All About Types of Football Bets
The most popular, fan-intense kind of sport in the world, football is an action-packed affair that doesn’t cease to grasp the attention of the widest audience of enthusiasts out there. This includes exciting betting activities and the great thing about football is that it spawns numerous opportunities for making profits on predicting various outcomes of the game (winner teams, best-performing players, goals scored, penalties, etc.).
Parimatch Nigeria is an ultimately convenient platform for betting on all the major and occasional football matches through a huge number of betting options. You can use it to turn your regular football viewing sessions into far more exciting and profitable activities. The only thing you will need to do to start is find your way around the range of Parimatch betting options. That’s why we decided to create this guide to make your life easier.
Here, we define the major types of football bets you can place on matches, check out our previous soccer betting guide if you need to figure out more basic details. Meanwhile, this article should serve as a great reinforcement to all the tutorials with football bet types explained and practical fun you get at Parimatch Nigeria.
1X2 Betting
1X2 betting (also called a three-way moneyline, a three-way betting, etc.) may as well be the most popular football betting option on the whole Parimatch online betting platform. Its gist is to, basically, make a bet on one of three possible match outcomes.
1X2 betting outcomes come down to the home team winning, the away team winning, and a match ending in a draw. This is how the “1X2” abbreviation is formed – 1 stands for the home team’s win, 2 for the away team’s victory, and X for a draw.
An essential nuance of three-way football betting is the draw possibility, which skews the bet odds a bit. Thus, while you can pay attention to the odds in order to point out the favorite team, there is always that one-third potential outcome that makes your prediction a bit harder to hit the right spot. All in all, you get one winning chance to two losing chances. Thus, you can, for instance, place a bet on Spain, in which case you win the bet if Spain wins the match, and you lose the bet if either Spain loses or the match ends in a draw.
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Double Chance Betting
As the name implies, as opposed to a three-way bet, here you get to predict two winning outcomes, getting two chances to win the bet out of three. Thus, you can bet on a home team’s win or a draw. In such a case, you win the bet either if your favored team wins or if the match ends in a draw. However, in double chance betting, odds are usually slightly lowered due to higher overall chances of winning, and is known as one of the best types of football bets to decrease the risks.
Let’s take a look at a particular example:
We can see that Fulham's win or draw odds are 1.93, which means that if you bet 1,000 NGN on it and Fulham gets a victory in the match, you get 19,300 NGN as a payout, and the same goes for a draw. This is double chance betting in a nutshell.
Over/Under Betting
“Totals”, “total bets”, “over/under”, “goal-lines’ – you name it. These types of football bets are all about predicting total scores.
This comes in as a perfect betting format when you don’t have a specific favorite team playing or when you prefer not to bet against your favorite team, but you can smell the loss. With over/under betting, you get to predict the total number of goals scored in terms of a whole match, its half, or the total score of a certain team.
The most traditional way is to bet on the total score reached by the end of the match. It works like this – suppose the match ends in a 2-2 draw – this means that the total score of the match is 4. If you placed a bet on under 4 total goals, you win the bet. In the same way – a match ending in 3-2 has a total score of 5, but if you placed a bet on over 6 goals, you lose the bet.
Particular betting figures are usually drawn from odds provided by bookmakers. Thus, here’s a total over/under example based on the same instance of the match between Spain and Germany:
Total
| Under 0.5 | Over 0.5 |
| 8.00 | 1.06 |
| Under 1.5 | Over 1.5 |
| 3.15 | 1.33 |
| Under 2.5 | Over 2.5 |
| 1.74 | 2.02 |
| Under 3.5 | Over 3.5 |
| 1.28 | 3.50 |
| Under 4.5 | Over 4.5 |
| 1.09 | 6.60 |
| Under 5.5 | Over 5.5 |
| 1.02 | 11.00 |
All in all, you can bet on scores that go over or under the total odds provided by the bookmaker, as seen in the table above.
The over/under odds are expressed in half numbers (0.5, 1.5, and so on) to make the whole thing easier to figure out. If whole numbers were used instead, the betting routine would be somewhat confusing (how to understand which total is winning if you bet on “over 2 goals”, for instance – would 2 count as a winning outcome?).
With half numbers, everything is much simpler – you can clearly make out a bet on over 2 goals when you see the “over 2.5” indicator, in which case the winning outcome would be 3+ total goals scored.
For instance, if you predict that the total score in a match between Spain and Germany will be 3 (2-1, 3-0, or vice versa), you can place a bet on the total score under 3.5, under 4.5, over 0,5, over 1.5, and over 2.5.
Looking at this particular example, we can also see that both teams have pretty high odds, which means that both of them are good scorers. These specific odds demonstrate us quite low chances of total score going under 2.
Once the given draft has totals going over 2.5, the odds automatically increase, pointing out a good possibility of more than two total goals being the final outcome of the match. To go more in-depth and further increase your winning potential, you can also combine this type of bet with double chance and 1X2 bets.
Handicap Betting
In terms of a bit more in-depth betting approaches, handicap betting stands out. First off, there are two major reasons to resort to handicap bets. One, if you are having trouble pointing out a clear favorite team in the match, handicap betting can help you balance out the odds. Two, you don’t want to bet on the opposition, but you also know that your favorite team is an underdog and is unlikely to make it – a handicap bet can help you level the playing field, making your bet competitive no matter the final outcome.
How does it work? You need to define a handicap for a specific team when placing a bet. You either remove goals from the final score of one team or add goals to the final score of another team, thus creating a handicap for your team of choice. The main idea of handicap betting is to predict the victory with a set number of goals removed or added.
Thus, if you place a 2 goal handicap bet on Germany in Spain vs Germany match, you can count 2 goals out of Germany’s final score right away. This means that if Germany wins the match 3-2, you lose your bet (3 minus your handicapped 2 goals = 1, which makes the final score in terms of your bet 1-2), and vice versa.
Great Variety of Football Betting Options at Parimatch Nigeria
Parimatch is Nigeria’s top provider of football betting fun, where you can find and track all major football tournaments, matches, and events, making profits by making in-depth predictions and the best types of football bets on various outcomes. On top of all the above-mentioned wagering opportunities, you also get loads of additional possibilities. Just find the match or event that interests you the most and start placing bets.
With years of experience in the field and world-renowned betting opportunities, Parimatch lets you turn your ordinary football match rooting occasions into exciting, thrilling betting sessions. And you can place bets across pre-match, live, and virtual events in most various formats and variations. Visit our compatible betting website for an even smoother and more hassle-free punting experience.