There is no doubt that gambling represents big business in the UK, with sports betting providing a particularly lucrative niche.
Football wagering is particularly prevalent on these shores, with an estimated 76.8% of the UK soccer audience thought to place regular ante post and in-play bets when watching their favourites sides.
In this article, we will go into a little more detail about the types of wager on offer and how you can make the most of your bankroll. If you are looking for a more detailed look at the best football betting sites you can go to https://www.onlinesportsbettingsites.co.uk/football/.
The Most Common Iterations of Football Betting
The most simplistic and popular type of football wager is referred to as ‘1×2’ betting. In this instance, you simply need to back the winner of a particular match (or select the draw), with your returns paid out according to the odds provided by your chosen sportsbook.
While this type of wager may be commonplace, however, it is also relatively inflexible and likely to offer restrictive prices. For example, if you want to wager on the upcoming UCL final between Chelsea and Manchester City, you’ll see that both sides are evenly matched and priced accordingly for the win (at 2/1 and 10/21 respectively).
So, you may want to seek out alternative wagers that unlock greater value in the marketplace, and there are several options to keep in mind in this respect.
One idea is to engage in ‘correct score’ betting, where you will have to predict both the winner of a selected match as well as the result. If we use the example from above, you will see that backing City to beat Chelsea 2-1 will lengthen the Blues’ odds to 8/1, boosting your returns four-fold if the wager comes in.
In an evenly matched game of this type, backing both teams to score is also a highly effective wager. This offers average odds of 11/10 at present, meaning that it offers a relatively healthy balance between risk and reward from the perspective of punters.
Interestingly, one type of bet that would not be appropriate for this match is handicap wagering, with this requiring you to afford one side a goal or more advantage (with this applied to the score at the end of the game).
This wager holds little merit in close games, while its most valuable when looking to create additional value in instances where you are backing a heavy favourite to overcome an unfancied opponent.
In the case of the Europa League final, for example, Manchester United can be backed at 1/1 (evens) to beat Villareal. This offers minimal value considering United’s star power, but applying a handicap of -1 goal to the Reds will mean that they will have to win by two clear goals for the wager to come in.
However, this could increase your odds to a healthy 15/1, enabling you to boost your potential returns without overly compromising on your chances of winning.
Top Tips When Engaging in Football Betting
Now that you have a basic understanding of football wagering and the types of wager in play, the next step is to ensure that you get the most out of each individual bet. Here are some important steps to keep in mind:
- Bet With Your Head, Not Your Heart: There’s a thrill to backing your favourite team to win, but this can translate into emotive betting that may prove detrimental to your bankroll. Instead, it’s better to bet using your head and with an analytical mindset, as this helps you to identify the best selections and seek out value in potentially undervalued odds.
- Use Handicap Betting Sparingly: We have already touched on this but wagering options such as handicap betting should be used sparingly and only in the most suitable circumstances. More specifically, it should be used to create value in wagers where you are backing a favourite to beat an underdog, as this improves the available odds without undermining your chances of the bet coming in.
- Rely on Knowledge and Real-time Data: Obviously, seasoned football fans can utilise their own knowledge of the sport when wagering, which affords them a genuine competitive advantage. However, this should also be augmented with real-time team and match information, especially pertaining to suspensions and potential injuries. This can really help to inform your selection, especially if a team is without their star performers.