Sports Betting in Malaysia
Malaysian sports betting is centered around soccer. Estimates run as high as 90% of all wagers placed in the country are bets on soccer matches. Although there are laws in place to try and curb this gambling, the underground gambling economy has truly flourished. Betting exchanges are very popular as well in countries such as Malaysia, allowing punters to back teams against each other and the house takes it’s cut from the winner.
Here are a few examples that will help illustrate the conversion from American odds into Malaysian odds and back again. Malaysian Odds are expressed in decimals, either positive or negative. If the odds are “0” then it is an exact 50/50 bet and will pay out 1/1. This bet might come into play with a total or two closely matched clubs.
Let’s take a look at some examples. The first one deals with an soccer match pitting Brazil and Germany. Brazil is a favorite and picked to win. The Malay Odds are 0.4.
Example 1: Brazil to beat Germany, Malay odds +0.4
Payout: Stake x (1+ Malay odds) $200 x (1+ .4) = $280
Winning: Stake x (Malay Odds) $200 x .4 = $80
This shows that you will win $80 for every $200 wagered on Brazil. Using an online odds calculator, we come up with American Odds of -250.
Example 2 is from the same game, but an in-game bet with the score Brazil 2-0. Brazil is favored to win at a -400 clip using American Odds.
Example 2: Germany to beat Brazil, Malay odds -.25
Payout: Stake x (1 -1/Malay Odds) $200 x (1+1/-.25) = $1000
Winning: Stake x 1/Malay Odds $200 x (1/.25)= $800.
Notice that the decimal always is positive for any winning bet calculations.
Example 3 is a simple one where you are betting on the total in the Brazil vs Germany soccer match and you want to take the over 2.5 goals. This bet has Malay Odds of 0. As was stated earlier, this bet will pay out 1/1. So for every $100 bet, $100 would be paid out for the over.
Malay Odds are pretty simple to figure out once you get the hang of it. There are lots of online tools that can be used to convert to and from American, Euro, Hong Kong, and Malay Odds, so if you use a book that lists the odds in Malay Odds format, you can easily go back and forth. Hopefully this article helped explain the thought process behind the odds format and was helpful in figuring out how much you can win for each unit risked so that you can make the best use out of the best sports betting sites.
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Positive Malay odds are represented by a ‘+’ symbol or no symbol at all. The bigger the number, the more you’ll win. For instance, let’s say you bet on over 2.5 goals in a football match between Manchester United and Chelsea at Malay odds of 0. You will win $100 for every $100 you stake.
It’s easy to convert Malay odds to decimal. To convert positive Malay odds to decimal, simply add 1. So Malay odds of 1.5 will be 2.5 in decimal. Converting negative Malay odds to decimal requires you to divide 1 by the Malay odds and add 1. The formula for Malay odds of -1.5 is 1/1.5 = 0.67 + 1 = 1.67.
Malay odds and Indonesian odds follow a similar pattern, but they aren’t the same. While both formats use 1.00 as a base and are presented as positive or negative numbers, there’s a big difference. Positive odds in Indo odds will be negative in Malay odds and negative odds in Indo are positive in Malay odds.