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Football (soccer) betting tip - understanding the various odds formats to make money

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In live betting, the odds tell a story. The ability to decode the odds to identify the betting opportunities is the secret to make money, and it is crucial to understand the various odds formats to enable you to make timely decisive bets.

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Football (soccer) betting tip - understanding the various odds formats to make money

1. 1. Football (Soccer) Betting Tip - Understanding The Various Odds Formats To Make MoneyOdds are the prices the bookmakers offer which tell you how much you canwin in a bet at a given stake. In general, the higher the odds the lower theprobability of winning and the team is not expected to play as well.Different bookmakers in different countries offer their odds in differentways depending on local custom. You can see odds presented in UK(fractional), European (decimal), US (moneyline) and the formats popularlyused in the Asian betting markets which include Indonesian, Malaysian andHong Kong-style odds formats.In live betting (also known as bet in play, in-game, in-running betting), theodds tell a story. The ability to decode the odds to identify the bettingopportunities is the secret to make money, and it is crucial to understand thevarious odds formats to enable you to make timely decisive bets.Below is a brief conversion chart of the different odds formats. As there ismuch difficulty to present the chart in a table form with neat tabulations,please do follow the sequence of the odds in accordance with the oddsformats:UK=>European=>US=>Indonesian=>Malaysian=>Hong Kong5/1 => 6.00 => +500 => +5.00 => -0.20 => 5.003/2 => 2.50 => +150 => +1.50 => -0.67 => 1.501/1 => 2.00 ==> 100 ==> 1.00 ==> 1.00 => 1.008/11 => 1.73 => -137 => -1.37 => +0.73 => 0.731/2 => 1.50 => -200 => -2.00 => +0.50 => 0.50Please take note of the following points:1) For the UK and European odds, any payouts above 1/1 and 2.00respectively are the negative odds in the Malaysian format.2) The Indonesian odds are like US odds, just divided by 100.