When you’re new to the sports betting world the range of different markets and bet types can be overwhelming. The 1X2 market is exactly that. What even is it? It’s a valid question because it basically looks like a meaningless piece of code. It’s not, it’s actually very simple and here we explain exactly what it is.
What is 1X2 betting?
1X2 betting is simply betting on the outcome of a fixture and is often referred to as match result betting. This means you simply have to predict whether the game finishes as a home win, away win or draw.
We can hear you ask what the 1X2 mean. Well, generally speaking your betting odds will be laid out in three columns – ‘home’, ‘draw’ and ‘away’. The 1X2 correlates directly to this:
Because there are nine outcomes in Half Time/Full Time betting, instead of the three outcomes in 1X2 or match odds betting (Home win, Away win, or draw), the odds are much higher. This means that while there’s greater risk, there’s also greater reward. 1/1 – Home HT/Home FT. The home team must lead the game at both half time and full time. 7M Odds Center will offer the information of all football events, including livescores, fixtures, 1x2 Odds, handicap, over/under, initial Odds, Real-time Parameters and so on. The Full Time Result betting market is also known as 1x2 and this remains the most popular option when it comes to a football match. It’s a very simple case of choosing between the home team (1), the away team (2) or the draw (x) when it comes to placing a bet. The 1X2 bet is the most common form of wagering option that there is in football betting. It can be referred to as Match Outrights or 90 Minutes markets as well. It is simply one prediction made on the outcome of a fixture which has three potential outcomes in it. 1X2, otherwise known as Result bets, can end in one of three possible ways. Either the Home team wins, the Away team wins, or the match ends in a Draw. Double Chance allows you to pick any two of these as the winning condition for the bet. Obviously, this comes at a price of dramatically reducing the odds. How the odds are affected depends on.
1 = home win
X = draw
2 = away win
How do the odds work?
Before we look at calculating your potential returns you need to understand what wins you your bet. Thankfully, it is easy to explain.
If you back the home team (1) and the hosts win then so do you. A draw (X) or an away win (2) means you lose. Equally, if you back the away team (2) then they have to win for you to win and, again, if you bet on a draw (X) then the match must end with teams sharing the spoils for you to win your bet.
So, let’s look at the odds. Each match outcome has a price against it with your returns calculated as below:
Odds x Stake = Potential Return
An example 1X2 bet
For our example, we’ll look at the Premier League leaders Liverpool and their trip to Southampton on Monday.
With STS Bet, the current odds are as below:
Southampton (home i.e. 1) are priced at 4.75.
The draw (draw i.e. X) is priced at 4.20.
Liverpool (away i.e. 2) are priced at 1.67.
If you were to bet a £10 stake on Liverpool to win then your returns are calculated as below:
1x2 Odds Explained Meaning
£10 x 1.67 = £16.70
If Southampton defy the odds to either win or draw then you would lose your entire £10 stake.
Why is the 1X2 market so popular?
The 1X2 betting is the most popular market in football betting. Why? Well, for starters, it’s one of the more old fashioned approaches to placing a bet in terms of ‘I bet team A will win the game’ but beyond that it’s a market that appeals hugely to more experienced bettors and professional punters alike. The reason for this is because analysis can quickly be completed to understand whether or not there is ‘value’ in the odds being offered. Where we reference analysis, it’s perhaps wise to think of this as research.
An example
Let’s take the Southampton versus Liverpool example again. A simple look at home and away tables will tell you that, as of the time of writing, the performance of both sides reads as below:
So far this season, Southampton have played eight league games at St Mary’s. They’ve won four, drawn one and lost three.
Liverpool meanwhile have played eight on the road losing just once with five draws and two wins to their name.
The other quick reference you can look at is how the teams have fared against one another. In the head to head record, you have to go back to 2016 for the last time Southampton avoided defeat against Liverpool in the Premier League on home turf.
You can dig deeper than this if you wish by looking at more recent form e.g. Liverpool will likely be extra keen to win in order to bounce back after being held by Newcastle and team selections as kick off nears e.g. Southampton are much less likely to trouble Liverpool if Danny Ings isn’t in the team.
Can 1X2 wagers only be placed as single bets?
No. That’s another beauty of the 1X2 bet. You can combine multiple 1X2 bets to form doubles, trebles and accumulators to supercharge your potential returns.
There you have it, our guide to the 1X2 bet.
Good luck and bet safe.
Money Line betting is the most common type of sports bet. The simple format ensures it’s a popular choice for beginner bettors. However, more advanced bettors will still turn to this market to find value. What is a Money Line bet? How does Money Line betting work? Read on to find out.
What is a Money Line bet?
Money Line betting is one of the simplest and most common ways to bet. There will usually be two options presented in a market and all you have to do to place a Money Line bet is choose who you think will win and place a bet on them. The easiest way to describe what a Money Line bet is, is to think of it as a “match winner” bet.
1x2 Odds Explained
If you place a Money Line bet and the team or person you have bet on wins, your bet will win. If the team or person you have bet on loses, your bet will lose. In order to calculate the potential return from your Money Line bet, simply multiply your stake (the amount you bet) by the decimal odds of the option you are betting on.
How does Money Line betting work?
Money Line betting is most prevalent in sports like baseball, tennis and UFC. While it is still a popular choice for betting on the NBA and NFL, the high scoring nature of sports like basketball and American football mean other bet types are more widely used (such as Totals or Handicap).
1x2 Odds Meaning
Although Money Line betting is most common in sporting events that feature two teams or competitors where the result cannot be a draw or tie, people may also refer to a Money Line market in soccer or other sports that can end in a draw.
This could either be a three-way Money Line market (which includes the draw). However, this is more commonly referred to as the 1X2 market (1 representing the home side, X the draw and 2 the away side). Alternatively, there is a more standard two-way Money Line market in soccer which will adjust the odds to remove the option of the draw and simply “push” (return your stake amount) if there is no winner.
It is important not to tie yourself to a specific market and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market, it can still be useful to analyse the complete picture of an event provided by the betting market
Unlike other markets like the Over/Under (Totals) or Handicap, Money Line bets are settled solely on the result of the match – it is not impacted by the winning margin or points scored. The odds offered will reflect who is most likely to win (the favourite) and who is likely to lose (the underdog).
Although the Money Line is different to the Handicap market, there is a clear correlation between the two. The higher the Handicap mark is on the favourite, the more likely they are to win. This means the higher the Handicap is, the shorter the Money Line odds will be on the favourite (meaning the odds on the underdog will be bigger).
Handicap betting is often a popular alternative to the Money Line when there is a large disparity between the quality of two teams or competitors taking part in a match. If you are confident enough in a team winning that you think it will be greater than a specific margin, this is a case where a Handicap bet might more sense as it will provide you with an opportunity to make more money from your bet (picking a team to win by more than a certain amount of points is harder than just predicting them to win by any margin).
What is the difference between the Money Line and 1X2 betting markets?
As previously mentioned, the difference between the Money Line and 1X2 betting markets might appear to be a relatively minor difference, but it will have a big impact on the odds you bet with and the result of your bet.
The key difference between the two market types is the availability of the draw option. The Money Line traditionally only offers two options, Team/Player A to win and Team/Player B to win. However, the 1X2 market (most common in soccer) has both of these options, plus the draw.
Some people believe the difference is simply down to a preference of terminology, and that is why it’s important to know what you’re betting on if you’re talking about the Money Line if a draw is a potential outcome. You need to determine if it’s another way to refer to the 1X2 market (a three-way Money Line) or the traditional Money Line that doesn’t include the draw. If you’re betting on the 1X2 and think it’s a normal Money Line bet, you will be in for a surprise when your stake isn’t refunded if the result is a draw.
1x2 Odds Explained Calculator
Money Line bet example
While the concept of a Money Line bet is simple to understand, it can still be useful to go through an example to help those new to betting. Below is an example of a Money Line market for an NFL game at Pinnacle.
These odds suggest the Kansas City Chiefs have a 79.56% chance of winning the game, whereas the Houston Texans have a 20.44% chance.If you believe the Houston Texans will win, or have a greater than 20.44% chance of winning, you may want to place a Money Line bet on them.You then simply add the selection to your bet slip and place the bet.
If the Houston Texans beat the Kansas City Chiefs, this would result in a win for your bet and a return of €47.40 (€37.40 profit and your €10 stake).If the Chiefs were to beat the Texans, the result of the bet would be a loss and it would return €0.
Money Line betting strategy: When to bet the Money Line
Once you understand how Money Line betting works, there are various methods or strategies you can use to decide what to bet on.Those who bet for fun may just choose their favourite team or the team that, based on their opinion, they think has the best chance of winning.However, those who are serious about betting will be more concerned with the concept of value and will want to bet on the team that has been underestimated by the odds provided by the bookmaker.
If your aim is to use a Money Line betting strategy to make a long-term profit, an understanding of probability is key. This is where converting odds into percentage chance can help give you a better idea of how the bookmaker (and rest of the betting market) think a game will play out.
Whether you use a complex model, a simplified power rankings system or just odds comparison from an efficient bookmaker to one that hasn’t managed their odds correctly, the concept of value always remains the same. You are looking for an option within the market that has a greater likelihood of happening than that shown by the available odds.
It is important not to tie yourself to a specific market as a bettor and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market or have access to data that will make it easier to find an edge, it can still be useful to analyse the complete picture of an event provided by the betting market to help inform the decision making process before placing a bet.