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Betting options on football for beginners

2023/05/29 15:11
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Football is one of the most popular sports across the world, with tournaments around the world. If you love betting, football is one of the sports that you can bet on and make some good cash. Anyone can succeed in football betting if they have the right information and place their stakes correctly.

There are several types of sports bets out there. You should also know how to read odds, manage a bankroll, and increase your chances of winning a bet. This article provides you with some basics on football betting, many of which can also apply to other games.

Choosing a Sportsbook

Your journey to betting starts when you choose a platform to bet on. There are hundreds of sports betting sites in New Zealand to choose from. Go for bookmakers that have a positive reputation among their players, offer a comprehensive sportsbook, and have regular bonuses. This ensures that you use safe platforms that have all the features that you need to have an enjoyable betting experience.

If you are already a casino player, you may check if your platform also offers sports betting. This is a good move, as you have already experienced the quality of services on the platform on which you wish to bet. This is not always the case. Woo Casino for Kiwis and similar gaming platforms do not have a sportsbook. In such a case, you would need to open a separate platform. 

Differentiate Favourites from Underdogs

When a bookmaker creates a betting line on a game, it first decides which team should be the favourite and the underdog. The favourite team is the one that is most likely to win the game, while the underdog is the one expected to lose. In the American odds system, the favourite gets a minus sign next to its odds while the underdog gets the plus sign. When evaluating the odds, it is good to keep in mind these two phrases, as they affect the odds. Remember, being favourites does not mean that the team will win. Therefore, do not pick it blindly, as you are likely to lose your stake.

What are Spreads and Moneylines?

The two main ways to bet on a game are the point spread and the moneyline. In a point spread, you bet on the margin of victory. For example, if Manchester United is a -2.5 favourite over Arsenal, it means that the team needs to win by at least three goals. On the other hand, if betting on Arsenal, they need to lose by no more than three goals for the bet to be successful. Bookmakers look at the team's ability versus the opponent and factors like player fitness, pressure to win and any other conditions that may affect a win when determining the point spread.

A moneyline allows you to pick the winner of the game and uses the odds to calculate the payout. For example, if using American odds, a team may be a - 200 favourite. This means that you have to risk $200 to win $100. However, if the underdog is +200, it means that you will be getting two dollars for each dollar wagered. Most New Zealanders use European odds. Calculating the possible wins from any pick in the moneyline with European odds is as simple as multiplying your stake amount by the odds. For example, if you bet $100 on a team with 2.5 odds, you expect to win $250 if the team wins.

Overs and Unders

In addition to betting on the team to win, you may also bet on the total number of goals that both teams will score. This is called the totals market. You may predict the exact number of goals. However, most people predict the maximum
number that might be scored. These figures are presented as over and under. For example, you may bet that a game will have over 2.5 goals. You win if the total number of goals scored is at least three. On the other hand, if you go for under 2.5 goals, it means that the total goals will be less than three. Therefore, you win if one or two goals are scored.

Other Options at the Sportsbook

There are several other options at the sportsbook that you may consider. Some popular ones include:

  • Double chance: You bet on two likely outcomes. For example, 1x means the home team may win or the game may end in a draw.
  • Draw no bet: It means that if the game ends in a draw, you will get your stake back.
  • Handicaps: This is a betting market where a team is given a boost or handicap to even out the odds. For example, odds of +1.5 mean that 1.5 goals will be added to the final score. If the team emerges victorious over the opponent after adding the boost, you win. On the other hand, -1.5 means that 1.5 points will be taken from the final score of the said team. If it still remains the winner over the opponent, you win the bet.

Understand the available bet options so that you are able to pick one that has the highest odds of winning and a good return. Compare the odds and check the team stats to predict the outcome of the game more accurately. Finally, always bet on amounts that you can comfortably lose.

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