When betting on the online football betting websites, you will often encounter Hong Kong odds on the betting board. However, among many different types of bets, how can you recognize these Hong Kong odds? Read the article below if you are feeling confused and lacking confidence.
What are Hong Kong Odds?
Hong Kong odds are numbers that represent the perspective of Hong Kong bookmakers on a particular football match. Players will look at these to understand how to calculate money to make their own assessments and decisions. Hong Kong odds are very popular among Vietnamese players. This type of odds offers high profits and is quite easy to understand, making it suitable for newcomers. The numbers representing these odds are always greater than 0.00, so those familiar with it can quickly calculate their potential winnings.
Due to the simplicity in both calculating money and reading odds, Asian players in general and Vietnamese players in particular often choose HK odds for betting.
Refer to Indonesia odds to avoid confusion when placing bets.
Should You Place Bets on Hong Kong Odds?
Currently, many people are fans of Hong Kong odds because they have many advantages. However, some others are hesitant due to the limitations of this type. To understand the pros and cons of these odds, you should read the analyses below carefully.
a) Advantages
Hong Kong odds are favored because:
- Simple and easy to understand.
- Common betting levels.
- Low risk.
- Easy to win money from bookmakers.
Just spending time researching, calculating, and comparing with other odds levels can yield significant results.
b) Disadvantages
In addition to the advantages, these odds also clearly show some certain limitations such as:
- Low payout rates, so profits may not be as high as many expect.
- Simple odds can lead to boredom and loss of interest.
- Easy to confuse with some other odds types.
Moreover, if you are not careful in your calculations, you can easily be misled by the indicators. Especially when playing running odds, inexperienced players can be led by bookmakers and lose money unnecessarily.
Distinguishing Between Hong Kong Odds and European Odds
It is said that Hong Kong odds are easily confused, especially with European odds, but in fact, if you understand both, you will definitely be able to distinguish them easily. If European odds often have a payout rate of 1.9 (profit + initial money), then Hong Kong odds are 0.9 (only counting profit).
For example:
- European Odds: Rate 1.9, bet 100 thousand. If you win, the amount received is: 1.9 x 100 = 190 thousand.
- Hong Kong Odds: Rate 0.9, bet 100 thousand. If you win, the profit is 0.9 x 100 – 90 thousand from the initial 100 thousand bet. This is just the profit, and we will still receive the amount we bet earlier.
Thus, it can be seen that the way to use the fractions of these two types is distinctly different. You can refer back to the guide on how to calculate European odds for more detailed information.
Guide to Reading Hong Kong Odds
To read the Hong Kong odds correctly, we need to rely on many specific forms, based on the betting tickets that players choose.
View by European odds
If based on European odds, the winning rate of Hong Kong odds = European odds – 1. You can clearly see this through the example given above.
View by Asian odds
If following the way to view football odds for Asian odds, the winning amount from Hong Kong odds = Initial bet amount x Odds. This is just the profit from the initial amount spent.
If the player loses, they will lose all the money they initially bet.
Example: Man City gives Barcelona a 0.5/1 goal handicap and the Hong Kong odds are 0.9. If you bet 100 thousand on the favorite Man, we have the following cases:
- Man wins: You receive 0.9 x 100 + 100 = 290 thousand including both capital and profit.
- Man loses: You lose 100 thousand of the bet.
- Man wins half: Receive back ½ of the bonus.
Types of Hong Kong odds
When choosing to play according to Hong Kong odds, you should also know that we have many different ways to catch the odds.
a) Catching the bookmaker’s odds: Win – Draw – Lose
If playing this way, losing means losing money, drawing means getting the bet back, and winning means earning money.
Example: MU and Man City face off. You bet on MU to win, the odds are 1 and you bet 100 thousand, then there are the following situations:
- MU wins: You receive 1 x 100 + 100 = 200 thousand including both capital and profit.
- If Man City wins: You lose 100 thousand.
If the two teams draw, the bookmaker will refund the bet regardless of which team you chose to win.
b) Handicap ¼
Choosing this odds means if you win, you receive money, and if you lose, you will lose the initial bet. The main difference is that if the two teams draw, you will not get your money back but will lose half of your bet.
In other words, if the score is a draw, you will lose ½ of the initial bet amount.
c) Handicap ½
Choosing a ½ handicap with Hong Kong odds, you will receive the following rewards:
- Choosing the favorite and winning will earn money according to the odds.
- Choosing the underdog and winning will also receive a reward.
- If you bet on the favorite and draw, you lose your bet.
- If you bet on the underdog and the result is a draw, you still earn your bet.
Example of betting on Hong Kong odds with the bookmaker
To make it easier to understand, we will apply the above theories to the most visual and practical examples.
If Germany is the favorite team giving Romania a 1 goal handicap.
If you bet on Germany, we have the following results: If Germany wins by a margin of 1-0, 2-1, 3-2, then it is a draw on the bet.
- Germany wins by a margin of 2 goals, then you earn the full amount.
- If Germany and Romania draw, you lose the entire bet.
- If Germany loses, you will also lose all your bet.
- If you bet on Romania to win but the result is a draw, you earn the full amount.
- If Romania draws Germany and you choose the underdog as Romania, you earn the full amount.
- If Romania draws Germany and you choose the underdog as Romania, you also earn the full amount.
- If you choose Romania and lose by a margin of 1 goal, you get your money back.
- If you choose Romania and lose by a margin of 2 goals, you lose the entire amount.
Top 6 tips for placing Hong Kong odds bets
Just like playing any betting odds, we need to keep in mind theeffective football betting methods to win and the Hong Kong odds are the same. Please study and apply the following useful tips to increase your chances of winning.
Refer to some experiences.#1 Always consider the possibility of losing
Never just look at what we will gain if we win, but also weigh what we will lose if we lose. This will help you adjust your betting amount, choose the right direction, and select better odds.
#2 Never go all in
Those who always go all in on a bet mostly lose more than they gain. This all-in play is extremely risky and will quickly leave you empty-handed. Additionally, playing in a high-stakes manner also carries many risks and pressures, making it easy to make wrong choices and lose everything when on a losing streak. In the case of making the right judgment, you will run out of funds and have no chance to recover. Therefore, consider and remember this advice before deciding to go all in.
#3 Continuously update information
As we all know, all factors such as form, starting goalkeeper, offensive and defensive positions… all affect the match result. Those who are well-informed and closely follow the match will always have an analytical advantage over anyone else. If you want to win and make big with Hong Kong odds, you must remember these things.
#4 Understand the odds
Never bet on odds you have never played before, especially when betting big or on important matches. It is best to analyze the odds, calculate, and compare different rates to determine which offers the best profit with low risk for investment. The important thing is that you must understand how bookmakers set odds. This will help you identify which parameters affect the odds, allowing you to plan reasonable information analysis.
#5 Never fully trust the odds indicators
Bookmakers always have many tricks to lure players into betting on difficult-to-win options. They certainly have more information about the match than we do, so their ability to navigate is also very good. There are many tricks from bookmakers, such as increasing bonuses to dazzle inexperienced players and make them easy to lose. Stay alert with the numbers you see.
#6 Choose a reputable bookmaker
Unreliable betting sites can lead to losing money, such as winning without payout, not receiving bets… Therefore, choosing a bookmaker is extremely important to protect your rights and safety.
Top reputable bookmakers for Hong Kong odds
While many bookmakers are popping up like mushrooms and disappearing quickly or frequently getting into trouble, the following names are definitely ones you need to remember.
- Fi88: The most loved football betting site in 2021.
- FB88: A betting site with many attractive promotions to join.
- Vwin: Top sports betting application.
- 188Bet: A famous bookmaker in Europe.
- V9bet: A reputable betting site, highly rated by many bettors.
- M88: The giant of the football betting industry.
These are all top reputable bookmakers with high Hong Kong betting bonuses. In addition, new members will receive many attractive cash bonuses and sports cashback offers. If you want to refer to more names, you can check out the TOP Online Football Betting Websites that Vaobo88 has reviewed.
Conclusion
Understanding in detail what Hong Kong odds are will definitely provide you with many great opportunities to profit from betting on football. Updating additional football betting tips that are easy to win will help you gain valuable experience in your game. I hope that from these tips, you have gained useful experience to turn that into reality.
