###### Odds
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# Hong Kong Odds

Hong Kong, or HK, odds are relatively easy to follow and express. These odds are simply yet another expression of the relationship between your initial stake and your potential profit. Different locations express odds in different formats and it is always helpful to know the local ‘language’ when it comes to gambling.

## How Hong Kong Odds Work

Hong Kong odds are very simple, and only show how much you will win for each unit wagered. HK odds may be the simplest of all formats to understand. If the odds are a decimal lower than 1, the team is a favorite, and you will win back less than 1 unit for each unit wagered. For odds of exactly 1, you are looking at an even money bet that pays out 1/1. And for any odds above 1, you will get paid more than one unit for every one wagered if your selection happens to win.

Here are a few examples of Hong Kong odds in everyday use. You will notice a lot of similarities between HK odds and other odds formats, such as Malay odds. Many believe HK odds are the simplest and easiest to understand odds in the world.

#### Example 1: Japan to beat China

Payout: Stake x (1 + HK odds)

\$200 x (1 + .4) = \$280

Profit: Stake x HK odds

\$200 x .4 = \$80

This means you stand to win \$80 for every \$200 bet. If you lose, of course, the entire \$200 goes to the bookmaker.

#### Example 2: Japan vs China (Over 2.5 Goals)

Payout: Stake x (1 + HK odds)

\$200 x (1 + 1) = \$400

Profit: Stake x HK odds

\$200 x 1 = \$200

This bet is 1/1 (even money). If there are three or more goals, you win the exact amount you wagered. If there are less than three goals, you lose your stake.

#### Example 3: Japan to Win Group A

Payout: Stake x (1 + HK odds)

\$200 x (1 + 4.2) = \$1040

Profit: Stake x HK odds

\$200 x 4.2 = \$840

These odds are more of a longshot and represent an outright bet in which Japan is picked to come out of their group stage and advance by winning the group. As you can see, the odds are over 4/1 for this bet.

## Sports Betting in Hong Kong

Sports betting in Hong Kong is very sophisticated and developed. There are many large syndicates that place huge wagers on everything from soccer to horse racing, all trying to grind out any edge they can find and exploit the book.

An edge of 1 or 1.5% may not seem like much, but when you’re betting \$250,000 and more per game, this can add up fast. There are many ‘runners’ employed in Hong Kong to simply place bets for others in exchange for a cut of the profits, or for a flat payout no matter if the bet wins or loses. If you’re looking for action, Hong Kong will certainly satisfy your cravings.

There are traditional bookies in Hong Kong, both online and underground, as well as the betting exchanges that have become popular online. Depending on how much action is needed, a combination of all three types of bookies may be used. Again, large syndicate action is common in Hong Kong.

These groups use computer programs to figure out where they have an edge and try to get down as much action as possible, wherever they can bet big. It is an interesting topic and one that is covered in articles and books throughout Hong Kong.

## Final Thoughts on HK Odds

Be sure to check our odds converter tool that can be used to easily convert various odds formats, including HK, Malay, American, and UK odds. Our convertor does all the math for you at the click of a button, and will give you an easy way to express odds in different formats.

HK odds are very similar to UK odds, except instead of using fractions, HK odds use decimals. This makes it a bit easier to figure the math out on the fly.

## FAQs

#### What are Hong Kong odds?

Also known as HK odds, Hong Kong odds are considered one of the simplest odds formats. Plus (+) and minus (-) symbols are used to express the relationship between your initial stake and your potential profit. For instance, Team A might be +1.25, the draw may be +0.25, and Team B may be -1.25.

#### How do Hong Kong odds work?

If you place a bet which is even odds (1/1 or evens in fractional odds or 2.00 in decimal odds), it will be displayed as ‘1’ in Hong Kong odds. Anything below that is usually a favourite and anything above is more of an outside shot. For instance, Team A would be the favourite at -1.25 versus Team B at +1.25.

#### How do you convert HK odds to decimal odds?

It’s easy to convert HK odds to decimal odds. You simply add 1 to the HK odds to get the decimal equivalent. For instance, you would add 1 to HK odds of 3.5 to get the decimal equivalent of 4.5. This works both ways. You simply subtract 1 from decimal odds to get HK odds.
Q.

#### How much would you win in Hong Kong odds?

A.
The bigger the number in Hong Kong odds, the more you will win. If you bet HK\$100 on Kitchee to win the Hong Kong Premier League at odds of +5.00, you would win HK\$500. If you bet HK\$100 on Pegasus winning the league at odds of +10.00, you would win HK\$1000.