Betting Odds Explained: From Decimal and Hong Kong Prices to a Payout
By LAKIWIN Editorial Team
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Betting odds explained properly take ten minutes, and the lesson pays off in every sport. The idea: an odds number is a rule for turning a stake into a return, and once you know the rule the screen stops being a code.
Betting odds explained: decimal first
A decimal price is the whole return for every peso you stake, stake included. The sum is stake times price.
| Stake | Decimal price | Total return | Profit |
|---|---|---|---|
| ₱100 | 1.90 | ₱190 | ₱90 |
| ₱200 | 2.50 | ₱500 | ₱300 |
| ₱500 | 1.65 | ₱825 | ₱325 |
Try it:
- Choose a stake and a price from the table.
- Multiply them by hand.
- Subtract the stake to get the profit.
Check yourself: ₱50 at 3.00 returns how much? ₱150.
Hong Kong odds: profit per peso
The idea: Hong Kong odds drop the stake from the number. They show only the profit per peso, so they are always one lower than the decimal price.
| Decimal | Hong Kong | Profit on ₱100 |
|---|---|---|
| 1.50 | 0.50 | ₱50 |
| 1.90 | 0.90 | ₱90 |
| 2.50 | 1.50 | ₱150 |
Check yourself: A Hong Kong price of 1.20 is what decimal price? 2.20.
Implied chance and the margin
The idea: Divide one by the decimal price to get the chance the price implies. At 2.00 the chance is 50 percent. Add up the implied chances for all outcomes of one market and the total usually tops 100 percent, and the excess is the operator’s margin.
Try it:
- Take a football market priced 1.80, 3.40 and 4.50.
- Compute 1 divided by each: 0.556, 0.294 and 0.222.
- Add them: 1.072, which is 107.2 percent.
Check yourself: What does the extra 7.2 percent represent? The margin built into the prices.
Void bets and the 1.00 price
The idea: A voided bet returns the stake and nothing more, which is the same as a price of 1.00. Postponed matches and cancelled markets often end this way, and the rules page says which.
| Stake | Price | Return | Profit |
|---|---|---|---|
| ₱100 | 1.00 | ₱100 | ₱0 |
Check yourself: What is the profit on a voided ₱250 bet? ₱0.
Betting odds explained for your first bet
Decide the stake before the price, not after it, and run the sum before you confirm:
- Write the stake in pesos.
- Multiply by the decimal price.
- Subtract the stake to see the profit. See the sports betting checks for new bettors for the checks, then apply the maths in NBA betting or boxing betting.
Prepare with the registration steps for odds practice and a login check before betting. Bettors must be 21 or older.
How to Get Started
-
Identify the format
Check whether the price is decimal or Hong Kong before you do any sum.
-
Multiply the stake
Stake times decimal price gives the total return.
-
Subtract the stake
The result is your profit if the bet wins.
