Hong Kong Odds Guide For New Players

Knowing the different types of betting odds is the number one rule for players to participate in more proactive betting. Although betting online gives you the advantage of a variety of choices, it is not entirely possible that you choose to play at a bookmaker that has many advantages that you like but has an odd presentation that you are not familiar with. With JILIHOT‘s extremely easy-to-understand guide to Hong Kong odds below, you will have a complete understanding of how this type of betting works!

Definition and Presentation of Hong Kong Odds

These odds are abbreviated in online bookmakers as Hong Kong Odds. Although you will see this type of odds most commonly used in the country of China, the emergence of online bookmakers has brought this type of odds to other countries in Southeast Asia.

As with other types of odds, these odds are available for almost all bets, from sports to casino games. If you are looking for simple and easy-to-understand odds to start betting, these will be one of the options. These odds will always be presented in positive numbers only and represent the profit for each unit of currency you bet.

Hong Kong Odds Work Simply

You will find a great deal of similarity between these odds and fractional odds, the difference being that they are presented in decimal form, such as 0.98, 1.07, or 1.21. For each unit of currency you bet, the Hong Kong odds represent the amount of profit you will make. If you bet on odds of 0.98, for each unit of currency you bet, you will make 98% of your stake; similarly, for odds of 1.21, you will make 121% of your stake.

The decimal form shows you which bets are break-even, which are bets with Hong Kong odds of 1.00. Bets with odds of over 1.00 are good bets that will make more money than you bet.

The Higher the Odds, the More Profit You Will Receive

Works similarly to fractional odds, but these odds are much simpler. For each amount you bet, the profit from the bet is proportional to the Hong Kong Betting Odds and is calculated as:

Profit = Bet x Odds

For example, if you bet on an Even/Odd bet between Ripley Valley FC and The Lakes FC:

Even – 1.09
Odd – 0.83

If you bet $100 on Even, you will get a higher profit equivalent to 100 x 1.09 = $109, while an Odd bet will bring you 100 x 0.83 = $83. If you bet on any of the games and win, you will receive the profit mentioned above, along with the bet amount returned to you. Therefore, the total amount you receive for each winning bet includes:

Payout Bonus = Bet Amount x (Odds + 1)

You receive the total payout bonus for the above Odd/Even bet between Ripley Valley FC and The Lakes FC if the Even bet wins, which is $209, or if the Odd bet wins is $183.