Football betting is a great way to earn extra cash, however, you need to know exactly what you’re doing in order to be successful. Football betting can be broken down into various factors as these days you can bet on several aspects of the game. That might include; the full time result, half time result or even, which player scores first. As a starting point, let’s take a look at the basics.
The Basic Concepts of Football Betting
Possibly the best football league to focus on in terms of betting is the Premier League as it tends to be easier to gauge certain predictions. However, that is not to say that you can’t be successful in betting on other football leagues.
The general factors that you can bet on are the result of a match – that may be a home or away win for a certain team, the score of the match – the score at full or even, half time and certain other aspects, such as any penalties, red cards etc.
The easiest bet is to predict the result of a football match. The odds will depend on the bookmaker in question and there are a number of ways in which you can place your bet. Bookmakers like William Hill offers the best odds when you want to try betting online on football, horse-racing, golf, tennis and much more!
Fixed Odds on the Result
With fixed odds, you are taking certain odds of a home or away result for a particular team. So, for example, the odds of Manchester United winning at home against Aston Villa may be 2/1 with a particular bookmaker. However, in the exchange market, you may be able to get better odds. The odds will vary, so it is up to you what price you take for your bet.
However, it is possible to get an edge over the bookmakers by using a unique technique known as value betting. Value bets occur when bookmakers make a mistake and overprice their odds. If you are interested in learning more or trying it out, check out this useful guide by The Arb Academy, who have compiled a list of the best value betting software out there.
Spread Betting on Football
Alternatively, you can take part in spread betting. This involves the bookmaker deciding on certain aspects of the game. For example, in a football game, the bookmaker may give certain odds on a goal being scored between a certain time. So, they may decide that the first goal will be scored between 20-30 minutes into the first half of the football match. You may decide to bet that the first goal will occur before 20 minutes. If you are correct and that does happen then you will win your bet, however, the amount that you win will depend on how right you are. Thus, if a goal is scored in the 16th minute of the first half then you would win 4x your stake as 20-16 = 4. Therefore, if you bet £10, you would win £40.
With spread betting, you can also incur big losses. For example, if you had bet that the first goal would be scored at 30 minutes into the first half of the game then you would lose as 30-16 = 14. Therefore, if you had bet £10, you would make a loss of £140.
As spread betting can create large losses, it’s probably best for beginners to bet on fixed odds in which a smaller loss can occur.
Either way, football betting can be highly profitable depending on the market odds you take and the amount you stake.