Odds Calculator Philippines
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Understanding Betting Odds
Picture this: You're watching Ginebra battle it out against San Miguel in a nail-biting PBA finals game. Your heart says Ginebra, but the odds show them at +240. Your friend claims that's a "bad bet," but another buddy insists it's "great value." Who's right? The truth is, without understanding what those numbers actually mean, you're essentially betting blind.
Whether you're placing your first ₱100 wager on a UAAP basketball game or you're a seasoned bettor looking to sharpen your edge, understanding odds is the difference between informed betting and expensive guesswork. In the Philippines, where sports betting continues to grow in popularity across everything from international boxing matches to local PBA action, knowing how to read and calculate odds isn't just helpful—it's essential.
Okebet's odds calculator takes the guesswork out of betting mathematics. In seconds, you can:
- Convert between all major odds formats (American, Decimal, Fractional)
- Calculate exact winnings for single bets with any stake amount
- Build and analyze parlays with multiple selections across different sports
- Compare potential returns before placing your wager
This guide is designed for Filipino bettors at every level. If you're new to sports betting, we'll walk you through the fundamentals with local examples you'll recognize. If you're already familiar with the basics, you'll discover advanced strategies and mathematical insights that can improve your betting approach.
By the end of this comprehensive guide, you'll confidently navigate any sportsbook, understand exactly what every odds format means, and use our calculator like a pro to maximize your betting strategy.
Understanding Betting Odds Fundamentals
What Are Betting Odds?
Think of betting odds as the sportsbook's language for communicating two crucial pieces of information: how likely something is to happen and how much you can win if it does happen. At their core, odds are simply a mathematical expression of probability with a built-in profit margin for the bookmaker.
Let's break this down with a familiar example. When Manny Pacquiao stepped into the ring against younger opponents in his later career, sportsbooks had to answer a fundamental question: "What are the chances the legend can pull off another victory?" If they believed Pacquiao had a 40% chance of winning, they wouldn't offer even money (1-to-1) odds. Instead, they'd offer odds that reflect this probability while ensuring they make money regardless of the outcome.
The dual purpose of odds:
- Probability Indicator: Odds tell you what the sportsbook believes is likely to happen
- Payout Calculator: Odds determine exactly how much you'll win for every peso wagered
Same probability, different formats:
Pacquiao being a 40% chance to win might appear as:
- +150 in American odds
- 2.50 in decimal odds
- 3/2 in fractional odds
All three represent the exact same probability and payout, just written differently. This is why understanding odds formats is crucial—you want to recognize value regardless of how it's presented.
The Relationship Between Risk and Reward
One of the most important concepts in sports betting is the inverse relationship between probability and payout. Simply put: the less likely something is to happen, the more you win if it does happen.
Consider these scenarios from Philippine sports:
High Probability, Low Payout:
Betting on a heavily favored Ateneo team against a struggling opponent in UAAP basketball
- Odds might be -400 (1.25 decimal)
- You're very likely to win, but you need to risk ₱400 to win ₱100
Low Probability, High Payout:
Betting on a massive underdog in a PBA playoff series
- Odds might be +800 (9.00 decimal)
- You're unlikely to win, but a ₱100 bet returns ₱800 if successful
The key insight: Neither bet is inherently "better" than the other. What matters is whether the odds accurately reflect the true probability of the outcome. This is where skilled bettors find their edge—identifying when odds don't match reality.
Understanding Implied Probability
Every set of odds contains what's called "implied probability"—the percentage chance of an event occurring according to the sportsbook. Learning to quickly convert odds to probability is one of the most valuable skills for any bettor.
Quick Conversion Examples:
- Even odds (₱100 to win ₱100) = 50% probability
- -200 American odds = 66.7% probability
- +300 American odds = 25% probability
- 2.00 decimal odds = 50% probability
- 4.00 decimal odds = 25% probability
When you can instantly recognize these probabilities, you start seeing betting opportunities everywhere. If you believe Ginebra actually has a 35% chance to win a game where they're listed at +400 (20% implied probability), you've potentially found a value bet.
The House Edge (Overround)
Here's something many Filipino bettors don't realize: when you add up the implied probabilities for all possible outcomes of a game, they don't equal 100%. They typically add up to 104-110%, and this extra percentage is the sportsbook's built-in profit margin, called the "overround" or "vig."
Example with a simple PBA game:
- Team A: -110 (52.4% implied probability)
- Team B: -110 (52.4% implied probability)
- Total: 104.8%
That extra 4.8% is how sportsbooks guarantee profit over time, regardless of which team wins.
Understanding this helps explain why consistent winning in sports betting requires skill, research, and discipline—you're not just trying to pick winners, you're trying to overcome this mathematical disadvantage.
The most successful bettors don't fight the house edge; they work within it by finding genuine value bets where the odds are more generous than the true probability warrants.
The Three Main Odds Formats
American Odds (Moneyline): The Plus and Minus System
American odds, also called moneyline odds, might seem confusing at first glance, but they're actually quite logical once you understand the system. These odds are built around a ₱100 base bet and use positive and negative numbers to indicate favorites and underdogs.
Negative Numbers (-) = Favorites
When you see a negative number, it tells you how much you need to bet to win ₱100.
- -150: You must bet ₱150 to win ₱100 (total return: ₱250)
- -300: You must bet ₱300 to win ₱100 (total return: ₱400)
- -500: You must bet ₱500 to win ₱100 (total return: ₱600)
Positive Numbers (+) = Underdogs
When you see a positive number, it tells you how much you win if you bet ₱100.
- +150: Bet ₱100 to win ₱150 (total return: ₱250)
- +300: Bet ₱100 to win ₱300 (total return: ₱400)
- +500: Bet ₱100 to win ₱500 (total return: ₱600)
Real Philippine Example:
Let's say Barangay Ginebra is playing against Magnolia in a PBA semifinals game:
Ginebra: -180 (favorite)
If you bet ₱1,000 on Ginebra at -180:
- You risk ₱1,000 to win ₱556
- Total return if you win: ₱1,556
Magnolia: +155 (underdog)
If you bet ₱1,000 on Magnolia at +155:
- You risk ₱1,000 to win ₱1,550
- Total return if you win: ₱2,550
American odds are particularly popular on international sportsbooks that cater to Filipino bettors, especially for NBA, NFL, and major boxing matches.
Decimal Odds: The Multiplier System
Decimal odds are arguably the most intuitive format because they directly show your total return for every peso wagered. Simply multiply your stake by the decimal number to see your total payout (including your original bet).
How Decimal Odds Work:
- 2.00: Double your money (₱100 bet returns ₱200 total)
- 1.50: Get back ₱1.50 for every ₱1 bet (₱100 bet returns ₱150 total)
- 3.75: Get back ₱3.75 for every ₱1 bet (₱100 bet returns ₱375 total)
Real Philippine Example:
UAAP Season 86 Men's Basketball Championship odds:
Ateneo: 1.85
If you bet ₱500 on Ateneo:
- ₱500 × 1.85 = ₱925 total return
- Profit: ₱425
UP Fighting Maroons: 1.95
If you bet ₱500 on UP:
- ₱500 × 1.95 = ₱975 total return
- Profit: ₱475
Why Filipinos Love Decimal Odds:
Decimal odds are standard across most Asian and European sportsbooks, making them familiar to Filipino bettors who use international platforms. They're also perfect for quick mental math—no complex calculations needed.
Advanced Decimal Example:
Imagine you're building a parlay with three selections:
- Lakers to beat Warriors: 2.10
- Over 220.5 points in Celtics vs Heat: 1.90
- Canelo to win by decision: 2.40
Parlay odds: 2.10 × 1.90 × 2.40 = 9.58
A ₱100 parlay bet would return ₱958 total (₱858 profit).
Fractional Odds: The Traditional Ratio
Fractional odds, written as fractions like 3/1 or 5/2, represent the ratio of profit to stake. While less common in modern Filipino betting, you'll still encounter them in horse racing and some traditional sportsbooks.
Reading Fractional Odds:
The format is Profit/Stake:
- 3/1: Win ₱3 for every ₱1 bet (₱100 bet wins ₱300)
- 5/2: Win ₱5 for every ₱2 bet (₱100 bet wins ₱250)
- 1/4: Win ₱1 for every ₱4 bet (₱100 bet wins ₱25)
Philippine Horse Racing Example:
At the Manila Jockey Club, you might see:
- Horse A: 2/1 (bet ₱100, win ₱200 + get back your ₱100 = ₱300 total)
- Horse B: 7/2 (bet ₱100, win ₱350 + get back your ₱100 = ₱450 total)
- Horse C: 1/3 (bet ₱300, win ₱100 + get back your ₱300 = ₱400 total)
Converting Fractional to Decimal:
This is crucial for using our calculator:
- 3/1 = (3 ÷ 1) + 1 = 4.00 decimal
- 5/2 = (5 ÷ 2) + 1 = 3.50 decimal
- 1/4 = (1 ÷ 4) + 1 = 1.25 decimal
When You'll See Fractional Odds:
- Traditional horse racing (both local and international)
- Some UK-based sportsbooks popular with Filipino bettors
- Certain prop bets and special markets
- Historical odds comparisons
Quick Conversion Reference
Understanding how the same probability looks across all three formats helps you spot value regardless of how odds are displayed:
| Probability | American | Decimal | Fractional |
|---|---|---|---|
| 80% chance | -400 | 1.25 | 1/4 |
| 66.7% chance | -200 | 1.50 | 1/2 |
| 50% chance | +100 | 2.00 | 1/1 (Evens) |
| 40% chance | +150 | 2.50 | 3/2 |
| 25% chance | +300 | 4.00 | 3/1 |
| 10% chance | +900 | 10.00 | 9/1 |
Reading and Interpreting Odds
Mastering odds interpretation is like learning to read the market's mind. Every number tells a story about probability, value, and opportunity—skills that separate profitable bettors from casual gamblers.
Probability Calculation: Decoding What Odds Really Mean
Converting odds to probability is like having X-ray vision for betting—suddenly you can see through the numbers to understand what the sportsbook really thinks will happen. This skill separates casual bettors from those who consistently find value.
Converting Decimal Odds to Probability (The Filipino Standard)
Since decimal odds are the standard format across most Asian sportsbooks popular with Filipino bettors, mastering this conversion is essential.
Decimal Odds to Probability Formula:
Probability (%) = (1 ÷ Decimal odds) × 100
Common Examples:
- 2.00 odds = (1 ÷ 2.00) × 100 = 50%
- 1.50 odds = (1 ÷ 1.50) × 100 = 66.7%
- 3.00 odds = (1 ÷ 3.00) × 100 = 33.3%
- 4.50 odds = (1 ÷ 4.50) × 100 = 22.2%
Quick Mental Math Tricks:
- Odds of 2.00 = exactly 50% (coin flip)
- Odds around 1.25 = about 80% (heavy favorite)
- Odds around 1.67 = about 60% (moderate favorite)
- Odds around 5.00 = about 20% (long shot)
Real-World Philippine Example
Let's analyze a typical PBA playoff game between TNT and Meralco:
- TNT: 1.80 (55.6% implied probability)
- Meralco: 2.05 (48.8% implied probability)
Notice something? 55.6% + 48.8% = 104.4%, not 100%. That extra 4.4% is the sportsbook's edge (overround).
Understanding Overround/Vig: The House's Built-in Advantage
The overround is why sportsbooks stay in business. It's the mathematical cushion that ensures they profit regardless of outcomes. In the Philippines, typical overrounds range from 4-8% depending on the sport and market.
Sports with Lower Overround (Better for Bettors):
- Major football leagues (Premier League, La Liga): 4-6%
- NBA regular season games: 4-5%
- Popular tennis matches: 5-6%
Sports with Higher Overround:
- PBA games: 6-8%
- UAAP basketball: 7-10%
- Niche sports and props: 10-15%
Calculating Fair Odds:
To find what odds should be without the house edge:
Using our TNT vs Meralco example:
- TNT fair probability: 55.6% ÷ 104.4% = 53.3%
- Meralco fair probability: 48.8% ÷ 104.4% = 46.7%
- Fair odds would be: TNT 1.88, Meralco 2.14
Identifying Value Bets
A value bet occurs when you believe the true probability is higher than what the decimal odds suggest. This is where profitable betting begins.
Example: If you believe Ginebra has a 65% chance to beat San Miguel, but they're offered at 2.20 (45.5% implied probability), you've found potential value.
Your edge calculation:
- Your assessment: 65% chance
- Market assessment: 45.5% chance (1 ÷ 2.20)
- Potential edge: 19.5 percentage points
Common Odds Ranges: What the Numbers Tell You
Understanding typical decimal odds ranges helps you quickly assess any betting situation. Here's how to read the market based on common odds patterns in Philippine sports betting:
Heavy Favorites (1.20 to 1.50 decimal)
What this means: The sportsbook believes there's a 66-83% chance of this outcome.
Philippine Examples:
- Ateneo vs a bottom-tier UAAP team: Often 1.15 to 1.25
- Manny Pacquiao vs unknown opponent (in his prime): 1.20 to 1.35
- Golden State Warriors vs rebuilding team: 1.25 to 1.40
Pros:
- High probability of winning
- Good for parlays
Cons:
- Huge risk for small reward
- One loss wipes out many wins
Slight Favorites (1.50 to 1.91 decimal)
What this means: 52-66% chance of winning—competitive games with a clear but not overwhelming favorite.
Philippine Examples:
- Ginebra vs San Miguel in PBA Finals: Usually 1.67 to 1.83
- UP vs Ateneo in UAAP basketball: Often 1.71 to 1.77
- Philippines vs Thailand in AFF Championship: Typically 1.56 to 1.67
Strategy Sweet Spot: These odds ranges often provide the best combination of value and probability for serious bettors who do their homework.
Pick'em Situations (1.91 to 2.10 decimal)
What this means: Essentially a coin flip—both teams have nearly equal chances.
Philippine Examples:
- Rival PBA teams with similar records
- UAAP championship games
- Boxing matches between equally ranked fighters
Expert Tip: Pick'em games are where Filipino bettors can excel by leveraging local knowledge about team chemistry, coaching matchups, and situational factors that international sportsbooks might miss.
Clear Underdogs (2.10 to 4.00 decimal)
What this means: 25-47% chance of winning—significant underdogs but not impossible.
Philippine Examples:
- Rain or Shine vs Ginebra in playoffs: 2.80 to 3.20
- Smaller UAAP schools vs Big 4: 2.50 to 3.50
- Filipino boxer vs international champion: 3.00 to 4.50
The Underdog Sweet Spot: This range often provides excellent value because public tends to overbet favorites and emotional factors inflate favorite prices.
Long Shots (4.00+ decimal)
What this means: Less than 25% chance—high risk, high reward territory.
Philippine Examples:
- Blackwater vs any top PBA team: Often 5.00 to 7.00
- Underdog in boxing title fight: 6.00 to 11.00
- Major upset special in any sport: 9.00 to 21.00
When Long Shots Make Sense:
- Injury situations: Star player gets hurt during warm-ups
- Motivation factors: Team fighting relegation vs complacent favorite
- Style matchups: Defensive team vs high-scoring favorite
- Weather/venue factors: Outdoor sports with unexpected conditions
Real-World Examples: Philippine Sports in Action
Let's examine actual betting scenarios Filipino bettors encounter regularly, showing how to apply decimal odds knowledge to maximize your advantage.
PBA Basketball Scenario: Ginebra vs San Miguel Finals Game 7
The Setup:
- Barangay Ginebra: 1.83 (54.6% implied probability)
- San Miguel Beermen: 2.00 (50% implied probability)
- Total overround: 104.6%
Your Research Reveals:
- Ginebra has won 4 of the last 6 Game 7s in PBA history
- San Miguel's import has been battling a minor ankle injury
- Ginebra historically performs better in high-pressure situations
- The game is at Smart Araneta Coliseum (neutral venue)
Betting Decision:
This represents a value bet on Ginebra. The combination of historical Game 7 performance and the import's injury concerns suggests the true probability is closer to 60-65%, not the 54.6% implied by 1.83 odds.
Calculation: ₱1,000 bet on Ginebra at 1.83 = ₱1,830 total return (₱830 profit)
UAAP Basketball: Ateneo vs UP Championship Game
The Odds:
- Ateneo Blue Eagles: 1.56 (64.1% implied probability)
- UP Fighting Maroons: 2.55 (39.2% implied probability)
- Total overround: 103.3% (reasonable for major college game)
Value Assessment:
The odds heavily favor Ateneo based on their championship pedigree, but UP's psychological edge from breaking the winning streak might not be fully reflected in the line. The 2.55 on UP could offer value if you believe the true probability is closer to 45%.
Calculation Examples:
- ₱500 on Ateneo at 1.56: Returns ₱780 total (₱280 profit)
- ₱500 on UP at 2.55: Returns ₱1,275 total (₱775 profit)
International Boxing: Filipino Fighter vs Foreign Champion
The Market:
- Nonito Donaire Jr.: 3.20 (31.3% implied probability)
- International Champion: 1.36 (73.5% implied probability)
- Total overround: 104.8%
Value Consideration:
At 3.20, you're getting strong odds on a veteran who's historically performed well in championship fights. If your research suggests Donaire has a 40% chance (rather than the implied 31.3%), this becomes a strong value bet.
Filipino Factor:
Consider that international sportsbooks might undervalue Filipino fighters due to unfamiliarity with recent training camp reports and underestimating home crowd support.
Calculation: ₱500 bet on Donaire at 3.20 = ₱1,600 total return (₱1,100 profit)
Single Bet Calculations
Master the mathematics of betting returns. Whether you're placing a ₱50 bet on your favorite PBA team or considering a ₱5,000 wager on a major boxing match, knowing your exact returns prevents costly mistakes.
Basic Win Calculations: The Mathematics of Betting Returns
Understanding how to calculate potential winnings is fundamental to smart betting. The beauty of decimal odds is their simplicity and consistency.
The Universal Formula for Decimal Odds
Total Return = Stake × Decimal Odds
Profit = Total Return - Stake
Decimal Odds Calculations (The Filipino Standard)
Since decimal odds are the most common format in Philippines, let's master these calculations with local peso examples.
₱100 Bet Examples:
- At 1.50 odds: ₱100 × 1.50 = ₱150 (₱50 profit)
- At 2.00 odds: ₱100 × 2.00 = ₱200 (₱100 profit)
- At 2.75 odds: ₱100 × 2.75 = ₱275 (₱175 profit)
- At 4.20 odds: ₱100 × 4.20 = ₱420 (₱320 profit)
₱500 Bet Examples:
- At 1.25 odds: ₱500 × 1.25 = ₱625 (₱125 profit)
- At 1.83 odds: ₱500 × 1.83 = ₱915 (₱415 profit)
- At 3.40 odds: ₱500 × 3.40 = ₱1,700 (₱1,200 profit)
- At 6.50 odds: ₱500 × 6.50 = ₱3,250 (₱2,750 profit)
₱1,000 Bet Examples:
- At 1.67 odds: ₱1,000 × 1.67 = ₱1,670 (₱670 profit)
- At 2.35 odds: ₱1,000 × 2.35 = ₱2,350 (₱1,350 profit)
- At 5.00 odds: ₱1,000 × 5.00 = ₱5,000 (₱4,000 profit)
Quick Mental Math for Common Odds
Easy Calculations:
- 2.00 odds: Simply double your stake
- 1.50 odds: Add 50% to your stake
- 3.00 odds: Triple your stake
- 1.25 odds: Add 25% to your stake
Slightly Harder but Common:
- 1.75 odds: ₱200 × 1.75 = ₱350
- 2.50 odds: ₱400 × 2.50 = ₱1,000
- 4.50 odds: ₱100 × 4.50 = ₱450
Different Stake Scenarios: Adapting to Your Betting Strategy
Smart bettors adjust their stake sizes based on confidence level, bankroll size, and the specific value they perceive in each bet. Let's explore common staking approaches used by successful Filipino bettors.
Fixed Peso Amount Strategy
This approach involves betting the same amount regardless of odds or confidence level. It's simple and helps prevent emotional decision-making.
| Decimal Odds | Total Return | Profit | Probability |
|---|---|---|---|
| 1.25 | ₱125 | ₱25 | 80% |
| 1.67 | ₱167 | ₱67 | 60% |
| 2.00 | ₱200 | ₱100 | 50% |
| 3.50 | ₱350 | ₱250 | 28.6% |
| 6.00 | ₱600 | ₱500 | 16.7% |
*Based on ₱100 fixed stakes
Percentage-Based Bankroll Betting
Many professional bettors use percentage-based staking, adjusting bet size based on their total bankroll. This approach automatically scales with your success or protects during losing streaks.
Conservative 0.5%
- ₱30,000 bankroll = ₱150 per bet
- Maximum protection
- Ideal for beginners
Standard 1%
- ₱30,000 bankroll = ₱300 per bet
- Good balance
- Most recommended
Aggressive 2%
- ₱30,000 bankroll = ₱600 per bet
- Higher potential returns
- For experienced bettors
Confidence-Based Staking
This advanced approach varies bet size based on how strongly you believe in each selection. It requires honest self-assessment and detailed record-keeping.
High Confidence (3%)
- Extensive research supports position
- Clear value identified
- Historical data strongly favors selection
- ₱25,000 bankroll = ₱750 bet
Medium Confidence (2%)
- Good research with supporting factors
- Mild value detected in odds
- Reasonable likelihood of success
- ₱25,000 bankroll = ₱500 bet
Low Confidence (1%)
- Gut feeling or minor value play
- Limited research available
- Experimental bets or long-shots
- ₱25,000 bankroll = ₱250 bet
Practical Examples: Real Filipino Betting Scenarios
Let's apply these calculation methods to actual betting situations Filipino sports fans encounter regularly.
PBA Season Bet: TNT Championship Odds
Scenario:
- TNT Tropang Giga to win Philippine Cup
- Odds: 5.50 decimal
- Your Assessment: 25% chance
- Market Assessment: 18.2% chance
Different Stake Options:
- ₱500 Fixed: ₱2,750 return (₱2,250 profit)
- 2% Bankroll (₱30k): ₱600 bet = ₱3,300 return
- Kelly Criterion: Suggests 8.3% = ₱2,490
Recommendation: Most bettors would use quarter-Kelly (2.1% of bankroll = ₱630) for more conservative growth while still capitalizing on the significant perceived value.
Weekend Portfolio: Multi-Game Strategy
Saturday-Sunday betting plan with ₱2,000 total budget:
Game 1 - PBA (High Confidence)
- Ginebra 1.91 vs Blackwater
- Stake: ₱800 (40% of budget)
- Return: ₱1,528 (₱728 profit)
- Reasoning: Massive talent disparity
Game 2 - UAAP (Medium Confidence)
- UP 1.91 with +6.5 points vs Ateneo
- Stake: ₱600 (30% of budget)
- Return: ₱1,146 (₱546 profit)
- Reasoning: UP plays Ateneo tough
Game 3 - International (Low Confidence)
- NBA player prop bet at 2.80 odds
- Stake: ₱200 (10% of budget)
- Return: ₱560 (₱360 profit)
- Reasoning: Experimental matchup bet
Reserve Fund
- ₱400 held for live betting
- Allows flexibility for in-game value
- Can increase stakes if early games win
Weekend Outcome Scenarios:
Best Case (3-0)
₱1,634 profit (81.7% ROI)
Realistic (2-1)
₱500-900 profit (25-45% ROI)
Worst Case (0-3)
₱1,600 loss (₱400 reserve left)
Live Betting Calculation Example
Halftime Scenario:
- Ginebra leads 52-48
- Pre-game: Ginebra 1.45
- New Line: Ginebra 1.73 to win second half
- Alternative: Over 88.5 second half at 2.05
Quick Comparison:
- Ginebra 2nd half: 57.8% chance needed
- Over 88.5 points: 48.8% chance needed
- ₱500 on Ginebra: ₱865 return (₱365 profit)
- ₱500 on Over: ₱1,025 return (₱525 profit)
Decision Factor: Choose based on which scenario you assess as more likely. Live betting requires quick, accurate calculations to identify value before lines move.
Betting Terminology: Your Complete Reference Guide
Master the language of sports betting with this comprehensive glossary. From basic terms every beginner should know to advanced concepts used by professional bettors.
Basic Terms
Essential terminology that every sports bettor should understand before placing their first wager.
Stake
The amount of money you wager on a bet. Also called your "bet amount" or "wager."
Example: "I placed a ₱500 stake on Ginebra to win."
Payout
The total amount you receive back if your bet wins, including your original stake.
Example: A ₱100 bet at 3.00 odds pays out ₱300 total.
Profit/Winnings
The money you earn from a winning bet, not including your original stake.
Example: ₱100 bet at 3.00 odds = ₱300 payout - ₱100 stake = ₱200 profit.
Odds
Numbers that represent the probability of an outcome and determine your potential payout.
Example: Ateneo at 1.75 odds means 57% chance to win and ₱175 return for every ₱100 bet.
Favorite
The team or player expected to win, indicated by lower odds (closer to 1.00).
Example: Ginebra at 1.45 vs Blackwater at 2.80 - Ginebra is the favorite.
Underdog
The team or player expected to lose, indicated by higher odds.
Example: In the above scenario, Blackwater at 2.80 is the underdog.
Pick'em/Pick
A game where both sides have nearly equal odds, usually around 1.90-2.00.
Example: TNT 1.95 vs San Miguel 1.95 - essentially a coin flip.
Push
When a bet ends in a tie (mainly in handicap/spread betting), and stakes are returned.
Example: You bet Ateneo -5.5, they win by exactly 5 points - no winner or loser.
Void
A bet that's cancelled due to unforeseen circumstances (player injury, game postponement).
Example: A player prop bet becomes void if the player doesn't participate.
Bankroll
The total amount of money you've set aside specifically for betting.
Example: "My monthly bankroll is ₱10,000, so I bet 2% (₱200) per game."
Advanced Terms
Professional betting concepts and terminology used by serious sports bettors and industry experts.
Implied Probability
The percentage chance of an outcome according to the odds.
Formula: (1 ÷ decimal odds) × 100
Example: 2.50 odds = (1 ÷ 2.50) × 100 = 40% implied probability
Value Bet
A bet where you believe the true probability is higher than what the odds suggest.
Example: You think Ginebra has 60% chance to win, but odds show 1.90 (52.6% implied) - this is value.
Expected Value (EV)
The average amount you expect to win or lose per bet over time.
Formula: (Win Probability × Profit) - (Loss Probability × Stake)
Positive EV = profitable long-term, Negative EV = losing long-term
Overround/Vig/Juice
The built-in profit margin for sportsbooks, why total probabilities exceed 100%.
Example: Team A 1.90 (52.6%) + Team B 1.95 (51.3%) = 103.9% total (3.9% overround)
Sharp Money
Bets placed by professional or highly skilled bettors.
Example: "Sharp money is on the underdog, that's why the line moved."
Public Money
Bets placed by recreational bettors, often based on emotion or bias.
Example: "Public money always bets on Ginebra regardless of the matchup."
Line Movement
Changes in odds before a game starts, usually due to betting action or new information.
Example: "Ateneo opened at 1.70 but moved to 1.85 after injury news."
Steam Move
Rapid, significant line movement across multiple sportsbooks simultaneously.
Example: "There was a steam move on the over when the weather forecast changed."
Closing Line
The final odds just before an event starts, considered the most accurate.
Example: "I got Ginebra at 1.75, but the closing line was 1.65 - I got value."
Reverse Line Movement (RLM)
When odds move opposite to where most of the betting money is going.
Example: 80% of bets on Team A, but odds move in favor of Team B (sharp money on Team B)
Units
A standardized way to measure bet sizes relative to bankroll.
Example: "I won 5 units this week" = 5 times your standard bet size
Kelly Criterion
A mathematical formula to determine optimal bet sizing based on perceived edge.
Used by professionals to maximize long-term growth while managing risk
Arbitrage (Arb)
Betting on all possible outcomes across different sportsbooks to guarantee profit.
Example: Team A at 2.10 on Site 1, Team B at 2.05 on Site 2 = guaranteed profit
Hedging
Placing a bet on the opposite outcome to guarantee profit or minimize loss.
Example: You have a ₱1000 future bet on TNT at 8.00. In the finals, you bet ₱2000 on their opponent at 1.60 to guarantee profit either way.