Sports Betting: What it is and What the Betting Markets are
Many Filipinos love betting on sports events, especially since the average Filipino is typically a sports fan for basketball and volleyball events. However, the most popular sport in the many different sportsbooks worldwide is soccer and not a lot of Filipinos like soccer as much as they like basketball.
Still, sports betting is a good slow burn betting option that doesn’t pay out immediately unless when betting live. Live bettors can immediately get paid out but the most popular option by far is either parlay betting or simple early betting so that bettors won’t have to stress about the changing odds.
Early vs. Live Sports Betting
Early betting and live sports betting are essentially the same, with the most notable difference being that one’s odds are mostly static and change slowly while the other’s changes more frequently as the match goes on and some markets get closed when match conditions make them impossible to bet on. While early betting is more casual, unless doing parlays, live bettors are in it more either for the excitement or to snipe odds.
Sniping odds is possible in live betting since there is a certain period of time before the sportsbooks can adjust the odds to reflect more recent developments. Additionally, live bettors also typically shop for lines to look for the best odds for a particular bet and place their bets there. Comparing odds is typically frowned upon by sportsbooks, but bettors won’t really get caught when doing so through online casinos.
Line shopping is popular among serious sports bettors as they aim to maximize the odds for an outcome they’re betting on. Doing this live will require the bettor to monitor different sports books at the same time and bet on the one with the best odds before the bookie changes them.
Early betting is still popular, especially when setting up parlays using easy-to-win markets or placing futures bets on which one will win an entire league. Futures bets are typically popular since they typically have high odds early during the league and the odds become shorter and safer as time passes.
Examples of Sports Betting Markets at SSBet77
SSBet77 is powered by United Gaming for its sports betting offerings. UG itself is well-known is many online casinos as a reliable sportsbook provider with plenty of soccer betting odds as well as several outright bets available. Because soccer is the star in United Gaming, most of the markets we’ll list are from soccer betting.
1X2/Moneyline
The 1X2 market is also known as the three-way moneyline market where bettors will be able to bet on one of three outcomes, which are the 1, X, and 2. 1 stands for Home wins, X stands for Draw, and 2 stands for Away wins. This market is typically the most basic sports betting market and is what is most frequented by many bettors.
Because matches can go either way even after a team scored more points in the first half, bettors can instead bet on the outcome of the first half of a match instead of the entire match. Although the odds and payout are lower, it is still safer than the standard 1X2.
Double Chance
Double Chance is essentially a similar sports betting market to that of 1X2 except that bettors bet on two outcomes instead of one and thus make the odds and payout much lower. The choices are the following:
This betting market is available in soccer matches and is extremely useful since soccer matches can typically end in a draw and being able to cover as many bases as possible by betting on both makes this worthwhile when staking high or setting up parlays.
Over/Under
Over/Under is a relatively safe goal-based sports betting market where bettors must guess whether the score of a match exceeds a certain threshold or not. In soccer, the most common threshold is in between 2 and 3, with 2.5 being one of the most notable. In basketball, one common threshold is 157.5 due to how high scoring they are.
Betting on a non-decimal score will result in a push if the final score matches the threshold. Over/Under 2 only wins or losses when the score is above or under 2 points and it pushes when the watch ends exactly on two points.
Odd/Even
Odd/Even is a betting market similar to Over/Under but is much trickier. While seeming simple at first, it’s best to keep in mind that high scoring or low scoring teams will still typically have a fairly even chance of ending the match with an odd or total score number.
Both/One/Neither Teams to Score
This market is fairly easy to win in since bettors will only need to bet on whether a goal can be made or not by each team. Betting on Both requires both teams to make one goal each, betting on One requires one team to make at least one goal, and betting on Neither requires the match to end goalless. United Gaming presents three different sports betting options, but other sportsbooks only typically provide odds for Yes or No on both teams scoring.
This market is typically only found in soccer games since the sport itself is too low-scoring that it can be common for a match to end with only a single goal being made.
Correct Score
Correct Score is essentially the hardest goal-based sports betting market to bet on since bettors are required to guess the exact number of points each team will make for the duration of a match. Even one score off will result in a loss so the odds here are typically higher than other markets.
The different options to bet on typically range from 0-0 to 4-4 with AOS or Any Other Score being available in case one or both teams score a lot more than 4 goals. Each option will typically high odds, with the option with the shortest odds still typically not guaranteeing a win for the bettor.
First Goal/Last Goal
As soccer is typically a low-scoring sport, bettors will be able to bet on which team will score the first and last goal. United Gaming offers odds on five outcomes, which are the following:
The First and Last bets can be helpful to bettors who have some knowledge on the participating teams even if they don’t outright know who will win. This is because aggressive teams will typically make the first score in a match while more defensive teams will typically make scores in between or be able to keep any teams from scoring a goal.
Outright
Outright or futures betting is a popular market for those aiming for the long odds. This bet typically focuses on which team will win a league but can also include options for other events and outcomes. The other options for Outright are the following:
Best Player and MVP are some of the most popular options since bettors can show support for a certain player by placing money on them being the best player for the season.
Outright markets are typically long odds early in the season and become shorter as the season progresses and it becomes more apparent what the likely outcomes will be. A tournament with twenty teams to start will typically end up with about four teams to bet on for the Winner option when the season is about to end.
FAQs
Conclusion
The sports betting scene in the Philippines isn’t as popular as that of other casino games like slot machines and live casino gaming, but it is still a good betting option for bettors. Casual bettors can set up early or outright bets to try and make money for the future or take risks with parlays to try and win big.
SSBet77 understands that not all bettors prefer betting on sports events but still offers some to any bettor who’ll want to place bets on them. You can try betting on basketball and volleyball matches or try out the ever-popular soccer betting market.