Modern football betting sites offer an increasing number of features. It’s becoming increasingly difficult to place bets correctly and select the perfect strategy. More and more people are participating in African betting, but there is a lack of guides on the rules. In this article, we will explain the main rules of modern football betting and guide you on how to read the money lines and calculate payouts based on the odds.
Main Football Betting Rules
Football is a very popular sport, and Tanzanian gamblers also value it highly. It does not imply that there are no specific guidelines for placing bets online in this field. You must learn these rules because they will help you avoid errors in your betting experience and permit you to make more profitable bets.
Before you start placing your first football bets, you will need to become familiar with many terms. We have compiled a list of the most intriguing to assist you.
But what are the common betting rules for football, and what are the most popular options? You will find out by continuing to read this article!
Soccer Betting Lines Explained
Even though soccer usually consists of a small number of scores, there are still numerous incredible betting variations. We’ll explain the beauty of betting on football, how the betting lines work, and which is the most profitable and easiest line to get started with. First, the money line is a type of bet that allows you to pick the winner of the event or a tie. Basically, you are betting on the first team to win, the second team to win, or a tie. Money lines have different payouts. The payouts depend on the teams. If you bet on the underdogs, you can expect higher payouts. On the other hand, betting on the favorite has a higher probability of winning but a lower payout.
How to Read a Sports Betting Line: Soccer Moneylines
There are thousands of monthly games that take place in modern sportsbooks. Even more, bets are placed on these games. The simplest way of betting is the money line bet. The most typical bet consists of three bets (first team to win, second team to win, and draw). Your goal is to pick one or two of the three outcomes. Each sportsbook displays the panel with available options and odds of each moneyline. They are presented in the form of the name of the team, the odds, and the outcome.
3-way Soccer Moneylines
The Three-Way Money Line allows you to bet on all three outcomes individually. The bet is written as 1×2, where 1 is a win for the first team, x is a draw, and 2 is a win for the second team. The result of the bet is determined after 90 minutes of the football match, including overtime. The bet won’t be active during penalty or extra time. So if you bet on team A and they win after 90 minutes, you win the bet.
2-way Soccer Moneylines
In 2-way football moneylines, the only bets that will work are the team wins. The draw variant does not take place. If the game ends without a win for either team, your bet will be refunded.
Soccer Double Chance Lines
Double chances is a popular betting line that allows you to bet on two outcomes at the same time. In other words, you double your chances of winning by betting on two out of three outcomes. For example, there are three money lines, and you pick the first team to win and the draw. And if either of these two events happens, you automatically win the bet. The beauty of this line is that the odds of winning are high. However, the odds are usually much lower. As a result, you get smaller payouts. But many beginners take slow steps to win big in the long run.
The philosophy of betting comes from the ability to make the correct prediction and choose the right strategy. Spread betting is a common technique used by oddsmakers that are divided into point spread and spread betting. These literally sound similar, but there’s a huge gap between them.
- Spread betting. This is not a regular bet with fixed odds. Instead, the odds are not fixed, and your betting results depend on how accurate your bet was. It’s not about who wins and who loses, like money lines, where you just pick the winner. Here, you have to guess where the outcome will be above or below the set amount (spread). Usually, the bookmakers set the difference between the favorites and the underdogs, and to win, the underdogs have to score less than the spread, and the favorites have to score more than the spread.
- Spread betting is an essential tool that has grown tremendously over the last decade. The tricky part of spread betting is a risky mechanism where there should always be a stop. Point spread betting is a handicap for the underdog. And the biggest question bettors ask is whether the favorite team will be able to win by more than the posted spread.
Calculating Payouts from Sports Betting Odds
We’ve discussed the main principles of bet types and how they work. Now, it’s time to learn how the odds work and how to calculate payouts from them. Understanding the odds is crucial because it shows how likely it is for the teams to win and how big or small the payouts will be. The odds are the indicators that are displayed before each game and betting market. The odds can be viewed in different ways. It depends on the location of the sportsbook. For example, in America, the odds come with the + or – sign and the number. In order to win the same amount of money, you have to bet more on the favorite than on the underdog. The European odds, the decimal version of the American odds, are shown in the form of a multiplier, such as 2.5 or 1.2, and if you win, your stake is multiplied by these numbers. For example, if you bet on the 3 money line on the home team to win with odds of 2.5, your stake of NGN 1000 will be multiplied by 2.5, which equals NGN 2500. And the total payout will be 2500, while the profit is 1500.
What Should You Look for With Sports Betting Odds?
Sports betting odds are your closest friends in the sportsbook. You need to learn how to read them and analyze the real odds and the ones that are displayed in the sportsbook. First of all, look at the value of these odds. Compare them with the favorites and the underdogs. Ask yourself if there is a fair ratio or not. Second, optionally check the odds at other sportsbooks on the same event. And third, be careful when betting with decimal odds. If the odds are 2.5 and your bet is $100, your profit won’t be $250. It will be $150 profit + $100 of your initial bet.
Sports betting is never boring. Such a huge number of various betting options, different types of bets, markets, and payouts make this industry grow. However, to stay afloat and always get what you want, it’s crucial to learn the basics of football betting rules, including football moneylines, football spreads, and point spread/handicap. Knowing all of this will help you increase your winnings by creating an excellent strategy.