Understanding Betting Odds on Parimatch: A Beginner’s Guide

Parimatch is being considered as one of the most popular sites by the Indian users, when it comes to wagering on the sports events. There are a number of reasons for this, as Parimatch covers a variety of events related to sports such as cricket, soccer, tennis, table tennis, basketball, baseball, volleyball, virtual sports, cyber sports and others. In addition, Parimatch can offer competitive odds that will provide you with higher winnings. In this guide, you can learn more about the betting odds offered by the Parimatch website and understand how it works, even if you are a beginner.

What Are Betting Odds?

Before we get into the types of odds offered on the Parimatch website, let's understand what bookmaker odds are. Odds are just the numbers that the bookmaker has determined to determine the probability of an event taking place. These are indicated by various factors such as team performance, player form, and historical data. It also helps to know about the winnings, which can be secured while placing funds on the chosen market. For example, India has less odds in the match against Pakistan, and this means that India has a higher chance of winning in the next game.

Types of Betting Odds on Parimatch

Parimatch is able to offer multiple types of odds to the users, which include European, British, Hong Kong, Malaysian, American, and various others. Nevertheless, some of the most commonly used odds by players on the Parimatch website are as follows:

Decimal odds (European odds) on Parimatch

European Odds or Decimal Odds are commonly used by all gamblers on the Parimatch website. In these odds, you will be able to easily calculate your winnings, and they have also been easier for new users to understand.

The formula which is used to calculate winnings in these odds is, Total Payout = Stake × Decimal Odds. For example, if you're placing 100 INR on a cricket team which has the odds of 1.38, you will be able to win 100 × 1.38 = 138 INR. However, it should be noted that the 138 INR won also includes the initial stake which you placed on the same.

Fractional Odds (UK Odds) on Parimatch

The next type of odds which can be found at this site is the Fractional Odds or UK Odds. As the name suggests, these are represented in the form of fractions such as 6/5, 2/1, etc., and they are commonly used in the United Kingdom. In order to calculate the winnings, the formula used here is, Profit = (Stake × Numerator) ÷ Denominator.

For example, if you placed 2000 INR on a team with the odds of 2/1, your profit will be (2000 × 2) ÷ 1 = 4000 INR. And it should be noted that 4000 INR will only be the profit, and the total amount you'll receive also includes the bet amount of 2000 INR, which makes it 6000 INR.

Moneyline Odds (American Odds) on Parimatch

The moneyline odds have also been easier for the players to determine their winnings, and they are determined in the form of positive and negative integers. The positive odds will tell you about the potential winnings you will be able to secure with a bet of 100 INR, and the negative odds will show how much you need to place to win 100 INR.

For example, if you placed 100 INR on a team with +300 odds, you will be able to receive winnings of 300 INR, and the total payout will be 400 INR. And if you want to play on a team with –150 odds, you should have placed at least 150 INR to gain a profit of 100 INR through the same.