Terminology – Bets and How to Calculate Winnings in Football Betting
If you want to engage in football betting, knowing how to calculate winnings is essential. Each type of bet has a different reward level. Without knowing how to calculate the winnings, you won't know the most reasonable bet to place.
Football terminology is also crucial. Understanding these terms is necessary to grasp the theoretical explanations of football bets, making it easier to place better bets.
How to Calculate Winnings in Football Betting
Most bookmakers today do not have a fixed betting amount. Each person is free to place their own bet amount. However, the winnings will depend on the betting odds.
Specifically, the winning amount after betting=bet amount x betting odds.
For example, in a match between Bayern Munich and Barcelona with a handicap of 0.75 and odds of 0.5:0.95, if you bet 200k on Barcelona to win the bet, the winnings will be=200k x 0.95=190k + 200k=390k.
Football Betting Terminology in Asian Handicaps
When playing Asian handicap football bets, you will encounter terms such as handicaps, Handicap bets, or Asian Handicap. In this type of bet, you will often hear the following terms:
Handicap: This is the handicap rate given by the asian bookmaker. The rate is based on the difference in strength between the two teams. The reading method will be explained in the detailed explanation of football bets.
Odds: The conversion rate for betting payments.
Over/Under (Upper/Lower): The stronger team/weaker team, the team being handicapped.
Win Full: Win the entire amount.
Lose Full: Lose the entire amount.
Win Half: Win half of the amount.
Lose Half: Lose half of the amount.
HT (Half Time): Calculated for the first half.
FT (Full Time): Calculated for the whole match.
ET (Extra Time): Calculated for extra time.
Pen: 11-meter penalty kicks.
Draw Bet: Handicap bet with no difference between the two teams.
Live Bet (Running): Bets placed while the match is ongoing.
Football Betting Terminology in Over/Under Bets
Similar to Asian handicaps, Over/Under bets also have their own terms. This type of bet, also known as Over/Under bets, includes the following terms:
Over: Represented by the letter O, indicates the actual match result being higher than the number given by the bookmaker.
Under: Represented by the letter U, indicates the actual match result being lower than the number given by the bookmaker.
The betting odds provided by the bookmaker can relate to goals, cards, corners, etc. However, you need to pay attention to whether the number given by the bookmaker is for HT (Half Time) or FT (Full Time).
Football Betting Terminology in European Bets
If you participate in online football betting, you will often encounter European bets. These bets have the following terms:
1×2: Name of the bet, where you bet on the home team.
1: Bet option for the home team to win.
x: Bet option for the home team to draw.
2: Bet option for the home team to lose.
1x: Bet option for the home team to win or draw.
2x: Bet option for the home team to lose or draw.
Detailed Explanation of Football Bets
If you want to analyze bets for matches, understanding each bet type is crucial. However, you won't be able to know which team a bet is on or its odds if you don't know how to read the bets. Therefore, the first condition is to be proficient in the following information:
European Bets
European bets are bets placed on the home team based on the actual match result of Win – Draw – Lose. Accordingly, there are three corresponding bet types.
This bet type is also known as 1×2, where 1 corresponds to the home team winning, x corresponds to a draw, and 2 corresponds to the home team losing. You can place a single bet or up to two bets depending on the list of betting site in nigeria.
Explaining European football bets is quite simple. Almost anyone can participate in this type of bet. With basic football knowledge and some money, you can bet and win with this type of bet.
Asian Handicap (Handicap Betting)
Asian Handicap, Handicap betting, or Asian Handicap are names for this type of football betting. Unlike European bets, this bet is not based on the final result of the match and is not easy to play. There are no draws here, and you must know how to read the bets.
The different betting figures are based on the difference in class and strength between the two teams. This is researched and set by the bookmaker. The stronger team will give a handicap of n goals to the weaker team. If you bet on the stronger team, you only win if that team wins by a margin of n goals or more. Conversely, the bettor on the weaker team will win.
Prominent Asian handicap football bets include:
Draw Bet (Handicap 0): Between two teams with equal strength. The betting method is similar to European bets. However, if it’s a draw, the bookmaker returns the bet amount.
Handicap 1 goal: The stronger team gives a 1-goal handicap to the weaker team. If the stronger team scores 2 or more goals, the bettor on the stronger team wins the full amount. If the stronger team scores 1 goal or less, the bettor on the weaker team wins the full amount.
Handicap 0.25: If the favored team wins by 1 goal or more, the bettor on the stronger team wins the full amount. If the favored team loses, the bettor on the weaker team wins the full amount. If the teams draw, the bettor on the weaker team wins ½ the amount, and the bettor on the stronger team loses ½ the amount.
Handicap 0.5: If the favored team wins by 1 goal or more, the bettor on the stronger team wins the full amount. If the favored team draws or loses, the bettor on the weaker team wins the full amount.
Handicap 1.25: If the favored team wins by 2 goals or more, the bettor on the stronger team wins the full amount. If the favored team wins by 1 goal, draws, or loses, the bettor on the weaker team wins the full amount.
Explaining Over/Under Bets
Over/Under bets, or Over Under, involve betting on a number set by the bookmaker. This number could be the total goals, cards, penalties, or corners. The bettor predicts whether the match result will be higher or lower than the bookmaker's number.
If higher, it’s Over. If lower, it’s Under.
Explaining Correct Score Bets
Correct score bets involve predicting the exact score of the match. Reliable bookmakers will provide the likely scores for the match. You simply choose the score you believe the match will end in. The more unlikely the score, the higher the reward.
Conclusion
The above are the terms and explanations of football bets in betting. We hope this information helps you understand this game better and apply it to win more often.
