The most popular questions come from the beginners who are new to sports betting. And the question is how to understand different bets on sports betting? This question is raised because of the online sports betting companies offer different types of bets. These bets really need to understand properly as beginners so that you can see touch your expected wins.

How to Understand Different Bets on Sports Betting? | For Beginners in 2020.

The different types of sports are-

  1. 1X2
  2. Over/Under
  3. Correct Score
  4. Outright
  5. Parlay or Accumulator

let’s jump to the explanation –

Understand 1×2 bets on sports betting

1X2 betting is mostly used for betting on football and team matches. The 1X2 market is also known as the Three-Wat Bet, Match Betting, Full-Time Result. This is a very simple bet.

There are three outcomes of the 1X2 bet. Like,

1 = home win, X = a draw, 2 = away win.

The outcome also depends on the match time regulation. This is a single bet on a single match result. Extra time is not counted for the 1X2 bet. If a football match tie and goes for the extra time, the bet will be X = a draw. Although the home or away team wins the match after extra time, the bet also remains X (a draw).

Example: 1x2 bets on sports betting

Arsenal vs Leicester, Premier League 

Here 1X2 bets are,

1 = Arsenal (Home win), X = A draw, 2 = Leicester (Away win).

The odds here are like-

1X2 bet on Arsenal vs Leicester

1 (Home win)1.36 (odd)X (A draw)4.75 (odd)2 (Away win)8.50 (odd)

Guide to Stake for winning the “1X2 bet”

You Stake $100 

If Arsenal wins the match – You Win $136 (1.36×100=136) for the stake on 1 = Arsenal (Home win).

If Leicester wins the match – You Win $850 (8.50×100=850) for the stake on 2 = Leicester (Away win).

If it is the drawn match – You Win $475 (4.75×100=475) for the stake on X = A Draw.

Your winning must depend on the match results. 

Hopefully, you can understand these three possibilities of the 1X2 bet outcome. But there is also another two of the three possible outcomes that we are going shear.

Combining two of the three possible 1X2 bet outcomes:

We have the basic idea to bet on the 1X2 market. With this market, you can also bet on the combination of 1X, X2, or 12. This betting combination means-

1X = Home win or draw, X2 = Draw or away win, 12 = Home win or away win.

Arsenal vs Leicester, Premier League 

Here 1X2 bets are,

1 = Arsenal (Home win), X = A draw, 2 = Leicester (Away win).

The odds here are like-

1X2 bet on Arsenal vs Leicester

1X (Arsenal or Draw)1.083 (odd)X2 (Draw or Leicester)3.20 (odd)12 (Arsenal or Leicester)1.20 (odd)

Guide to Stake for winning the two of the three combinations of “1X2 bet”

You Stake $100 

The possible return of $108.30 (1.083×100=108.30) for the stake on 1X =Arsenal or Draw.

The possible return of $320 (3.20×100=320) for the stake on X2 = Draw or Leicester.

The possible return of $120 (1.20×100=120) for the stake on 12 = Arsenal or Leicester.

Now you can understand the 1X2 bet sports and matches by three-way bet as well as two of the three-way bet.

Understand Over/Under bets on sports betting

Over/Under bet is a popular bet in football and other sports or matches. Most odds are given against Over/Under bet. If you see the bookmakers, you can recognize the phrases like “Over 1.5 goals” or “Under 2 goals” in football as well as “Over 300.5 runs” or “Under 300.5 runs” in cricket match betting. Over/Under market is not only useful in the bet on goals and runs but in more sections of a match in various sports.

Example: Over/Under bets on sports betting

Arsenal vs Leicester, Premier League 

Here Over/Under bets are,

Over/Under bets on Arsenal vs Leicester

Over 1.5 (goals)1.36 (odd)Under 1.5 (goals)4.75 (odd)

Guide to Stake for winning the “Over/Under bets”

You Stake $100 

If the number of goals is 2 and more – You Win $136 (1.36×100=136) for the stake on Over 1.5.

If the number of goals is 0 and 1 – You Win $475 (4.75×100=475) for the stake on Under 1.5.

Not only goals, the Over/Under betting market is applying in different sections of sports or matches such as the number of runs in a cricket inning, the number of wickets, or the number of corners in a football match, etc.

As a beginner always a question will arise when you see the .5 in Over/Under market.

Why .5?

Generally the bets like Over/Under will include “.5“. So the confusing things are how do teams score half a goal or corners or runs or wickets?

Actually, it is not confusing. It makes this type of bet easier because it skips the possibility of a draw.

From the above example, if I bet on Under 1.5 goals then I will win for the following types of score.

0-0, 1-0, 0-1

If the match result will be ended with 1-1, I will lose because of 2 goals is larger then 1.5.

So there is no draw option.

Understand Correct Score bets on sports betting

Very high prediction needs to win in the Correct Score bets on sports and matches. You have to guess the correct score of a game in this betting market. The score means – it could be the tennis match score, it could be the football or cricket match score. The odds of correct score bet is very high. So it is a very small chance to win the bet the correct score exactly.

Different types of the correct score are-

  • Full Time correct score bet
  • Half Time/ Full Time correct score bet
Example: Correct Score bets on sports betting

Full Time Correct Score bets:

Arsenal vs Leicester, Premier League 

Here Correct Score bets are,

Full Time Correct Score bets on Arsenal vs Leicester

1-07.50 (odd)
2-011.00 (odd)
2-19.00 (odd)
3-023.00 (odd)
3-119.00 (odd)
3-223.00 (odd)
4-051.00 (odd)

Guide to Stake for winning the “Full Time Correct Score bets”

You Stake $100 

If the Score of football match 1-0,  You Win $750 (7.50×100=750) for the stake on 1-0.

Half Time/Full Time Correct Score bets

Arsenal vs Leicester, Premier League 

Here Correct Score bets are,

Half-Time/Full-Time Correct Score bets on Arsenal vs Leicester

Draw 0-0 Draw 1-07.50 (odd)
Draw 0-0 Arsenal 1-011.00 (odd)
Draw 0-0 Leicester 1-09.00 (odd)
Arsenal 1-0 Arsenal 1-023.00 (odd)
Leicester 1-0 Leicester 1-019.00 (odd)
Arsenal 1-0 Arsenal 2-023.00 (odd)
Arsenal 1-0 Draw 1-151.00 (odd)
Leicester 1-0 Draw 1-151.50 (odd)
Arsenal 1-0 Arsenal 2-160.00 (odd)
Leicester 1-0 Leicester 2-160.80 (odd)

Guide to Stake for winning the “Half Time/Full Time Correct Score bets”

You Stake $100 

If the Score of half time is Arsenal 1-0 and the Score of full time is Arsenal 1-0 ,  You Win $2300 (23.00×100=2300) for the stake on Arsenal 1-0 Arsenal 1-0.

Understand Outright bets on sports betting

Outright bets on sports and matches are always offered in sports betting. You can place bets on the winner of tournaments weeks or months in advance. The outright market is also known as the ‘ante-post’ market. The interesting fact of Outright bets is if you bet far enough in advance, you can get much better odds.

Example: Outright bets on sports betting

Premier League 2017-18

Here Outright bets are,

Outright bets on Premier League 2017-18

Arsenal7.50 (odd)
Aston Villa11.00 (odd)
Barnsley9.00 (odd)
Birmingham City23.00 (odd)
Blackburn Rovers19.00 (odd)
Leicester City23.00 (odd)
Manchester City51.00 (odd)
Manchester United51.50 (odd)
West Ham United60.00 (odd)
And more club…more odds…

Guide to Stake for winning the “Outright bets”

You Stake $100 

The winner of the Premier League 2017-18 was Manchester City, So You Win $5100 (51.00×100=5100) for the stake in Manchester City (When the odds offer before the tournament start).

Understand Parlay or Accumulator bets on sports betting

A parlay or accumulator can be described as its a kind of bet where you can bet on multiple picks. This means this market combines multiple events into a single bet. More easily you have to select the multiple odds or set of odds to stake.

But the tricky thing is bookmakers only return the win if every single odd that you selected wins. This means if you lose a single odd of the selected set of odds, the whole accumulator loses.

So more events in a single accumulator, less to win but bigger the expectation of payout.

Example: Parlay or Accumulator bets on sports betting

Consider the four-fold football:

ResultEventsOddsOutcome
Rockies @ DodgersDodgers To Win1.645Win
Giants @ DiamondbacksDiamondbacks To Win1.833Win
Angels @ AthleticsAthletics To Win2.200Win
Padres @ CardinalsCardinals To Win2.050Win

You Stake $20
You win all the event now your return is-

$272 = $20 * (1.645 * 1.833 * 2.200 * 2.050) 

If a single accumulator loses, no matter how big or small the accumulator or parlay is the whole accumulator loses. 

So, according to the example above, if an event supposes Cardinals lost but the other three events won, you would have lost your $20.

These are some basics for the beginners so that they can get the answer of How to understand different bets on sports and matches? We use Decimal Odds in the examples. If you want to get knowledge about other types of odds, you can read our how-to guide of How to Read Odds?. There are more bets available that we are going to cover for those who want to step up themself into the advance level. So keep connected with us by leaving you valuable comments.