How Does Soccer Betting Work? - Here's An Explainer!
While there are hundreds of games that you can wager online, soccer is the most popular game in leading bookies like Betway. The game is widely popular for its competitive nature, and there are thousands of leagues to wager on worldwide. Here’s a look at how soccer betting works on different bookies.
Soccer Betting Markets Explained
Before placing a wager at any site, it’s important to familiarize yourself with the most common soccer betting markets available. They include:
- 3-way betting
This market is the most straightforward and most popular bet you can find while betting on soccer. The bet involves selecting whether the home or the away team will win, or whether the game will end at a stalemate. You can choose 1 to wager for the home team, X for a draw, and 2 for the away team.
- Double chance
Sometimes called DC, this market allows you to cover two possible outcomes on a single bet. However, the odds are significantly lower compared to what the 3-way market offers. To bet on this market, you can select:
- 1X: Home win or draw
- 12: Home or away wins
- X2: Draw or away win
In this market, you bet on the total number of goals in a match. With Betway soccer betting, the most common is the Over/Under 2.5 bet, which means you can choose whether the total goals will exceed 2.5 or be less. That means punters whose over2.5 will win the bet if the match yields three goals or more.
- Both Teams to Score
As the name suggests, this market involves choosing whether both teams will score or not. The market is also known as Goal-Goal / No Goal in some bookies.
- Total Goals
For this market, you need to predict the average number of goals in a match. The most common ranges in major bookies include 0-1, 2-3, and 4-6 goals.
Simple Soccer Betting Tips for Beginners
Now that you’ve understood the most common soccer betting market, here are a few tips that will help you manage your bankroll as you continue having fun.
- Learn to identify value
Most people who wager on soccer for fun are quite knowledgeable about the game, but they keep on losing their money while wagering. That’s because they don’t take their time to identify value in their wagers. Betting where there’s positive value involves identifying an outcome that has been underestimated by the bookies and betting on it.
- Be patient
Though there are lots of betting opportunities in soccer, you don’t need to bet on every market available. It’s wise to carefully select the leagues and the markets you want to bet on, helping you to study the current trends and increase your chances of winning.
- Avoid following the crowd blindly
With soccer betting being very popular in the world, a lot of people will have an opinion about a certain game even without considering the statistics. For this reason, you must be very careful when using other people’s advice on betting. That’s because the majority of the bettors lose money.