Hong Kong was under British rule until 1997 when it was handed over to China, therefore the odds system is also quite similar to our own but we should sort out the differences.
How does Hong Kong odds work?
Hong Kong odds are very similar to decimal odds and it also relatively easy to calculate the possible payout with these types of odds for sportsbetting. If you have a Hong Kong odds of 1.5 and the bet is €10, your win will be €15 + your bet of €10. So you get a total of €25 back.
Some betting sites have a conversion table that allows you to switch between the different odds system so that you can use one that suits you.
How are Hong Kong odds constructed?
In the Hong Kong odds, 1.00 is even and this means that if you place a bet of €10 on a game with 1.0 in odds, you win €10, plus your bet of €10 which means a total of €20 back.
Hong Kong odds above and under 1.0
Odds below 1.0 have a higher probability than 50% that that team will win (favourite).
Odds above 1.0 have a lower probability than 50% that that team will win (underdog).
Conversion of Hong Kong odds
If you want to convert Hong Kong odds to decimal odds just add 1 to the odds so a Hong Kong odds of 1.5 will be 2.5 with decimal.
How to calculate profit with Hong Kong odds?
To get your profit, use the formula:
Your bet x odds = your win