With the advent of online Sportsbooks and Matched Betting platforms, betting on football has never been more popular in the UK. The amount actually wagered on football in the UK has grown exponentially in recent years, reaching almost £1.3 billion in 2019, according to Statista.
With this huge rise in football betting, online Sportsbooks have had to get competitive in order to attract players.
To do this, many have greatly expanded their range of betting options, allowing for fans to wager on a huge array of football outcomes. With this expansion has come a proliferation of new betting terms, many of which can be daunting and difficult to understand for the inexperienced.
With that in mind, let's take a look at some of the most important football betting terms you should be aware of in 2020.
This is a commonly used term to describe straight-up wagering on the outcome of a scheduled football fixture. Other terms that mean the exact same thing are "1x2" and "match betting". Here you are simply betting on three possible outcomes; a home team win, draw, or an away team win.
2. Asian Handicap
Many major bookmakers offer an Asian handicap as a way of levelling out the odds when one team in a football match is a clear favourite. Essentially, the bookmaker adds an artificial advantage to the less favoured team, making it more tempting for someone to actually bet on them winning.
3. Over/Under Corners
One of the biggest football betting platforms in the world, William Hill, offers corner betting on all fixtures alongside a range of similar wagers. Put simply, it is a bet that allows you to predict how many corners there will be in a single fixture, with winnings awarded based on whether the actual number is over or under what you have staked.
4. Draw No Bet
This describes a 'safer' wager in which your bet is voided, and your stake is returned to you in full if the fixture you bet on results in a draw. If either team wins or loses the bet still stands, but you won't lose or win anything if the match is a tie.
5. Correct Score
This one is rather self-explanatory. A correct score bet is one in which you are predicting the exact final score of a fixture. This can be difficult, as the bet only pays out if you correctly guess the result exactly. However, this is why correct score bets tend to have much higher payouts than all other forms of football betting.
6. In-play Betting
Increasingly popular in recent years thanks to the advent of live online betting, in-play betting allows you to wager on the outcomes of a match while the match is ongoing, or 'in-play'. While payouts tend to be lower for these, it is a way of adopting your betting strategy in real-time based on how a match is unfolding.
This is a well-known betting strategy in which the punter increases their stake every time they lose a bet. The logic here is that you will eventually win something and that the increased stake will allow you to recoup your previous losses.
These are the most important football betting terms you need to be aware of before placing your first bet.
Which of these Football Betting Terms is most useful to know for Matched Betting?
In-play betting is by far one of the most useful terms to understand for the purposes of Matched Betting, for two key reasons:
- There are quite a few regular reload offers that involve us placing in-play bets to make our profits. One of the most notorious examples is Bet365’s Bet £50 Get £50 Free in-play offer – which is usually worth at least £33 in quick profit for those of us who know how to do Matched Betting in-play.
- Doing in-play mug bets in Matched Betting is thought to be an excellent way in which to avoid getting gubbed.
Are there any other Football Betting Terms to know for Matched Betting
Although we frequently do Matched Betting on any markets in football, there are two markets that always seem to confuse beginners as they sound like they are the same market when they are actually NOT the same at all.
These markets are the half-time/full-time market and the win both halves market.
Beginners in Matched Betting need to be careful that when betting on one of these markets at a bookmaker that they then lay off the correct market at the betting exchange.
We recommend reading our guide on “confusing betting markets” before trying to place your bets on either of these markets.
Need a helping hand with Matched Betting?
Our Facebook Group, which has over 7000 members, is a great place to ask for help and ask questions, especially if you are new to Matched Betting. Our community forum is also a great place to ask for help and advice.
Alternatively you can also contact us directly for support too.
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