Betting on football can be exciting and lucrative, however, it is ideal to do it with caution and a good understanding of the basics. In this guide, we will discuss all tips, strategies, betting odds, the sports betting market, and other factors to consider before betting on football matches. Stay in the loop and learn.
How Does Football Betting Work?
Understanding how football betting works is the only way to place bets like an expert. Football betting comprises placing bets on certain football matches such as:
- UEFA
- LA Liga
- Bundesliga
- Serie A
- World Cup
Each sportsbook offers a different number of football markets and odds sizes on which you may place bets. Furthermore, some provide unique tools to help in football betting. As a result, it is up to you to choose which markets to bet on and which odds to consider when placing football bets. Remember that you can place pre-match and live bets. Furthermore, most sportsbooks offer set odds and spread betting, making them more accommodating.
Football Betting Odds Explained
Football betting odds represent the probability of a particular outcome occurring in a football match. Understanding football betting odds is important when placing bets on football matches.
There are three main types of football betting odds:
Decimal odds
Decimal odds represent the total amount that will be returned to the bettor for every $1 wagered, including the original stake. For example, if the odds are 2.00, a $1 bet will return $2, which includes the original $1 stake.
Fractional odds
Fractional odds are represented as a fraction and represent the potential profit the bettor will receive relative to their stake. For example, if the odds are 2/1, a $1 bet will return $2 in profit, plus the original $1 stake.
American odds
American odds, also known as moneyline odds, are represented as a positive or negative number. A positive number represents the amount that will be returned for every $100 wagered, while a negative number represents the amount that must be wagered to win $100. For example, if the odds are +200, a $100 bet will return $200 in profit, plus the original $100 stake. If the odds are -200, a bettor must wager $200 to win $100 in profit, plus the original $200 stake.
When placing a bet, the odds are used to calculate the potential payout. For example, if a bettor wagers $50 on a match with odds of 2.00, they will receive a total payout of $100 if their bet is successful, which includes the original $50 stake.
Most Common Football Betting Types Explained
Match Result (1X2)
This market involves betting on the outcome of a football match - a home win (1), a draw (X), or an away win (2).
Handicap Betting
In this market, a handicap is given to one of the teams to level the playing field. For example, if Team A is given a handicap of -1, they would need to win by two goals or more for a bet on them to be successful.
Over/Under Goals
This market allows you to bet on either the total number of goals scored in a match will be over or under a certain number. For example, over 2.5 goals mean you win if there are three or more goals scored in the match.
Both Teams to Score (BTTS)
This market involves betting on whether both teams will score at least one goal in the match.
First Goal Scorer
In this market, you can only win if you bet on the player that set the first goal in the match.
Correct Score
This market involves predicting the exact scoreline of the match.
Half-Time/Full-Time
This market involves betting on which team will be winning at half-time and full-time.
Outright Winner
This market involves betting on the team that will win a tournament or league competition.
Parlays
Parlay betting or known as accumulator betting is a type of bet where you can wager multiple time in a single bet. In football matches, you can parlay on point spread, moneyline, and total score.
Totals
Total betting let you wager on the total number of points, runs, or gaols scored in a match. You will only win if you predict the overall number of points scored by both teams.
Double Chance
Double Chance betting let you wager on two different possible outcomes of the game instead of just one. Specifically, you bet on two of the three possible outcomes of a game: either Team A wins or draws, Team B wins or draws, or Team A wins or Team B wins (but not a draw).
Popular Football Matches to Bet On
Football is considered the most prestigious sports and the most favorite sports to bet on. As the sports gained popularity over the years, every matches or tournaments attracts alot of betting action. If you’re into legal form of gambling, here are some tournaments you might want to consider betting on.
World Cup
The World Cup is the biggest football tournament in the world, and it takes place every four years. It attracts a lot of betting action from fans all around the world.
UEFA Champions League
The UEFA Champions League is the premier club football competition in Europe, featuring the top teams from around the continent. When it comes to popularity and interest, UEFA is undboubtedly one of the most popular football competitions to bet on.
English Premier League
The English Premier League is the top professional football league in England and features some of the most popular teams in the world, such as Manchester United, Liverpool, and Arsenal.
La Liga
La Liga is the top professional football league in Spain and features some of the world's best teams, including Barcelona and Real Madrid.
Bundesliga
The Bundesliga is the top professional football league in Germany and features some of the best teams in Europe, including Bayern Munich and Borussia Dortmund.
Serie A
Serie A is the top professional football league in Italy and features some of the most popular teams in Europe, including Juventus and AC Milan.
El Clásico
This is the name given to the match between Real Madrid and Barcelona, two of the most popular football clubs in the world. This match attracts a lot of betting action due to the intense rivalry between the two teams.
Manchester Derby
The Manchester Derby is the name given to the match between Manchester United and Manchester City, two of the biggest football clubs in England. This match attracts a lot of betting action from fans of both teams.
There are so much more to add on the list, however, we have listed only the top football you need to consider. Upon placing the bets, we encourage the players not to exceed on their limit. Play responsibly!
How Does Inplay Betting Work on Football?
In-play betting, sometimes known as live betting, is a type of sports betting that allows users to wager on sporting events while they are taking place. Live betting is popular in football because it allows bettors to profit from shifting odds throughout the game.
For example, if a team is leading at halftime, its chances of winning may be lower than they were before the game began. By betting on the team during halftime, bettors can take advantage of changing odds and perhaps win more money than if they gambled before the game began.
In-play betting also allows bettors to respond rapidly to game-changing situations such as injuries or red cards. This can offer them an advantage over other bettors who may not be as quick to react.
How to Place a Bet: Step-by-Step Guide to Football Betting
Before you place a bet, you must decide which sportsbook you will use for your football betting needs. To assist you in understanding what you should do
1. Choose a reputable sportsbook
This market involves betting on the outcome of a football match - a home win (1), a draw (X), or an away win (2).
2. Fund your account
Before you can place a bet, you'll need to fund your sportsbook account. Most sportsbooks accept a range of deposit options, including credit/debit cards, bank transfers, and e-wallets such as PayPal and Skrill.
3. Navigate to the football section
Once your account is funded, navigate to the football section of the sportsbook. Here you'll find a list of upcoming matches, along with the available betting markets and odds.
4. Choose your bet
Select the match you want to bet on and choose the type of bet you want to place. The most common types of football bets include the match winner, total goals, and handicaps.
5. Enter your stake
Enter the amount of money you want to bet. The sportsbook will display the potential winnings based on the odds of your chosen bet.
6. Confirm your bet
Review your bet slip to make sure everything is correct, and then confirm your bet. Once your bet is confirmed, you can't change or cancel it.
7. Follow the match
After placing your bet, follow the match to see how it unfolds. You can watch the match live or follow the score updates on your sportsbook's website or app.
8. Collect your winnings
If your bet is a winner, your winnings will be credited to your sportsbook account. You can then withdraw your winnings to your bank account or use them to place more bets.
It’s important to remember that football betting carries some risks, and you should never bet more than you can afford to lose. Always gamble responsibly and consider seeking professional help if you feel like you’re developing a problem.
How to Start Betting on Football?
If you’re new to betting on football, here are some steps to help you get started:
1. Learn the basics
Before you start betting, it's important to have a basic understanding of football and how betting works. You can learn about the different types of bets, odds, and strategies by reading articles, watching videos, or taking online courses.
2. Choose a reputable sportsbook
There are many online sportsbooks available, so it's important to choose one that is reputable and reliable. Look for a sportsbook that is licensed, offers competitive odds, and has a good track record of paying out winnings.
3. Fund your account
Once you've chosen a sportsbook, you'll need to fund your account to start betting. Most sportsbooks accept a range of deposit options, including credit/debit cards, bank transfers, and e-wallets such as PayPal and Skrill.
4. Set a budget
Setting a budget is ideal for all punters. To help you not to exceed with your limit. It is advice to bet only within your means. Worst case scenario, exceeding to your limits could bring you to either greater win or greater lose.
5. Start with small bets
In addition to being well-versed in sports betting, it is a great idea to bet on small amount only and moderately increase your stakes as you become more confident. This is to avoid fund loss overtime.
6. Choose your bets carefully
Before placing a bet, do your research and analyze the teams and players involved. Look at recent form, head-to-head records, injury news, and other factors that could impact the outcome of the match.
7. Keep track of your bets
It's important to keep track of your bets and your results, so you can identify what works and what doesn't. You can use a spreadsheet or a betting tracker app to record your bets and your profits/losses.
Remember, betting on football should be fun and enjoyable. Don’t take it too seriously, and don’t let your emotions cloud your judgment. With time, practice, and patience, you can become a successful football bettor.
Tips and Strategies When betting on Football
Football is one of the most prominent sports in the world, considering its market reach, interest, and more. Over time, sports betting has gained popularity as it’s one of the most exciting ways to make money. If you want to bet on football, here are tips and strategies to follow to maximize your winnings.
1. Do an ExtensiveCompare the top Sportsbook Research
Before placing any bets, research the teams, players, and other relevant factors that can influence the outcome of the match. Look at factors such as form, head-to-head record, injuries, suspensions, weather conditions, and more.
2. Compare the top Sportsbook
Compare the odds offered by multiple bookmakers to make sure that you are getting the best value for your bet. Use comparison sites or apps to easily compare the odds offered by different bookmakers.
3. Understand the types of bets
Familiarize the different types of bets available, such as moneyline bets, over/under bets, handicap bets, and more. Choose the type of bet that suits your betting style and risk tolerance.
4. Consider value betting
Value betting involves identifying matches where the bookmaker has underestimated the chances of a certain outcome occurring. By betting on these outcomes, you can potentially earn a profit in the long run.
5. Keep a record of your bets
Keeping a record of your bets can help you track your performance over time and identify areas where you can improve. Record the type of bet, the amount staked, the odds, and the outcome of the bet.
6. Manage your bankroll
Set a budget for your betting activities and manage your bankroll carefully. It may sounds negative, but avoid chasing losses by betting more than you can afford to lose. You can play again once your finances are stable.
7. Bet on the Sports You’re Familiar With
Focus on leagues and teams you are familiar with, as this can give you an edge over bookmakers who may be less familiar with these leagues.
Football betting does not guarantee to win all the time. Consider online gambling only to the extent of your means. Placing a wager on football should be done responsibly and for entertainment only.
Factors to Consider Choosing a Sportsbook for Football Betting
Selecting a sportsbook for football betting is a critical decision that can have an impact on your whole betting experience. Here are some things to think about while picking a sportsbook for football betting:
Reputation and Trustworthiness
Choose a sportsbook with a good reputation and a track record of fairness. Verify out the sportsbook's repute by reading online reviews and ratings from other bettors.
Safety and security
Seek for a sportsbook that protects your personal and financial information using safe encryption technologies. Check to see if the sportsbook is licensed and controlled by a credible authority.
Betting Options
Look for a sportsbook that offers a variety of football betting options, such as moneyline bets, over/under bets, handicap bets, and more. The more betting alternatives you have, the more freedom you have when placing bets.
Odds and Payouts
Look for a sportsbook with competitive odds and large payouts. Seek for a sportsbook that has early lines and low juice, as this will boost your chances of winning and optimize your winnings.
Bonuses and Promotions
Search for a sportsbook that offers enticing incentives and promotions including welcome bonuses, free bets, and loyalty programs. These bonuses can assist you in increasing your bankroll and placing more profitable bets.
Customer Service
Seek for a sportsbook that provides dependable and timely customer service. Pick a sportsbook that offers numerous help channels, like as live chat, phone, and email, and ensure that customer service is available 24 hours a day, seven days a week.
User Experience
Choose a sportsbook with an easy-to-use UI and mobile app. The simpler the sportsbook's navigation, the more enjoyable your betting experience will be.
Remember that selecting the right sportsbook is a critical decision that might have an impact on your whole betting experience. Take the time to investigate and evaluate various sportsbooks in order to select the one that best meets your needs and tastes.
Most Common Mistakes to Avoid
Here are some frequent football betting mistakes to avoid:
Overvaluing favorites
Many bettors overvalue favorites because they believe they are more likely to win. This is not always the case, as popular items are frequently overpriced. Always evaluate the odds and other pertinent criteria while betting on favorites.
Lack of research
One of the most prevalent mistakes made by bettors is a lack of research. Always conduct research and consider all pertinent elements, including form, head-to-head record, injuries, suspensions, weather conditions, and more.
Betting with your heart
Betting on your favorite team or athlete might cloud your judgment and cause you to make poor decisions. Always make rational and informed selections rather than betting with your heart.
Chasing losses
Many gamblers chase their losses in the hopes of recouping their losses with larger bets. This, however, can result in larger losses and be detrimental to your bankroll. Establish a budget for your betting activity and carefully manage your bankroll.
Avoiding value betting
Value betting is recognizing matches in which the bookmaker has understated the likelihood of a specific outcome occurring. You can potentially profit in the long run by betting on these events.
Too many leagues and teams
Having too many leagues and teams can be overwhelming and lead to poor decision-making. Concentrate on a few leagues and teams that you are familiar with.
Not utilizing promos
Several sportsbooks provide appealing bonuses and promotions, like as welcome bonuses, free bets, and loyalty programs. Use these promos to boost your bankroll and make more winning wagers.
Note that football betting should be done sensibly and solely for amusement purposes. It’s not recommended to make football betting as your means of living. You can boost your chances of winning profitable bets by avoiding these frequent mistakes and following a sound betting strategy.
Frequently Asked Questions
You can place a football bet by selecting the desired market on a bookmaker’s website or app, choosing the outcome you want to bet on, entering your stake, and confirming the bet.
Decimal odds show the total amount that will be returned for each unit staked, while fractional odds show the profit that will be returned for each unit staked. For example, odds of 2.0 in decimal format would return £2 for every £1 staked, while odds of 1/1 in fractional format would return £1 profit for every £1 staked.
A handicap bet is where one team is given a virtual deficit or advantage in the form of a number of goals or points. For example, if Team A is given a handicap of -1 goal, they must win the match by two or more goals for the bet to be successful.
An accumulator bet, also known as an acca, is a bet that combines multiple selections into one bet. All selections must win for the bet to be successful, but the potential returns can be much higher than for a single bet.
In-play betting, also known as live betting, is where you place bets on a match or event that is already underway. The odds and markets can change in real-time based on the action on the field.
Cash out is a feature offered by some bookmakers that allows you to settle a bet early for a fixed amount, rather than waiting for the outcome of the event. The amount offered depends on the current state of the bet and the likelihood of it winning.
Responsible gambling is a set of practices and behaviours that aim to ensure that gambling remains an enjoyable and safe activity. This includes setting limits on spending and time spent gambling, and seeking help if gambling becomes a problem.
