What Are Odds? How to Read Betting Odds at Fun88

In football betting, odds are one of the most crucial pieces of information that bettors need to understand. But what exactly are odds in sports betting? What are the different types of betting odds commonly used today? Let's explore the details in this guide from win betting tips.

What Are Betting Odds?

Betting odds represent the payout ratio that a betdirect 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)

<p dir="ltr">Hong Kong odds are similar to European odds but have a slightly different display format.

<p dir="ltr">The odds value is always greater than 0.00.

<p dir="ltr">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):

<p dir="ltr">Winning calculation:

<p dir="ltr">If you lose, you forfeit the entire bet amount.

For negative odds (Indo Odds < 0):

<p dir="ltr">Winning calculation:

<p dir="ltr">Loss refund calculation:

Refund=Bet Amount&minus;(Bet Amount&times;∣MY Odds∣)\text<span class="marker">Refund</span> = \text<span class="marker">Bet Amount</span> - (\text<span class="marker">Bet Amount</span> \times |\text<span class="marker">MY Odds</span>|)Refund=Bet Amount&minus;(Bet Amount&times;∣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)

<p dir="ltr">Most commonly used in football betting.

<p dir="ltr">Unlike Hong Kong odds, Decimal odds already include both stake and winnings.

<p dir="ltr">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):

<p dir="ltr">Winning calculation:

<p dir="ltr">Losing results in losing the full bet amount.

Stages of Betting Odds During a Match

1. Open Odds

<p dir="ltr">These odds are released weeks or even a month before the match.

<p dir="ltr">For minor matches, they may be available 1-3 days before the game.

<p dir="ltr">Bookmakers set these odds based on team strength, recent form, coaches, home advantage, and weather conditions.

2. Live Odds

<p dir="ltr">These are posted one day before the match starts.

<p dir="ltr">Many bettors analyze and adjust their bets, so bookmakers modify the odds to maintain balance and maximize profits.

3. Running Odds

<p dir="ltr">Once betting is balanced, bookmakers update odds live as the match progresses.

<p dir="ltr">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 best soccer prediction app 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!