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If you’re new to soccer betting, particularly on the English Premier League (EPL), understanding how odds work can make a huge difference to your betting experience. At PIWI247, we offer a variety of odds formats, including Decimal, Hong Kong, and Malay odds. Each type of odds has its unique way of displaying potential payouts, but they all serve the same purpose: helping you calculate how much you can win from a bet.
In this beginner’s guide, we’ll break down these odds formats so you can confidently place your next EPL bet with PIWI Sports or PIWIX.
Understanding Decimal Odds (Euro Odds)
Decimal odds, also known as Euro Odds, are the most straightforward and widely used odds format in Europe and are available on PIWI247. They show you the total return you’ll get for every €1 bet, including your stake.
Example:
Let’s say Manchester United has decimal odds of 2.50 to win an upcoming EPL match. If you bet €10, your total payout (if they win) is calculated like this:
Total payout = Stake x Decimal odds
€10 x 2.50 = €25
This means you’ll receive €25 in total, which includes your €10 stake and €15 profit.
Hong Kong Odds: Decimal Odds – 1
Hong Kong odds are very similar to decimal odds but slightly adjusted. To convert Decimal (Euro) odds to Hong Kong odds, you simply subtract 1 from the Decimal odds.
Formula:
Hong Kong odds = Decimal odds – 1
Example:
For the same Manchester United match with decimal odds of 2.50, the Hong Kong odds would be:
2.50 – 1 = 1.50
This shows you the potential profit you’ll make for every €1 bet, excluding your stake. If you bet €10 on Manchester United with Hong Kong odds of 1.50, your profit would be:
Profit = Stake x Hong Kong odds
€10 x 1.50 = €15
If your bet is successful, your total payout (profit + stake) will be:
Total payout = Profit + Stake
€15 + €10 = €25
This payout is the same as with decimal odds, but Hong Kong odds explicitly show the profit only, making them easier to interpret for some bettors.
Malay Odds: 1 / Hong Kong Odds
Malay odds are another format used in many parts of Asia. They are a bit more complex but also easy to understand once you get the hang of them. Malay odds are based on a comparison to 1, and they can either be positive or negative.
To convert Hong Kong odds to Malay odds, use this simple formula:
Malay odds = 1 / Hong Kong odds
Example:
Using the same Manchester United example, with Hong Kong odds of 1.50, the Malay odds would be:
Malay odds = 1 / 1.50 = 0.67
When Malay odds are positive (less than 1), they show you how much profit you’ll make for every €1 bet. In this case, if you bet €10 on Manchester United with Malay odds of 0.67, your profit would be:
Profit = Stake x Malay odds
€10 x 0.67 = €6.70
If your bet wins, your total payout would be:
Total payout = Profit + Stake
€6.70 + €10 = €16.70
Negative Malay Odds:
If Malay odds are negative, they show how much you need to bet to win €1. This typically happens when you bet on a favourite team or outcome.
Key Differences in Odds Formats
While Decimal, Hong Kong, and Malay odds might look different, they all lead to the same payout in the end. The key difference lies in how the potential returns are displayed:
- Decimal odds (Euro odds) show the total return, including your stake.
- Hong Kong odds show just the profit, not including the stake.
- Malay odds show the profit for positive odds and the required stake for negative odds.
Choosing which odds format to use comes down to personal preference. At PIWI247, you can easily switch between these formats based on what feels most intuitive to you.
EPL Betting Odds FAQs
How do I switch between odds formats on PIWI247?
Simply head to the settings on either PIWI Sports or PIWIX and choose your preferred odds format—Decimal, Hong Kong, or Malay.
Which odds format is better for beginners?
Most beginners prefer Decimal odds as they are easy to understand and display the total return, including your stake.
What happens if the odds change after I place my bet?
Once your bet is confirmed, the odds at the time of placing the bet will apply, even if they change afterward.
Can I cash out my EPL bets?
Cash-out is available for bets placed on PIWIX, but not for those placed on PIWI Sports.
How do I find the best odds for EPL betting?
At PIWI247, we offer competitive odds across both PIWI Sports and PIWIX. Keep an eye on the markets to find the odds that suit your betting strategy.
Upcoming EPL Matches on PIWI247
Ready to place your bets? Check out the upcoming EPL matches below:
For more fixtures and betting options, visit PIWI247 for all your betting needs on PIWI Sports and PIWIX.
Whether you’re new to EPL betting or just trying to get a better understanding of odds, PIWI247 offers a user-friendly platform with multiple odds formats to suit your needs. Ready to place your next bet? Head over to PIWI247 today and experience the thrill of EPL betting on either PIWI Sports or PIWIX!
Is a 35-year-old sportswriter who enjoys walking, jogging, and other physical sports. He started in different blogging platforms and is now a guest blogger for PIWI247. He loves basketball the most. Follow him on Quora today.
