Indonesian Odds | What Are Indonesian Odds? How Do They Work?

Indonesian Odds | What Are Indonesian Odds? How Do They Work?

The Indonesian odds format represents the amount of money a bettor stands to win for every unit stake they place

What Are Indonesian Odds?

The Indonesian odds format, also known as “Indo odds”, is commonly used in Indonesia and other Southeast Asian countries.

In Indonesian odds, the odds are presented as positive (+) or negative (-) numbers. Positive numbers indicate underdogs and potential profit a bettor can earn per 1 unit if they win the bet, while negative numbers represent favourites and the amount a bettor must wager in order to win a profit of 1 unit.

For example, if a football team is listed at +1.50 in Indonesian odds, it means that a bettor stands to profit 1.5 times their stake if the team wins the game. So, if a bettor places a bet of 100,000 Indonesian Rupiah on that team and they win, the bettor will receive 150,000 Rupiah in profit, in addition to their original stake.

On the other hand, if a team is listed at -0.50 in Indonesian odds, it means that the bettor needs to risk 0.5 units to win a profit of 1 unit. So if a bet of 50,000 Rupiah wins, the bettor will receive their original stake plus a profit of 100,000 Rupiah.

The formula for calculating the profit for a bet placed at positive (+) Indonesian odds bet is as follows:

Profit = stake x odds

The formula for calculating the profit for a bet placed at negative (-) Indonesian odds bet is as follows:

Profit = stake x (-1 / odds)

It is worth noting that Indonesian odds are simply American odds divided by 100. 

To calculate the implied probability of Indonesian odds, use the following formulas:

  • For positive odds, the formula for implied probability is: (1 / (odds + 1) x 100
  • For negative odds, the formula for implied probability is: (odds / (odds – 1))  x 100

For example, for odds of +1.0 , the implied probability would be (1/ 2) x 100  = 50%. 

For odds of -3.0 the implied probability would be: (-3 / -4) x 100 = 75% 

Example 1

Manchester United to win against Chelsea in a football match at odds of +1.75 with a stake of $100:

  • Return = stake x (odds +1) = $100 x (1.75 + 1) = $275
  • Profit = stake x odds = $175

Example 2

Rafael Nadal to beat Novak Djokovic in a tennis match at odds of -2.0 with a stake of $100:

  • Return = (stake x (-1 / odds)) + stake = $50 +$100 = $150
  • Profit = stake x (-1 / odds) = $50

Example 3

New York Yankees to beat Boston Red Sox in a baseball game at odds of -1.5 with a stake of £50:

  • Return = (stake x (-1 / odds)) + stake = $33.33 +$50= $83.33
  • Profit = stake x (-1 / odds) = $33.33

Pros & Cons of Indonesian Odds

Here are pros and cons of using Indonesian odds in sports betting:

Pros

  • Similar to American Odds

    Indonesian odds are simple and easy to understand for anyone accustomed to the American odds format (Moneyline). This is due to the use of positive and negative values to represent the payout.

  • Clear Indication of Favourite and Underdog

    The positive and negative decimal values make it clear which team is the favourite and which is the underdog, while the odds provide an indication of the potential payout.

  • Simple Calculations for Payouts

    The odds indicate the amount of profit that can be won for every 1 unit wagered, or what must be wagered to win 1 unit. This means that bettors can quickly determine their potential winnings without having to do complex calculations.

Cons

  • Limited Availability

    Indonesian odds are not widely used outside of Southeast Asia, which can make it difficult for bettors in other regions to find bookmakers showing them.

  • Confusing for Beginners

    While Indonesian odds are easy to use once you are familiar with them, they can be confusing for beginners to understand and calculate payouts.

  • Difficult to Compare to Other Odds Formats

    Odds in Indonesian format are not easily comparable to those in decimal or fractional odds. They'll need to be converted first.

More Odds Formats

Fractional Odds | What Are Fractional Odds? How Do They Work?
Decimal Odds | What Are Decimal Odds? How Do They Work?
American Odds | What Are US Moneyline Odds? How Do They Work?
Hong Kong Odds | What Are HK Odds? How Do They Work?
Malaysian Odds | What Are Malay Odds? How Do They Work?
Implied Probability | The Chance Of An Event Occurring
Toby @ Punter2Pro
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