If you are interested in sports betting, then you have probably come across the term “tỷ lệ kèo” or “odds” at some point. This is a very important concept to understand when it comes to placing bets on sporting events. In this article, we will break down the basics of tỷ lệ kèo and what you need to know to become a successful bettor.

1. Understanding Odds

Odds are essentially a numerical representation of the likelihood of an event occurring. In sports betting, odds are used to determine the amount of money that can be won from a bet. They also indicate the probability of a team or player winning a particular game or match.

How are Odds Displayed?

In most countries, odds are displayed in decimal format, which is the most common way of displaying them around the world. For example, if the odds for a team to win are 2.00, it means that for every $1 bet, you will win $2 if your bet is successful. This includes your initial stake, so you would receive a total of $3 back ($1 stake + $2 winnings).

In some countries, odds are displayed in fractional format. For example, if the odds for a team to win are 3/1, it means that for every $1 bet, you will win $3 if your bet is successful. However, this does not include your initial stake, so you would only receive $3 in winnings.

Types of Odds

There are three main types of odds used in sports betting: decimal, fractional, and American. As mentioned earlier, decimal odds are the most commonly used format worldwide. However, fractional odds are still used in the UK and Ireland, while American odds are primarily used in the US.

American odds are displayed as either a positive or negative number. A negative number indicates the amount you need to bet in order to win $100, while a positive number indicates the amount you will win if you bet $100. For example, if the odds for a team to win are -150, it means you would need to bet $150 to win $100. If the odds are +200, it means you would win $200 if you bet $100. It is important to note that these odds do not include your initial stake, unlike decimal and fractional odds.

2. Types of Bets

Now that we understand how odds work, let’s take a look at the different types of bets you can place when it comes to sports betting.

Moneyline Bets

A moneyline bet is the simplest type of bet where you simply choose which team or player you think will win the game. The odds for this type of bet are based on each team’s chances of winning the game. For example, if one team is highly favored to win, their odds will be lower, meaning you would have to bet more in order to win a significant amount.

Spread Bets

Spread bets are also known as point spread bets and are most commonly used in team sports such as basketball and football. In this type of bet, the favorite team is given a handicap, while the underdog team is given a head start. The favorite team must win by a certain number of points in order for the bet to be successful, while the underdog team can lose by a certain number of points and the bet would still be successful.

Over/Under Bets

Over/under bets, also known as totals, are bets placed on the total number of points scored in a game by both teams. The bookmaker will set a number, and you can bet on whether the actual total points scored will be over or under that number.

3. Factors Affecting Odds

There are many factors that can affect the odds of a sporting event. It is important to take these into consideration when placing bets in order to increase your chances of winning.

Team Performance

The most obvious factor that affects odds is the team’s performance. If a team has been performing well and has a good track record, their odds of winning will be lower compared to a team that has been struggling.

Injuries

Injuries can play a huge role in the outcome of a game. If a key player is injured, it can greatly impact the team’s chances of winning and therefore, affect the odds. It is important to keep an eye on injury reports and take them into consideration when placing bets.

Home Field Advantage

In most sports, playing at home gives a team a slight advantage. This can also be reflected in the odds, with the home team often having slightly better odds of winning.

Weather

Weather conditions can also have an effect on a game and therefore, the odds. Some teams may perform better in certain weather conditions, so it is important to consider this when placing bets.

4. Calculating Payouts

Now that we understand odds and the different types of bets, let’s take a look at how to calculate potential payouts for a bet.

Using Decimal Odds

To calculate potential winnings using decimal odds, simply multiply the odds by your stake. For example, if the odds are 2.00 and you bet $20, your potential winnings would be $40 ($20 x 2.00).

Using Fractional Odds

To calculate potential winnings using fractional odds, divide the top number by the bottom number and then multiply this by your stake. For example, if the odds are 3/1 and you bet $20, your potential winnings would be $60 ($20 x 3/1 = $60).

Using American Odds

Calculating potential winnings using American odds is a bit more complicated. If the odds are negative, divide the odds by 100 and then multiply this by your stake. If the odds are positive, divide your stake by the odds and then multiply this by 100. For example, if the odds are -150 and you bet $50, your potential winnings would be $33.33 (($150/100) x $50 = $75). If the odds are +200 and you bet $50, your potential winnings would be $100 (($50/$200) x 100 = $25).

5. Tips for Successful Betting

Now that we have covered the basics of tỷ lệ kèo and how to calculate potential payouts, here are some tips to help you become a successful bettor.

Do Your Research

Before placing any bets, it is important to do your research and gather as much information as possible about the teams or players involved in the game. This includes their recent performance, injuries, and any other factors that may affect the outcome of the game.

Don’t Let Emotions Affect Your Bets

It is important to make logical and informed decisions when placing bets. Avoid letting emotions, such as loyalty to a specific team, cloud your judgment and lead to impulsive bets.

Manage Your Bankroll

One of the most important factors in successful betting is managing your bankroll. Set a budget for yourself and stick to it, avoiding the temptation to chase losses or place large bets on hunches.

Shop Around for the Best Odds

Different bookmakers may offer slightly different odds for the same game. It is worth shopping around to find the best odds, as this can make a significant difference in your potential winnings.

6. Common Mistakes to Avoid

Lastly, let’s take a look at some common mistakes that novice bettors make and how to avoid them.

Chasing Losses

It can be tempting to try and recoup losses by placing more bets, but this can often lead to even more losses. It is important to stick to your budget and avoid chasing losses.

Betting on Every Game

Another mistake is betting on every game, regardless of whether you have done your research or not. This can quickly deplete your bankroll and lead to poor decision-making.

Not Understanding Odds

Not understanding how odds work can also be a costly mistake. Take the time to learn about odds and how they are calculated in order to make more informed betting decisions.

FAQs

Q: Is sports betting legal?

A: It depends on your country or state. In many countries, sports betting is legal and regulated. However, it is important to check your local laws before participating in any form of gambling.

Q: Can I place bets online?

A: Yes, there are many reputable online sports betting platforms available. Just make sure to do your research and choose a licensed and regulated platform.

Q: Is there a limit to how much I can bet?

A: It depends on the bookmaker and the specific game. Some bookmakers may have a maximum limit on certain bets, while others may allow larger bets with higher odds.

Q: What happens if a game gets canceled?

A: If a game gets canceled, most bookmakers will refund all bets for that particular game.

Q: Can I bet on multiple games at once?

A: Yes, many bookmakers offer the option to place parlay bets, where you can combine multiple games into one bet. However, keep in mind that the more games you include in a parlay bet, the higher the risk and potential payout.

Conclusion

Understanding tỷ lệ kèo is essential for anyone interested in sports betting. By familiarizing yourself with odds, types of bets, and factors that affect them, you will be better equipped to make informed decisions when placing bets. Remember to always do your research, manage your bankroll, and avoid common mistakes in order to increase your chances of success. Happy betting!