Millions of Kenyans engage in sports betting with football being the first choice for most punters. Whichever your favourite sport is, you should be committed to understanding how betting odds and markets work. Learn more in our guide below.
Exploring Types of Betting Odds in Kenya
Betting odds determine the probability of a given outcome and the payout you will get if your prediction is correct. Higher odds pay out more if you place a winning bet. When you choose a popular betting website like captains bet, you can expect to find the most competitive odds in Kenya. Great odds motivate many bettors to create an account and bet on football and other sports. Leading operators in the Kenyan market use the following odds formats.
Decimal Odds
The decimal odds format is the most common option offered by betting sites in Kenya. This is the simplest format because you only need to multiply your bet by the odds to calculate the payout amount for a correct prediction.
Example: Let’s say a football match has odds of 2.0 and your bet is Ksh 500.
Payout = Ksh 500 x 2
Payout = Ksh 1,000
Fractional Odds
This format is not popular in Kenya, but some betting sites may offer fractional odds as an alternative. If a sport has fractional odds of 3/1 (three to one), the bettor wins Ksh 3 for every Ksh 1 they bet, plus the initial bet.
Moneyline Odds
The moneyline odds format is often used by sportsbooks that target bettors in the US. Odds for favourites have a minus (-) sign while odds for underdogs have a (+) sign. If an event has odds of +150, your profit from a Ksh 100 bet is Ksh 150. On the other hand, odds of -150 imply that you must bet Ksh 150 to win 100 shillings.
People Watching Football Game in a Stadium
Popular Betting Markets in Kenya
Leading betting sites in Kenya cater to all punters by covering the most popular sports and bet types. Here are the most common betting markets available in the country:
- Outright: A bet on the overall winner of a league or tournament.
- Moneyline or Match Winner: Bet on a player or team to win a particular game.
- Over/Under: Betting on the total number of goals, runs, or points to be greater or lower than the projected amount.
- Parlay or Accumulator (Acca): A single bet with multiple selections.
- Correct Score: Placing a bet on the exact score when a match ends.
- Double Chance: Betting on one of the teams to either win or draw.
- Both Teams to Score: A bet on each team to score at least one goal or point.
- Handicap: Bets with handicaps give one team a theoretical advantage or disadvantage. A -1 handicap means that the team must score 2 or more goals for your bet to win.
Other less popular betting markets in Kenya vary from one sport to another.
Conclusion
Before choosing a sports betting site in Kenya, it is important to understand how sports betting odds work and the various markets offered. This will help you place bets strategically with the right information.
