Guide to Analyzing Football Odds Every Player Should Know
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When it comes to online betting, in addition to the usual betting options, bookmakers allow players to make changes while the match is ongoing. This feature helps players avoid excessive losses during a game. To successfully bet
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using this option, players need to understand how to analyze the football odds of the match. But what exactly are football odds? Let’s dive into this in more detail in the article below.
1. Football Betting Is a Dangerous Addiction
We all know that substances like heroin, ecstasy, and other drugs are extremely addictive and harmful to human health. However, what many people fail to realize is that football betting can be just as addictive and destructive—if not more so—than these dangerous substances.
Numerous scientific studies have shown that betting, especially on football matches, stimulates the human brain in ways similar to addictive substances. When someone wins a bet, they experience a powerful sense of euphoria—much like the high associated with drug use. This feeling of excitement and satisfaction can last for a long time, drawing the bettor deeper into the habit.
On the flip side, losing a bet often leads to intense feelings of disappointment, depression, and panic. In extreme cases, bettors experience psychological symptoms akin to those of drug addicts when they can't get their fix. There have even been tragic incidents where individuals took their own lives after suffering significant losses in football betting.
One of the most dangerous aspects of football betting is that it preys directly on passion. Most people who place bets on football matches are passionate fans of the sport. According to several studies, this emotional investment is a major reason why addiction to football betting is often even harder to overcome than other forms of gambling. The emotional attachment to the game makes people believe that they have an edge, which keeps them coming back, even after repeated losses.
For this reason, the best course of action is to completely avoid this form of gambling. What starts as entertainment can quickly
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turn into a life-consuming obsession.
What Are Football Odds?
Football odds are an essential concept in online football betting. They represent the rate at which a bookmaker converts the amount staked into winnings for the player when they win the bet. Odds are typically displayed alongside betting odds for various types of wagers, in different formats. This gives players the flexibility to choose their preferred currency for payout by the bookmaker.
Reputable bookmakers usually offer five types of football odds: European Odds, Hong Kong Odds, Malay Odds, Indo Odds, and American Odds.
European Odds (Decimal Odds)
European Odds show both the stake amount and the potential winnings for the player. It’s crucial to distinguish between how European Odds are read and the concept of European Odds itself as they are quite different. Typically, European Odds are always greater than 1.00. To calculate the return from European Odds, the formula is:
Return = Stake x European Odds
Naturally, if you lose the bet, the stake
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you initially placed will be forfeited.
Example: If you bet $100 with an odds of 1.5, the amount you will win after a successful bet is $100 x 1.5 = $150.
Hong Kong Odds (HK Odds)
When reading Hong Kong Odds, the format differs from European Odds. With Hong Kong Odds, players will see only the potential winnings, not the stake amount. The values are also greater than 0.0. The formula for calculating the winnings with Hong Kong Odds is:
Return = Stake + (Stake x Hong Kong Odds)
In the event of a loss, the player will lose the entire amount of their stake.
Example: With a $100 stake and HK Odds of 1.5, your total return would be $100 + ($100 x 1.5) = $250 if you win.
Malay Odds (MY Odds)
Malay Odds are similar to European Odds, as they include both the stake and the winnings. However, the key difference is that Malay Odds can display both positive and negative values. This results in two possible scenarios for calculating returns. You can also use specialized odds software to gain a deeper understanding of this type.
If the odds are positive, the formula for calculating the winnings is:
Return = Stake + (Stake x Malay Odds)
If the odds are negative, the formula changes to:
Return = (Stake x Malay Odds) + (Stake x 1.00)
When the player loses, the initial stake is subtracted.
Example 1: With a stake of $100 and positive odds of 1.5, the winnings are calculated as: $100 x 1.5 = $150.
Example 2: With a stake of $100 and negative odds of -0.7, the return for a win would be: ($100 x 0.7) + ($100 x 1.00) = $170. In case of a loss, the amount received is: $100 + ($100 x -0.7) = $30.
Indo Odds (Indonesian Odds)
Indo Odds also display both positive and negative values, similar to Malay Odds. However, Indo Odds are only displayed with values greater than 1.00. The calculation method follows the same principles as Malay Odds, as explained above.
American Odds (US Odds)
American Odds are based on the odds of Hong Kong. In this format, there are two possible scenarios:
If the Hong Kong Odds are less than 1.00, the American Odds are calculated as:
American Odds = -1 / Hong Kong Odds
Example: With a Hong Kong Odds of 0.7, the American Odds would be calculated as:
-1 / 0.7 = -1.42.
If the player places a $100 bet and wins, they would win: $100 x 0.7 = $70. In the case of a loss, they would lose $100 x 1.42 = $142.
If the Hong Kong Odds are greater than 1.00, the player’s return is calculated as usual:
Return = Stake x Odds. For example, with a stake of $100 and odds of 1.3, the return would be: $100 x 1.3 = $130. If the player loses, they lose their entire stake.
In summary, this guide provides all the information you need to understand how to analyze football odds, which is crucial for anyone engaging in online football betting. We hope the details above help you better understand football odds and apply this knowledge to your betting strategies.
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