Football has traditionally been the most popular sport to bet on globally, accounting for 40% of all money placed by bettors.
That’s why it’s critical to understand all the football markets’ main aspects.
A large number of matches has aided the industry’s growth and allowed bettors to put wagers on a wide range of markets, with many betting sites providing special discounts and attractive odds.
Here, we walk you through betting on football to help you cut through the hype.
How Online Football Betting Works
A bookmaker like Betway sets the odds, which indicate the stake and winnings ratio of your stake on a specific event if you bet on it.
They are normally displayed as fractions (e.g., 3/1), but they may also be shown as decimals (4.00), and you can choose whether you want.
For instance, if the outcome of an event has odds of 3/1 (or 4.00), you will gain $4 for every $1 wagered.
Hundreds of football matches are played weekly, with many more betting markets accessible through Betway as they give a wide range of odds on every aspect of the game.
You can place bets based on the result of the games and events within the games.
That includes the number of scored goals, red and yellow cards displayed, corners won, and individual goal scorers.
Several types of bets are available throughout, including accumulators, which allow you to combine multiple selections into one huge odds price to place your wager.
The majority of football markets have this option.
We will go through the most common sorts of football bets below.
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This is a basic type of soccer bet, where you choose the outcome of a football match.
You may wager on one of these three outcomes: the away team to win, the home team to win, or a tie.
It’s worth noting that these bets are paid out based on the results after 90 minutes; thus, if the scores are level after 90 minutes, a draw bet wins, regardless of the outcome after extra time or penalties.
Player stats/player props
These football bets demonstrate how the football betting market has evolved, with a comprehensive collection of markets offered for various league matches and international fixtures.
It’s distinct from the card or goal-scoring markets in that you may wager on players having a set amount of shots, tackles, or even offsides.
There are also ever-expanding prop markets that offer interesting bets, like how many free kicks, goal kicks, and throw-ins are in a match.
What’s on offer varies greatly amongst bookmakers.
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You can bet on the first half or second half’s results or both. You may wager on the away team or home team or draw for one or both halves.
The bet is for advanced football fans with prior information to determine the teams that start or end matches strongly or poorly.
Knowing the lineups and whether vital players are missing via injury or being rested can also be advantageous with this type of wager.