How to calculate money in football betting?
Playing football betting is a quick and exciting way to make money. However, not everyone knows how to calculate the money in football betting accurately, especially when there are so many different types of bets to participate in. In fact, calculating the money won in betting on football is not difficult, you just need to pay attention and understand the nature of it, then you will remember it for a long time. Below is a guide on how to calculate money in football betting in both winning and losing cases that you can refer to if you are not familiar with it.
Why do players need to know how to calculate money in football betting?
Knowing how to calculate money in football betting brings many benefits to you. Firstly, knowing how to calculate money in football betting helps you to check the reliability of the betting site, avoid the ones that falsely calculate the prize money. Sometimes you should try to compare the prize money with the odds and the amount of money you have bet to see if they match.
Learning how to calculate money helps you to identify risks for each bet and know how to choose to ensure the highest level of safety. Additionally, adding these formulas will help you to be more confident in betting, become more professional and lucky.
Guide on how to calculate money in football betting
To determine how much money you have won in betting without waiting for the payout system, you should do it on your own. Although calculating the winnings in soccer betting is quite simple, you may not know that they can be divided into different types, including:
Full win
Full win means that you have won completely and can receive the full amount of money as agreed with the bookmaker. However, this how to calculate money in football betting method also depends on the type of bet you have chosen to apply different formulas.
Calculating the Asian Handicap bet
For Asian Handicap bet, you have 3 options: win, lose and draw, so you only win the bet when you predict correctly.
If you guess correctly, you will receive:
| Asian Handicap winnings = Asian Odds x the accepted stake amount |
For example: In the match between Zibo Cuju FC (N) and Xinjiang Tianshan Leopard, you place a bet of $10 on the home team winning. The result of the match is that Zibo Cuju FC wins with any score, then you will win $16.4 in profit: 10 x 1.64 = $16.4.
Calculating Over/Under soccer bet
This type of bet is also one of the most popular bets in sports, especially soccer betting.
The formula for calculating the winning bet is as follows:
| Over/Under winnings = Over/Under odds x the accepted stake amount |
For example: In the match between Juventus and Lazio, the bookmaker offers a total goal of 1. If you place a bet of $10 on the Over, it means that the final total number of goals must be more than 1.
If the final result of the match has 2 goals, then you will win $18.1 in profit: 10 x 1.81 = $18.1.
Calculating the Asian Handicap bet
For this type of bet, the method for calculating the winning amount is as follows:
| Asian Handicap winnings = Asian Odds x the accepted stake amount |
For example: In the match between FC Bulleen Lions with a 1 goal handicap against Werribee City SC, you place a bet of $10 on the upper team.
If FC Bulleen Lions wins by 2 or more goals, you will win $21.4 in profit: 10 x 2.14 = $21.4.
See more football tips for beginners to bring home your first win
Calculating the half win
According to soccer betting rules, half win means that you have predicted almost exactly the result, and you only miss it slightly to win the bet. It only occurs in Asian Handicap and Over/Under bets.
Regardless of the type of bet, the formula for calculating the winnings is as follows:
| Half win = (odds x stake amount)/2 |
For example: You choose Under in the match between Hiroshima Sanfrecce vs Urawa Red Diamonds, and the number that the world’s reputable bookmaker offers is 2 1/4.
Guide on how to calculate the amount of money lost when betting on football
Many players believe that losing a bet means losing all the money placed, but that is not always the case. Here’s how to calculate the losses in two different scenarios:
Full loss
If you lose completely, the calculation is very simple as follows:
| Loss amount = Bet amount |
The entire amount you bet will be lost, and there’s no turning back.
This calculation method is usually applied to 1×2 bets, some types of Asian Handicap bets, and Over/Under bets.
Half loss
Half loss means that you have predicted part of the outcome correctly, but not enough to win the reward. In this case, the loss amount is equal to half of the bet amount and the bookmaker will return half of this amount.
For example: If a player bets $10 on Under in the match between Gamba Osaka and Tokushima Vortis, with the bookmaker offering a score of 2.25. If the final result has 2 goals, you will lose half of your bet, which is $5, and the bookmaker will return the initial $5.
When do players get refunded in football betting?
The question of when players get refunded in football betting is a common concern for many people nowadays. Let our expert guide you through the specific cases where players can get refunded when betting on football.
1. Draw result
In a draw result, the player will naturally be refunded their initial bet amount. This means that if the player neither wins nor loses in a match, they will receive back the full amount of their original bet.
2. Matches with extra time
In most matches, bookmakers only consider the results up until the end of the two main halves plus any additional injury time, totaling 90 minutes. Extra time is not considered for those matches. Instead, separate bets are placed for the extra time.
That’s why players still get refunded whether they win or lose a bet after the official match has ended. This is because bookmakers have recorded the results based on the 90-minute playtime.
3. Matches that encounter issues and are cancelled
Players also have the possibility of getting their original bet amount refunded for matches that encounter issues and are cancelled. However, the bet will only be cancelled if the result of the match before the cancellation does not affect the bet. This means that if the player is winning a bet at the time the match is cancelled, they can still receive their payout. This only applies to certain specific matches.
Conclusion
With this information, we hope to have helped you understand how to calculate payouts in football betting, making it easier for you to participate in betting. By applying these formulas, you can easily calculate your own win or loss and verify the credibility of bookmakers. Check your betting results to know the outcome. Good luck!
See also: What is a penalty bet? Guide to betting on penalties