Guide to Reading Soccer Odds for New Players

With the desire to help soccer bettors have a smoother experience, especially for new members who are participating in online betting for the first time and may still be confused and unfamiliar with what betting agencies do to analyze soccer odds most accurately. Let's start learning what does a bookmaker do about soccer betting tips!

Understanding how to read soccer odds online is essential for any online bettor. Because when entering the world of soccer betting, understanding how to view betting odds is the most crucial thing. In particular, it needs to be understood accurately and in detail. Only when you understand this crucial aspect can you proceed with betting. Soccer betting has become an attractive form of entertainment that attracts a lot of attention from players because the profit it brings can help you become rich extremely quickly. Besides traditional betting forms, you can now completely bet online. However, the question that many people ask is whether betting on soccer online is safe. To answer this question, let's explore through the following article.

Important Factors About Soccer Odds

When entering the world of soccer betting, the first thing you need to do is to understand the factors and rules commonly defined in most of today's odds tables. Besides, you also need to understand and update additional information such as match times, the names of the two teams competing, and the types of odds on the bookmaker ratings board. Each player needs to pay attention to and understand the following important factors:

Home team will be written at the top, while the away team will be at the bottom. In case you see an additional symbol (N), it means the team is playing on a neutral ground.

Is Betting on Soccer Online Safe?

The Legality of Soccer Betting

As mentioned above, soccer betting can help you become rich very quickly, so doing business betting is considered a highly profitable form and is allowed to operate by many countries. Therefore, almost all the leading bookmakers in the world are based in countries like Malaysia, Hong Kong, Singapore rather than Vietnam. This is because in Vietnam, soccer betting was considered an illegal form of gambling in the past.

However, when the market opened, living by betting on soccer was loosened by the state to attract investment in this potential market. Although there are still some somewhat strict regulations to limit inflation. According to a quote from an article in Vnexpress electronic newspaper on March 2, 2017:

For international soccer betting business, the government will allow a company to be allowed to pilot for 5 years. The experimental company betting on international soccer matches must have a minimum charter capital of VND 1,000 billion and meet other requirements.

Vietnamese and foreign people must be 21 years of age or older to participate in betting with a minimum of VND 10,000, maximum of one million dong per day for each product. Betting must take place at the right business point allowed to organize to be considered legal."

However, there is one fact that you need to know is that you will only be able to bet on soccer matches within the framework of FIFA. Therefore, players will not be able to bet on matches in the top leagues in Europe.

Issues when playing online betting

You need to know that playing online betting means all your transactions will be done online. Therefore, choosing a reputable bookmaker is the most important thing in the most reputable soccer betting sites because accordingly, all your betting transactions will be much safer. Currently, some of the best reputable bookmakers on the market include 188BET, M88, K8, W88, KUBET, FB88...

Moreover, one important thing is that you need to recognize the fraudulent bookmakers on the market to ensure that you avoid being scammed. Recognizing such bookmakers is extremely simple, it could be very attractive promotional tricks such as cash rewards, and ensuring high winning odds...

How to Calculate Online Soccer Betting Money

When looking at Asian Handicap soccer odds, we often see both positive (0.82) and negative odds (– 0.97). So what do these numbers mean in terms of how to read soccer odds?

Positive odds: If you bet on odds with positive odds, then the Amount won = Bet Amount * Positive Odds. Example: 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 odds with negative odds, then if you win, you will win 100% of the betting amount, if you lose, the Amount lost = Bet Amount * Negative Odds. Example: you bet 100k on a handicap (0-0.5) with odds of – 0.97, if you win, you win 100k. If you lose, the Amount lost = 100k * (- 0.97) = 97k.

Above are some information about online soccer betting odds and basic instructions on how to read soccer odds on the sports product that Wintips new online bookmaker are currently supporting. Hopefully, after this article, you will no longer be confused when participating in online soccer betting. Wish you always good luck and big wins!