How To Read Sports Betting Odds At 1Win 

Sports betting odds show the likelihood or chances of a sports event occurring. Odds can tell you how risky a bet is and how much you can expect to win. As such, every punter must learn how to read sports betting odds. 

Various betting sites tend to use different odd formats. So, this piece will show you the various forms of sports betting odds, what they mean and exactly how to read betting odds on 1 Win. Let’s dive.

Types of Sports Betting Odds 

There are three standard ways odds are expressed on most sports betting sites. And here they are: 

• Decimal odds 
• Fractional odds 
• Moneyline odds 

Decimal Odd

The decimal odds are famous among Europeans, Canadians, Africans and Australians. 

As the name implies, decimal odds are expressed in the form of decimals. e.g., 1.4, 3.2, 7.3, etc. This odd type represents the amount you stand to win if you place a bet of 1 IDR on a sports event. 

As such,  if you wager 10 IDR on a match with 4.5 odd, your total cashout will be exactly 45 IDR (4.5 x 10). Of course, the total payout factor in your stake is 10 IDR, so your profit is only 35 IDR. 

Generally, decimal odds are always more than 1.0. Similarly, you can expect a higher payout from bigger odds.

Fractional Odd

These are most common among online bookmakers who serve British, Irish, and United Kingdom residents. 

Fractional odds are expressed in the form of fractions. Examples include 7/1, 12/3, 10/1 etc. 

The numerator indicates your return, while the denominator is your wager. 

As such, if you bet on a match with 7/1 odds, you’ll make a profit of 7 IDR when you place a bet of 1 IDR. Similarly, investing 100 IDR in the game will profit you 700 IDR  [100 (7/1)]. The total payout, however, will be 800 IDR, which includes your stake and profit. 

Moneyline Odd

This is most common on United States and North American betting sites. 

Moneyline odds are always in the form of positive and negative real numbers. Examples include -180, +400, +231, etc. 

So what does this mean? A negative odd shows the amount of money you must stake to win 100 IDR. On the other hand, positive odds indicate how much you’ll win for placing a bet of 100 IDR. 

For instance, say you bet on a match with -180 odd. You will need to stake exactly 180 IDR to earn an extra 100 IDR. While +400 means you’ll earn 400 IDR if you wager 100 IDR. The rule of thumb in Moneyline or American odds is that the underdog is assigned positive odds while the favorite team to win usually gets negative odds. 

Although these three odds have different representations, they usually mean the same thing. Thus, you can easily convert from one odd type to another using an odd calculator. In fact, many betting sites list the 3 odd types and allow players to choose the one they prefer. Likewise, it is possible to express all forms of odds as percentages. 

How to Read Betting Odds on 1Win Indonesia

The 1Win Indonesia uses a decimal betting odd format, which makes it easy to read. To read the odds, you must log in and locate the sports you want to bet on. 

Next, tap on your favorite sport to see the ongoing match in various leagues covered. Click a game that catches your fancy to see the different bet options and events you can bet on. 

On 1Win bet, each bet option has a different event under it. The bet type is placed as a heading (in bold white fonts) with various sub-events together with their odds placed under it in a rectangular white box. The odds are listed in bold black font in the form of decimal. 

For example, in the soccer match between Sporting and Union in the MLS league, there are various bet options, such as the full-time result, handicap, over or under bet, first- and second-half result, etc.  

For full-time results, here is how the odds compare: 

• Sporting 4.21 
• Union 1.2

Based on this odd, here are the deductions we can make: 

• The percentage of Sporting winning is 23.7% (100 x 1/ 4.21)% while the percentage of Union winning is 82.64% (100 x 1/ 1.26)%. 

• Sporting has a lower chance of winning, hence higher odds, and it is the underdog. 

• Union has a higher chance of winning and is the clear favorite since the bookie gave them a lower odd. 
• You get a total payout of 421 IDR if you bet 100 IDR on Sporting to win. 

• You can go home with a maximum of 126 odd if you bet on Union to win. 

• Betting on Sporting has higher odds, higher payout and higher risk than betting on Union.

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