Football is undoubtedly one of the most popular sports in the world. Everyone, regardless of country, shares a great passion for this massive sport. Then, football has a vast number of events and matches happening in various locations throughout the year, making it one of the best sports for betting.
Anyone can bet on football. There are many sports betting sites that offer football betting odds for every matchup, and they might use different kinds of odds. Therefore, it is essential to understand football betting odds before you play football betting with real money.
Betting odds are classified into three types: fractional odds, decimal odds, and money line odds. They are different ways of presenting the same odds and will not affect the payout.
1. Fractional Odds
Fractional odds are when two numbers are separated by a trailing slash, such as 9/1. With this, you may calculate or predict how likely a specific event is to occur. For clarity, let’s replace the numbers with letters, thus 9/1 becomes A/B. Here’s how it works: B / (A+B) = Probability (%):
- 9/1 can be calculated as 1 / (9 + 1) = 0.10
- Hence, the event has a 10% chance of occurring
With fractional odds, you may calculate how much you can get for a winning bet. Let’s replace the numbers with letters again, i.e. 9/1 becomes A/B. You will win A plus the return of your stake for every value of B that you wager. For example:
- 9/1 for every $10 you bet, you will win $90.
- 1/1 for every $10 you bet, you will win $10.
- 1/9 for every $90 you bet, you will win $10.
2. Decimal Odds
Decimal odds are a more common and easier alternative to viewing football betting odds. In decimal odds, the number has included the total payout rather than just the profit alone, making it easier to calculate. For example, total payout = odds * stake.
- 0 can be calculated as 9.0 * $10 stake = $90
- As the stake is included, deducting $10 from this return means it gives you the $80 net profit earned.
3. Moneyline Odds
Moneyline odds are popular in the United States. The mechanism is different as it works separately for favorites and underdogs. Favorite odds are denoted by a minus (-) symbol and represent the amount you must stake to win $100. Underdog odds, on the other hand, are denoted by a positive (+) symbol and reflect the amount won for every $100 staked.
For example, A moneyline of +150 means that the football team has +150 odds of winning ($100 to win $150). A -150 moneyline represents -150 odds ($150 to win $100) for the stated team to win.
When it comes to football betting, there are numerous betting options available to you. You could bet on almost everything, from who would win the game to which team would score first, and so much more!
● Handicap Bet
A handicap bet is a form of bet in which you can bet on the favorite and underdog teams. You can place your wager on which team will win the game or if one of the teams has a better probability of scoring more goals than they have in their total. To bet on this, you have to compare the conventional points such as the number of goals each player has scored and the number of games each player has won.
● Asian Handicap Bet
Your selection must overcome a handicap in an Asian Handicap bet. What makes it unique is that it eliminates the possibility of a draw in betting terms. As suggested by the name, this type of football is popular in many Asian countries.
● European Handicap Bet
Similar to the Asian handicap but the draw remains an option, and the other is that the handicaps are only in whole numbers.
● Match Bet
The match bet is easiest to understand as you only have to bet on the ultimate result of the match. If the scores are tied, the draw is the winning bet. The outcome of extra time or penalties will not affect the betting odds.
● Goal Scorer Bet & First Goal Scorer Bet
A goal scorer bet simply involves betting on a particular player to score during a match. As for the first goal scorer bet, you bet on the team or a particular player that scores the first goal during a match.
● Over/Under Bet
You may bet on the total number of occurrences of an event that will happen during a match, such as goals, corners, yellow cards, etc. The odds are usually set by the bookmakers.
● Double Chance
You can bet on any two of the three outcomes of a match with a double chance bet. This type of bet can boost your chances of winning.
● Half Time & Full Time
Half-time and full-time betting simply imply that you can place bets on teams who are leading in the first half of the game and the team that is leading at the end of the game, the second half.
● Correct Score Bet
The Correct Score bet is more challenging than merely guessing the outcome of a game. It requires you to predict the exact score. Bookmakers usually limit the number of goals you may predict a team will score.
● Player Props/ Player Stats Bet
A prop bet is a bet on a game that is not directly related to the outcome of the game. You can bet on individual players on having shots, having shots on target, being the first, last, or anytime goalscorer, or being booked or sent off.
An accumulator is a bet that consists of many selections. For the bet to be successful, all selections must win.
Different bookmakers provide a different range of bets on their websites. You can make your decision based on the bet that fascinates you the most.
Now you have learned about the essentials of football betting, you may use the information to your advantage when placing your next bets. In addition, we would like to share some good tips that might help you to do better in your next football bet!
1. Have a clear goal and stick to your plan
Know your limit, set a budget, and manage your bankroll wisely. If you can not manage your bankroll well, it is easy to end up losing more money than you could think of. In short, stay disciplined.
2. Do your research and stay in the know
If you think that placing more bets will guarantee your chances of winning, then you’re wrong. You don’t have to bet everything, do your research and study every important element. Then, you will eventually know how to do better predictions. In the end, It is the quality of your wagers that matters, not the quantity — place a bet confidently, not randomly.
3. Follow your head, not your heart
As mentioned above, you should place a bet according to the findings, research, and statistics. You don’t have to bet on a losing team, just because they are your favorite.
4. Have patience
It is alright to lose sometimes, in fact, you are less likely to win every game. Be patient, track your results and identify your strengths and weaknesses. Then, you may find ways for improvements.
5. Bet with the best bookmaker!
There are countless numbers of sports betting sites available on the Internet. Find the betting site that provides the best football betting odds, offers, bonuses, and promotions. By doing so, you might be able to increase the value of your winning.
1. Can the football betting odds change?
Yes, football betting odds can change all the time, it can happen before the football match takes place, and in many cases during the event. Odds adjustment is made often due to many cases such as the public’s overall betting tendencies, the team restructured, injuries, unexpected circumstances, and more.
2. Is football betting legal?
Each country has different legislation on sports betting and it is recommended to bet on licensed and regulated platforms.
3. What are the most popular football leagues to bet on?
There are many major professional football leagues that you can bet on. Most of the bookmakers allow you to bet on the most popular football leagues such as English Premier League (EPL), Bundesliga (Germany), La Liga (Spain, Serie A (Italy), Ligue 1 (France), and Major League Soccer (America).
4. Is it safe to place a bet on football betting online?
Yes, as long as you are betting on a properly licensed and regulated sports betting platform.
5. Can I win money with football betting?
Yes, it is possible to profit from football betting. All you have to do is research thoroughly before betting and bet on a trusted online sports betting platform. However, each platform has its own rules and regulations, and you have to follow them to withdraw your winnings.