At BetNinjas, we are dedicated to demystifying football betting and helping new and advanced bettors alike as they find their way with football betting tips. Betting on football online is pretty straightforward — you can sign up on football betting sites, fund your betting account, choose an outcome or accumulate outcomes, stake, and place the bet.
Beyond the simplicity, newbies may have a hard time understanding odds in football, types of football bets and how they work, and how to choose reliable football betting sites. The guide below will help you understand the world of online football betting:
Football Betting Odds: What They Are and How Sportsbooks Calculate Them
In football betting, ‘odds’ is the most commonly used. Odds represent the ratio between the stake and the possible payout on a particular outcome, and the bookmakers usually set them.
In simpler terms, the odds of an outcome represent a value one would multiply the stake by to realize the payout if the bet wins. For instance, if the odds for Arsenal to defeat Chelsea are placed at 2.25, for every INR100 staked, you would receive winnings of 100 × 2.25 = INR225.
Why Do Odds Matter?
Apart from being the easiest way for you to calculate your potential winnings, odds represent the probability of an outcome occurring or not occurring. Sportsbooks calculate odds through intensive data analysis, cash projections, and margins.
Using powerful software and tools, they analyze available data, checking for the likelihood of every outcome. After analyzing the data, the bookies try to calculate how much money they are projecting to make on a particular market. Trust bookies to be all about the money.
Then comes the margin, which is how the bookies ensure that the house always wins. After calculating the true odds, sportsbooks use a margin to make the odds less fair before publishing the odds. Odds also change as the matches progress or as certain events occur, such as goals, red cards, injuries, etc.
Check out our full guide to betting odds to learn more.
Common Football Bets
Here we will share with you briefly some common football bets that you should know:
- Accumulator: Football betting allows users to combine multiple bets into a single wager, creating an accumulator bet, only successful when all the individual selections win. You can combine bets on the match result, double chance, over/under 2.5, for different matches, into one accumulator bet, effectively increasing your chances of getting a bigger payout.
- Player Props: You can bet on more player specifics with bookmakers that offer players’ props. Available bets include players having a specific number of shots, tackles, offsides, corner kicks for Team 1 or 2, freekicks, throw-ins, etc.
- Live/In-play Betting: Traditional betting markets close when the matches begin, but live or in-play betting allows bettors to place bets on possible outcomes as the game progresses. You can place bets on the next goalscorer, the next team to score, etc.
- Bet Builder: Some sportsbooks offer bettors the opportunity to stack several bets within a particular game. For instance, for a typical London derby (Arsenal vs. Chelsea), you can place a bet on more than one outcome, creating an accumulator bet, but all from a single match. The Bet Builder market is also known as the ‘same game multi.’
Choosing a Suitable Football Betting Site
As the popularity of football betting continues to increase, football betting sites and apps are springing up rapidly. Unscrupulous players will pop up in every saturated market, ranging from phishing sites to fake football betting apps. What are the hallmarks of genuine football betting sites?
- Check if the platform has legitimate licensing before placing your first bet or funding your account on any football betting app. Double-check the licensing details on a license provider’s website to confirm its integrity.
- Do not fund your account or place a bet on a website that is not secure, as you may be putting your payment details at risk of exposure to attackers. Only use football betting sites that are fully encrypted with secure domains. Look out for the closed lock sign at the top left corner of your browser.
- Read reviews from real players. Reviews tell a great deal about the football betting site’s service quality. It would be best to avoid football betting websites with numerous negative reviews.
- Fair odds are a myth, but some sportsbooks offer better odds than others. Look out for good odds, although it is essential to note that odds do not differ widely.
- Bonuses and promotions can help fund your football betting passion, but you must look out for too-good-to-be-true offers because they most likely are.
- Timely payouts and reliable withdrawal methods are a must. Some unscrupulous football betting apps may delay payouts to force bettors to place more bets and lose their funds, which is highly unethical.
- They say variety is the spice of life, even in football betting. Reliable football betting sites offer a wide range of markets for bettors to place bets that pique their fancy.