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

Posted on by Toby @ Punter2Pro
  • The Indonesian odds format uses positive and negative values to express potential profit relative to the stake.

What Are Indonesian Odds?

Indonesian odds, often referred to as Indo odds, are a betting odds format commonly used in Indonesia and parts of Southeast Asia. The format uses positive and negative numbers to distinguish between underdogs and favourites, making it closely related to American odds.

Positive Indonesian odds show the profit that can be won for every unit staked, while negative Indonesian odds show how much must be risked to win one unit of profit. For example, odds of +1.50 would generate £15 profit from a £10 stake, while odds of -2.00 require a £20 stake to generate £10 profit.

One of the defining features of Indonesian odds is their relationship to American odds. In simple terms, Indonesian odds are equivalent to American odds divided by 100. As a result, bettors who are familiar with US moneyline betting will often find Indonesian odds easier to understand than some other Asian odds formats.

While Indonesian odds are less common in Europe and North America, they remain widely used by Asian sportsbooks and betting exchanges. Bettors exploring international betting markets may therefore encounter this format regularly.

How To Calculate Returns From Indonesian Odds

To calculate the profit from an Indonesian odds bet, use the following formulas.

Positive Odds:

Profit = Stake × Indonesian Odds

For example, a $100 bet at odds of +1.75 would generate:

  • Profit = $100 × 1.75 = $175
  • Total Return = $175 + $100 = $275

Negative Odds:

Profit = Stake × (-1 ÷ Indonesian Odds)

For example, a $100 bet at odds of -2.00 would generate:

  • Profit = $100 × (-1 ÷ -2.00) = $50
  • Total Return = $50 + $100 = $150

Most modern betting sites calculate returns automatically, but understanding the formulas can help when comparing prices and assessing potential payouts.

Indonesian Odds & Implied Probability

Indonesian odds can be converted into an implied probability, which represents the likelihood of an outcome occurring according to the bookmaker’s price. The formulas are:

Positive Odds:

Implied Probability = (1 ÷ (Indonesian Odds + 1)) × 100

Negative Odds:

Implied Probability = Indonesian Odds ÷ (Indonesian Odds - 1) × 100

Examples:

  • +1.00 = 50.00%
  • +2.00 = 33.33%
  • -1.00 = 50.00%
  • -3.00 = 75.00%

Implied probability can be useful when comparing betting opportunities and assessing value. However, bookmakers build a profit margin into their odds, meaning the implied probability does not necessarily represent the true probability of an outcome occurring.

To learn more about this concept, see our guide to Implied Probability.

Pros & Cons of Indonesian Odds

Indonesian odds are widely used by some Asian sportsbooks and provide a compact way of displaying both favourites and underdogs. While they can take some time to learn, many bettors appreciate their direct approach once they become familiar with the format.

Pros

  • Clearly Identifies Favourites And Underdogs

    Positive and negative values immediately indicate whether a selection is the underdog or favourite. This allows bettors to assess a market quickly without comparing multiple prices.

  • Derived From American Odds

    Indonesian odds are effectively American odds divided by 100. Bettors familiar with US moneyline betting will often find the format relatively easy to understand.

  • Compact And Efficient Format

    Compared to American odds, Indonesian odds use smaller numbers while conveying the same information. This can make odds displays easier to read and compare.

  • Widely Used By Asian Sportsbooks

    Indonesian odds are commonly offered by Asian bookmakers and betting exchanges. Understanding the format can therefore be useful when exploring international betting markets.

Cons

  • Can Be Confusing For Beginners

    The use of both positive and negative values, combined with different calculation methods, can make Indonesian odds difficult for new bettors to understand initially.

  • Less Common Internationally

    Outside Southeast Asia, decimal odds are generally more widely used. As a result, many bettors may be unfamiliar with Indonesian pricing.

  • Different Formulas For Positive And Negative Odds

    Calculating returns and implied probabilities requires separate formulas depending on whether the odds are positive or negative. This makes the format less straightforward than some alternatives.

  • Less Common In Betting Content

    Most betting guides, tipsters, and sports media use decimal, fractional, or American odds. Indonesian odds are therefore encountered less frequently in betting discussions and analysis.

Find The Right Betting Site

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Implied Probability | The Chance Of An Event Occurring
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Fractional Odds | What Are Fractional 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?
Toby @ Punter2Pro
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