We’ve explained betting odds, but what markets are these set on? As the US sports betting industry continues to grow, so does the selection betting options, or betting markets, at each site. Odds will vary between these markets, and even between the same markets at different sports betting sites.

Understanding basic bet types is vital for any punter to maximise their opportunity of making a profit. This article explains three basic bet types offered by Pinnacle; 1X—2€, Handicap and Totals. Continue reading to learn more about the different basic bet types.

• The 1X2 bet is the most common form of wagering option that there is in football betting. It can be referred to as Match Outrights or 90 Minutes markets as well. It is simply one prediction made on the outcome of a fixture which has three potential outcomes in it.
• Sports Betting Odds Explained For the novice sports bettor, understanding how sports betting odds work can be one of the most confusing sets of numbers you've ever dealt with. For those who have just started betting on sports, to know how the odds work is of key importance for.

Basic Bet Types: 1X2€

1X2 betting is one of the most common forms of betting and is the simplest way for a bettor to understand the cost of a bet. We can use a hypothetical Champions League game between Borussia Dortmund and Napoli to explain how 1X2 betting works.

If you staked £10 on Borussia Dortmund to win at odds of 4.250, you would win £42.50 -€ although that would include your initial £10 stake. Therefore your profit would be £32.50. You would win nothing if the result ended in a defeat or draw for Borussia Dortmund.

A £10 bet on a draw would have returned £37.90 (£27.90 profit and your £10 stake); while the same bet on Napoli to win would see you pocket £19.17 (£9.17 profit).

Once you are familiar with 1X—2 betting, the next step is to understand how the value in 1X—2 odds varies across bookmakers, thus impacting your potential winnings.

Basic Bet Types: Handicap

Betting on the handicap is valuable when one team is heavily favoured over their opponents. To counter the perceived bias in ability, bookmakers offer a handicap to level the playing field.

The handicap is factored into the final score to determine the game€'s outcome for the purpose of the bet (which might be different from the actual result).

The handicap is factored into the final score to determine the game€'s outcome for the purpose of the bet (which might be different from the actual result).

For example, the handicap for the hypothetical example above might be (+0.5, 2.020) for Borussia Dortmund and (-0.5, 1.917) for Napoli.

If the result was 1-0 to Napoli, bets on Napoli would win as the 0.5 handicap is not enough to change the outcome. This is often called €covering the handicap€.

If the result was a 1-1 draw, however, bets on Borussia Dortmund would win, as the 0.5 handicap added to their score is enough to tip the match in their favour.

The handicap can also differ by appearing as a split, such as €+0.5 & +1 or -0.5 & -1. This takes your stake and effectively places two handicap bets -€ one at each option. Therefore you can win both bets, just one, or lose both.

Advanced bettors will understand the relationship between 1X—2 and handicap betting and how to decide which option offers better value.

Basic Bet Types: Totals

Totals bets are another basic bet type, and a popular alternative to 1X—2 and handicap betting. The focus is not on finding the winner of a particular event, but predicting the outcome of game variables (e.g. total goals/runs/points or any other easily quantifiable variable).

Bookmakers offer bettors the option of whether the total goals/points will be either OVER or UNDER their assessment of the game.

For the hypothetical Borussia Dortmund and Napoli example, the total goal mark is set at Over 2.5 (2.080) and Under 2.5 (1.909).

If you bet £10 on the game to have over 2.5 goals and the result was 2-1 (a total of three goals) you would make a return of £20.80 (£10.80 profit), while you would have won nothing had you bet on the goals total to be under 2.5.

A video on 1X2 betting

If you found this article useful, you might enjoy our short video that explains how 1X2 betting works.

If you want to watch more educational betting videos, subscribe to the Pinnacle YouTube channel!

More people visit us here at ExplainBettingOdds.com to learn how to read soccer betting odds then any of the other sports. Soccer is the most popular and widely played sport in the world, so you can be sure that it comes with a ton of betting odds that are formed for the various leagues played all around the different countries. Another nice thing about soccer for bettors is the fact that there are leagues going on at all times of the year so there is always something to get in on. Certainly, a mega-event like the World Cup garners the most attention, but there are other grand-scale tournaments and regular leagues with many games played. The goal here is to go over the betting odds that you will no doubt see in your search across soccer lines. We want you to not only be able to recognize them but understand what they mean and how the bet would be won.

How To Read The Moneyline Soccer Betting Odds

This is the betting line that is pretty straightforward to understand. This is a wager placed on a team to win the game outright without any score handicapping involved in the equation. If you think team A is going to beat team B, then you want to put a bet on Team A with no worry about any type of spread.

When it comes to a moneyline, there are a couple of things that you should be aware of concerning the payouts. Since there is no spread, the payouts on a wager between one team and another can vary greatly. A wager on the favorite will require a bigger risk to receive less profit. On the flip side though a bet on the underdog to pull off the upset could see a very nice margin of profit returned. But with the team being the underdog, it obviously means that they are the longer shot to win.

Article: How To Read Moneyline Betting Odds

Soccer Spreads Explained

In terms of this type of betting the line, a goal spread is meant to establish a favorite and an underdog and then draw a handicap to even out the playing field. The goal spreads in soccer are typically small, with a half-goal up to two goals the spread that is seen most often.

Once the goal spread has been established on the betting line, you will know which team is the favorite, and which team is the underdog. The goal here is to place the wager on the team that you believe will cover the spread. If the favorite is a one goal favorite, that means they would need to win by two goals or more to cover the goal spread/handicap installed by oddsmakers. A goal spread is a common type of bet found with game lines, which you will see attached to every game along with a moneyline and over/under goal total.

Article: How To Read Point Spreads

Soccer Over / Unders And Game Totals Explained

Speaking of the over/under total, this is the third aspect to the game lines for soccer matches. The goal total sets a total goal number for a given match. Betting on the total is essentially wagering on the number of goals scored in the game for both teams, or you can even bet it for a single team. The number is set down, and the bet is made on the actual game-total going lower than or exceeding the number.

The payouts for an over/under goal total are typically right around even money so a huge margin of profit is not expected. But the bet is about as simple as it gets. Will the goals be higher or lower? Now when you see that number set to the side of the spread and moneyline, you will be able to recognize what exactly is being asked.

Article: How To Read Over / Under Betting Odds

Soccer Player Props -

There are 11 players on both sides of the field when the soccer match starts, and throughout the match several other players can be substituted in. Players can be wagered on just like a game is. They are what are known as player prop odds and they can be found in a variety of forms.

For soccer, prop odds are based on performances where factors like goal scoring, and assists are most often called into play. Unlike some other sports where statistics can be raced up and kept track of, soccer is relatively small in that department. Nevertheless though, props for players can be expected for many matches, especially when it comes to the big international tournaments from around the world.

Soccer Team Props

Just like you see where player performances can be wagered on, so to can team performances on the outcome of statistical categories, not just the getting the victory or defeat + the margin. Certainly a team winning or losing will be a team performance but those are related to game lines. Think of team prop odds as betting lines for teams within the game itself.

Team prop odds for a soccer game can be anything from the number of yellow cards received, to the number of goals scored in the first half or second half. Many times, team props will be the teams to do something first. The first goal scored in the game can be popular, or the first official shot on goal can all be considered variations of team props. These betting odds can be fun for those who are looking for simple outcomes outside of the game lines.

Soccer Futures Explained

Because of the fact that there are many international leagues in the sport of soccer, we can see plenty of futures odds to win different tournaments. The biggest futures line that is formed is the World Cup. It's the biggest tournament in the world, and warrants plenty of betting attention. World Cup odds can be formed as far out as four years in advance, shortly following the end of the previous World Cup.

It's not all about the World Cup though, as there are many others that can be seen. Futures wagers are some of the highest payouts for those betting on soccer. This is the chance to get in on action for a favorable payout to you as well, with plenty of time to research and consider your options.

Live Soccer Betting Odds Explained

The opportunity to place live wagers on soccer games is a prevalent as it's ever been. There is plenty of betting action available through live wagering. It largely depends on the outcome of a game. It can be things on a large scale such as different moneyline or spreads. Or it can come down to a single play such as a penalty kick.

And if there is a shootout at the end of a soccer game, action can get really intense. Not only can wagers be made on the winner of the shootout, but at sportsbooks that are on top of their live betting odds can be formed as quickly as picking individual shooters in that shootout to make a goal or miss the goal. That's some pretty exciting stuff.

Asian Soccer Handicapping Explained

Asian handicapping takes away the possibility of a draw in the outcome of a wager. When most game lines are formed, there is the option of a draw that is formed. However Asian handicapping takes away this variable, and forms the spread accordingly with the favorite and underdog, with the only two outcomes for either one to cover.

The idea behind this is to increase the bettor's chances of winning a wager. Instead of a one in three chance to win, it's now a 50 percent chance. Bettors are able to win a wager even if their team draws.

Bovada Sportsbook - Wager On Your Favorite Soccer Club

The soccer season is pretty long and players know that this is a chance for them to make a lot of cash throughout the whole season. Bovada is one of the better sportsbooks that have all the sports for fans to bet on and that includes soccer. We see that players have many options but having Bovada at the top of the list is what most players have and it makes all the sense in the world for them too. Soccer games can have very little scoring but still can hit on the point spread that is offered on Bovada.

Even when it comes to the live betting option, these soccer games are the perfect games for players to place live betting bets. The reason for that is because soccer games can be so long so that means that a lot of different things can happen. Soccer fans have all the winning opportunities here on Bovada and that is why they bring in other friends to join this great sportsbook.

MyBookie Sportsbook - Soccer Games Big On MyBookie

MyBookie is the way to go when it comes to signing up for a sportsbook with soccer games. Soccer fans know that the season-long and there is a lot of money that can be won. Picking future bets on MyBookie also is one of the better moves for players as well because there are always sleeper teams that come out and make a huge move on the title at the right time

1x2 Odds Tips

It is great to see how teams compete all the time and make money on them as well. This is why players continue to sign up for MyBookie because they know a lot of money that will be won once they put in some serious cash on MyBookie.

1x2 Odds Explained