How Does Football Betting Work

Last Updated on 05/07/2020

Countless people all over the world enjoy betting as a popular past time- especially sports betting. And when it comes to sports betting, one of the topmost sports on which bettors love to stake their money on is football, the most popular sport in the world. Even if you are an avid fan of football, it may be confusing to understand how sports betting works or more specifically, how does football betting work?

When you plan to bet on football, there will likely be opportunities and obstacles that you might face. That’s why it is necessary to focus on the understanding of how sports betting works as well as take a look into how football betting works.

Key Takeaways – Bullet points

  • A brief insight into the history of football betting?
  • A deeper look into how does football betting work
  • Tips to Remember While Betting
  • Types of Bets

How Does Football Betting Work – Guide

Football betting is a widely prevalent fad in the sports betting world. So how does football betting work? If you have the patience to learn, money to spend and a basic understanding of football, football betting can be an amazing area to work on.

History of Football Betting

Football betting has a long and mysterious history. It is not clear when football betting may have started. It is possible that the betting started when the sports began too. However, before the 1960s, football betting was done in closed rooms and it was illegal. One of the ways was by participating in weekly pools. It was started by Littlewoods in 1923. At that time, the answer to how does football betting work was through a8 points-based system where bettors won if they could guess close to the actual score in a series of 12 matches.

Once the 1960 Gambling Act was ratified, football became legal and many betting shops were set up. Football fans started engaging in active betting, though betting still had a black mark in society. From the 1990s, many betting operators set up their betting operations online, bringing in a large variety of bettors questioning how does football betting work, from newbies and experienced punters alike. There is a variety of betting markets online and in-play betting began with online betting as well. 

How does football betting work?

Betting has both skill, calculations and luck involved. Like any other skill, you cannot merely dive in and expect to win money out of it! While that would be ideal, there are a few steps you must follow to ensure your betting experience is not unpleasant or, even more terrible, destructive for you. Generally, football betting offers a large variety of betting markets, which is why you need to understand how does football betting work.

One of the ways by which football betting can work is through point spread method. In this method, you can predict a team winning or losing as per a predetermined margin of points. There are many other types of bets too. Plus, you can engage in in-play betting where you predict the outcome during the match. You can engage in football betting easily by making an account and a deposit with an operator.

Tips on Football Betting

Here are a few things to keep in mind as you slowly delve deeper into the world of football betting and understand how does football betting work:

  • Stick to what you know, which means if you’re winning with individual teams, stick to them.
  • Read up and understand the sport you are betting on, for example, how does football betting work specifically, since there are a lot of dimensions to the notion of betting.
  • Check for injuries and bans- keep yourself updated on both the teams. This way, you can assess weakness through injuries or suspensions.
  • Handicap games: It means analysing each team’s chance of winning and comparing that to the odds. There are a lot of factors which may affect the game, and you need to assess how many of those will impact the result.
  • Set an initial budget intended for betting and nothing else. Keeping track of the money you spent on football betting is quite important to follow your records, calculate your profit and to save you from bankruptcy.
  • Record your bets since it will help you develop your betting abilities regarding future bets and prediction.

Types Of Bets:

Since football is a sport with such a broad audience, it is quite easy to engage in betting on the internet as well as to learn new tricks to improve your chances and knowledge on how does football betting work. Plus, there is a wide variety of bet types that you can choose from. Some of the most popular bets are:

  1. Straight Bets or Point Spreads

A straight bet means that the team you’re wagering on has to win by the same number of points decided at the time of the wager. The favoured team can be handicapped by deducting points while the underdog is given points.

For example,

Team A (+3 )

Team B (-3)

Here, Team A is the underdog. A wager on Team A means you’re betting on Team A to lose by 3 points, while a wager on Team B means you expect them to win by more than three points. If they win by precisely 3, it’s called a push and you are refunded your original amount.

  1. Money Line Bet

One of the simplest bets, this merely requires the team you wagered to win the match. The odds on this vary, but you should know that the bookmakers hold a much more significant percentage than a typical straight bet. It is often seen as an alternative to point spreads, and an advantage to this is that you get to control the risk vs rewards- a safer option. You tend to make higher returns if you back the underdog team instead of the leading player. And instead of the same odds on both, the underdog and favourites have a very different balance.

  1. Over Under

These are the wagers made on the total number of points that are scored during any given game by both teams- the sportsbook sets a line which is the number you will be basing your decision on. You bet on the total amount of points being either under or over this line. If the outcome matches your prediction, you win. These are pretty convenient since you’re allowed to make multiple bets on the same game. Over-under bets are simple and have a low risk unlike Moneyline bet. Hence, it is recommended for most newcomers.

  1. Parlay

In a parlay, the person who bets selects two or more teams and all the teams wagered on must win. If there is a tie, then you are paid out in the next pay off. That means if you had wagered on five teams and two tied, then you would be paid based on the other three teams assuming they all won. Parlay is a high-risk bet and so, there is always a chance that you might lose all your money. However, if you win, you get high payouts as well. Parlays are not recommended for newcomers.

  1. First Goal Scorer

This is a wager placed on who will score the first goal- there is even the option of a ‘no goal scorer’ which means there was no goal scored in a reasonable time. Make sure you talk about the specifics in case of a substitute or own goal with your bookies before the match starts and the bet is placed.

For example, own goals are usually ignored, so the next reasonable goal is counted as the first goal scorer. It is often better to bet on ‘no goal scorer’ than on ‘0-0’. The margins can be pretty high, but if you know your stuff, you’re likely to get a good return.

  1. Draw No Bet

In this type of bet, there is no option for you to wager on a draw. You are allowed to bet on either team winning, and if the match happens to end in a draw, you get your stake back. Hence, you will not be winning or losing any money in case there is a draw. It is quite simple to make and newcomers as well as risk-averse bettors tend to make this bet. However, the payouts might be low as it is a low-margin bet.

What other betting/casino guides & strategies are available?

As a newbie, football betting can initially be a confusing concept to get into. There are many strategies like Greyhound Betting Strategy, Value Bet Strategy, Inplay Tennis Betting strategy, and Golf Betting Strategy, etc and it might be difficult at first to wrap your heads around them. However, with a few betting guides, you can strengthen your overall strategy. Some of the best betting guides that you can use are: Best Football Betting Strategy India, Best Betting Odds for Football, Latest Football Betting Tips India. You can learn more about bets by going through guides like: how to do matched betting, how does accumulator betting work, how to make sure bets, how to read betting odds, can you make money on betting, and how does cash out betting work etc.

Conclusion

There are many advantages to betting on sports, especially football. Apart from the thrilling adrenaline rush, the most obvious one is winning a large amount of money against a stake. While it may seem like betting on sports is random- the more seasoned you are, the more you realise that betting is nothing but using gathered knowledge to make accurate predictions.

When you are engaged in football betting, you should know the different bets in football betting, a few tips on football betting and how the entire betting mechanism works. An easy answer to the questions like How does sports betting work or how does football betting work is- with your brain and not your heart.

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