Knowing and understanding the basic types of betting is one of the most important things a punter has to consider. Not only does it help in making bettors be familiar with the technicalities of sports betting, but it also maximises the opportunity of making an income. There’s a lot of different kinds of bets but when first starting out, you should stick to the basic ones. Thus, this article enumerated the three basic bet types VOdds offers—Handicap, 1X2, and Totals.
Handicap betting is best used when one team is greatly favoured over their opponents. To counter the apparent partiality in a team’s capability, Asian sportsbooks offer a handicap to equal the playing field. In handicap betting, points or goals are added and deducted from teams for betting purposes.
The handicap is based in the final score to conclude the game’s result for the betting purpose, which might differ from the actual outcome. For example, in football betting, the handicap for the supposed example might be (0.5, 2.020) and (-0.5, 1.917) for Barcelona and Tottenham, respectively. If the end result was 1-0 for Tottenham, the bets on this team would win since the 0.5 handicap is insufficient to change the result, which is often called covering the handicap.
However, if the match finished in a 1-1 draw, the bets on Barcelona would win since the 0.5 handicap added to the team’s final score is sufficient to point the match in their favour. The handicap can also vary by seeming as a split, such as +0.5 & +1 or -0.5 & -1. This takes your stake and successfully places two handicap wagers, one in each option. Consequently, you can win both bets, just one, or you can lose both.
The same thing can be explained when betting on tennis. However, handicap betting on tennis differs depending on whether it is a Set Handicap or a Game Handicap. In a Set Handicap, it changes the betting odds significantly since it is now based on added sets. For example, Maria Sharapova -1.5 sets vs Shuai Peng +1.5; punters are being faced with 1.5 sets. At +1.5, she wins for betting purposes if she comes out victorious in the match outright, or loses the match by 1 set only. If now, Sharapova -1.5 is the winner for the betting purposes. Game Handicap, on the other hand, works almost the same procedure as the set handicap. However, it is based on the individual scores of each set in a match. If a player wins 6-3, 6-4, with no third set played in a best of three, they automatically win by 5 games (3 in the first set + 2 in the second).
1X2, or the Home-Draw-Away betting, is on one of the most common types of betting, and is also the simplest way for a punter to understand the price of a bet. For example, in a Champions League fixture between Real Madrid and Barcelona, if you placed a £10 stake on Real Madrid to win at odds of 4.250, you would win £42.50 but that will include your initial stake of £10. Thus, your profit is a total of £32.50. You won’t win anything if the match ended in a loss or draw for Real Madrid.
If you placed a £10 bet on a draw, a total of £37.90, £27.90 profit and the £10 initial stake included will be returned. The same bet placed on Barcelona to win would get you a £19.17, initial stake included. In tennis betting, if you placed a £10 stake on Rafael Nadal to win at odds of 4.250, you would win £42.50 though it would include your initial £10 bet. Your total profit would be £32.50. You would win nothing if the result ended in a defeat or draw for Nadal.
A totals bet is also a common form of betting. It can be an alternative to 1X2 and handicap betting. However, the focus in this type of bet is not on finding the winner of a specific match, but predicting the end result of game variables such as the total goals, runs, points, or any other measurable variable.
VOdds sports trading platform provides bettors a number of bookies that offer the option of whether the total goals or points be either OVER or UNDER their evaluation of the match. For example, in a match between Liverpool and Chelsea, the total goal mark is set at Over 2.5, 2.080, and Under 2.5, 1.909. If you placed a £10 bet on the game to have over 2.5 goals, the final score was 2-1, a total of three goals, you will earn £20.80, initial stake included. If you bet on the total goals to be under 2.5, you would earn nothing.
A totals bet is basically the same for tennis betting, but also depends on whether it is a total games over/under and total sets over/under. A totals game is close to a 50/50 wagering proposition. The bookie predicts how many games will be played in a match. For example, a set is predicted to have 2.5 games, punters can now bet that there will be over 2.5 games, or under 2.5 games.
Unlike the Over/Under total games, a totals set is not a 50/50 wagering proposition as one option is much more likely to happen than the other. It also depends on how many total sets will be played in the match.
*Bet types vary depending on the sport
Now that you’ve learned the basic types of market in sports betting, why don’t you try and place your stakes in our football and tennis trading platform?