If you have seen many types of odds, it is not uncommon to find Indonesian odds alongside other popular odds such as moneyline, Hong Kong, or Malaysian. In case Indonesian odds are still somewhat vague, 90JILI’s article will be useful to help you understand how this type of odds is used in betting and how to convert it to other odds, with specific examples, of course.
Indonesian Odds Definition
As introduced above, Indonesian odds are not only used in this country or, familiar to local players. Almost every live betting house, especially Asian bookmakers, offers this type of odds to players.
Indonesian odds are used by bookmakers with the name “INDO” odds. This type of odds is similar to the American Moneyline odds that you often see. For each Moneyline odds, you need to divide this ratio by 100 to get the Indo odds. With a Moneyline odds of +120, the Indo odds will simply be 1.20.
You will often see this type of odds in the form of numbers with two decimal places. The convenience and the reason why this type of odds is popular with many Asian players is that players can easily calculate the profit of the bet. Indo odds will start from 1.00 for a profit-equal-to-equity bet.
How Indonesian Odds Work
There are always two types of Indo odds, positive and negative.
Positive Indo Odds
Of the two types of Indo odds, the bet with the higher payout is known as positive Indo odds. Positive Indo odds are those with a “+” symbol before the number, or sometimes the odds show a positive number alone. Betting on positive Indo odds means you bet one currency unit to receive a return corresponding to the odds. For example, for the UEFA 2020 match, the first half Hungary vs Germany Over/Under bet has an INDO Hungary – Over odds of 2.85. For every $1,000 you bet, you can receive $2,850 (= $1,000 x 2.85).
Negative Indo Odds
Negative Indo odds are preceded by a “-” symbol and placed on the team that the bookmaker believes has a higher probability of winning, known as the Over team. However, negative Indo odds represent the amount of money you need to bet to win 1 unit of currency.
For example, in the same match, Hungary – Germany Euro 2020, the negative Indo odds for Hungary – Under in the first half are -4.35. To win 1,000 USD, you need to bet 4,350 USD (= 1000 USD x 4.35).
How to Use Indonesian Odds
If you know how Indonesian odds work, the next step is to calculate your profit when you start betting on sports. Along with the profit, the bet amount will also be refunded to the winning player. Here is the formula to calculate the return and profit when you bet on the same match, Hungary – Germany, in the first half of Euro 2020.
Germany (Over): -1.56
Germany (Under): 1.31
You bet 100 USD on Under and win:
Profit = Bet x Positive Indo Odds = 100 x 1.31 = 131 USD.
You bet 100 USD on Over and won:
Profit = Bet/Negative Indo Odds = 100/1.56 = 64,103 USD.