Where to start with football betting? Football betting is a massive concern for bookmakers because it makes up such a huge chunk of their turnover. The popularity of football betting has grown and grown and withso many different football betting types available for a match, where do you start? Right here, with an explanation of some of the most common types of bets placed on football matches.
This is the most common bet that will be placed on football matches. This is the prediction of the outcome of the match.
You can either back a home win, a draw or an away win. Those are your
three options and you just place your wager on one option if you are
happy with the price that you are being offered on the outcome. Match
Bets are also commonly referred to as Match Outrights, WXD or 1x2. It’s all the same thing, the X simply standing for the drawn outcome.
Correct Score Bet
A hugely popular market because
of the long odds that are in there (and the bragging rights for landing
a winner!). It is hard to pull off a correct score bet because of so
many potential outcomes. However, the best way to approach a correct score option
is starting by deciding whether the game or not is going to going to be
a high scoring one. If you are expecting a low scoring game then you
can narrow your options down on the favourite to win 1-0, 2-0 or 2-1.
The appeal in the market is the huge odds because even the shortest
priced option in the field is going to probably be around 6/1. It’s not a market to bank on a lot of the time but is a great side bet option for a small stake.
Betting on First Goalscorer or Anytime Goalscorer
Like the Correct Score market, the first goalscorer market in a game is
hugely popular because of the big prices which can be found in there.
If there is a match where a striker who is in great scoring form is
featuring, or a certain player has a great history of scoring against
the opposing team, then the First Goalscorer market can offer the chance of a huge profit.
It’s generally never a sound idea to throw a lot of money at this
market because of its unpredictability. Punters will usually see the
better coverage in backing a player to score at anytime in a game instead of backing them as the first goalscorer. Why? It eliminates some risk.
Let’s say Player A is in great form and is a 5/1 First Goalscorer option in a game. He will have at least a one in 20 shot of being the one
to open the scoring (twenty outfield players starting a game). But look
at him at a price of 6/5 to score anytime in the game, and that’s still
a decent price and you are cutting down the risk (as well as the odds)
by not defining him in such a niche area as being the first one to score. It has a more realistic chance of returning profit.
Half Time/Full Time
An often overlooked market but one that has decent risk/reward in it.
If Barcelona was playing a match in the UEFA Champions League against
someone like Malmo, it would naturally be assumed that the Spaniards
would be heavy favourites and at an odds-on price which would need a
huge stake by a punter to return some profit. But looking at the Half Time/Full Time market splits the outcome of
the match into two (but contained in the same bet). The Half Time
portion being the half time result and the Full Time portion being the
result at the final whistle. So with this bet you can make a call on
who will be winning at half time (or a draw) and what the final result
will be. If a strong team has scored most of their goals in the second half of a game and they are opposing a team who may well frustrate and hold out for 45 minutes, you can could take better value in backing the stronger team
(in this case Barcelona) in a Draw/Barcelona Half Time/Full Time bet
for a much better price than just backing them to win the game outright.
Double Chance Bets
This is a market for backing a team who are slight underdogs in a match. The Double Chance option will allow you
to back a team to either Win or Draw the match, giving you double the
chance of taking some returns. Of course this comes at reduced odds
when compared to taking one of the options in the outright match
betting market. But if there is a hint that an underdog may pull off a
shock win, but should in a worst case scenario take a draw, then this market can offer a nice bit of extra insurance.
Draw No Bet
This is a football betting market which can cover a fair amount of
scenarios. The premise of this bet is that you are taking insurance in
case the team you back happens to draw the game. It is essentially the
same as backing a winner in a Match Bet, say Manchester City to beat
Chelsea, but if Chelsea were to hold out for a draw then you would get
your money back. It’s a great way to insure yourself on matches which
are likely to be close. As with all insurance type bets, there will be
a cost of lower odds than backing a team to win in the outright market.
Each way bet
An each way bet is a very common term. This is usually applied to tournament or league betting.
Just like an each way bet in horse racing, you are covering a place
finish. A place finish is usually 2nd, 3rd or 4th. Having a selection
finish in one of the designated ‘places’ you will be paid out at 1/4
odds (the most common percentage payout for a place market). So let’s
say you backed Liverpool to win the English Premier League at a price
of 8/1. If you had bet £1 on Liverpool and they finished second, third
or fourth in the league you would be paid out at 2/1 odds for a £2 win.
Again, it is a type of insurance bet but with no sacrifice of odds if
Liverpool actually won the league.