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Stepping into the world of football betting brings no shortage of exciting challenges, and mastering how to calculating winnings and losses is a fundamental skill. Especially with the myriad of different betting odds available today, newcomers can feel bewildered by the calculations. This article, Superph is compiled to simplify that process, presenting how to calculate winnings in the most understandable and intuitive way.
Understanding the Calculating Winnings and Losses Process
Basically, calculating football betting winnings is the process of using the amount you decide to bet (also known as the stake or bet amount) and the payout odds corresponding to your selection (odds) provided by the bookmaker to determine the total amount you will receive back if your prediction is correct. However, in the reality of betting, things don’t always go as planned, and losing bets is normal that anyone who participates has experienced.
The calculation method may have minor differences depending on each person’s experience; new players may still encounter some confusion due to a lack of certainty and initial information. At its core, basic arithmetic operations such as addition, subtraction, multiplication, and division are all applied to determine the final result, so that it matches the odds value announced by the bookmaker.
This is core knowledge that anyone participating in betting needs to master. It not only helps you know how much you win or lose after each match but is also a key factor in effectively managing your personal finances when participating in betting.
Detailed Guide to Calculating Winnings and Losses for Each Popular Type of Odds
When participating in betting on online bookmaker platforms, you will encounter many diverse types of odds, and the calculation method for each type is also different. Below is the calculation method for the most popular types of odds:
For European Odds:
European odds, also known as 1×2 odds, are a widely popular form of betting, especially vibrant in major tournaments. This is a basic type of odds at many reputable bookmakers in the market. European odds only have three options for players to choose from: home team wins (1), draw (X), or away team wins (2). When you win a bet, you win the entire initial stake plus the profit. The formula for calculating winnings with European odds is very simple:
Total Payout (including stake) = Stake × Odds
Specific Example: You bet 100PHP on an option with odds of 1.59. If the result is as you predicted, the total amount you receive back will be 100 × 1.59 = 159PHP. This amount will increase if you bet with a larger stake. Conversely, if you lose the bet, you will lose the entire 100PHP you placed.
Calculating Winnings and Losses on Asian Handicap:
Asian Handicap, also known as handicap betting, has a more complex way of calculating winnings compared to European odds due to the handicap factor between the two teams. This leads to more win/loss possibilities. The formula for calculating full winnings in Asian Handicap is similar to European odds, taking the stake multiplied by the corresponding odds.
Illustration Example: You bet 100PHP on an Asian Handicap option with odds of 0.99. If you win fully, the amount you receive may be 100 + (100 × 0.99) = 199PHP (including stake and profit, depending on how the bookmaker displays it).
In case of winning half: This happens when the match result partially meets the handicap condition. In this case, the winnings are usually calculated as follows:
Profit when winning half = (Stake × Odds) / 2
You will receive back half of your initial stake, and the other half will be calculated as a win based on the odds. If you lose fully, you lose your entire stake. Asian Handicap also has a draw (push) scenario, in which the stake is refunded.
For Over/Under Odds:
Over/Under odds are also a very popular form of betting, where players predict whether the total number of goals scored in a match will be higher (Over) or lower (Under) than a number set by the bookmaker. The calculation of winnings and losses with Over/Under odds is similar to Asian Handicap, including scenarios of winning fully, winning half, draw (push), losing half, or losing fully. The calculation not only requires you to understand the rules of the game but also to clearly grasp the Over/Under odds displayed on the odds table corresponding to that total number of goals.
Conclusion Of Calculating Winnings and Losses in Football Betting
The information above has detailed how to calculate winnings and losses in football betting for common types of odds. Although the basic formulas are not too complicated, it is important for players to be very careful and meticulous when reading the odds figures on the odds table to apply the calculations accurately.
Hopefully, this article has given you a more comprehensive and clearer understanding of this calculation process. Please save the formulas and practice so that determining winnings and losses becomes proficient, making your betting participation easier and more proactive. Wishing you enjoyable moments of entertainment and good luck in bringing home worthy rewards.
