What are odds? What role do they play in football betting?

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What are odds in online sports betting? How do odds relate to calculating winnings?
Understanding odds also means understanding how to calculate your potential winnings when betting on football. However, there are many different odds formats used by bookmakers. Players also need to have some basic knowledge to choose the most suitable betting options for themselves.
The following article will help you understand more about the concept and significance of odds in today's football betting.

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Understanding What Odds Are
Odds are considered as the exchange rate for payouts to players when they win their bets in football.
When participating in sports betting, players make predictions about the outcome of a match. Odds play a role in expressing the probability of how events in the match are likely to unfold, and they are represented by carefully calculated numbers. These odds can be expressed in fractional or decimal formats.
Fractional Odds
These odds typically look like: 1/1, 2/1, 9/1, etc. Players can calculate the odds of events happening with a simple formula: (%) = B / (A + B).
For example:
9/1 odds can be calculated as 1 / (9 + 1) = 0.10, which is equivalent to a 10% probability of the event occurring.
1/4 odds can be calculated as 4 / (4 + 1) = 0.80, which is equivalent to an 80% probability of the event occurring.
1/1 odds can be calculated as 1 / (1 + 1) = 0.50, which is equivalent to a 50% probability of the event occurring.
Decimal Odds
These odds typically look like 4.0, 2.5, or 1.25, among others. Many players find decimal odds easier to understand when betting.




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American Odds – US Odds
Characteristics include:
When Hong Kong odds are less than 1.00, American Odds are calculated as follows:
-1 / Hong Kong odds = -1 / 0.88 = -1.13
Winning Strategies for Betting
Regarding In-Play Betting
In-play betting, often referred to as "kèo Rung" by Vietnamese players, involves placing bets while a match is still in progress. This helps players minimize losses and avoid disadvantages that may arise from pre-match betting.
To engage in in-play betting, it's essential to have a stable and high-speed internet connection. Network errors have caused many inconveniences and even financial losses for players.
Identifying the Odds
Players can select matches where the bookmaker offers handicap odds of ≥ 1. If a match doesn't have these odds, it's best to skip it. Players should choose Over 1.0 goals for the first half, with odds at 1.1, 1.25, or 1.5, and place bets where the odds for the team winning are <100.
Consider External Factors
Even if you have a good understanding of the teams, players should also consider the latest developments and trends to monitor odds. This allows for more flexible adjustments.

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Conclusion
The question of what odds are has been answered in detail in this article. Regularly access articles to learn more about playing sports betting effectively.