If you’re new to online betting on LotusBook, one thing that can seem confusing at first is betting odds. Don’t worry — you’re not alone! In this simple guide, we’ll explain what odds mean, how they work on LotusBook, and how to use them to place smarter bets. Let’s dive in, desi-style.
🧐 What Are Betting Odds?
In simple words, odds show you how much money you can win if your prediction is correct.
For example, if the odds are 2.00, and you bet ₹100, you will win ₹200 (₹100 profit + ₹100 original bet).
Odds also reflect the probability of an event. Lower odds mean higher chances of winning, and higher odds mean riskier but bigger rewards.
📊 Types of Betting Odds on LotusBook
LotusBook mainly uses Decimal Odds, which are very simple to understand. But let’s look at all 3 popular formats:
1. Decimal Odds (used in India)
- Format: 1.50, 2.00, 3.25, etc.
- Example: Odds of 2.00 means ₹100 bet = ₹200 return.
- Easy to calculate: Odds × Stake = Total Return
2. Fractional Odds (used in UK)
- Format: 5/2, 10/1, etc.
- Example: 5/2 = For every ₹2 bet, you win ₹5.
3. Moneyline Odds (used in USA)
- Format: +150 or -120
- Not commonly used on Indian platforms like LotusBook.
✅ On LotusBook, you mostly deal with Decimal Odds – the easiest type!
💡 How to Read Odds on LotusBook
Let’s say you’re betting on a cricket match:
- India to win: 1.60
- Australia to win: 2.40
If you bet ₹1,000 on India:
- Return = 1.60 × ₹1,000 = ₹1,600 (₹600 profit)
If you bet ₹1,000 on Australia:
- Return = 2.40 × ₹1,000 = ₹2,400 (₹1,400 profit)
👉 Higher odds = Bigger return, but risk is also higher.
🔢 Odds Calculator Tip
You can also use an online betting odds calculator to quickly check your possible returns. But with decimal odds, it’s as simple as:
🧮 Odds × Bet Amount = Total Return
⚠️ How Odds Change in Live Betting
LotusBook offers live betting, and here the odds keep changing in real-time based on the match situation.
For example, if India is losing early wickets, their odds might jump from 1.60 to 3.20, offering you a chance to place a high-risk, high-reward bet.
To learn how live betting works, check our upcoming blog on Live Betting Tips (coming soon!).
🧠 Pro Tips for Beginners
- Start with low-risk bets and smaller amounts.
- Avoid chasing high odds without proper research.
- Compare odds for multiple events and multi-bet options.
- Use LotusBook’s cricket ID for cricket-specific bets.
🔗 Related Guides to Help You Start
- Don’t have an ID yet? Here’s our Step-by-Step Guide to Create LotusBook ID.
- Facing login issues? Read the Login Help Guide.
- Want to understand how the app works? Download the LotusBook App here.
🎯 Final Words
Betting odds are the foundation of every bet you place on LotusBook. Once you understand how they work, you’ll start enjoying the game more — and playing smarter. Always remember to bet responsibly, and don’t let emotions control your decisions.
