How to Run a World Cup Betting Pool

The 2022 World Cup in Qatar is just around the corner and with it hundreds of thousands of football fans will be glued to their sets to see who will emerge victorious at the end of each match.

With the World Cup just around the corner, fans around the world will be looking for ways to bet on the big football event. With the odds for the World Cup being heavily in favor of one particular team, it’s the perfect opportunity for football fans to place their bets. But where should they go to do that? Well, if you’re looking to place a bet on the World Cup but don’t want to miss out on the action, there’s a perfect opportunity right here in Australia.

The A-League is one of the best football leagues in the world. If you follow Australian football (soccer) then you’ll know that this year it finished its season undefeated, a first for any Australian professional sports league. Naturally, this saw bets flood in on Queensland Reds to win the 2022 FIFA World Cup.

But what happens when the Reds don’t win? What if they lose? Will the gamblers still honor their bets? And what is the best way for Australian football fans to bet on the World Cup?

To find out, spoke to Justin Barrows, CEO of and Nathan Burke, Director of Football at about how to run a World Cup betting pool.

The Basics Of Setting Up A World Cup Pool

Before you start organizing your own World Cup betting pool you’ll want to make a few decisions. First, what sports are you going to accept as wagers on? Second, what will the wagering format be? Third, who will be the house and who will be the counterparty? Finally, how many teams do you want to include in your pool?

These are all important questions and have a significant bearing on the success of your pool. The choice of sports you offer as bets will largely depend on your bank account. If you have a large sum of money to spare then running a soccer pool may be a good idea as there’s a large number of markets and leagues to choose from. You also need to consider how much time you have to dedicate to managing the pool. If you have a full-time job, perhaps choose a hobby. Otherwise, you may have to choose to forego certain sports due to time constraints.

What Is A Settle?

If you’re unfamiliar, a ‘settle’ is when one of the two teams in a wager comes back from a goal or event and the other team has to cover the costs. For example, if Team A scores a goal in the first eight minutes of a game and Team B wanted to wager on it, A would need to settle the bet by giving B some of their best football boots as collateral. If the goal is not scored within the first eight minutes, then the wager is considered to have been settled in favor of the team that did not score.

What Is The Difference Between Win, Place, And Each?

One of the most important things to consider when setting up a World Cup betting pool is how you’ll settle the wagers. Do you want to win, place or each way bets? Each way bets allow the winning and losing of a wager to be settled based on the score of the game. For instance, if a team scores a goal and the other team doesn’t, the bet is considered to have been won by the team that scored.

Place bets are a bit like traditional bets but only take into consideration the result of a match instead of the score. So if a team A scores a goal and Team B does not, then the bet is considered to have been placed in favor of Team B. Similarly, if a team B scores a goal and Team A does not, then the bet is considered to have been placed in favor of Team A.

Setting up a World Cup betting pool is no easy feat, but with the right guidance and plenty of preparation, it’s absolutely achievable. With the right tools and resources, it’s possible to bet on the World Cup with ease and comfort.