Types of Football Betting Odds

Introduction 

When it comes to betting, football is most popular sport. A massive 40% of the money is spent by bettors wagering on the beautiful game. Hence, it’s essential to know all the key features of the football betting markets. The massive volume of matches has helped the betting industry grow. It has given bettors a chance to place a wager on a whole host of markets. Many betting sites such as W88 at cachvaow88.com offer deals and attractive competitive odds. So, let’s first get to know about football betting, the types and the odds to cut through the markets’ confusion.

There are many football matches for one to bet on. Bookies provide odds on the probability of the outcome of matches and events within the game. These probabilities include the number of goals scored; corners won, red and yellow cards shown and individual goalscorers. Several bookmakers will have special offers and competitive odds to try and give you the best value bet. Once the event’s outcome is confirmed, the winner will be paid the original stake plus the winnings from the odds.

Types of bets

• Match Bet

The match bet is the most convenient form of football betting. You must bet on the ultimate result of the match. However, match bets are paid after 90 minutes. If the scores are level, the draw is the winning bet. The result after extra time or penalties does not change the betting odds.

• Bet builder/same game multi

Bet builders are a recent addition to the concept of football betting. Despite this, their popularity has skyrocketed in recent years. Sometimes referred to as the same game multi’s, these bets effectively accumulate outcomes from a single match rather than several matches.

• Player props/Player stats

Player props bets are a practical demonstration of how far the betting markets have evolved from the traditional simple goal scoring or cards markets. You can now bet on individual players to have shots, shots on target, the first, last or anytime goalscorer or to be booked or sent off.  

• Asian Handicap Bet 

In an Asian Handicap bet, your selection must overcome a handicap. What makes the chance unique is that it eliminates the possibility of a draw in betting terms.

• European handicap bet

A European handicap has striking similarities to an Asian handicap. Still, with two main differences, the draw remains an option, and the other is that the handicaps are only ever whole numbers.

• Half time/Full time

In half time and full-time football betting, you can bet on the first half of the second half. You can bet on the home team or draw for one or both halves.

• Double Chance

Double chance lets you bet on any two of the three outcomes of the match. Such a form of betting increases your chance of winning.

• Accumulators

As the name suggests, accumulators combine multiple bets into one bet. That paves the way to a large amount of money, which is why this form of betting is prevalent. 

• Goalscorer Betting

Goalscorer betting is as simple as its name. It involves placing a bet on a particular player to score during a match.

• Over and Under betting

It is a bet on the total number of times an event (e.g. goals, corners, yellow cards) will happen during a match. A bookmaker sets odds. These odds roughly represent the ratio between the stake and winnings on particular outcomes. They are usually shown as fractions(eg.2/1) but can sometimes be portrayed as decimals(2.00). The bettor can decide to choose between the two. For example, if the outcome has odds of 2.00, it means that the bettor wins £2 for every £1 wager.

Types of odds in football betting

• Fractional Odds

Fractional odds are otherwise known as the UK odds. These odds feature a hyphen or slash. For example, 6/1 or 6-1. These hyphens or slashes translate to a win of £6 for every £1 bet. You also win the wager you contributed.

• Money line Odds

Money line odds are popular among American bookies and are also called American odds. The famous team and more likely to win have odds of winning the game represented by a negative sign. The negative sign indicates how much you must put to stake to take home £100. On the other hand, a positive sign is used for the underdogs in the match. It indicates the amount that can be won for each £100 that is wagered. Whether you win by betting, you will get back the amount you stake in addition to your winnings.

• Decimal Odds

The decimal odds are extremely popular. They have alternate names, including continental odds, digital odds, or European odds, as they are prevalent in Australia, Canada, New Zealand and Europe. The numbers in decimal odds indicate your win for every £1. These odds represent the total payouts instead of the profits.  

• Hong Kong Odds

Hong Kong odds are widely famous in Hong Kong. That gives them their name. They resemble fractional odds and only differ in the way profits are calculated. The total payout is calculated by multiplying the odds by the bet you place. For example, you put £100 on a team with odds of 100/0.5; this means you will win £50 plus the £100 you wagered if the team wins.

The takeaway

Once you have known the essentials of football betting, you can go easy and straightforward, picking out good value bets to win money and avoid the disappointment of losing. You can always make football exciting by placing bets, but remember to gamble responsibly and in a healthy environment.