What are Asian Odds?
Asian odds refers to a form of fixed odds betting in which the draw element of a two-way tie is removed, leaving bettors with two possible options – win or lose. In Asian odds betting a handicap is applied to the weaker competitor, ensuring there is a 50-50 chance for either side: or as close to it as possible. This ‘Asian Handicap’ is also referred to as ‘Hang Cheng’.
Asian Odds Explained
The form of sports betting which is practised most often in Eastern Asia is known as ‘Asian odds’, or the ‘Asian handicap’. Known locally as ‘Hang Cheng‘, this form of sports betting has spread to parts of Europe and the United States, and it can be found online at many bookmakers as well as in some betting shops.
In Asian odds betting, players select the winner from a choice of two options – usually the winner of a soccer match, though bookmakers have started offering Asian odds against other sports. A handicap line is applied to balance out the stronger and weaker team, so each side of the betting line has a fairly even chance of success. The bookmaker then needs to attract a decent amount of bets for both sides of the book.
To eliminate the possibility of a draw, theoretical half-point handicaps are often applied to the betting line. In some instances where teams are closely matched, a quarter-point handicap might be used. This kind of bet is growing in popularity as it broadens the range of outcomes a bettor can win against. For example, selecting a team with a large handicap to lose the game can come up with a win, if the favorite team wins by a small margin. Some Asian odds bets do not apply the handicap, such as when the chance between two teams is fairly even – in these instances, a draw results in the stake being returned while a win or loss plays out like any other fixed odds bet.