Bet types/markets and their meaning
The section below covers the most common bet types. But first, we’ll have to address the 🎅 fact that bookmakers can be somewhat inconsistent in naming bet types. It’s quite frustrating when you’re about to place a 🎅 bet, to not even find the correct bet type on the bookmaker website. But the bet type might just be 🎅 presented with a different name than what you are looking for. This is because some bet types are referred to 🎅 differently in different parts of the world. For a sports betting beginner, this can be rather confusing. But with a 🎅 little practice, you’ll soon learn how each bookmaker presents their odds. Read more about the different bet types in the 🎅 Ultimate Guide to Sure Betting.
Win / Moneyline / Draw No Bet
Also known as straight bet, DNB or 2-way bet.
One of 🎅 the most popular bet types and is offered in various sports. This market simply means betting on a specific team 🎅 to win a game, match or other event. The term “win” is used almost everywhere, while “moneyline” is mostly used 🎅 in the United States and a few other regions. The term “straight bet” can also be used for this type 🎅 of wager. Draw No Bet In the case of three possible outcomes, as in soccer, a draw results in your 🎅 stake being returned. Hence the name “draw no bet”. Additionally, an Asian handicap of 0 (AH0) is the same as 🎅 Draw No Bet, as it also eliminates the option of a draw.
1X2
1X2 is one of the most popular bet types 🎅 in soccer. A 1X2 bet involves a match of two teams with three possible outcomes: Home (1), Draw (X) and 🎅 Away (2). This market may also be known as Full Time Result, Match Betting, or Three-Way Bet.
Asian Handicap (AH)
Also known 🎅 as point spread, puckline (hockey), game handicap (tennis) or map handicap (e-sports)
A handicap in betting means that the bookmaker has 🎅 given a virtual advantage to one of the competitors. The main reason for handicapping is that the draw result is 🎅 eliminated. (The two odds also move closer to 2.00, which can help even out your variance). With an Asian Handicap, 🎅 a draw is known as a push and you are refunded part or all of your original wager. AH0 = 🎅 DNB (Draw no bet)
Additionally, you can use the level Asian handicap betting market which displays the handicap as 0. If 🎅 the game ended in a draw, your stake would be returned – effectively achieving the same outcome as a Draw 🎅 No Bet. Half and quarter Asian Handicaps
Half and quarter Asian handicap is also known as a split handicap because the 🎅 initial bet is split between two handicaps. Read more about Asian Handicap betting
European Handicap (EH)
Also known as 3-way handicap or 🎅 1X2 handicap
European handicap is basically a 3-way bet, similar to a 1X2 match result bet. In matches where there is 🎅 a difference in strength between the two teams, a handicap is placed on the underdog, to even out the match. 🎅 The difference with Asian handicap is that the EH is always an integer number. Instead of placing an Asian Handicap 🎅 of -1,5 goals or -1,75 goals, the European handicap is always of a -1, -2, -3 etc. kind. If you 🎅 bet on a European Handicap, a draw is possible, but a European Handicap draw can only be achieved if the 🎅 favourite team matches the goal handicap.
Over / Under (OU)
Also known as Totals, Goal line
Over/under bets are typically placed on soccer 🎅 and basketball games but are common in other sports as well. You bet on the total number of goals/points that 🎅 will be scored in the match, no matter which team. In tennis, you can bet on the total number of 🎅 sets or games that will be played before the match is over. Who wins the match is irrelevant. Bookmakers will 🎅 offer odds and set a line at what they estimate the total goals or points in the match are likely 🎅 to be. Example: In a football match, if you bet on over 3 goals, you lose your bet if only 🎅 one or two goals are scored and win if more than three goals are scored. If exactly three goals are 🎅 scored, your stake will be refunded. Half point over/under example: If you bet on “under 2.5 goals” and there are 🎅 one or two goals in the game, you win. If there are three or more, you lose the bet. The 🎅 middle option is effectively removed in a half-point over/under.
Double chance
A double chance bet allows you to cover two of the 🎅 three possible outcomes in a match with one bet. This type of bet is often offered for soccer games. When 🎅 betting on a Double chance bet there are three possible options to bet on: Home or Draw (1X) – Your 🎅 bet will win if the home team wins or the match ends in a draw. It will lose if the 🎅 away team wins. Draw or Away (X2) – Your bet wins if the away team wins or it’s a draw. 🎅 You lose if the home team wins. Home or Away(12) – With this bet, you win if there’s a winner 🎅 regardless of whether it’s the home or away team. Your bet will lose if the match ends in a draw.
Lay 🎅 bet
