What Exactly are Football Bets?

March 26, 2009

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Amber Mike asked:

Betting on football is a hobby that a lot of people enjoy, it’s a bit of fun, and you have the chance to win something which appeals to a lot of people. Obviously it’s important not to risk more than you can afford to lose, but as long as you’re sensible there is nothing wrong with it.

There are three main ways you can place a bet, win bets, lay bets and each way bets. There are other more complex methods, but these three are the main forms and it’s best to stick to these for a while at least.

Win betting is where you bet on someone or something to win. So if you are betting on a football match between teams A and B, and you bet that team A will win, that would be a win bet.

Lay bets are where you bet on someone or something to lose. So using the same example, if you bet on team B losing the match then you would be placing a lay bet.

Each way bets work slightly differently and can’t really be applied to a match between two teams, but can be placed in football betting by looking at league tables and betting on their outcome. When you bet on someone to win or place that means that you are betting on them either coming first and winning, or being one of the runners up – usually positions 2, 3 and sometimes 4. So if you bet on team A to win or place in the league table you would be placing an each way bet.

Accumulator bets are a form of betting popular in football betting. This is where you place a series of small bets of one of the above forms – usually win bets – but you link them together so that all of your predictions have to come true for you to win anything, but when you do win it’s more than it would be if you bet on each separately. So you might bet on team A to win match 1, then team C to win match 2 and then team E to win match 3. To get it right you’d need for teams A, C and E to win. The way it works is that the winnings from each bet are carried forward and used as the stake for the next bet so that the pot of money you are betting each time grows as does the potential winnings, it is this accumulation of money that gives this sort of bet it’s name.

When you first start betting it’s worth remembering that the bookies who take bets all the time are pretty good at knowing the forms of the teams that you are betting on. They don’t often get it wrong which is why you are more likely to win on something with short odds than you are to win on a long shot. Odds are the ratio of stake bet, to potential winnings. Odds of 2:1 are shorter odds than those of 14:1. Looking at the form of the various teams is the way that you can help yourself to have a better chance at winning when you place bets too. Though it’s worth remembering that all betting is basically a game of chance.


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