By the end of this guide, you will be able to distinguish between all the different types of bets in football betting and come up with your own tailor-made winning strategy. We’ll discuss each type of bet in detail and explain its inner workings. Next, we’ll give you the necessary tools to devise a smart betting strategy.
Different Types of Bets
To come up with a brilliant winning betting strategy, you’ll have to understand all the different types of bets you’ll be able to make. That’s right, before you can punt like a pro, you’ll need to get to grips with all your betting options and select one that best suits your needs and goals.
1. Accumulator Bets
The accumulator bet is considered to be the most lucrative type of bet in football. It works on the principle that the bettor wagers a certain amount on a range of results. A simple example would be to select the team you think will win in a series of matches.
The sportsbook offers you odds on each match, and if you are correct, you win. The tricky part comes in when you only get a couple of the bets correct. Any incorrect stake equals a loss.
In this type of bet, the odds are combined, making it more lucrative if you get it right. If your selection of winners would consist of an obvious choice, the odds would be a bit lower than if you chose a bunch of underdogs.
2. Outright Win Bets
An outright win bet is just like it says—a bet on the winning team (or whether or not it would be a draw). These bets are based on a fractional point system dividing the supposed winner and the least likely to win. In this instance, the team predicted to win will offer 2/1 odds and the other team 4/1 odds.
In other words, if you correctly bet on the team most likely to win, your returns would be x2. This type of bet is pretty straightforward and allows punters to wager on which team they think will win. In some cases, there may be other variables players can bet on.
3. In-play Bets
This type of bet is made during a match and allows punters to bet as the game progresses. A lot of seasoned punters prefer placing in-play bets because bookies have less control over it. It does, however, take skill and experience, and you will need to have your wits about you.
The game and odds can change at any given moment, and you will need to be one step ahead of the sportsbook. You’ll need to be able to notice a change in the match and make your bet before the bookie makes any changes to the odds.
4. Exotic Bets
Exotic bets are for punters who love variety and thrill. These are not necessarily more profitable but offer you the opportunity to bet on a wider range of outcomes. For instance, you will be able to make a bet based on which team scores a goal first or the number of fouls committed and so on.
These bets’ odds are based on the team playing as well as the players on the team. This makes for exhilarating betting that depends on the match, event or market.
5. Parlay Bets
Next to accumulator bets, parlay bets are a preferred bet amongst punting pros. It works on the same principle except you don’t place a single bet. Instead, you place a bet, and if you win, you place another using your winnings from the first bet.
The system forces punters to use their stake and profit on other bets up until they either lose or decide to call it a day. Parlay bets are popular because they still allow you to make a profit with a small stake.
Compiling Your Strategy
Now that you are aware of the different types of bets out there, you are probably anxious to start developing a strategy. In the next section of our guide, we will provide you with handy tips on what to take into consideration when coming up with a winning betting strategy.
You may think that these are obvious factors, but in the heat of the moment, one can easily lose sight of something that would otherwise seem clear. Start by making notes of all the types of bets and aspects you should consider before wagering. Soon, you will get the hang of it and be able to build that bankroll! Let’s get started.
1. Psych 101
Firstly, you need to understand how betting markets are designed. This will ensure you don’t get discouraged easily or make errors due to not being confident about your bets. It is essential to come to terms with the fact that these betting markets are structured in such a way to make punters unsure about their bets.
If you can stay positive and stick with your strategy throughout the match, you’ll have nothing to worry about.
2. Changing aspects
If you are serious about your winning strategy, you’ll have to know the world of football. Keeping a close eye on team dynamics will give you insights as to how they are likely to perform during a match, for example. If there is a lot of politics within the team, they may be more likely to lose.
Any changes within a team or a player’s emotional state could be an indication of what to expect during a match.
3. Budget Control
Control over your bankroll is key to a successful football betting strategy. There are handy tools out there that can give you an indication of what amount to bet, but you should never solely rely on it. It is always best to stay within your budget and not to bet more than you can.
A good strategy to implement is to always stake no more than 3-5% of your entire bankroll in a single bet. This allows you to have more control over your winnings, bets and your funds in general.
4. Staying Informed
Once you start betting on football games, you should also start reading the latest football news. This will allow you to make informed bets. Whether it’s the latest transfer or a possible suspension, all these little pieces of information will shed some light on an upcoming match’s outcome.
If there is a club you want to bet on, you should know everything there is to know about them! Being informed plays a big role in a winning betting strategy.
If you follow these tips and know all the different types of bets, you should be able to come up with a winning strategy in no time. Remember that there is no such thing as risk-free betting, but if you have a strategy, it can increase your odds of winning!
You are probably stoked to start betting on any of your favourite footy teams now that you can compile a great strategy. Don’t let us keep you! Happy betting!