How to Calculate Winnings & Read Detailed Online Football Betting Odds
Calculating Winnings in Football Betting
Knowing how much you've won or lost is crucial when participating in betting. Nowadays, there are various methods to calculate football betting winnings based on the odds provided by bookmakers. These odds vary widely, so it's essential to understand them thoroughly to make suitable bets.
Key Terms for Calculating Betting Winnings in Football:
- Full Win: Winnings = stake x odds
- Half Win: Winnings = 1/2 x stake x odds + stake
- Full Loss: Loss = stake (complete loss)
- Half Loss: Loss = 1/2 x stake
Detailed Guide to Reading Online Football Betting Odds
There are three common types of betting odds nowadays: Asian Handicap odds, European odds, and Over/Under odds from reputable bookmakers. Specifically:
a) How to Read Asian Handicap Betting Odds
What is Handicap Betting? Also known as Asian Handicap betting, this type of bet is based on the odds from European bookmakers, with Asian bookmakers providing handicap bets specifically for players in Asia.
When choosing these odds, you can only bet on the favorite (higher odds) or the underdog (lower odds); there is fun88 review
- Odds 0 – 0: If the match ends in a draw, you get your stake back, regardless of betting on the favorite or the underdog. If there is a winner, the amount won or lost is calculated as stake x the specified odds.
- Odds 1/4: This is a quarter-ball handicap. If the match ends in a draw, those who bet on the favorite win. If there is a winner, those who bet on the winning team win.
- Odds 1/2: The underdog is given a half-goal advantage. There is no refund if the match is a draw. The outcome is either a win or a loss. If you bet on the favorite and they win, you get your winnings; otherwise, you lose.
- Odds 3/4: This is a three-quarter-ball handicap. For example, if you bet on Barca against Real and the score is 1 – 0, those who bet on Barca (the favorite) win half of their stake, and those who bet on Real (the underdog) lose half of their stake. To win fully, Barca must win by a margin of 2 goals or more.
- Odds 1.25: If you bet on the favorite and they win by only one goal, you lose half your stake. If they win by 2 goals or more, you win fully.
- Odds 1.5: This is a 1.5-goal handicap. If the match is a draw or ends 1 – 0, those who bet on the favorite lose their entire stake. If the favorite wins by a margin of 2 goals, the bet on the favorite wins.
- Odds 1.75: This is a 1.5 or 2-goal handicap. The favorite must win by a margin of 3 goals to win fully or win half the stake if the margin is 2 goals. If the match is a draw, the underdog wins the entire stake since the favorite is given a 2.5-goal handicap.
- Odds 2.25: For this bet, if the underdog loses by a 2-goal margin, the underdog wins half the stake, and the favorite loses half the stake.
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How to Read European Football Betting Odds
European odds, also known as 1×2 odds, are explained as follows:
1: Betting on the home team, and you win if the home team wins.
2: Betting on the away team, and you win only if the away team wins.
X: This represents a draw. If the bookmaker offers a handicap, you win if the match ends in a draw. Otherwise, you lose.
How to Read Over/Under Football Betting Odds
Over/Under betting (also known as Over – Under) involves predicting whether the total number of goals scored in a match will be higher (Over) or lower (Under) than the bookmaker's initial prediction. Essentially:
- If the match ends with a total of 2 goals, players who bet on Under win, and those who bet on Over lose. The 2.5 odds are popular among bettors.
- For 1/4 odds, if you bet on Over and the match ends with only 2 goals, you lose half your bet. But if an additional goal is scored, you win the bet.
- For 2 3/4 odds, which are tricky, betting on Over means you win half the bet if the match ends with 3 goals. However, if there are 3 or more goals, you get to participate in this bet.
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Conclusion
When betting, understanding how to read football odds and calculate potential winnings or losses after a match is crucial for bettors.
Football, being a globally beloved sport, attracts millions of fans worldwide. Engaging in football betting not only provides entertainment after stressful work hours but can also increase your income if you know how to bet wisely. If you are a beginner, consider choosing bookmakers that offer free bets to save on initial capital while gaining practical experience.