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How football odds work? Football betting odds explained

 

 Football betting is certainly the most popular form of wagering, both on the web and at the local betting shops, and today we will take an in-depth look at how the football odds work and attempt to explain football betting odds to punters new to wagering on this great sport. As we always do, we will give you plenty of examples and write everything as simple as possible to help you understand the basic concepts of football betting and the different odds offered on the football games. If you still have questions about how football odds work after you read this article - email us and we will amend it to reflect anything that may have been left unanswered. That said, let's see how football odds work:

An example of 1x2 football odds We are going to begin our explanation of how the football betting odds work with the simple 1x2 set-up and for the examples we will use decimal odds, just so we can make calculations easier. Don't forget that every online bookmaker offers and easy way to change the way betting odds are displayed via a simple drop-down menu. And let's remember the meaning of "odds" - the likelihood of an event to occur.

 Now, let's look at the very basic of the football odds - the "win outright" bet, i.e. betting on a team to win the game or end up a draw. As you can see from the example to the left of the Barclays Premier League posted by the online bookmaker Bet 365, for every football game there are three betting options: "1", "x" and "2". This is among the most important things you will learn first when engaging in betting the football odds - knowing how the odds correspond to the possible outcome. And in football betting, when wagering on the outcome of the full time result of a game there are three possible outcomes:

 "1" - the home team will win the game. In football betting, the first team is always the soccer team hosting the game. In the case of the odds table to the left, if we look at the first football game, Liverpool v Chelsea, Liverpool F.C. is hosting the game at Anfield. You don't need to keep up with the football leagues to know this (although it trully helps if you are going to bet them) - the simple fact that Liverpool is listed as the first team indicates that they host the game. The odds on the home team therefore to win the game are listed under the "1" column. So Liverpool's odds to win the game in the example are 2.10, i.e. you will get 2.10 back for every 1 you wager on Liverpool to win the football game in question.
* A fun fact here - in America the visiting team is always listed as the first team, contrary to the UK style of display. Thus one should be very careful if they bet at a sportsbook, which caters mainly to US bettors.

 "x" - the football game will be a draw. The "x" column shows the odds on the games finishing with a draw, i.e. there is no winner. Example of a draw is 3-3. A draw is generally very hard to predict and the odds are always quite generous for this bet. Even when the teams are equally matched (relatively speaking), as in the example of the Stoke v Bolton on the picture, the odds on the football game to end up in a draw are still pretty high. Both Bolton and Stoke are listed with the same 2.60 odds to win, yet the betting odds on a draw are high at 3.40, despite the common sense that if two teams are equally good, the best chances are that the game will be a draw.

 "2" - the visiting team will win the game. The column indicated by "2" shows the betting odds on the visiting team to win the football game. Generally the hosting team is thought to have the advantage of home turf and audience, thus the odds on the visiting team are often long, i.e. they pay more money. Of course, there is the case of Sunderland v Man Utd (see odds example table), where the visiting team is believed to be much better and the simple fact that they don't have home advantage is discounted by the bookmakers.

 Now that we have explained the "1x2" system of football betting odds, you should have a basic knowledge of how football odds work. You can apply this new knowledge not only to betting at the online bookies, but when filling your slip at the local betting shop, as well. When it comes to football and betting the odds on the outcome of the football games, the 1x2 method of indicating the odds rules all over the world.

Example of getting markets and football odds Now that we have the basics covered, let's look at some other bets on football and the possible odds. With the popularity of football betting, it's only natural that the bookmakers will offer more bets that just which team will win the game. Those additional bets are often referred to as betting markets and are simply wagers available to be placed on certain events in a football game, other than which team will be a winner.

 As you can see from the example to the left of football odds on the betting markets on the Liverpool v Chelsea game, there are plenty of other bets you can place on just this one game alone. As a matter of fact, there are 103 different betting markets on the Liverpool v Chelsea football game, even though we have not shown all of them.

 So how do the odds work on these football betting markets? Quite simple, actually. For every possible outcome of an event during the football game there are odds shown and the bookie will pay out on those odds, if your wager is a winner. As we mentioned earlier, there are plenty of match betting you can do on every single soccer game at any good online bookmaker. For example, you can predict the correct score of the game and each possible outcome has odds posted on it. The smaller the odds number - the better chance of it happening. For example, looking at the match betting odds on the Liverpool Chelsea game, under the "Correct Score" table one can see that the outcome 1-1 has the smallest odds, thus according to the odds makers it has the best chance of occurring. If the game finished 1-1, Bet 365 will pay you 6.50 for every 1 you bet on this to happen. On the other side, Chelsea beating Liverpool 5-3 will pay the most money with 401.00 odds, thus has the smallest chance of actually happening.

 Other popular football betting markets include:

 "half time/full time", where the punter tries to predict which team will win the first half and which one would be the overall winner.

 "total goals" - a very popular football bet, where the bookmaker sets a total of goals (i.e. the goals of the home team + the goals of the visiting team) and the punter has to predict if the actual total of the finals score will go over or under the one predicted by the bookmaker. The odds here are very good and many bettors take advantage of this option. We also recommend it as the first step for people who are new to football betting to wet their feet with the betting markets.

 "Goalscorer" - odds on the players to score goals, whether first, second or anytime goals.

 "Asian Handicap" - another very popular betting market on the football games. The bookie gives a handicap to one team and takes away from the other and the punter must bet on the odds on which team would be a winner after the handicap is added/substracted.

 There are many more ways you can bet odds on football games. We will look into the most popular of them in much more detail in another guide of ours. For now, they have served their purpose to further explain how football odds work and to help new punters become familiar with betting on the football games. Which you should be very comfortable doing by the time you've read this guide and looked at all the examples provided.

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