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Hong Kong odds can be intimidating for players who don’t know how they work, but they’re easy to learn. Our expert guide will show you exactly how to use HK odds and why they’re such a great choice – plus, we’ll share top online bookmakers in Asia using Hong Kong odds.
Our guide will teach you:
Hong Kong odds are available at tonnes of the best online betting sites in Asia, so sign up today and help yourself to a chunky welcome bonus!
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.
Hong Kong odds come from an area which is known for gambling. Whether it’s in person or online, lots of players from the region love to place sports bets, jump into casino games, and bet online in other ways. With so many bets being placed at online sportsbooks in Hong Kong, a simple betting system is needed. Hong Kong odds are certainly easy to understand; you don’t even need to deal with negative values, as all bets are above 0. If you’re making a bet which is even odds, it will be displayed as ‘1’. Anything below that leans towards a favourite, anything above that is more of an outside shot. The higher the number, the more you’ll receive if you 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.
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.
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.
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
HK Jockey Club football odds are legal, fun, and widely available online. If you’re into sports betting you’ll probably come across it, so it’s a great choice for an example to learn HK football betting odds.
Stake: 10 units
Odds: 0.35
Bet: Manchester United to beat Liverpool in the English Premier League
Calculation: (0.35 1) x 10
Outcome: 13.5 units (including stake)
Horse racing bets in Hong Kong also fall under the HK Jockey Club making them widely available. You can place bets on all of the best and most exciting horse races from around the world including the Kentucky Derby, the Prix de l’Arc de Triomphe and Royal Ascot.
Stake: 32 units
Odds: 2.8
Bet: Battaash to win Royal Ascot
Calculation: (2.8 1) x 32
Outcome: 121.6 units (including stake)
Cricket sports bets are easy to make and very popular all over Asia. From the Indian Premier League (IPL) to the Cricket World Cup, you can enjoy Hong Kong odds on all types of cricket betting markets.
Stake: 15 units
Odds: 1
Bet: Pakistan to beat Sri Lanka in the Cricket World Cup
Calculation: (1 1) x 15
Outcome: 30 units (including stake)
It’s incredibly easy to convert HK odds to decimal odds. All you have to do is add a 1 to the number and your Hong Kong odds effortlessly change to decimal odds!
Here are a few examples to show you how simple it is to change HK odds to decimal odds:
| HK Odds | Decimal Odds |
|---|---|
| 0.35 | 1.35 |
| 1 | 2 |
| 3.5 | 4.5 |
Naturally, this works both ways. So, if you need to convert decimal odds to Hong Kong odds, simply subtract 1.
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.
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. 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. 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.
