Are you a soccer fan? If so, you may be interested in betting on the games. There are many different types of bets that you can make, and each one has its own risks and rewards. In this blog post, we will take a look at the most common soccer bets and discuss what they involve. We will also provide some tips for making these bets successfully. Let’s get started!
How Does Soccer Betting Work?
The basics of soccer betting are quite simple. You essentially just need to predict the outcome of a match and then place a bet accordingly. If your prediction is correct, you will win money based on the bookmaker’s odds.
For example, if you bet $100 on a team that is priced at 2.00 (1/2) to win, and they go on to win the match, you will receive $200 back from the bookmaker ($100 profit). It’s as
simple as that!
Of course, there is more to it than just picking a winner. There are also different types of bets that you can make. We will discuss these in more detail below.
The Most Common Soccer Bets
Money Line Bets
The most common soccer bets are moneyline bets, which simply involve picking a winner. As we mentioned above, the odds will determine how much you can win. The favorite will always have shorter odds than the underdog, meaning you will need to risk more money to win less.
For example, let’s say that Team A is playing Team B, and the bookmakers have listed the odds are as follows:
- Team A – 1.60 (4/6)
- Team B – 2.20 (6/5)
In this case, Team A is the favorite, and Team B is the underdog. If you were to bet $100 on Team A, you would need to risk $160 in order to win $100. On the other hand, if you were to bet $100 on Team B, you would only need to risk $90 in order to win $100. As you can see, there is more risk involved in betting on the favorite. However, the favorite is also more likely to win, so it is up to you to decide which team you think has the best chance of winning. Lastly, if you use online sportsbook bonuses or promotions like the BetMGM deposit bonus code, you can often get better odds than what is listed above.
Draw No Bet
Another common soccer bet is the draw no bet. This bet is essentially a moneyline bet with one important exception: if the match ends in a draw, your stake will be returned to you.
For example, let’s say that the bookmakers have listed the odds for a match between Team A and Team B as follows:
- Team A – 2.00 (1/1)
- Draw – 3.00 (2/1)
- Team B – 4.00 (3/1)
If you were to bet $100 on Team A with a draw no bet, you would either win $200 if Team A won or get your stake back if the match ended in a draw.
This bet is a good option if you are confident that one team will win but are not sure about the margin of victory. It also allows you to hedge your bets to some extent, as you will not lose everything if the favorite does not win by a wide margin.
Double Chance Bets
Another popular soccer bet is the double chance bet. This bet allows you to bet on two outcomes instead of just one.
For example, let’s say that the bookmakers have listed the odds for a match between Team A and Team B as follows:
- Team A to win – 1.50 (1/2)
- Team B to win – 2.50 (5/2)
- Draw – 3.00 (2/1)
You could bet on either team to win OR on the draw with a double chance bet. Your bet would be successful if either team won or the match ended in a draw.
This bet is a good option if you think that the favorite might not win by a wide margin. It also allows you to cover two outcomes with just one bet, which can be helpful if you are
limited on funds.
Handicap Bets
Handicap bets are a bit more complicated than the other types of bets we have discussed so far. With this type of bet, the bookmakers will give one team a virtual head start.
For example, let’s say that the bookmakers have listed the odds for a match between Team A and Team B as follows:
- Team A (-1) – 1.80 (4/5)
- Team B (+1) – 2.00 (1/1)
In this case, Team A is the favorite and is given a handicap of -1. This means that they will start the match with a 1-0 lead.
If you were to bet on Team A (-1), your bet would be successful if they won the match by 2 or more goals. On the other hand, if you were to bet on Team B (+1), your bet would be successful if they either won the match or lost by just 1 goal.
This type of bet can be helpful if you think that the favorite might not win by a wide margin. It is also a good way to get better odds on the favorite, as they will often have shorter odds when they are given a handicap.
Conclusion
These are just a few of the most common soccer bets you will encounter. Of course, there are many other types of bets that you can place, but these are the ones that are most commonly used. When placing a bet, be sure to shop around for the best odds and take advantage of any bonuses or promotions that you can find. With some research and luck, you should be able to profit from your soccer betting.
