Bookmaker lines around the world differ from each other not only by the events covered but also by the numerical display of betting odds. In Nigeria, there is a classical European system, when the odds are displayed in the form of decimal numbers. Just by them, you can determine the size of the winnings at a successful bet on this or that event. The higher the numerical value, the greater the winnings of the client. For example, you bet 100 KSh on the victory of one of the teams with odds 2.2. If the bet plays, you will get 220 KSh.
The odds for a particular event, if we are talking about a classic bookmaker's office, are determined by the experts of the institution on the basis of many factors: sports statistics, strengths, and weaknesses of the opponents, weather conditions, the location of the match and many others. Also, the odds can change in the course of the match or fight, based on the events and the course of the competition.
But the simple European system does not work everywhere. If you happen to find yourself abroad and decide to use a bookmaker's office there, you should know that you will have to make up your mind first, because there are six different systems of odds in the world.
The most familiar and widespread system in our country, in which the odds are specified in numbers. To calculate the winnings, you just need to multiply the odds by the amount of your bet. For example, if you bet 100 KSh on an event with odds of 1.45, you will get 145 KSh.
Ratios are given as decimal fractions and show the share of winnings from a bet. For instance, coefficient 0.6 means that for 1 unit of stake you will get 6 tenths of a winning. That is, with a bet of 100 KSh your profit will be 60 KSh and your final winner will be 160 KSh.
The system in which odds are specified in the format of the ratio of numbers - 5/1, 8/11, 5/10, and so on. The left side of the fraction specifies the number of units of winnings, and the right side specifies the number of betting units that need to be made to get the same number of units of winnings. That is, at odds of 8/10, you need to put 10 betting units (the same 100 KSh for example) to get 8 units of winnings (in this case - 80 KSh).
In the American system, bets are expressed by numbers with a minus or plus value (for example, +135 and -220). The odds with a minus value indicate how many units of money must be bet in order to get a winning of $100.
That is, with a value of -220, you would need to bet 220 to earn $100. The plus odds indicate how many units of money you will get when you bet $100. For example, at odds +165, betting $100 on an event will give you $165 in winnings.
Is almost a complete copy of the American one with one minor change. The odds in the Indonesian system are presented as decimals - +1.8 or - 1.45. In fact, the Indonesian coefficient is the same as the American coefficient, only divided by 100.
Unlike the Indonesian system, the Malaysian system mirrors the American system. The coefficients here are also provided with a minus or plus value and are presented as a decimal fraction - for example, -0.43 or +1. But their absolute value in the Malaysian scheme is always equal to or less than one. The coefficient with a negative sign indicates how many units of money you need to bet in order to get a winning of $ 1. That is the value of -0.43 indicates that with a bet of 43 cents you will get a winning of $ 1. A coefficient with a "+" sign indicates the amount of profit for a bet of $1. For example, a coefficient of +0.45 indicates that if you bet $1, you will get a total of $1.45 if you win.
Despite the fact that only the European system of odds is widespread in Nigeria, it is still worth knowing what the fundamental differences of other systems are. First of all, it is necessary for experienced players who are not afraid of betting in foreign bookmakers' offices. After all, it is often in their native countries there is the widest and richest line on some national competition (for example American bookmakers and matches of the NHL or NBA). However, there is a huge number of so-called odds calculators - programs and sites that instantly convert odds to your customary system of calculation.