Cracking the Odds Code: Unveiling Six Sports Betting Types

Hong Kong odds are a common form of betting, mainly used in Hong Kong and Macau. The odds do not include the stake, and players do not need to convert any odds. The odds directly represent the profit players can get if their bet wins.

Assuming a bet of $100:

• Odds 0.40

Profit: $100 * 0.40 = $40
Payout: $100 + $40 = $140

• Odds 4.00

Profit: $100 * 4.00 = $400
Payout: $100 + $400 = $500

Decimal odds are mainly used in Asia, Europe, Australia, New Zealand, and Canada. They are also known as European odds or international odds. These odds represent a calculation that includes both the stake and the profit. For example, odds of 2.5 mean that if you bet $1 and win, you get $2.5 in total, resulting in a net profit of $1.5.

Assuming a bet of $100:

• Odds 1.40

Profit: $100 * (1.40-1) = $40
Payout: $100 * 1.40 = $140

• Odds 5.00

Profit: $100 * (5.00-1) = $400
Payout: $100 * 5.00 = $500

Fractional odds are commonly seen in the UK and Ireland, also known as British odds or traditional odds. They are most common in horse racing betting. These odds do not include the stake but only calculate the profit. For example, odds of 4/1 mean that if you bet $1 and win, you get a profit of $4, resulting in a total of $5.

Assuming a bet of $100:

• Odds 2/5

Profit: $100 * 2/5 = $40
Payout: $100 + $40 = $140

• Odds 4/1

Profit: $100 * 4/1 = $400
Payout: $100 + $400 = $500

American odds, also known as Moneyline, are prevalent in the United States. These odds do not include the stake and are represented with positive and negative values. Positive odds indicate the potential profit on a $100 bet, while negative odds represent the amount needed to bet to win $100.

Assuming a bet of $100:

• Odds -250

Profit: $100 * 100/250 = $40
Payout: $100 + $40 = $140

• Odds +400

Profit: $100 * 400/100 = $400
Payout: $100 + $400 = $500

Converting American Odds to Decimal Odds (European Odds):

• For negative odds, divide 100 by the absolute value of the odds and add 1
  Example: -250, 100/250 + 1 = 0.4 + 1 = Decimal Odds 1.4
• For positive odds, simply divide the odds by 100
  Example: +400, 400/100 = Decimal Odds 4

Indonesian odds do not include the stake. Positive Indonesian odds show the potential profit per betting unit, while negative odds indicate the betting amount required to win one profit unit.

Assuming a bet of $100:

• Odds -2.50

Profit: Bet amount x (1/odds) = $100 * (1/2.5) = $40
Payout: $100 + $40 = $140

• Odds 4.00

Profit: $100 * 4.00 = $400
Payout: $100 + $400 = $500

If Hong Kong odds are less than 1.00, e.g., 0.9 (Hong Kong odds): Then Indonesian odds = -(1/Hong Kong odds) = -1.11, meaning to win $100, you need to bet $111. If successful, the return amount includes the bet amount and profit.

Malay odds are common in Malaysia and Singapore. They do not include the stake. When positive (Hong Kong odds less than 1.00), the profit formula is the same as Hong Kong odds. If the Hong Kong odds are greater than 1.00, it displays as a negative number. It represents the number of chips you need to bet to win one unit.

Assuming a bet of $100:

• Odds 0.4

Profit: $100 * 0.40 = $40
Payout: $100 + $40 = $140

• Odds -0.25

Profit: $100 * 1/0.25 = $400
Payout: $100 + $400 = $500

If Hong Kong odds are greater than 1.00, e.g., 2.33 (Hong Kong odds): Then Malay odds = -(1/Hong Kong odds) = -(1/2.33) = -0.43, meaning to win $100, you need to bet $43. If successful, the return amount includes the bet amount and profit.