In football tip win as well as in some other betting sports, players can choose from a variety of odds or payout formats, such as Indo, American, Malaysian, and Hong Kong odds. So, what are Hong Kong odds? What are the advantages and disadvantages of these odds in football? Please follow the article below to find the answer.

What are Hong Kong odds?

What are Hong Kong odds? As its name suggests, Hong Kong odds are primarily used by people living in East Asian cities and states. After a long period of betting, players find that the winning odds are higher than the amount of money wagered, which is why it is often used in betting. This odds format is commonly abbreviated as HK. Hong Kong odds are one of the simplest betting odds formats available today for calculating profits.

HK odds are similar to fractional odds; Hong Kong odds show the profit related to the stake if the bet wins. For example, Hong Kong odds of 1.90 mean that you receive 1.90 units of profit for every 1 unit wagered. If 1 unit is $100, then you would win $190, including the original stake of $100.

With Hong Kong odds, an odds payout of 1.00 is seen as bet 1 to win 1. It means if you place a bet at odds of 1.00, you will double your money because you will receive the amount you bet plus your original stake. For bets with odds higher than 1.00, for example, Hong Kong odds of 3.10 would indicate a profit of 3.10 units for every 1 unit wagered, along with your stake.

Advantages and disadvantages of Hong Kong odds

Like other betting odds, Hong Kong odds also have their advantages and disadvantages when playing. Below are some of the pros and cons shared by online betting experts.

Advantages of Hong Kong odds

One of the prominent advantages is that Hong Kong odds are quite easy to understand and operate when placing bets. Instead of struggling and pondering over complex positive/negative odds in Malay and Indo odds, in Hong Kong odds, you only need to calculate "lose enough and win double". This calculation formula is used in all cases.

For newcomers in sports betting, it's advisable to choose Hong Kong odds to play. Most bookmakers nowadays offer Hong Kong odds, so all you need to do is research, calculate, and compare with other odds, and your chances of winning will be significantly high.

Disadvantages of Hong Kong odds

Alongside its advantages, Hong Kong odds also have some disadvantages, although they are not overly significant and don't heavily impact the players.

The low odds ratio often results in lower profits than expected.

The simplicity of the odds can lead to boredom for the players.

There's a tendency to confuse it with some other types of odds.

Furthermore, lack of alertness can make players susceptible to misleading indicators.

Particularly when engaging in handicap betting, losses are more likely to occur.

The most popular types of Hong Kong odds

Please note that there are many different ways to bet with Hong Kong odds. The most common are the following three methods, let's explore them together below.

Betting on Win - Draw - Lose

If you bet in this manner, you lose the money if you lose, get your bet refunded if it's a draw, and win money if you win.

For example, in the match between Man City vs Man Utd on March 6, 2022. You bet on Man City to win, the odds are 1.00, and if you bet 100 thousand, the scenarios are as follows:

Man City wins: You receive 1 x 100 + 100 = 200 thousand, including both the capital and the profit.

Man Utd wins: You lose 100 thousand.

If the two teams draw, the bookmaker refunds the bet regardless of which team you bet on to win.

Handicap ¼

When you choose to bet on a handicap of ¼, if you win the bet, you will receive the winning amount, but if you lose, you will lose the entire amount you bet before. The difference in a ¼ handicap bet is that if the two teams have a draw and you bet on the underdog, you will not get back all the money; instead, you will lose half of the amount you bet. To put it simply, if the score is a draw and you bet on the underdog, you will still lose and forfeit 50% of the initial bet amount, whereas players who bet on the favorite team will win back 50% of the bet amount.

>> See more: 5 Premier Football best telegram tipsters to Join

Handicap ½

When placing a handicap bet of ½ in Hong Kong odds, the following results may occur:

• If the player bets on the favorite and wins, they will receive winnings according to the odds.

• Betting on the underdog and winning will result in winning the bet amount.

• If betting on the favorite and the result is a draw, the player will lose all the bet amount.

• If betting on the underdog and the result is a draw, the player will still win the bet amount.

How to read Hong Kong odds

To accurately analyze Hong Kong odds, players need to consider various factors. Below are some pieces of information provided by websites based on the common choices of players when placing bets.

Based on European odds

In the case of referencing European odds, the Hong Kong odds ratio is calculated as [European odds ratio - 1]. If you want to distinguish between the two types of odds clearly, you need to understand their nature. For example, if the European odds have a ratio of 1.8 (profit + initial stake), the Hong Kong odds will have a ratio of only 0.8 (profit).

Based on Asian odds

In the case of following Asian odds, players can determine the winning amount in Hong Kong odds as [Initial bet amount x odds ratio]. This is just the profit from the initial amount wagered. If the bet is lost, consider it as losing all the money.

Effective experiences in betting with Hong Kong odds

When you bet more with odds lower than 1.00, the amount lost will gradually increase if the win-loss odds are equal. Therefore, one of the experiences in betting is to choose Hong Kong odds with a payout of 1.00 or higher.

Not all Hong Kong odds with a winning ratio above 1.00 are easy to win, so it's not advisable to continuously choose high payout odds. Analyzing the odds and gathering all information about the match is important in deciding which bet to place.

When participating in betting during a match, choosing Hong Kong odds with a payout of over 1.00 will be advantageous for the player when placing multiple bets.

Never bet all in

According to insights shared by sports betting experts, most players who go all-in on a single bet end up losing more than winning. Playing all-in is extremely risky; it's a situation where players can lose everything in one go. Moreover, this approach creates a sense of pressure for the players, rather than simply participating for entertainment purposes.

For example, if a player's full time home win prediction is incorrect, they are at risk of losing their entire assets with no chance of recovery. While there's a possibility of winning, players should carefully consider this approach to avoid regrettable consequences.

Continuously update match information

Factors such as current form, players, starting goalkeepers, attacking positions, strategies, weather conditions, etc., all directly influence the final outcome of the match. Players who have a good grasp of these peripheral factors and closely follow the matches will always have an analytical advantage over others.

If you aim to secure victories and win big with Hong Kong odds, it's crucial to remember these points.

Understand the odds

You should never bet on markets you haven't previously engaged with, and avoid placing large amounts of money. Betting requires calculation, strategy, and comparing different odds to yield the best profits.

The key is to understand the bookmaker's odds calculation method you are participating in. This will help you plan the most reasonable analysis strategy.

It's best to analyze, calculate, and compare different odds to choose the one that offers the best profit potential with the lowest risk for investment.

Do not overly trust the odds indicators

Don't forget that bookmakers often present "tempting odds" to lure players into difficult bets. Beginners are often led astray by these situations. Therefore, you must be very alert to what is happening, maintain a strong mindset, and avoid emotional situations.

Choose a reputable bookmaker

Currently, in the sports betting market, there are numerous bookmakers offering football betting. There are reputable ones, but there are also those created with the intent to deceive. Therefore, choosing a bookmaker is a crucial factor to protect one's rights and safety. One of the leading bookmakers today is Wintips, where you can confidently place bets without hesitation or worry.

Some of the information above hopefully answers the question "What are Hong Kong odds?" Remember, consider betting as a long-term investment where stable profits are the goal. Wishing all players success. Create an Wintips account today to place bets and enjoy exciting games. Best of luck and may you achieve victory. Read more: Top 10 Football best soccer prediction app in 2024