- October 30,2024
- -
- Jake Woodward
Understanding Malaysian Odds: A Comprehensive Guide To Local Betting Formats
On average, most bettors tend to be quite familiar with betting components like American odds, fractional odds, and decimal odds. As these are some of the most popular betting formats in the world, this is only to be expected. However, broadening your horizons by learning more niche betting formats can prove to be quite rewarding, especially in this day and age. This is where understanding Malaysian odds can turn out to be quite helpful. Here’s a detailed guide to one of the best local betting formats in the world today!
Understanding Malaysian Odds
Also popularly referred to as Malay odds, this betting format is especially popular not just in Malaysia but also across the Asian continent as well. This betting format is characterized by negative (-) and positive (+) numbers, which serve individual, unique purposes. The negative numbers in Malay odds represent the favorites in an event. The positive numbers in this betting format are used to serve the underdogs. In either event, these betting odds are used to directly determine the payout size that a punter can expect from any given wager.
Calculating Your Payout With Malay Odds
The most important thing to note on this front is that you don’t approach calculating the negative odds and the positive odds in this betting format the same way. Here is all you need to know on that front.
How To Calculate Negative Odds
To estimate the payout that you can expect to get when you bet on negative Malay odds, you need to use the formula:
Stake x (-1 / Odds) = Profit
How To Calculate Positive Odds
When you’re working with positive odds, below is the formula that you should use:
Stake x Odds = Profit
Weighing The Merits And Demerits Of Using Malaysian Odds In 2024
There are several advantages and disadvantages to using this type of betting odds. Here are a couple of them.
Pros Of Using Malay Odds
These include:
Shares Many Traits With Moneyline Odds
For those familiar with American odds, you won’t struggle as much to master Malaysian odds. This is because these two betting formats have a lot in common.
It Tells You What’s What
For those who don’t want to think too much before they know who the favorite and the underdog in an event are, Malaysian odds betting helps you know that without error.
It Offers Simple Calculations
With this betting format, you don’t need an advanced math degree to calculate what you will be getting as a payout.
Cons of Using Malay Odds
The only one of note is:
It Isn’t Readily Available
Sadly, this betting format isn’t as readily available for use as we might like. Hopefully, this is something that will change, given time.
All In All
In the end, we can confidently say that understanding Malaysian odds will be a worthwhile exercise for you. This is because it’ll help you easily tap into more niche sports betting spaces.
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