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Indonesian odds, also known as Indo odds, are similar to American odds. They both use plus ( ) and minus (-) signs to indicate whether a selection is the favourite or underdog, while no sign implies positive odds. The key difference is that American odds are divided by 100 to get Indonesian odds. Therefore, American odds of 115 are expressed as 1.15 in Indo odds. Easy, right?
If you’re confused as to how Indonesian odds work, don’t worry, our experts are here to help. In this guide, we provide you all the information you need to know to start using Indo odds today.
Read on to learn how to calculate Indonesian odds with ease, how to convert Indo odds into fractional odds, and how to work out your returns. With our examples and in-depth explanations, you’ll be ready to place a real money bet using Indonesian odds today.
Despite the name, Indonesian odds aren’t limited to the Asian continent. It’s one of the most popular forms for betting odds in the world along with Malay odds, so it’s important that you get yourself up to speed with how to use Indonesian betting odds. Indonesian odds are very similar to American odds, they are the same odds divided by 100.
The positive numbers, such as 115, are simply expressed as 1.15, and the plus sign is always implied if it is not there. Negative odds in the Indonesian format simply show how much money you must risk in order to win one unit. Usually these odds are displayed to two decimal places, sometimes more for certain bets.
Using Indonesian-style odds, an even money bet would be quoted as 1.00.
If you’re already familiar with American odds, that’s a great start, because there are many similarities between the two. But, if you’re not, don’t worry – our expert guide will tell you everything you need to know on how to use indo betting odds!
Here, we’ll show you how to use Indonesian betting odds – including Indonesian odds examples to make things easy to understand:
There are two types of Indonesian odds: positive and negative. Bets which pay out at higher odds are referred to as positive indo odds. You’ll know the odds are positive if there’s either a ‘ ’ symbol before the number, or no symbol at all.
Similar to American odds, the number will represent the odds of the wager. The difference is that it will be based on one unit wagered.
For example, Indonesian odds of 2.00 (or 2.00) mean you’ll win two units for every one unit wagered, plus your stake back. 3.00 would mean three units for every one unit wagered, 2.8 would mean 2.8 units for every one wagered, and so on.
With a positive indo bet, you’ll always make at least double your money on winning bets.
Negative indo bets are the inverse of positive Indonesian bets. Negative indo betting odds are represented by a ‘-‘ symbol before the digits.
Like positive odds, negative indo odds are based on one unit. However, the number you are looking at doesn’t show how much you could win – it shows how much you need to bet in order to win one unit.
For example, Indonesian odds of -1.50 mean you’ll need to risk 1.50 units in order to win one unit. Odds of -4.8 mean you’ll have to wager 4.8 units in order to win one unit and so on. Of course, you’ll receive your stake back on top.
Negative indo odds occur on events which are deemed more likely. So, if you’re betting on the favourites of a sporting event, the chances are you’ll receive negative indo odds.
Here are some examples to better illustrate how Indonesian odds work:
Brazil to beat Japan
Brazil are listed at Indonesian odds of -1.15. This means that for each unit won, you would need to risk 1.15 units.
This means you’re risking $115 to secure $100 in profit (risking 1.15 units to win 1 unit).
A successful $115 bet returns $215.
Japan to beat China
China is listed as the underdog at Indonesian odds of 2.10.
This means that for each unit bet, you would win 2.10 units.
A successful $100 bet returns $210, so you’re risking $100 to win $110 (risking 1 unit to win 1.1 units).
The big difference between ‘ ’ and ‘–’ Indonesian odds is that in the first example you are risking more than one unit to win one unit. In the second example, you are risking one unit to win more than one unit. For even money bets, you risk $1 to win win $1.
Indonesian sports betting is a sore subject in that country. Sports betting is technically illegal, making it very hard for fans to bet on their favorite teams and games. Of course, this ban on sports betting has simply driven most action into the shady underworld along with other activities the authorities deem questionable. The police are constantly struggling with average folks simply looking to get some action down on the games.
With the internet, it is easy for unregulated books to open up shop and offer lines to Indonesians. This has led to police watching Wi-Fi hot spots such as bars and restaurants where customers have laptops on and are watching sports. It is rumored that bookies simply use the web as a conduit and direct bettors to certain sites to place bets, and then make transfers via bank accounts discreetly and out of police view. In most cases it is said that bookie and customer never meet.
Of course, not every country has banned sports betting, and many sites based in other countries will happily accept Indonesian players. These sites usually quote customers in local odds and deal in local currency, so it may become important for Indonesians to get familiar with American, HK, or European odds and get used to exchange rates in dollars or euros.
Also, most books that accept Indonesians are available in English only, so that may cause inconvenience in some cases. Of course the trade-off may be better odds and more secure payments than a shady underground operation.
Once you’ve mastered indo odds, you’ll want to flex your new knowledge by placing some real money bets on the best Asian sports betting sites. But where to begin?
Here are some of the most popular sports to bet on in Indonesia, along with top tips and strategy:
Placing real money bets on cricket is a popular pastime all over Asia, and Indonesia is no exception. You can place wagers on the ICL, Cricket World Cups, Indonesia national cricket team and more.
Because cricket is so popular in Asia, there is a lot of information ahead of each match day. This covers everything from injury updates to weather forecasts. Use this information to your advantage and place bets based on research before each game.
You’ll spot no shortage of football (soccer) betting at Indonesian sportsbooks covering all the most exciting games around the globe. This includes top leagues like the English Premier League (EPL), La Liga, and Serie A in Italy.
The football (soccer) betting industry is huge, allowing you to bet on some really minor aspects of the games such as number of corners, minute of the first goal and so on. Check out these smaller markets for untapped potential rather than only focusing on the more obvious bets.
One of the nation’s favourite sports, Indonesian athletes frequently win major badminton competitions like the Asia Team Championships. Sports fans in Indonesia are some of the best placed in the world to bet on badminton.
Pencak Silat – sometimes spelled ‘pentjak silat’ – is a popular Indonesian martial arts sport. All of the top Asian online betting sites will give you the chance to place real money bets on this full contact sport, and a wealth of local articles and news will help you get the edge on the bookmakers.
Whether you’re in the mood for badminton sports bets, cricket wagers or something completely different, you’ll find a market for it at one of our favourite online bookmakers in Asia. Sign up via the banner below and grab a chunky welcome bonus today.
Once you know how to use Indonesian betting odds it’s super easy to calculate your profit margins. If you’re used to fractional odds, it won’t take long to master decimal odds and easily switch between the two.
Here, our experts will show you a simple guide on how to work out Indonesia odds profit:
Multiply the final figure by your stake
Example: India have Indonesian odds of -3.60 to beat Sri Lanka in the Cricket World Cup and we bet 10 units. We strip the number of unnecessary zeros to get -3.6.
Next, we divide -1 by -3.6 to get 0.27. That’s how much we’ll win for each unit wagered. Finally, we multiply 0.27 by our stake of 10 units to get 2.7. This means we’ll win 2.7 units of profit, plus our stake of 10 units, for a total of 12.7.
If you are in Indonesia, make sure you are careful about who you bet with and against. Again, it is questionable in the eyes of the law and this causes some unique situations and problems, but as always there are opportunities as well. It makes sense to become familiar with American odds, online calculators, and the English language if you plan on betting in Indonesia.
Of course if you are just visiting you may decide to give up sports betting while you are on vacation, but what’s the fun in that?
