Guide on How to Read Football Odds for New Players
With the desire to help football betting enthusiasts, especially new members who are new to online betting and are still confused and don't understand how to read football odds. In this article, we will share how to read football odds in the Sports section on the online entertainment website Wintips. Let's start exploring football tips with wintips !
Reading online football odds is essential for any online bettor. When entering the world of football betting, understanding how to view betting odds is crucial. Especially, it is necessary to understand accurately and in detail. Only when you grasp this essential aspect can you proceed with betting. Football betting has become an increasingly attractive form of entertainment for players due to the profits it can bring, helping you become wealthy very quickly. Besides traditional betting forms, you can now also bet online. However, many people wonder if betting on football online is safe. To answer this question, let's explore through the following article.
Important Factors About Football Odds
When entering the world of football betting, the first thing you need to do is understand the factors and rules generally defined in most odds tables today. Additionally, you also need to understand and update information such as: match times, names of the two teams participating, and the types of bets on the bookmaker's odds table.
Each player needs to pay attention to and understand the following important points:
The home team will be listed above, while the away team will be listed below.
If you see the symbol (N), it means the team is playing on neutral ground.
Some bookmaker use symbols to mark the name of the stronger team. This means the bookmaker evaluates this team as stronger.
For columns showing odds: Handicap, Over/Under (O/U), and 1×2. Additionally, there are odds tables with 2-in-1 ratio scores.
Explanation of abbreviations on the bookmaker's odds table:
FT.HDP: Full-time Handicap.
FT.O/U: Full-time Over/Under.
FT.1X2: Full-time 1×2.
1H.HDP: First Half Handicap.
1H.O/U: First Half Over/Under.
1H.1X2: First Half 1X2.
How to Read Live Asian Handicap Football Odds
On the odds table, after determining the Asian Handicap odds column and the 2-in-1 ratio odds, players need to know how to read the odds in football betting as follows:
Level Handicap Odds
This type of bet is quite common for matches with minimal differences and has a handicap ratio of 0. It's similar to the Draw 1, Draw 2 odds. When players choose to bet on the upper or lower team, if that team wins, players will win money. If the result is a draw, players will be refunded the bet amount.
Half Left Draw Odds (0 – 0.5; 1/4)
This type of bet means the upper team will give a handicap to the lower team of less than half. And there will often be symbols like 1/4 or 0.5. If players bet on the upper team and that team wins, players will win money; vice versa.
In the case of both teams drawing, if players bet on the upper team, they will lose half of the bet amount. If players bet on the lower team, they will win half of the bet amount.
Half Left Handicap Odds (0.5; 1/2)
With this bet, the upper team will give a half-goal handicap to the lower team. However, there will be no refund.
When players bet on the upper team and that team wins, players will win money according to the football ratio offered by the online bookmaker. If both teams draw, players who bet on the lower team will win the bet.
Half One Bet Odds (0.75; 0.5/1; 3/4)
This type of bet requires the match to be won by a difference of at least 1 goal. If you choose to bet on the upper team, note the following:
If you win by a difference of 1 goal, you will win half the amount. If you choose to bet on the lower team, you will lose half of your bet.
If you win by a difference of 2 goals or more, the upper team wins. Betting on the lower team will lose the bet.
In the case of a draw, betting on the upper team will lose the bet. Betting on the lower team will win the bet.
Is Online Football Betting Safe?
The Legality of Football Betting
As mentioned above, football betting can help you become wealthy very quickly, so running a football betting business is considered a highly profitable form and is allowed to operate in many countries. Therefore, almost all leading bookmaker meaning in the world have headquarters in countries like Malaysia, Hong Kong, Singapore, rather than Vietnam. This is because in Vietnam, football betting was considered illegal gambling in previous years.
However, when the market opened, playing football betting was loosened by the government to attract investment into this potential market. Nevertheless, there are still somewhat stringent regulations to limit inflation. According to an article by Vnexpress electronic newspaper on March 2, 2017:
"Starting from March 31, when Decree 06/2017/ND-CP takes effect, for the first time, horse racing, dog racing, and international football betting businesses will be legalized. However, participants and organizing units must strictly comply with conditions. Because this is a conditional business activity, not encouraged for development, and must be under strict control of competent state management agencies.
Accordingly, only qualified enterprises are allowed to operate betting businesses. After completing the investment registration procedures, enterprises must apply for a Certificate of eligibility for betting business.
For international football betting businesses, the Government will allow a trial for one enterprise in 5 years. The trial enterprise for international football betting must have a minimum charter capital of 1,000 billion VND and meet other regulations.
Vietnamese and foreigners must be at least 21 years old to participate in betting with a minimum of 10,000 VND and a maximum of one million VND per day for each product. Betting must take place at authorized betting venues to be considered legal."
However, there is a fact that you need to know, which is that you can only bet on matches within the framework of FIFA. Therefore, players cannot bet on matches in the top European leagues.
Issues when Playing Online Betting
You need to know that playing online betting means all your transactions are done online. Therefore, choosing a reputable bookmaker is the most important thing among reliable football betting sites because your betting will be much safer. Currently, some of the best reputable bookmakers in the market are 188BET, M88, K8, W88, KUBET, FB88…
Another important thing is that you need to recognize fraudulent bookmakers in the market to avoid being scammed. Identifying such bookmakers is extremely simple; they may offer very attractive promotional tricks such as cash bonuses and ensure high winning odds…
How to Calculate Online Betting Odds
When viewing Asian Handicap football odds, we often see both positive (0.82) and negative odds (– 0.97). So what do these numbers mean in reading football odds?
Positive odds: if you bet on a type of odds with positive odds, then the Winning amount = Bet amount * Positive odds. For example: if you bet 100k on a handicap (0 – 0.5) with odds of 0.89, if you win, you will win 89k. If you lose, you will lose the entire bet amount.
Negative odds: if you bet on a type of odds with negative odds, then if you win, you will win 100% of the bet amount, if you lose, the Loss amount = Bet amount * Negative odds. For example: if you bet 100k on a handicap (0-0.5) with odds of –0.97, if you win, you will win 100k. If you lose, the Loss amount = 100k * (–0.97) = 97k.
The above is information about online betting odds and basic instructions on how to read football odds on the sports product supported by the Wintips bookmaker. Hopefully, after this article, you will no longer be confused when participating in online football betting. Wish you always good luck and big wins!
