In this chapter, we will understand the betting types, how bets differ from each other, and for what events they are suitable for. Let's start with bets on the outcome or 1X2. Let’s go!
Betting on the outcome of the game is perhaps the most traditional type of sports betting. By placing such a bet, you predict the victory of one or the other team/athlete or a draw.
How does outcome betting work?
A bet on the outcome of a match where a draw is possible along with a victory for one side or the other (for example, in European football), is called three-way betting (1X2). Another popular sport with three-way betting is ice-hockey.
Let's look at an example.
Real Madrid play with Shakhtar Donetsk. Bookmakers offer certain odds for each team to win and draw. If you bet Real Madrid to win and the «the Royal Club» wins, your bet will also win. In case of a draw or Shakhtar’s winning, the bet is lost. But in most game sports, there are only two outcomes. In a sport like tennis, basketball, or baseball, you can only bet on one of the participants winning a match. For example, in a tennis match David Ferrer vs. Kevin Anderson, you can bet on either Ferrer to win or Anderson to win. There is no third option given. As you can see, bets on the outcome of the game have a fairly simple and easy-to-understand format. This is the perfect place to start if you are just getting to know sports betting.
Bet on Outcome with Betway