Handicap Betting is the process of making odds in two teams even by removing or adding sets, points, and goals depending on who is the weakest (underdog) or the strongest team on a specific game. It is multi-betting level structure. In this 188bet article, you’ll know more about everything that is involved in this famous form of sports betting the sportsbook.
How does Handicap Betting work?
Bookmakers handle the handicap betting in order to attract more bettors before a specific Football, Rugby, or Snooker game. They present it to make a game an even contest. This happens before a kickoff.
This sports wagering type is also called Asian Handicap that gives an overall control over a football game with both teams, whether one is weak (underdog, away) and one is the favorites (home team). It’s a wager that gives sports gamblers endless possibilities of winning even though the teams they bet on didn’t win at the end of the game.
3 Types of Handicap Betting
1. Level Handicap
This is when there is no difference in the abilities of both teams (Superior and Underdog). The score teams start with 0 goals.
Team Michigan (Underdog): 0
Team Milwaukee (Superior): 0
In order to win on this Level handicapped, you must pick a team that will gain more score than the other one. If the game ends in a tie, all bets are refunded due to one of two team has the advantage. It is the basic of Handicap Betting. It is also called “Draw no bet” betting.
2. Single Handicap
Single Handicap starts with the bookmaker giving the weakest team (underdog) a head start. This means that if the score is 0:0, the weakest team is given a virtual a one-goal advantage.
Team Michigan (Underdog): +1
Team Milwaukee (Superior): 0
Let’s say Michigan is the underdog in the game, bookmakers ought to give the Milwaukee a one-goal advantage. Odds in decimal form will be placed to the handicap on the sport’s odds screen.
Next, it’s your decision on which team should you place your stake bet to possibly win at those odds.
If you bet on Michigan and they win two or more goals, your bet wins. If they win by only one (1) goal, your bet makes a draw (push) and your stake bet is refunded. But if Michigan wins by only one (1) goal, you lose your bet.
It’s the same thing if you place your stake bet at Milwaukee at -0. If they win one goal, you got your stake back. If they win two goals, you win. If they win, you got your stake back. But if team Michigan wins one goal, you lose your bet.
3. Split Handicap
This type of handicapped betting happens when the difference between the two teams is small. This makes way for sports bettors to split their stake into two handicaps.
Team Michigan: +0.5
Team Milwaukee: 0
If you bet on team Milwaukee and they lose, you will lose both bets, as they did didn’t cover any handicap bet.
If the match ends in a draw, half of your stake at Team Milwaukee will be refunded, while the half of your bet at Team Michigan will be lost.
However if team Milwaukee wins, both handicaps will be covered, so both bets win.
Variety in Handicap Betting
Handicap betting might be confusing at first, but with time and experience, you can be winning more money aside from betting solely on your favored team—simply by joining in this full, thrilling sports wagering medium and way.
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