Guide on How to Read Football Odds for New Players
With the desire to help football bettors more conveniently, especially newcomers who are still unfamiliar with reading football odds, in this article, win tips will share how to read football odds in the Sports section on the online entertainment website. Let's start learning about football tips!
Understanding how to read football odds online is essential for any online bettor. When entering the world of football betting, grasping how to view betting odds is crucial. It is especially important to understand accurately and in detail. Only when you grasp this essential element can you proceed with placing bets. Football betting has become an increasingly popular form of entertainment, drawing a lot of interest from players due to the potential profits it can bring, helping you become wealthy very quickly. In addition to traditional betting forms, nowadays, you can completely participate in betting online. However, the question many people ask is whether online football betting 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 commonly specified in most current odds tables. Additionally, you also need to research and update information such as match times, the names of the teams participating, and the types of betting odds on the bookmaker betting board.
Each player needs to pay attention to and understand the following important points:
The home team will be written above, while the away team will be below.
In cases where there is an additional symbol (N), it indicates a neutral venue team.
Some bookmakers may use symbols to mark teams in red. This means that the bookmaker evaluates this team as stronger.
Regarding the columns showing the odds: Handicap Betting, Over/Under (O/U), and 1×2. Additionally, there are odds boards with 2-in-1 ratio scores.
Explanation of abbreviations on the bookmaker's odds board:
FT.HDP: Full-Time Handicap, a type of Asian Handicap bet for the whole match.
FT.O/U: Full-Time Over/Under, a type of Over/Under bet for the whole match.
FT.1X2: Full-Time 1×2, a type of full match handicap bet.
1H.HDP: First Half Handicap, a type of Asian Handicap bet for the first half.
1H.O/U: First Half Over/Under, a type of Over/Under bet for the first half.
1H.1X2: First Half 1X2, a type of first half handicap bet.
How to Read Asian Handicap Odds Online
On the odds board, after determining the Asian Handicap odds column and the 2-in-1 odds, players need to know how to read the odds in football betting as follows:
Draw bet
This type of bet is quite common for matches with little difference between teams, and it has a handicap ratio of 0.
It is similar to draw bets 1 and 2. When players choose to bet on the upper or lower team, if that team wins, the player will win money. If the result is a draw, the player will be refunded the amount of the bet.
Half-ball draw bet (0 – 0.5; 1/4)
This type of bet means that the upper team will give less than half a goal to the lower team. It is usually indicated by 1/4 or 0.5. If the player bets on the upper team and that team wins, the player will win money; otherwise, if both teams draw, the player will lose half of the bet if betting on the upper team and win half if betting on the lower team.
Half-ball handicap bet (0.5; 1/2)
With this bet, the upper team will give half a goal to the lower team. There will be no refund.
When players bet on the upper team and that team wins, the player will win according to the odds set by the online bookmaker. If both teams draw, players who bet on the lower team will win the bet.
Three-quarter-ball handicap bet (0.75; 0.5/1; 3/4)
This bet requires the match to win by a margin of at least one goal. If you choose to bet on the upper team, note the following:
If winning by one goal, you will win half the bet. If betting on the lower team, you will lose half the bet.
If winning by a margin of two goals or more, the upper team wins. If betting on the lower team, you lose the bet.
In 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; therefore, running a football betting business is seen as a highly profitable form, and many countries allow it to operate. Therefore, almost all leading what is a bookmaker worldwide are based in countries like Malaysia, Hong Kong, and Singapore instead of Vietnam. This is because in Vietnam, football betting was previously considered an illegal form of gambling.
However, when the market opened, playing professionally through football betting was relaxed to attract investment into this potential market. Despite this, there are still somewhat strict regulations to prevent inflation. According to an article from Vnexpress electronic newspaper on March 2, 2017:
"As of March 31, when Decree 06/2017/ND-CP takes effect, for the first time, business activities of horse racing, dog racing, and international football betting have been legalized, but participants and organizers must comply with strict conditions. Because this is a conditional business activity, not encouraged for development, and must be under strict control of state management agencies with authority.
Accordingly, only qualified enterprises are allowed to operate betting businesses. After completing the registration procedures, enterprises must apply for a Certificate of Eligibility for Betting Business.
For international football betting business, the Government will allow one company to pilot for 5 years. The company piloting the international football betting business 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 bet of 10,000 VND and a maximum of one million VND per day per product. Betting must take place at authorized locations 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 with Online Betting
You should be aware that playing online betting means all your transactions are conducted online. Therefore, choosing a reputable bookmaker is crucial, as it ensures your bets are much safer. Currently, some of the best reputable bookmakers in the market include 188BET, M88, K8, W88, KUBET, FB88, etc.
Additionally, it's crucial to recognize fraudulent bookmakers in the market to ensure you avoid being scammed. Identifying such bookmakers is straightforward; they often use attractive promotional tricks such as offering cash bonuses and guaranteeing high winning odds.
How to Calculate Online Betting Money
When looking at Asian Handicap odds, we often see both positive (0.82) and negative (–0.97) odds. So what do these numbers mean in terms of reading football odds?
Positive odds: If you bet on a type of odds with positive odds, your Winning Amount = Bet Amount * Positive Odds. For example, if you bet 100k on a (0 – 0.5) handicap with odds of 0.89, if you win, you will win 89k. If you lose, you will lose your entire bet.
Negative odds: If you bet on a type of odds with negative odds, if you win, you will win 100% of the bet amount, and if you lose, your Loss Amount = Bet Amount Negative Odds. For example, if you bet 100k on a (0-0.5) handicap with odds of -0.97, if you win, you will win 100k. If you lose, your Loss Amount = 100k (-0.97) = 97k.
Above are the information about online betting odds and basic guidelines on how to read football odds on the sports product that the Wintips bookmaker supports. Hopefully, after this article, you will no longer be confused when participating in online football betting. Wish you all the best of luck and big wins!