Lucky11 | FIFA World Cup Betting-Complete Guide
Throughout this FIFA World Cup betting guide, we will look at how football betting markets work on the Lucky11 sports betting site as well as the factors that should be considered when betting on football matches and tournaments.
We hope that after reading this guide, you will believe that you can still make money betting on football games by combining your knowledge of the game with solid data-driven soccer betting strategies.
The most common way to bet on football is to bet on which team will win the game. But as the gambling industry has grown and changed, this type of betting has grown to include more markets, all of which can be covered by just one game. As with almost all types of sports betting, the odds you bet on will determine how much you win if your bet is correct.
How do bets on football work?
Setting odds and figuring out how much to pay customers if a certain sporting event happens is what bookmaking is all about. Today, figuring out the odds for a football game is a complicated process that uses both scientific data and human knowledge and instinct. In theory, a good bookmaker will try to give the customer odds that are just a little bit in favor of the house.
How do odds work when you bet?
In theory, the odds in a football game show how likely it is that a certain outcome will happen. So, if you want to place a bet, you'll have to figure out if the odds really show what's likely to happen. Bookmakers set the odds for their own sites, and there is usually a lot of overlap between the odds set by the most well-known bookmakers. You should only bet on odds that you have a good reason to believe are good value.
TYPES OF FOOTBALL BETTING
You can bet on football at a number of different sites, each of which has its own specialty. Traditional bookmakers offer sports betting with fixed odds, while sites like exchange sites offer a different way to bet.
Fixed-Odds betting is almost always used when you bet with a bookmaker. The idea behind fixed odds is that when you place a bet, the odds you're given stay the same, no matter what happens in the market later (unlike parimutuel betting).
If you bet 4/1 on a football team to win and before the game started the odds were as low as 3/1, your 4/1 bet will still stand.
Lay the Bet
Lay betting is a type of bet that can be made on a website called a "betting exchange." When you lay a bet on the result of a football game, you bet against that result happening. The amount you bet will be how much money you can expect to get back if your bet wins. How much money you have to pay depends on how likely it is that you will win.
For example, if you bet £10 that Manchester United will lose at odds of 1.5, you will be responsible for paying out £5. In other words, you'll lose $5 and win $10.
As the name suggests, in-play betting is a type of bet where you place a bet while the game is going on. This can give bettors an edge because they can watch how the game goes before putting their money on it.
There are now a lot of betting systems that are made specifically for "in-play" betting. Part of the reason for this is that while a game is going on, the markets change a lot, which can be used to your advantage if you are smart and know how the markets work. It's also important to note that this is important for people who use exchange sites.
An accumulator bet also called a "parlay," is a type of bet where you can choose more than one outcome. People who gamble for fun often use accumulator bets in the hopes of getting lucky a few times and getting a huge return on their money.
For instance, you could bet on 5 different football teams to win, and if they all did, your bet would be a winner.
Handicap betting is a type of bet where you bet on the outcome of the match, but your bet will be based on a margin that has already been set. When there is a clear favorite, it makes a lot of sense to use handicap or spread bets to get better odds and, in turn, better returns on your bet.
For instance, one team might be a big underdog, but you think they'll do better than expected. In this case, you can bet that the team will win with a +1.5 handicap. This means that your team can win, tie, or lose by one goal and your bet will still be a winner. The opposite will happen to teams that are thought to have a good chance of winning.