upper team wins by a 2-goal margin, then the lower team will win half the bet and the upper team will lose half the bet. If the margin is 3 goals, the upper team wins the bet.
Similar to the 1.5 handicap or the 1.5 handicap split, for the upper team to win the bet, they must win by a margin of 3 goals or more. If they win by less than 3 goals or it's a draw, then if you bet on the upper team, you will lose or draw. In this case, there is no refund.
Handicap 2.75 - Handicap from 2.5 to 3 goals
In this handicap, the upper team will give a 1.75 goal advantage to the lower team. This means that the lower team will win the full bet if the upper team wins by a margin of less than 4 goals. If the margin is 3 goals, the upper team will win half the bet, and the lower team will lose half the bet. If the margin is less than 3 goals, the lower team wins the bet.
Reading the odds for European Handicap betting
European handicap, also known as 1x2 betting, originates from Europe and is used in matches where the two teams have relatively equal strength.
When participating in this type of betting, you don't need to pay attention to the number of goals scored or conceded in the match. Instead, you just need to determine which team is the home team and which team is the away team to predict the outcome as win, draw, or loss.
The formula for 1x2 is as follows:
1 represents betting on the home team: If the home team wins the match, you will win the bet.
2 represents betting on the away team: If the away team wins the match, you will win the bet.
X represents betting on a draw: If the match ends in a draw, you will win the bet.
Reading the odds for Over/Under betting
When participating in Over/Under betting, you only need to pay attention to the total number of goals scored by both teams at the end of the match. The bookmaker will provide specific numbers, and your task is to predict whether the actual number of goals scored will be higher (Over) or lower (Under) than the given odds.
Therefore, 'Over' means the total number of goals will exceed the bookmaker's odds, and 'Under' means the total number of goals will be lower than the bookmaker's odds. If the final result has more goals than the odds, then you win the bet if you placed it on 'Over,' and vice versa. Your chances of winning the bet are higher if you choose to bet on Over.
In this way, we have provided a simple guide on how to read football betting odds for newcomers. We hope that through this article, you now have a clear understanding of how to interpret betting odds effectively.