Ever wonder how football betting works? Do you ever watch a game and think to yourself, ‘Man, I wish I could bet on that!’, but don’t know how? Don’t worry, this post is for you. We’ll cover everything you need to know about betting on football including how to place a bet, available bets, and how to ensure you’re getting the best odds possible. Let’s get to it.
How Do I Place A Bet?
Placing a bet with an online bookmaker is pretty simple. All you need is an account with them and the means to pay with a credit card. The process usually takes less than a minute and once it has been placed, the bookmaker’s website will display your market and the current odds. The following example displays the odds for the Arsenal versus Manchester United match which will be played this coming Sunday, September 16th.
As you can see, the odds for this game are very highly in favor of Manchester United. This means that if you place a bet on that game and Manchester United wins, you’ll have to pay out at least 3 to 1, with the bookmaker taking a hefty fee from your winnings.
On the other hand, if you bet on Arsenal and they win, you’ll have to pay out at least 8 to 1, with the bookmaker taking about a quarter of your winnings. The reason for this discrepancy is that United is the home team and their fans are more likely to engage in wagering activity compared to Arsenal supporters. This is usually the case when a Premier League match is on and the home team is involved. The higher the stakes, the more likely it is that the crowd will be more energized and enthusiastic about the game. Of course, this is pure speculation and doesn’t mean that one will automatically result in the other.
Which Football Bets Are Available?
There are many different types of football wagers available to bet on. Some are pretty easy to understand, such as who will score the first goal, or which team will win the match. There are also more complicated bets where you have to pick the winner of a game that isn’t finished yet. For example, if you bet on the outcome of the Champions League finals, you’re placing a bet on a game that has yet to be played. This makes your odds of winning very high, simply because there are so many unknown factors. The following graphic will help bring down the number of variables that you need to consider when placing a bet on football:
If you’re still wondering which football bets are available and which one you should avoid, check out this post by TopBettingTips where they list the best odds available for each bet type. This post will tell you which ones are worth trying and which ones you should steer clear of. You can also click here to get all the info you need to know about the Arsenal versus Manchester United match. This example of a Premier League match is a little bit more complicated because we aren’t certain of the outcome. If you’re looking for less complicated Football bets, check out this list of tips on how to bet on soccer. The above graphic will help make things simpler, so you can get back to watching the game and having some fun.
Can I Bet On Football During a Game?
While it’s not generally recommended to bet on football during the game, it’s actually perfectly legal to do so. If you’re at a bar or restaurant and the game is on, you can place a bet on it. Just make sure you’re not doing so in any way that affects the outcome of the game. For example, drinking alcohol while watching the game is technically against the rules, but it’s something that happens every day and it’s certainly not a unique situation to football. Many bars across the country sponsor teams and their players, so they can gain a competitive edge in gaining customers. This is why you’ll sometimes see announcements made during the game regarding the availability of drink or snack vouchers for that evening’s selected team. This is also why you should avoid betting on games where you don’t live, as you might get in trouble if the game affects the outcome of the match.
What Is The Commision?
Most bookmakers will charge you a small commission for each ticket that you purchase. The amount of this commission varies from bookie to bookie and it can range from a couple of percent to as much as ten percent. The following table lists typical commissions that you might encounter:
On the other hand, some bookmakers will only charge you a commission when you win. In case you’re wondering, the term ‘commission’ in this context doesn’t necessarily mean that you’re going to win or lose. It can also mean that you’re going to place a bet, but it’s not going to meet its objective. In this case, you’ll have to pay the bookmaker the standard rate for the wager. The following graphic will help you understand how betting works in football and the different variations that you might encounter:
To conclude this topic, let’s reiterate that you can bet on football anytime you want, as long as you have an account with a reputable bookmaker. Make sure you understand the rules and regulations surrounding this type of wagering, as unfortunately, there are a number of scammers out there who might try and trick you into betting on something that you cannot afford to lose. Be smart, do your research and don’t be afraid to ask questions when you’re unsure about something. This way, you’ll be sure to enjoy your time betting on football and have as much fun as possible.