Betting on the Outcome
A bet on the outcome is a bet that is made directly on how the game will turn out. This is perhaps the most popular type of betting in sportsbooks which does not require any special knowledge from the player: here we will simply bet either on which of the participants will win, or on whether there will be a draw in a match.
In bets on soccer, hockey or basketball games sportsbooks will usually offer three outcomes and usually list this in the line as 1X2 (these symbols will mean possible outcomes):
- 1 or P1 –First (away) team will win
- X – draw
- 2 or P2 – Second (away) team win
In some sports, a draw is not necessary (for example, in tennis), and in these lines the sportsbooks will offer a bet on only two outcomes: in this case it will either be the home team or the visitors for the win.
Also, a line with two outcomes is offered by sportsbooks in the event that the competition must have a winner (overtime, extra innings, etc), for example, in accordance with the rules of the tournament.
Most often, bets on the entire match, taking into account extra time/overtime, are also available in the lines of most sportsbooks. This market can be called "Passage" (we bet that the team will pass to the next stage of the competition) in different tournaments or "Game Victory", and this bet differs by the fact that there are only 2 outcomes, there can be no draw.
Double Chance in betting: What is it?
When betting on the outcome of a game, despite its simplicity, there are some things you should know. Such a phenomenon as a double outcome (also often called "double chance") implies two possible results of the match. Examples of double-outcome bets:
- 1X – First (away) team will not lose
- 12 – There will be no draw
- X2 – Second (home) team will not lose
And if the first and third options are clear (the bet will be successful if the team wins or a draw), the outcome of the 12 bets for the newcomers raises the question: what is it? It's quite simple, there are also two outcomes which will result in a win. In short, a double chance of 12 is a bet that there will be no draw, that is, either the first or the second team will win the game.
The interim outcome includes only a certain time period of the game/event. The sportsbook at its discretion indicates in the line specific minutes of this time segment and challenges the player to predict the outcome of this time period of the game.
For example, it could be an outcome "from the 1st to the 5th minute," "from the 45th to the 60th minute" or at any other specific time interval. In the sportsbook lines, these will often be called period bets.
Also, available in the some sportsbooks are bets on the outcome of complete halves in football or periods in hockey. There are the same rules as in the main outcomes, only the bet is made not on the result of the whole match or a segment of a few minutes, but on the result of a certain time/period.
How to Bet on the Outcome of a Game
In theory, everything is simple: you need to predict the result of the game (or an increment of time) and bet on it.
As a rule, there is always a favorite in the competition, whose chances of winning are considered higher. Accordingly, the odds for such a team/athlete are lower than for the opponent.
Some players try to play only on favorites with odds of -200 and below, thinking that the chances of these teams winning will be 100%. Unfortunately, this tactic usually leads to a loss: firstly, because the favorites can lose, and secondly, because the size of the odds is subject to the betting margin, which may well lead to losses in the long term.
Another common misconception is betting only against the favorite (on the underdog winning). Many people think that if the odds on the favorite are understated, the odds on the outsider and the draw result are significantly overstated. This is not the case because there is also a margin present in the odds for the underdog and the draw.