Even if you are the biggest football fan on the planet, you still are unlikely to win money gambling on the sport unless you know how to read betting odds for football. One of the greatest misconceptions about sports gambling is that you should bet on the team you think is going to win. A better strategy is to determine the football betting odds that present the best value and exploit favorable odds.

For a novice sports bettor, trying to read football betting odds can be like trying to interpret ancient Egyptian hieroglyphics. If it is your first time looking at a sportsbook, you will be met with an abundance of random numbers and + and – signs that are sure to make your head spin. If you want football betting odds explained, read on to learn more.

Malaysian Odds, Also Known as Malay Betting Odds

Malay odds are a very popular type of football betting odds in Asia. Many online casinos based in Asia, including SBO-Thai88, use Malay odds. Malay odds come in both positive and negative values, with the odds consisting of the decimals lying between one and negative one. Football teams with negative odds are the favorite, while teams with positive odds are the underdog.

When Malay odds are negative, the decimal indicates how much you would have to bet on a favorite in order to win one $100. For example, if the odds are listed as -0.25, that means that you have to bet $25 in order to win $100.

For underdogs, it is the opposite. If an underdog’s odds are listed at 0.25, that means that a $100 bet will result in you winning $25.

Malay odds can make it a bit complicated to figure out your winnings. For positive odds, it is fairly simple. All you need to do is multiply the amount you bet by the decimal odds. So if you put $300 on a 0.25 underdog, you will win $75 (300×0.25=75). For negative odds, you divide your bet by the odds. So if you bet $300 on a -0.25 favorite, you will win $1,200 (300/0.25=1,200).

The Three Other Types of Football Betting Odds Explained

Besides Malay odds, there are three other types of football betting odds that are commonly listed in sportsbooks around the world. Here is how to read betting odds for football in American, Fractional, and Decimal formats.

American Betting Odds

American betting odds use a + and – sign when listing odds for a match. The team that has a + sign is the underdog, while the team that has a – sign is the favorite.

For the favorite, the number listed next to the – sign is the amount you need to bet to win $100. So, for example, if a team is listed as a -350 favorite, that means you need to bet $350 on that team in order to win $100.

For the underdog, the number listed next to the + sign is the amount you will win if you wager $100. In other words, if a team is listed as a +500 favorite and you bet $100, you will win $500. However, you do not need to bet in $100 increments. For example, if you bet $10 on a +500 favorite, you will win $50.

Fractional Betting Odds

Many sportsbooks display football betting odds as a fraction. There is no + or – sign. To determine the favorite, look at the numbers on either side of the fraction.

If the number on top of the fraction is larger than the number on the bottom, that team is the underdog. So, for example, if a team’s odds are listed as 6/1, that means they are the favorite, and for every $1 you bet, you would win $6. So if you bet $100 on a 6/1 underdog, you stand to win $600.

If the number on top is smaller than the number on the bottom, that team is the favorite. A team listed at 1/6 is the favorite, and for every $6 you bet you win $1. So if you bet $100 on a 1/6 favorite, you stand to win $16.67, which is $100 divided by 6.

These are very simple examples of fractional betting odds since there is a 1 included. However, fractions can get more complicated if both numbers are above one. Odds listed at 5/2 can make the math a little bit tricker. An easy way to remember how to calculate your potential profit is to divide the top number by the bottom number, and then multiply it by the amount you bet. So if you wager $25 on a 5/2 underdog, you divide 5 by 2 (2.5) and then multiply it by $25, which equals $62.50.

Decimal Betting Odds

Decimal betting odds can be a bit confusing as they display the total amount of money a bettor will get back. This is different from American and Fractional odds, which only show your potential profit. Therefore, if the decimal odds are over 2.0, that team is the underdog, and if it is under 2.0, that team is the favorite.

For example, let’s say that a team was listed at 1.25. That means that the team is the favorite. If you bet $100, you will get back $125 for a net profit of $25. You get $125 by multiplying the bet amount ($100) by the decimal odds (1.25).

If a team is listed at 3.0, it means they are the underdog. A $100 bet returns $300, for a $200 profit.

Win Money Betting on Football Matches From Around the World

Now that you know how to read betting odds for football, you are ready to start placing bets and winning money! SBO-Thai88 is the best online site to place bets on football matches, offering football betting odds for matches taking place in countries all around the world using Malay odds. If you are interested in setting up an account with our online casino and sportsbook to start winning money by betting on football, contact us on LINE @sthai88 today, or scan this QR code to add @sthai88 as a friend on LINE automatically.