First of all, do you know what “odds” are? Originally from Europe, introduced by Ogden in medieval horse racing. Odds provide a measure of the likelihood of a particular outcome. It is a value calculated by the bookmaker based on the team's performance over a period of time, and this value can reflect the logical relationship between the contestants.
The most common odds used by SBO are Indonesian odds, Malay odds, Hong Kong odds and European odds. Most bet types use European odds, only 50/50 bet types will have different odds. Of these odds, only the European odds have actual stakes (the actual bet/ the amount actually deducted).
a. Indonesian odds are greater than 1. When the odds are negative, it means that you need to pay the odds when you lose, and get the stake if you win.
*Example: Indonesian odds 1.66, stake $100. You will gain $166 when you win and pay $100 for loss.
Indonesian odds -1.66, stake $100. You will gain $100 when you win and pay $166 for loss.
b. Malay odds are greater than 0. When the odds are negative, it means that you need to pay the odds when you lose, and get the stake if you win.
*Example: Malay odds 0.96, stake $100. You will gain $96 when you win and pay $100 for loss.
Malay odds -0.96, stake $100. You will get $100 when you win and pay $96 for loss.
c. Hong Kong odds are positive numbers greater than 0, the winnings do not include the actual stake.
*Example: Hong Kong odds 0.87, stake $100. You will get $87 when you win and pay $100 for loss.
d. Euro odds are positive numbers greater than 1. The winning bonus includes the actual stake.
*Example: Euro odds 1.86, stake $100. You will get $86 when you win and pay $100 for loss.
These odds above are interchangeable. Usually, the stronger team with higher win rate has lower odds; on the contrary, the team with lower win rate will have higher odds, thus players will win more money. Odds are usually set by traders, based on various information to speculate on the outcome of the game, so the odds are variable. No matter who wins or loses, traders would need to make sure that they can get the spread and will not put the company at disadvantage. Choosing odds is all about experiences, we bet on games through careful analysis.
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