Typical of any betting site, Danagg Official offers competitive odds and sports betting deals to entice Indonesian punters. The most popular are the competitive odds and deals offered on football matches that bettors worldwide consider as the most exciting sports betting product.
Although betting in any form is strictly prohibited in Indonesia by virtue of Islamic laws prevailing in the country, sports betting is widely practised by the nation’s punters. As a matter of fact, the 2022 online survey conducted by TGM Researchers revealed that about 79% of the 70.3% of Indonesians who watched the FIFA World Cup 2022, placed online bets on the outcomes of the football matches.
Actually, the number of Indonesian sports bettors has been increasing since the young generations of Internet users have now come of age. They are apparently demonstrating great interests in sports betting.
However, football betting for newbie punters can be complicated for those who have little understanding of how betting deals and odds work. While the idea of betting on the outcomes of football matches attracts novice punters, the concept of betting based on odds is deemed confusing.
What Exactly Does Betting on Odds Mean?
Betting on odds means considering the potential winnings that a bet will yield when staked on a particular team, usually on a punter’s favorite team. Yet seasoned bettors consider the competitiveness of the odds that bookmakers offer for major matches.
Mainly because the outcome of a game can boost the amount of winnings if a punter placed bets on the team deemed to have greater odds or lower possibility of winning against a favorite or stronger opponent. The less likely that a team has potentials for winning, the greater the rewards offered by bookmakers on those betting on the “dark horse” so to speak.
To cite an example, let’s say that a bookmaker offers a 2/1 betting odds on a team of one’s choice. A successful bet will yield a payout of $2 for every $1 bet plus a return of the amounts staked as bet. A $5 bet therefore will reward players $10 ($2 x $5) plus the return of the $5 staked as a bet on the match. This brings the total payout to $15.
Some bookmakers display betting odds using decimals , which for our 2/1 example is equivalent to 3.0. This means that a successful 3.0 wager on a $1 dollar bet will reward the punter with $2 prize money plus the return of the $1 wager staked on a supported team. A $5 bet therefore, if successful, will reward a winning bettor a total of $15. The calculation is inclusive of the $5 bet returned and added to the $10 prize.
