Betting odds are the way that bookmakers use to “price” the probability of a match result, and are also a tool to adjust the player’s cash flow. Not just a mindless number, the odds are the key to predicting trends and making reasonable betting choices. To be successful in soccer betting, players must understand and read these odds correctly. Let’s learn about betting odds with SLOTVIP!
Basic classification of popular betting odds
Asian odds (handicap)
This is the most familiar type of odds for Vietnamese players. A team considered the “top” will concede a certain number of goals to the other team (0.25, 0.5, 1.0 …). This type of odds reduces the possibility of a draw, giving players more win/loss scenarios.
European Odds (1X2)
A simpler bet, the player chooses 1 of 3 results: home team wins (1), draw (X), or away team wins (2). Although the odds may be more attractive, the risk is also higher if not calculated carefully.
Over/Under Odds
The bookmaker sets a total goal mark (for example, 2.5), the player bets on the total number of goals in the match being more (Over) or less (Under) than that mark.
How do betting odds change?
Odds are usually opened a few days before the match and will fluctuate strongly depending on:
- Competition force (missing key players)
- Weather conditions
- Market psychology (money flow leaning to one side)
- Sideline news (coach rest, motivation to play…)
- Therefore, monitoring odds in real time is an indispensable skill for long-time players.
Odds don’t lie – if you know how to “listen”
For example, if a strong team initially gives a handicap of 1.0, but close to the match time, it drops to 0.75, there is likely to be unfavorable information about the team, or money is pouring heavily into the underdog. This is when players should be alert to reconsider their initial choice.
In addition, there are “trap” odds created by bookmakers – usually odds that look “too good”, luring players into them without thinking. Be careful with traps such as: teams giving too little handicap, unusually low over/under odds…
The Importance of Understanding Bookmaker Odds
Understanding the types of odds and how to read them is essential to help players make accurate decisions. Bookmakers always adjust odds based on changes in information, strength, and betting amount. A successful player not only knows how to bet based on luck but also knows how to analyze and take advantage of these changes.
How to read bookmaker odds
Each type of odds has its own way of reading:
Asian odds are in the form: 0, 0.25, 0.5, 0.75, 1,… Winning odds depend on the number of goals and the match result.
European odds show the payout ratio corresponding to the results of a win, a draw, loss.
Over/Under odds give the goal mark for players to choose over or under.
Understanding how to read helps you avoid mistakes and know when to enter or withdraw.
