If you are new to sportsbook betting in Singapore, you need to learn how Asian betting football odds work. When it comes to betting on sports, the odds represent the ratio between the amounts staked by parties to a bet. Besides, it also allows you to understand the likeliness of an event to happen. Odds also help you to identify your chances of winnings. In this article, we will help you how to understand Asian betting odds and how it works.
Asian Betting Odds: Asian Handicap
Asian Handicap is an advanced betting type and is used across many sports. Likewise, Asian Handicap balances the odds of two teams by offering to even out the scoreline. Asian handicap is done by posing a handicap on a team by “subtracting from” or “adding to” their tally in the final goals.
A lot of punters choose Asian betting odds. It is because you can win your stake back if a team does not exceed or fall from the handicap mark.
How does Asian handicap work?
Sports bookmakers created the Asian Handicap to provide balance in an uneven match-up. As a matter of fact, it gives punters more chances to follow a 1/2 model of betting.
Asian Handicap Betting
Any football game that sees the Asian Handicap at O means that the game is between two evenly matched teams. And in Asian betting odds, the team you wager on needs to win, so that you will win also. Since this type of soccer betting takes the draw out of the equation, if the team’s tie, your bet will be refunded. Aside from Asian handicap betting, there are other betting odds that you should be aware of.
How do betting odds work?
Whether you plan to gamble in a casino or sports, understanding the football odds is important. Remember that you are dealing with money. And would be foolish if you place a bet without a good grip on the main types of betting odds.
Comprehensive Guide to betting odds – Football Odds Types
American Odds (Money line Odds)
These betting odds are most popular in the United States. And it works differently for favorites and underdogs.
Betting on favorites works by showing how much money you would have to bet to win the amount. Together the odds to win the game are usually written down with a “-” sign. This sign indicates the amount you need to bet to win $100.
To show, let’s say that The Miami Dolphins are favorites to win this Thursday’s game at -120 odds. In like manner, you can place a successful bet of $120 on them. And it also means you will receive $100 winnings and receive your original bet as well. To sum up, you’ll receive a total payout of $220.
And when you are going to bet on an underdog, the positive number represents how much a better would win if you risk $100.
To show, let’s say the Buffalo Bills are the underdogs on Sunday’s game at +240 odds. And you wager $100 on them. By the same token, if the team wins, you will yield $240 winnings plus your original bet.
Likewise, this is how sports betting goes when you are using American odds.
UK/British Odds (Fractional Odds)
This type of betting odds is often used in horse racing. By the same token, betting odds quote the net total that will be paid out to the bettor if they win.
To show, if you are going to wager on Manchester United with the odds of 1/5. Moreover, you will get a payout of just $1 for every $5 that you bet. So if you win, you will take home a total payout of $6 for your bet of $5.
To further explain, here is a sample computation:
Let’s say Bournemouth is 5/1 vs Manchester United is 1/5
And you Bet $20 on Bournemouth.
You Win $100 (20 x 5=100).
Moreover, you also get your $20 bet back.
You will get a total payout of $120.
European Odds (Decimal Odds)
These types of odds are pretty popular in Australia, Europe, and Canada. Among the type of betting odds, decimal odds is the easiest format to understand. Furthermore, most online Sportsbooks offer the option of displaying decimal odds. When you are looking at decimal odds, the figure estimate will be the exact amount that you will get if you win. These European odds are equal value to the decimal value of the UK odds plus one.
To further discuss, here is an example:
German Football Team with 2.0.
You Bet $100 on the German Football Team.
Likewise, you will win $200 (2.0×100=200).
You will get a total payout of $200.
What is probability in sports betting?
In sports betting, probability helps you to predict the outcome of the game. And you can use the betting odds to calculate the probability of the winning team.
For an instant, you have a 1/4 odds. And compute it in the equation of:
Probability (%) = B/(A+B); A=1; B=4;
Then, there is an 80% chance that your chosen team will win.
So now that you know how to compute the probability, let’s now discuss what push is.
Different Bets You Can Make in Sports Betting
- You can choose different types of bets when wagering on a sports betting site.
- The Moneyline in Sports Betting
- You make a bet on a team to win a game with odds set by a Sportsbook.
The over/under betting:
This is one of the most popular betting options where the winning team is not important. What matters is the combined final score of the game. Let’s say the sports betting site set the Over/Under at 31.5. Then you can wager whether the total score will be more or less than 31.
The spread betting:
This is one of the most known forms of wagering. In a point spread, it will usually add half a point to each number. This is done to help even out the gap between the favorite and the underdog.
In a parlay bet, you can get to wager on two or more games to create bigger payouts. And you have to win every bet in that parlay to make cash in.
What is Push-in sports betting?
Push is not technically related to odds but can affect the money line. So if you are a newbie in sports betting, you should be aware of how push works. When the game ends in a tie, the push is the outcome that you can bet on. But before wagering on a push, you need to consider the probability of a push against the spread.
And if a push occurs in a game, you can get to refund of your money. In other words, your bet is not weighed up as a win or lose.
Are you ready to make a wager in your favorite sport? Now that you have understood betting odds work, it’s time for you to try your luck on Asian betting odds.
Asian Betting Odds FAQs:
When it comes to Asian betting odds, there is no better type. Betting odds will help you to understand the likeliness of an event to happen. As well as it helps in identifying your chances of winnings.
You don’t have to worry, there are many odds converters available online. And most of the time, online betting sites will give you the option to choose which type of odds you are going to use.
Decimal odds are easier to use and are most commonly used by bookmakers these days.