Exploring Different Betting Markets in Football and Their Odds

Football betting is characterised by various betting markets that offer bettors different profits for wagering on the outcome of matches or specific events in a game. With so many options out there navigating football betting markets can be overwhelming, especially for new punters. We know this, so we wrote this article on Exploring Different Betting Markets in Football and Their Odds.

Understanding betting markets and how they work is one of the most important things you should know before gambling. These markets are specific outcomes in a match that you put your money on. There are lots of markets each one providing a different outcome for punters.

In this guide, we delve into and compare the different betting in football odds, and how they work. 

What to expect:

• What are betting markets in football?
• How do betting markets work in football?
• 16 types of betting markets in football and their odds.
• Understanding odds in football betting markets.
• How to use betting markets in football.

What Are Betting Markets In Football?

A market in football is a category of wagers that you can place on a specific area or outcome of a football match or event. 

You can bet on the final score of a game, the number of goals to be scored, who the first goalscorer will be, the number of corners, the number of red or yellow cards that’ll be issued, etc. 

Every market has a set of rules, odds, and payouts that govern them, and you need to be conversant with each one, before making any Sports betting predictions.

How Do Betting Markets Work In Football?

Betting markets all relate to a different aspect of football or event. One match can have a large amount of markets for only one event. These all span different areas of the game and will have different odds attached to them. You can bet on one market or many. 

Some of the Best sports betting sites like 1XBet or Matchplug that allow offer you multiple betting markets and odds for a single game. 

16 Types Of Betting Markets In Football And Their Odds

In this section, we share some of the most popular and widely used betting markets in football. 

1. Match Result (1×2)

Match result entails predicting the final result of the match, using three available selections:

• A home win (1)
• A draw (X)
• Away Win (2)

Despite how simple it is, this betting market requires a careful analysis of team forms, injuries, and historical data. This ensures that you make insightful predictions and wager on lucrative bets only.

2. Over/Under Goals

In this Over/Under Goals, you predict if the total number of goals scored by both clubs will be above or under a set number. This is usually set at Over 2.5 Goals. This betting market allows you to focus only on the team’s attacking and defensive prowess, thereby making the prediction process simple.

3. Correct Score

Correct Score is a high-risk, high-reward market that involves predicting the exact final score of a game. Although its potential profits are profitable, the difficulty of making a Correct Score prediction about the exact number of goals that’ll be scored in a match makes it best for seasoned bettors.

4. Both Teams To Score (BTTS)

In both teams to score, your task is to predict if both teams will score at least one goal during the game. The result is independent of the match’s result, providing an exciting betting experience that depends on each club’s offensive abilities. MatchPlug is one of the best btts prediction site so you should check us out.

5. Asian Handicap

Asian handicap creates more balanced and competitive odds by implementing goal advantages and disadvantages to teams before a match starts. This market allows you to focus on the clubs’ strengths and weaknesses rather than predicting the match’s overall result.

6. Match Betting

Match betting is one of the most straightforward betting markets, where you wager on the outcome of a match, whether a win, a draw, or a loss.

7. Prop Bets

These bets focus on specific events or occurrences within a football match. This could be the first goalscorer, the number of corners, the number of cards issued, the number of fouls, etc. If you wish to explore pro bets for an upcoming matchup, there are several football betting sites where you can do that.

8. Half-time/Full-Time

This betting market involves wagering on the result of the first half and/or the second half. You can wager on the home team, or away team or draw for one or both halves. 

Half-time/full-time is better for football fans who understand that some clubs start or finish matches strongly or weakly regularly. Knowing each club’s patterns and history will give you an edge here.

9. Point Spread

The point spread is a line that represents the projected score differential in a match that favours one club. In basketball and football, the point spread often differs, but in sports like baseball and hockey, the spread is often 1.5 in favour of one team. You can wager for the spread, meaning the favourites surpass the projected differential, or against the spread, meaning they don’t.

10. Corner Betting

Corner betting is a specialized market that entails wagering on the total number of corners awarded in a game or which club will get more corners. To succeed in this market, you must understand each side’s strategy, playing style, and ability to apply pressure and create scoring opportunities. 

11. Moneyline 

Moneyline is among the most common and popular betting markets in football, due to how simple it is. A moneyline bet is simply choosing a team that you feel will win a match. If you bet Tottenham on the Moneyline, that means you think they’ll win.

12. Double Chance

In double chance, you wager on two of three outcomes of a game to increase your chances of winning. These outcomes are:

• Home team or draw.
• Away team or draw.
• Home team or away team.

Double chance provides extra safety as you will be paid in full if either of your combinations wins. However, this is shown in the odds, which will be lower than in single-match outcome markets.

13. Futures

Future or outrights is a betting market based on long-term outcomes that are not paid out immediately. An example of futures included betting on a club to win the Premier League, a player to receive the Ballon d’Or award or goalkeeper of the year.

14. Specials

Specials are bets that span the normal scope of a match or event, like the winner of a contest, highest goalscorer, player of the year, manager of the year, etc.

15. Goalscorer Betting

Goalscorer betting is simply betting on a particular player to score during a match. It is one of the straightforward betting markets in football. You can wager on different outcomes such as your choice to be the first or last goalscorer in the match or to score at any time in it. The odds of a player scoring at any time will be lower because there is a greater chance of it happening.

16. Accumulators

Accumulators are a type of betting market where you integrate multiple selections from different matches into one bet. The odds of each selection are multiplied, and all of them must win before you get a payout.

Understanding Odds In Football Betting Markets

Another vital aspect of football betting is knowing how to read odds and make informed decisions. Here we break down everything you should know about odds in football betting markets.

What Are Odds?

Odds are numerical representations of the probability of an outcome happening, and they determine how much you can win if you place a correct bet.

How Are Odds Displayed In Betting Markets?

Odds are represented in different formats, like decimal, fractional, or American, but they all show the same information: the implied probability and potential payout.

For example, suppose the odds for Manchester City to win a match are 2.00 in decimal format, 1/1 in fractional format, or +100 in American format. In that case, it means that the implied probability of that outcome is 50%, and the potential payout is double the amount of your stake. 

If you wager $10 on the Citizens, you get $10 if they win, or lose a $10 if they lose or draw.

What To Know About Odds In Betting Markets?

Odds are not fixed and change at any time influenced by various factors such as market demand, bookmaker’s margin, team news, player statistics, historical performance data, etc. 

It is important to stay informed about these factors for each team in a match and compare odds across bookmakers and markets until you find the best value and opportunities.

How To Use Betting Markets In Football

This is how you can utilise betting markets to start wagering on various outcomes.

1. Create A Betting Account

Create an account with the sportsbook you prefer. We have an extensive selection of the best football prediction websites, you can check out.

2. Browse The Sport Section

The Sports section is where you can find the sport you want to bet on. Click on the sport, league, and game of your choice to see the markets.

3. Look Through The Market Sections

Examine all the different market sections, and see if any of them stand out. Ensure you are familiar with the market you wish to wager on, or you might bet on the ones you don’t want.

4. Click Related Odds

Click only on the odds related to the market you want to wager on, and type in how much you want to wager on the bet slip.