Last year, bets placed in lottery and sports betting, especially in football reached $10.3 Billion in the financial year ending March 2023, according to the Tote Board. That is why most trusted online casinos in Singapore are offering a growing number of football matches, enticing offers, as well as competitive odds to attract more SG bettors.
However, for you to make informed bets, you must understand how football betting markets exactly work. That is why here at SGCASINO, we will help you become a professional football bettor as we guide you to learn everything that is that you need to know about betting on football – from popular bet types to how to spot top value bets at the top SG Casino Football betting sites.
Understanding Football Bet Odds
These sports betting odds represent the ratio between your possible winnings and your bet. Although these betting odds on football are often connected to the probability of the result, these football odds mainly tell you how much you can win from the amount that you stake.
Let’s say an SG Casino football betting site listed an odds of 50/1 in an EPL match on Sunday, then this means that for every $1 you stake, you can expect to win $51 plus your stake.
Reading The Odds
Most trusted Online Casino Singapore may display their football odds in three different ways – either in American, decimal, or fractional formats. And no matter what form the odds are presented they only serve 2 purposes:
– expected chance of the results
– potential winnings
But you shouldn’t your decision on this, because bookmakers are also adjusting their odds to encourage specific bets as well as include their profit margin (vig/juice) as well. That’s why if you’re going to odds the probability of outcome, they always exceed 100%.
Decimal Odds
Learning how to read decimal odds is very easy because the numbers presented here refer to the total amount of money that you will get on your winning bets and this also includes your stake as well.
If WBET listed a 2.75 for Aston Villa in an EPL match between Aston Villa and Crystal Palace. This means that for every $100 that you will be placing at Aston Villa, you can expect to earn a profit of $175 and get a total payout of $275 when Aston Villa wins.
Fractional Odds
These betting odds are presented in fractional forms and the upper number represents your potential winnings while the lower number in the fraction represents the amount you bet.
Let’s say United Gaming Sportsbook listed a 4/2 odds, then it means that for every $2 you’re staking, you will get a $4 on your winning bets as well as your bet back. Simply put, when you stake $200 on 4/2 odds and your prediction is correct, then you’ll receive a total of $600 (4/2 * $200 = $400) together with your bet.
American Odds
This is also one of the simplest forms of odds among the three, where a positive number represents the odds for the underdog and tells you how much you’ll get for every $100 you’re betting. On the other hand, negative odds present the favorites and tell you the amount of bet that you have to stake to win $100.
Therefore, whenever you see a +300 odds, then that means that you need to bet $300 so that when you’re prediction is correct you’ll win $300 for each $100 you’re staking. On the contrary, you need to bet $300 on odds -300 to win $100.
Popular Football Bets In The Market
1X2 Betting – In this market, you’ll be betting on the outcome of the match – will it be 1 (home team), X (draw), or 2 (away team)? This is one of the football bet options that is suitable for beginners as bookies are offering the lowest margins in this betting option.
Asian Handicap Betting – A bit more complex compared to 1X2 but once you fully understand it, you can make money from AH betting as it is a great alternative for 1×2. Here, bookies are leveling the unevenly matched team by giving the underdogs some goal advantage against the favorites.
Over/Under Total Goals – If you don’t want to go through the hassle of supporting a particular club, this is a great EPL bet for you. Here, you’ll be betting whether the total scored goal in the match will be over or under the listed line by the book.
How To Spot Value Bets At the Most Trusted Online Casino Singapore?
To make a profitable bet, you have to be on the lookout for value bets, wherein you will be thinking that the probability of a particular event happening is way higher than the odds of the bookies.
Let’s say you’ve been doing your homework and have used your expertise and knowledge about football and used it in the match between Liverpool and Fulham. And after careful deliberation going through their form, line-ups, etc., you have concluded that Liverpool has an 80% chance of winning. And these chances can be converted to 1.25 odds. But after you check out the odds offered by your favorite SG Casino football betting site, you see that CMD368 Sports only rated Liverpool at 1.33 odds (75.2% probability to win). And this is where you spot value bets.
Meanwhile, you can also take advantage on the latest football betting trends to help you in making informed decisions like AI statistics, live betting, and growing numbers of tipster in social medias.
Wrap Up
While football betting may look easy and simple, there are a lot of things that you need to learn. But once you know everything about it, it will be incredibly easy for you to spot value bets and make smart betting decisions at the most trusted online casino in Singapore. Ready for the next EPL match – go and visit the top SG Casino football betting sites.
FAQs:
What Are A Moneyline Bets In Football?
Here, you’re betting on which club you think will outrightly win in the match.
What Is Football Parlay Bet?
This is a combination of different bets into one parlay ticket, while it offers high payouts, it comes with high risk the more you have multiple selections.
What’s A Vig In Sports Betting?
This refers to the commissions that the bookies are adding to their odds.
