1x2 betting is one of the most popular ways to wager in the gambling world, suitable for total newcomers and more experienced bettors alike. But what is the 1x2 bet meaning and how does it work?
Read on to find out everything you need to know about 1x2 betting below.
How Does 1x2 Betting Work?
The 1x2 betting approach is particularly popular for bettors wagering on football matches, though it can be used for almost any sport that pits two teams against each other.
Why? It’s simple: there are three outcomes for a two-sided event — a home-team win (1), an away-team win (2), and a draw (x).
You can bet your money on any of these outcomes based on your allegiance to a specific team, their past encounters, and other relevant factors. Generally, the simplicity of 1x2 betting makes it a great way to start wagering on sports events.
How 1x2 Odds Works?
One of the most difficult aspects of understanding what 1x2 means in betting is figuring the odds out.
Ultimately, 1x2 betting odds represent the outcome a bookmaker believes is likely. For example, if you see that the odds of a team winning are 4/1, the bookmaker would pay out £4 for each £1 wagered.
Odds may be represented as fractionals (5/1), decimals (5.0), or percentages (50%).
1x2 Bet Types
You can use several bet types with 1x2 betting:
1x2 First Half
The 1x2 First Half type involves wagering on the result of a sports event, but only its first half. All 1x2 First Half bets become void if a game is called off before the first half finishes.
1x2 Second Half
A 1x2 Second Half bet works just like the 1x2 First Half wager, but (spoiler alert!) it applies to the second half of the event instead.
Betting on a match’s second half might be a little bit easier than focusing on its first half, as you can predict the result based on both teams’ performance during the current game. All 1x2 Second Half bets become void if the game is abandoned before it finishes.
1x2 Handicap
The 1x2 Handicap bet is used when one side has performed better than the other and looks much more likely to win. However, bookmakers balance things out by applying a disadvantage (handicap) to the favourite, such as: Manchester United -3, Tottenham Hotspur +1.
So, if you like the chances of the favourite coming out on top, you will only win on your wager if that side overcomes its handicap. For example, if you bet on Manchester United to win with a -3 handicap, they would need to score at least four goals for you to win.
1x2 Away
The 1x2 Away bet type applies when you wager on the visiting side to win. This is a popular option when an away win is more likely than a home win or draw.
Mobile Betting
Popular Sports for 1x2 Betting
Bettors use 1x2 betting on various sports, but three of the most common are football, ice hockey, and cricket. Let’s take a closer look.
Football
In the field of football wagering, 1x2 betting is incredibly popular. A team can win, lose, or draw, which is simple enough. But you can also wager on a specific result in the first half or second half, too.
Ice Hockey
Ice hockey is generally more popular in the United States and Canada than in the UK, but you can still wager on matches without needing much knowledge of the sport or a team’s history thanks to 1x2 betting.
Other Sports
The 1x2 betting approach is popular in other sports such as cricket, basketball, baseball, and tennis. Betting 1x2 is suitable for virtually any event that matches two sides against each other, with the possibility of a draw, is suitable for 1x2 betting.
Calculating Payout for 1x2 Bet
Not sure how to calculate the potential payout for a 1x2 bet? Let’s look at an example to make it easy.
We’ll set up a football match between Luton and Arsenal. Luton’s odds of a home win (1) are 16/1, Arsenal’s odds of an away win (2) are 2/11, and the odds of a draw (x) are 6/1.
That means you would get £17 back if you wagered £1 on Luton winning (£16 profit plus your £1 stake), £1.18 on Arsenal winning, and £7 on a draw.
It’s vital that you check odds carefully before you bet on any outcome, so you know what you stand to win or lose before you make your wager.
Football Betting
Why is the 1x2 Betting Market So Popular?
The 1x2 betting market is popular because it’s so simple: you can bet on a home win, away win, or draw. Sure, there are multiple types of 1x2 bets to choose from, but essentially you only need to pick between three possible outcomes.
That means that if you’re new to the world of sports gambling, or you want to bet on an event without knowing much about it, you can rely on 1x2 betting to make it straightforward. It’s accessible to, and convenient for, all sports fans and bettors.
Conclusion
In sports betting, 1x2 wagering is easy to pick up and try. You don’t need in-depth understanding of a particular sport, team, or event type. Just check the odds, look at good 1x2 betting tips, then wager on a home win, away win, or draw.
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