European odds are one of the things that players are most interested in when participating in betting. European odds are extremely popular with bookmakers, and they are loved for their simplicity and higher prize value compared to other types of bets. So, how do you read the most accurate European odds? Let’s explore the details with MNL63 in the article below!
Answer: What are European odds?
European odds, also known as Odds, are often denoted by bookmakers as 1×2 odds. This type of bet is extremely popular in football betting, with simple, easy-to-understand rules that are suitable even for new players. With European odds, you just need to find out information to see which team has a higher level and better performance.
From there, make a prediction and place a bet on one of three outcomes: the home team wins (1), the two teams draw, or the away team wins (2). Each outcome will have its own European odds. If the prediction is correct, you will receive the winnings according to the odds offered by the bookmaker.
Betting options correspond to European odds.
In European odds, there are three main betting options: the home team wins (1), two teams draw (x), and the away team wins (2). Specifically, the way to calculate wins and losses for each betting option is regulated as follows:
- The player chooses door 1 – Home (the home team wins)
In case the match ends with the score of the home team, the away team is 1:0, 2:1, 2:0,… In short, as long as the home team wins, the player is considered to have won the bet and received a reward, including the capital and winnings, according to the European odds set by the bookmaker. On the contrary, if the match result is a draw or the away team wins with a higher score, you will lose all the money you spent on the bet.
- The player chooses door 2 – Draw (two teams tie)
If the match ends with the score of both sides being equal, such as 0:0, 1:1, or 2:2, you will win the bet and receive the reward according to the specified European odds. The player loses the bet capital when the match result is one of the two teams winning with a difference in score.
- The player chooses door 3 – Away (away team wins)
Similarly, Away (2) players can only get their bet back and receive a bonus if the away team scores more goals than the home team. In other cases, including the home team winning or the two teams drawing, you will not receive a bonus and will lose the capital you put in to bet.
Instructions for calculating the bonus that players receive
Depending on the rules of each bookmaker, there will be different odds corresponding to the betting options. Before participating in betting at bookmakers, players need to carefully study the European odds to understand the percentage of bonuses that can be received when winning bets.
How to calculate according to European odds
In 1×2 bets, players bet money on 1 of 3 doors (1), (x) and (2). Before the bet takes place, the bookmaker will give specific odds for each bet. Odds numbers are usually expressed in decimal form (for example, 1.84). To calculate the bonus amount the player receives when betting on the correct winning door, you apply the following formula:
Total amount received back = Bet capital + Bet capital x European odds
An illustrative example of how to calculate European odds
Suppose in the match between Barcelona and Real Madrid, MNL63 offers the following European odds:
- Door 1 (1): Barca wins – 2.00
- Door 2 (x): Draw – 3.50
- Door 3 (2): Real Madrid wins – 4.00
The player intends to bet 100 pesos on one of the three doors above, and there are three winning cases:
- If you bet 100 pesos on door 1 with odds of 2.00, when Barca wins, the bonus will be 100 x 2.00 = 200 pesos
- If you bet 100 pesos on door 2 with odds of 3.50, when the two teams end the match in a draw, the bonus will be 100 x 3.50 = 350 pesos.
- If you bet 100 pesos on door 3 with odds of 4.00, when Real Madrid wins, the bonus will be 100 x 4.00 = 400 pesos.
Super tips for betting on European odds
To play European odds effectively, players need to know important information about the teams to make clear analyses and comparisons. At the same time, you must also understand the European odds of the bookmakers to consider the most optimal bets.
In addition, players must also know how to divide their budget reasonably and when to stop to avoid losing too much. Prioritize betting on matches where you understand the participating teams well and accurately assess the winning ability of each team. From there, increase the winning rate and win many attractive rewards!
Conclusion
Above are all the most detailed shares of MNL63 about European odds. With the above information, hopefully, players will have a clear understanding of how to calculate bonuses when playing Odds bets. Apply this knowledge to participate in betting at MNL63 today and have the opportunity to win valuable bonuses!