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Betting on Betfair – The Different Types of Bets
Most of us know straight forward whether to win or lose a bet that if your choice wins you too if you don’t lose. Most people also understand the concept of place betting when you gamble on an event where there may be finishers, runners-up and third-place finishers. However, on Betfair there are also other different bets that you can place.
Golfers will be familiar with handicaps. This is designed to make all players feel smaller; well that’s the theory. The use of handicaps helps to increase the potential for one-sided betting. For example, recently the England football team had to play against Kazakhstan and Andorra to qualify for the World Cup. No one expected England to be beaten and this was confirmed by them winning 4-0 and 6-0. On Betfair you could place a handicap bet on England winning.
Two popular handicap bets are known as Asian handicaps since they were once popular in the Far East. Today, many athletes around the world use them.
There are now two types of Asian Handicap. The first gives the side a 1.5 handicap meaning that they must win by 2 or more goals to be successful. It also means that it is not possible for the results to be cartoonish.
In the second type of Asian handicap this side has total scores +1.0 + 2.0 and so on. When this happens, if the side has a +2 handicap, they must win by three clear goals. If a handicap is added, the result may be that the draw bet is void.
Another type of betting is known as Line Betting. This is where you bet on certain events happening or not happening. For example in a football game if you think a team will get more than 10 corners in a game the line would be fourteen corners in the game. If they get 13 corners then you win, if they get 15 corners then you lose. It’s an easy bet even for money.
The most difficult and risky betting is Range Betting. Whether it’s goals, runs or pointing sin matches you can “Buy” or “Sell” price. Cricket is a good example, you can assume that one side will score more than 200 runs and you buy runs at £2 a run. For every race over 200 you will win £2 but if they fail to reach that number you will lose £2 for every run they do not score below 200. here are the limits in place so that when you place your money you know the maximum and minimum profit or loss you will have.
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