What is a football betting odd?

Football betting odds are the most commonly used term in football betting, especially in online betting. Simply put, football betting odds are a form of assessing the strength, odds, and winning chances of the teams in a match set by the bookmakers.

More specifically, when players participate in the betting market, for example, in a football match between Manchester United and Liverpool, the bookmakers, in their own way (using a team of 1/1 odds analysis, buying insider information, using AI, prediction computers, etc.), will calculate and offer various football betting odds depending on the match.

In simple terms, football betting odds are created by the bookmakers, and our job as players is to place bets on these matches based on our judgment. Depending on the size of the bookmaker, the number of football betting odds in a match can be more or less.

Currently, for a standard football match, when players place bets at any bookmaker, they will encounter the most basic types of football betting odds, such as:

 

European odds

 

Asian Handicap

 

Over/Under

 

Corner kicks betting

 

Booking (yellow/red card) betting

 

Both Teams to Score (BTTS)

 

First half/Full-time betting, etc.

 

There are countless different types of football betting odds created by bookmakers to provide diversity for players, and each type of bet has its own meaning and way of playing. This is the appeal and attractive element that football betting odds bring.

The most popular types of football betting odds currently are:

1X2 European odds

European betting, also known as 1X2 betting, is one of the most basic types of football betting that every bettor must thoroughly understand. This type of bet requires players to have skills and experience in betting analysis to make accurate win football prediction about the outcome.

As its name suggests, European 1X2 betting offers three main betting options for players:

 

If you choose option 1, it means you bet on the home team to win.

 

If you choose the X option, you bet on a draw between the two teams.

 

If you choose option 2, you bet on the away team to win.

 

To make it more interesting, bookmakers also allow players to place 1X2 bets either in the first half or for the entire match.

 

In the definition of what football betting is, it has been explained that all bets are created by bookmakers, and European betting is no exception. For each different match, the bookmaker will offer a 1X2 betting line with a set of odds, reflecting the payout ratio for each option.

To give an example, in the Champions League final between Man City and Inter for the 2022/23 season, the bookmaker set the European odds at 1.45-4.5-7.0. Accordingly, if you believe in a victory for Man City, you choose option 1, and if Man City wins, you also win the bet.

Suppose you bet 100k on option 1, then the amount you receive back is 100k*1.45=145k (including the original 100k and 45k in profit). It should be noted that in European betting, the payout ratio always includes the original stake. The same explanation applies if you bet on a draw (option X) or an Inter win (option 2).

So, why are the odds set at 1.45-4.5-7.0? This actually reflects the bookmaker's calculation of the probabilities of the three outcomes of a match: WIN – DRAW – LOSE. The odds vary depending on the relative strengths of the two teams. The greater the disparity between the teams, the higher the difference in these odds, and vice versa.

However, even though European betting is the most basic type in the "betting science," for Vietnamese bettors, one of the most popular football bets is the Asian Handicap.

Asian Handicap

The next type of football bet that Wintips introduces is the Asian Handicap. Internationally known as Asian Handicap (abbreviated as HDP), this is the most favored type of bet among bettors in Asia, especially in Vietnam.

Unlike European betting, which offers 3 betting options, Asian Handicap betting only provides 2 options. Therefore, the "win-lose" nature of this bet is quite significant, and the payout is also much more attractive. In this type of bet, the bookmaker adds a handicap to balance the strengths of the two teams, such as a 0.5 goal, 1 goal, 1.5 goals, 2 goals handicap, etc.

In Asian Handicap, the team giving the handicap is called the upper team (the stronger team), and the team receiving the handicap is obviously the lower team (the weaker team). Returning to the match between Man City and Inter above, if you bet on European betting and predict a Man City victory, the profit rate is only 0.45 (bet 100k to win 45k), which is clearly not very attractive.

For the same match in Asian Handicap, the bookmaker sets the odds with Man City giving Inter a 1 goal handicap, symbolized as Man City - Inter 0.8 0:1.25 1.1. Here's how to bet:

 

If you bet 100k on the upper team (Man City) and MC wins by a margin of 2 goals or more, you are considered to have won the bet. The profit is 100k*0.8=80k (much higher than European betting).

 

If MC only wins by exactly 1 goal (for example, the match ends 1-0, 2-1, 3-2, etc.), it's a tie bet. You get back your original 100k stake.

 

If Inter draws or wins, then those who bet on Man City lose 100k, while those who bet on Inter win with a profit of 100k*1.1=110k.

 

Through this match, the difference between European and Asian betting can be seen. Asian betting is more intense and therefore attracts more Vietnamese bettors. There are many more HDP bets like 0.25, 0.5, 0.75, 1.75 handicaps, etc., which you can refer to in previous articles that have been updated in detail by Wintips.

Over/Under

Unlike European and Asian football bets that are based on the match's final result to determine a win or loss, Over/Under betting stands out because it doesn't focus on which team wins or loses but rather on the total number of goals scored in the match.

Therefore, this type of bet is also known as Over/Under in English or abbreviated as O/U. There are two options for bettors to choose from:

If you choose Over, it means you bet that the total number of goals in the match will be higher than the number set by the bookmaker. If you bet on Under, you believe that the total goals will be less than the bookmaker's line. In cases where the final score matches the bookmaker's prediction, your bet is refunded.

For example, in a match between Juventus and AC Milan, if the Over/Under is set at 2, the betting outcomes would be:

If you choose Over: You believe that the teams will score more than 2 goals. If the match ends with a score of 2-1, 3-2, 4-2, etc., surpassing 2 goals, you win the bet.

If you choose Under: You win the bet if the match has fewer than 2 goals, such as 0-0, 0-1, or 1-0.

However, if the total goals match the number 2 (1-1, 2-0, 0-2), whether you choose Over or Under, the bet is considered a draw, and you get your wager refunded.

Both Teams to Score (BTTS)

nother popular type of football betting is the BTTS (Both Teams to Score) bet.

When you place a BTTS bet, there are two possibilities:

If you choose "Yes": You believe that both teams will score in the match. If the match ends with each team scoring at least one goal, you win the bet.

If you choose "No": You predict that at least one of the teams will not score. If the match ends with a score of 0-0 or only one team scoring, you win the bet.

BTTS bets are exciting and add tension to watching a match. You only need to focus on whether both teams can score.

For example, if there's a BTTS bet for a match between Manchester United and Liverpool, you can bet "Yes" if you believe both teams will score, or "No" if you think at least one team will not score. Similar to other football bets, bookmakers provide odds for each option in a match.

Correct Score

Another bet type that is popular in Vietnam is the correct score bet. This is a challenging and difficult bet to predict.

When you place a correct score bet, you need to choose a specific final score that you believe will occur. For example, you can bet on a final score of 2-1, 1-0, or any other score you think is likely.

To win a correct score bet, the match's final score must match your prediction. Although the probability of winning is low, the reward for a correct prediction is significant, often 5-10 times the original bet. However, if the final score does not match your bet, you lose your wager.

Correct score betting is one of the most exciting types of football bets and offers an interesting challenge for bettors looking to test their luck in predicting the exact outcome of a match.

It can be said that bookmakers always know how to "please" players by continuously creating many interesting football betting options. In this article, Wintips best tips 1×2 has not yet mentioned other bets like corner bets, card bets, penalty bets, goalscorer bets, etc. We hope this article on the topic of what football betting is provides you with some necessary knowledge to understand more about the world of betting. If you are planning to venture into this billion-dollar industry, Wintips wishes you many victories!