Betting Markets Explained

Betting Markets

Match Betting / win-draw-win / 1-x-2 / Money Line
Betting on the outcome of an event with 2 teams or participants.

Outright Betting
Betting on the overall winner of a competition or tournament.

Double Chance
This is effectively the fixed odds bookmakers’ way of offering the customer an opportunity to ‘lay’. It is only available on an event involving 2 teams and where a draw is a possible outcome. The punter selects 2 of the possible 3 outcomes and if either occurs then the bet is a winner.

Betting w/o Favourite
Hypothetical bet in which the market favourite is removed and the odds adjusted accordingly. If the market favourite wins the event then the second place finisher is the winner of the betting w/o favourite market.

Draw No Bet
If the match ends in a draw then stake is refunded. This market is only available on an event between 2 teams where a draw is a possible outcome. For example Arsenal vs Liverpool. You bet £10 on Liverpool at 2/1 in the ‘draw no bet’ market. If the game is a draw then your stake is refunded. If Arsenal win then you lose your £10 and if Liverpool win you will receive £30.

Over/Under
The bookie will fix an estimate on the number of points that will be scored. They will then offer odds on the result being higher or lower than that. Over/Under betting is available on things such as total goals, total points, total corners, 3 dart average, total 180’s to name a few.

Bookings Index
Specifically a football bet. 10pts are awarded for a yellow card and 25pts for a red. The bookmaker will fix a score, say 44pts, and you can bet on whether there will be more or less that 44pts. With a fixed odds bookmaker you can have a straightforward bet on whether the figure is higher or lower than the estimate. In spread betting you can win/lose extra cash for every point over or under the line when the event is resulted.

Total Goals
Bet on how many goals there will be in a game of football. It is usually available in over/under format as well as betting on the exact number of goals.

Total Points
Bet on how many points there will be in a game. It is usually available in over/under format with a half point line.

First Goalscorer
Bet on which player will score the first goal in a game of football. If no player scores then the bet is a loser. If you bet on a player who is not in the starting line-up and they are not on the pitch when the first goal is scored then your stake will be refunded (only by fixed odds bookies, not in a betting exchange). Extra time goals do not count. When the first goal of a match is an own-goal then the scorer of the second goal will be settled as a winner.

First tryscorer, first point scorer etc all work in much the same way.

Anytime Goalscorer
Bet on a player to score at anytime during the match. If you bet on a player who does not play any part in the game then the stake is refunded (only by fixed odds bookies, not in a betting exchange).

Anytime tryscorer or anytime scorer etc all work in the same way.

Last Goalscorer
Bet on which player will score the last goal in a game of football. If no player scores then the bet is a loser. If you bet on a player who is not in the starting line-up and they are not on the pitch when the last goal is scored then your stake will be refunded (only by fixed odds bookies, not in a betting exchange). Extra time goals do not count.

Total Corners
This market is normally what is called band betting whereby you are given more that 2 choices for the range of total corners and you must select the correct one in order to win.

For example: Total Corners in match
Under 10                 5/4
10-12 inclusive         15/8
Over 12                  2/1

Half-Time – Full-Time
In this market you must indicate the result of the game at both half and full time in order to win.

For example: Liverpool vs Arsenal. If I think that it will be level at half-time but that Liverpool will win the match then I would select ‘Draw-Liverpool’.

To Qualify
Bet on which team will progress to the next round of the competition.

Correct Score
As it says on the tin really; You must predict the exact final score of the match.

Scorecast
A sort of multiple bet in which you must correctly predict both the first goalscorer and the correct score of the match to win.

Match Handicap
One team is given a theoretical head start and you select the result from there. Best to explain with an example really. If Ireland were playing against New Zealand in Rugby Union then you might see something like:

Handicap Betting
Ireland (+20)           10/11
Draw (+20)              16/1
New Zealand (-20)    10/11

This means that Ireland start with a theoretical 20 point advantage. If they win the match or lose by less than 20 points then they ‘beat the handicap’. If they lose by more than 20 points then New Zealand ‘beat the handicap’. If New Zealand win by exactly 20 points then the handicap market is drawn.

Points race – first to x points
Betting on which team (or player) will reach a certain number of points first. It is quite common in a tennis match or game of basketball

Golf Threeball Betting
Betting on which of the 3 players playing together will have the best round. If 2 or more players finish on the same score, dead heat rules apply.

Golf Tournament Match Betting
Given a choice of 2 players you can choose which one will finish higher on the leaderboard. If the players are level then dead heat rules apply.

Golf End of Round Leader
Betting on which player will lead the field at the end of the round. Dead heat rules apply when 1 or more players share the lead.

Winning Margin
Betting on the margin of victory to your selected team. Commonly presented as band betting.

Boxing/UFC: Method of Victory
Typically the bettor is give 5 options and must select not only who will win the fight but how they will win it. The 5 options are always:

  • Fighter A by Decision (to win on points)
  • Fighter A by KO, TKO or disqualification
  • Fighter B by Decision (to win on points)
  • Fighter B by KO, TKO or disqualification
  • Draw

Boxing/UFC: Round Betting

The bettor must select the winner of the fight and in what round they will win the fight or whether they will win by decision (points)

Boxing/UFC: Total Rounds (over/under)
Betting on whether there will be more or less rounds in the fight than the bookmakers’ specified ‘line’.

Tennis: Set Betting (correct score)
Betting on the final score in sets. The punter is required to specify which player will win and by what scoreline.

Tennis: Total Games odd/even
Betting on whether the total games played in the match is an even or odd number of games. A tie breaker is counted as one game.

Tennis: Total Sets
Betting on the total number of sets that will be played in the match.

Cricket: Top Team Batsman
Betting on which batsman will score the most runs for his team in an innings. Dead heat rules apply if 1 or more end up with the same amount of runs.

Darts: Total 180’s over/under
Betting on whether the total number of 180’s (from both players) in a match will be over or under the bookmakers’ line (prediction).

Darts: 3 Dart Average over/under
Betting on whether the three dart average for a specified player will be over or under the bookmakers’ line (prediction)

Darts: Colour of Winning Double
Betting on the colour of the winning double thrown in a leg. The 2 choices are green and red. A bullseye finish counts as red.

Darts: Most 180’s
Betting on which of the 2 players will throw the most 180’s in a match. The draw (i.e. both players to throw the same number of 180’s) is also an option.

Darts: To Win Xth Leg (or set)
Betting on which player will win the xth leg (or set) of the match. Take care to note which player is throwing first in the leg (or set) as this represents a significant advantage.

Snooker: To Score Most Points
Betting on which player will score the most points in the match. Points accumulated by the player in every frame are added up and whichever player has the most is the winner.

Snooker: Most 50+ Breaks
Betting on which player will have the most breaks or 50 or more points in a match.

Snooker: Most Century Breaks
Betting on which player will have the most breaks or 100 or more points in a match.

Straight Forecast
Betting on 2 horses in a race to finish first and second in the order specified.

Reverse Forecast
Betting on 2 horses in a race to finish first and second in any order. It is effectively 2 separate straight forecasts.

Tricast
Betting on 3 horses in a race to finish first, second and third in the specified order.

Combination Tricast
Betting on 3 horses in a race to finish first, second and third in any order.

We hope that helped explain the different betting markets to you. If you have any questions or comments please let us know!

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