What Are Odds in Betting? The Most Accurate Way to Calculate

Nowadays, besides watching football matches for entertainment, many fans have participated in betting. Especially in the recent big football tournament, World Cup 2022, the phrase “odds” is mentioned a lot. To understand more about what football odds are? How to calculate the most accurate score? Let’s find out now!

What are football odds?

Football odds (Betting odds, bookmaker odds, bookmaker odds) are the odds for football teams offered by the bookmaker. When the match takes place, the player predicts the winning team and the dealer will give suggested odds for the player to refer to and choose. This is a commonly used term when playing football betting.

Usually, odds in betting will be updated about 1 week before the match takes place. This is a suitable time for players to research, study and choose the appropriate odds.

In order to be able to offer attractive odds in betting, for large and reputable bookmakers, there will be a separate team of staff specializing in analyzing matches and giving odds in betting. For small-scale bookmakers, they often buy data from large sports units. However, the more attractive the odds, the more dangerous it will be.

Some popular football bets

There are many different football odds, below are details about the most common bets:

1h handicap

1h handicap is the first half, this bet will be based on the strength and form of the playing team to list the results. When players participate, they can choose the top or bottom odds in betting to bet. The first half handicap will be more positive, easier to place and get good results.

Handicap 1.25

Handicap 1.25 (1 ¼ handicap, 1 and a half left handicap) is a handicap applied if the strength between the two teams in the match is clearly different. Here are some specific cases:

• When a player bets on the top door and that team wins by 1 goal => The person who chooses the top bet loses half of the bet, the person who chooses the bottom bet wins half of the bet.
• When the player bets on the top door and that team wins by 2 goals or more => The player wins the bet and gets all the bets, the person who chooses the bottom bet will lose all the money that has been bet.
• When the match ends in a draw or the bottom team wins regardless of the score => The person who chooses the top bet loses all the bets, the person who chooses the bottom bet will win

Odds 1×2

1×2 odds in betting are the most popular type of football bet today, often referred to as 3-way betting. This form of betting is widely used in the Americas and Europe. Players will participate in betting at the doors such as: win, lose, draw. Where:

• 1: Home win
• X: The draw of the match
• 2: Away win

Football handicap

Football handicap is a bet offered by the dealer to create a balance between the bottom door and the top door. The handicap will correspond to the number of handicap goals, creating a balance between the two teams.

Because the handicap is for the top team, if the handicap is higher, it shows that the strength between the two teams is very different and vice versa if the strength between the two teams is balanced. The number of handicaps will be small, not much difference.

Usually there will be 2 types of handicap, which is the money handicap will be used first, until the odds of the two teams are too different, the house will start to switch to the left handicap, to be able to balance the bet.

Exact score bet

The exact score bet is a bet where the player will predict the exact final score of the match. Rated as the most difficult bet to win at the dealer, but when you predict correctly, the reward is very large.

Before the match, the house will give data about the score of the match such as: 0-0, 0-1, 1-0, 1-2, 2-1,… Players will choose, the lowest odds Usually X3, X4 of the bet, depending on each choice, the reward for you will change.

How to calculate odds in betting

When placing a bet, whether you win or lose, you need to know how to calculate the odds correctly. There are many different ways to calculate based on the odds from the dealer. Here are the betting terms you can refer to:

Win enough

Winning bet = principal x odds

Win half money

Winning bet = 1/2 x principal x odds + principal

Lose enough

Lost bet = Bet amount (lose all)

Lose half money

Lost bet = 1/2 x principal

Above is the information revolving around the content of what football odds are? Some popular football bets. LODIBET hopes that it has provided useful information so that interested readers can follow and grasp it. Come to it when you want to entertain, but remember not to get too caught up in it!