What is the meaning of football betting odds?

If you're a football enthusiast, you've probably come across football betting odds. Let's bookmaker 100 delve into these terms in-depth in this sidebar.

Football Betting Odds represent the probability of a specific outcome in a football match and determine the potential payout for a winning bet.

Odds are set by bookmakers and can be displayed in different formats, including Decimal, Fractional, and American odds.

Understanding betting odds is crucial because they help you evaluate the likelihood of an event happening and how much you can win based on your stake.

Explanation of terms in Asian Handicap betting

Handicap betting / odds in football betting: These are the odds set by the gaming platform for a match.

Handicap Bet: Also known as Asian Handicap, this is the Asian handicap betting odds.

ODDS: This is the conversion rate of betting money.

Above Bet: Betting based on the favored team, indicating the upper hand.

Under Bet: Betting on the team given a handicap, indicating the underdog.

Win Full: Winning the entire bet amount

Lose Full: Losing the entire bet amount

Win Half: Winning half of the bet amount

Lose Half: Losing half of the bet amount

HT (Half Time): The first half of the match

FT (Full Time): The entire duration of the match

ET (Extra Time): Extra playing time

PEN: Penalty kicks

Running Bet: Predicting while the match is in progress

Level Handicap, Draw (l/l): This is a draw bet, typically taken with full-game or half-time handicap bets.

The odds for this type are evaluated by the gaming platform to consider both teams as equally matched, without a favored or underdog team highlighted. On the betting board, both teams are not bolded like other betting odds.

¼ Bet: This is a 1/4 handicap bet, meaning if the match ends in a draw, the favored team loses half of the bet amount. Conversely, the favored team receives winnings based on the handicap if they win by at least one goal.

¾ Bet: If the match ends in a draw, the favored team loses all the bet amount. If they win by a one-goal difference, the favored team wins half of the bet amount based on the handicap. If the underdog team wins, they win the entire bet amount.

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Explanation of football betting terms Explanation of football betting terms

Explanation of European handicap terms Not as complex as Asian handicap rules, European handicap rules do not involve one team handicapping another.

When betting on a match, players only need to know whether it will win, lose, draw, or the over/under.

The team assessed as stronger will have lower winnings, and vice versa. Note: Handicap betting does not involve betting on specific scores.

Some terms in European play: 1×2 ratio: European handicap betting odds

1: Predicting the home team to win

2: Predicting the visiting team to win

x: Predicting a draw between the two teams

1x: Predicting the home team to win or draw

2x: Predicting the visiting team to win or draw

European handicap bets are calculated using European Odds (Decimal Odds)

Explanation of game betting terms Game terms in football betting sites uk

Tai (Over, O abbreviation): Players win the bet only when the number of goals scored in the match is greater than the predicted ratio set by the gaming platform.

Xiu (Under or Un, U abbreviation): Players win if the total number of goals in the match is less than the betting ratio set by the gaming platform.

Common Odds Formats:

Decimal Odds:

Common in Europe, Australia, and Canada.

Formula: Payout = Stake × Decimal Odds.

Example: If the odds are 2.50 and you bet €10, your total payout would be €25 (which includes your original stake).

2.50 odds mean you get €2.50 for every €1 you bet.

Fractional Odds:

Common in the UK and Ireland.

Represented as a fraction, e.g., 3/1 (three-to-one), where the numerator (3) shows how much profit you make, and the denominator (1) shows your stake.

Formula: Payout = (Stake × Fractional Odds) + Original Stake.

Example: If the odds are 3/1 and you bet £10, you will get £30 in profit plus your £10 back, for a total of £40.

American Odds (Moneyline Odds):

Common in the US, represented as either a positive (+) or negative (-) number.

Negative Odds (-): Shows how much you need to bet to win $100.

Positive Odds (+): Shows how much you win for every $100 bet.

Example:

-150: You need to bet $150 to win $100.

+200: You win $200 for every $100 bet.

Example of Football Betting Odds:

Match: Liverpool vs. Manchester United

Liverpool: 1.80 (Decimal) / 4/5 (Fractional) / -125 (American)

Draw: 3.60 (Decimal) / 13/5 (Fractional) / +260 (American)

Manchester United: 4.00 (Decimal) / 3/1 (Fractional) / +300 (American)

In this example:

Liverpool is the favorite. If you bet $100 on Liverpool at 1.80 odds (Decimal), your payout would be $180 ($80 profit plus your original $100).

Manchester United is the underdog. If you bet $100 on Manchester United at 4.00 odds, your payout would be $400 ($300 profit plus your original $100).

Draw: If you bet on a draw at 3.60 odds, a $100 bet would return $360.

These are some basic football betting terms. You can also check out 10 ways to learn soccer for beginners!