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Decoding 1x2 Betting: Understanding the Three Possible Outcomes in Sports

1X2 betting, also known as three-way betting, involves wagering on the outcomes of a match or event as either a home win (1), a draw (X), or an away win (2). It is a famous and straightforward betting market, particularly in sports where a draw is possible.

Decoding 1x2 Betting: Understanding the Three Possible Outcomes in Sports

Unlike Asian handicaps or totals, 1X2 betting does not aim to balance out perceived differences in quality between teams or players. Instead, it aims to provide odds that reflect the actual probabilities of each possible outcome, taking into account the bookmaker's margin or exchange commission.

Calculating the payout for a 1X2 bet depends on the odds offered by the bookmaker or exchange, and it can be done by multiplying the wager amount by the corresponding odds for the chosen outcome.

How to Calculate Payouts for Back Bet on a 1X2 Market

To calculate your payout for a back bet on a 1X2 market, follow these steps. Let's consider an example where you back Liverpool to beat Manchester City with a stake of ₦100,000 at odds of 2.88.

Step 1: Calculate the return, excluding the commission

Multiply the odds by the stake to determine the return. In this example: 2.88 * 100,000 = ₦288,000. If Liverpool wins, your bet will return ₦288,000, including the stake, resulting in a profit of ₦188,000.

However, since betting exchanges don't include a margin in the odds like bookmakers, you must subtract the commission from the profit.

Step 2: Calculate the return with the commission:

To calculate the return with the commission, use the formula: ((Stake * (Odds - 1)) * Commission rate). Let's consider the commission is equal to 2%. In this example, it would be ((100,000 * (2.88 - 1)) * 2% = ₦3,760 commission. Therefore, you would be charged ₦3,760 commission, resulting in a return of ₦284,240 - a profit of ₦184,240.

If the match ends in a draw or a Manchester City victory, you will lose the bet and your ₦100,000 stake.

Once you have learned how to calculate betting margins, you can compare margins across different bookmakers and exchanges to find the best value odds.

How to Calculate Payouts for Lay Bet on a 1X2 Market

You can also lay the result like a bookmaker when betting on a 1X2 market. For example, let’s say you lay Man City against Liverpool with a stake of ₦100,000 at an odds of 2.68.

Similarly to calculating your payout for a back bet, there are two stages for a lay bet.

Step 1: Calculate the return, excluding the commission:

Multiply the odds by the stake to determine the return. In this example: 2.68 * ₦100,000 = ₦268,000. Therefore, if the game ends in a Liverpool win or a draw, your lay bet would win, resulting in a ₦168,000 profit (before commission).

Step 2: Calculate the return with the commission:

The next stage is calculating your lay bet profit with the exchange commission factored in. In the example, consider a 2% commission on net profits; you can use the following calculation:

Stake * (1 - Commission rate) = profit

In our example: ₦168,000 * (1 - 0.02) = ₦164,649. Therefore, you would be charged ₦3,351 commission, resulting in a profit of ₦164,649.

Συχνές Ερωτήσεις

What does 1X2 mean in sports betting?

In sports betting, 1X2 represents the three possible outcomes of a match or event: 1 refers to the home team winning, X refers to a draw, and 2 represents the away team winning.

How do I place a 1X2 bet?

To place a 1X2 bet, select the outcome you believe will occur: 1 for a home team win, X for a draw, or 2 for an away team win. You then place your wager accordingly.

What happens if the match goes into extra time or a penalty shootout?

The 1X2 market typically only considers the result after regular time (90 minutes plus added injury time). Extra time or penalty shootouts are not considered for this specific betting market.

Can I combine multiple 1X2 bets in an accumulator?

You can include multiple 1X2 bets in an accumulator (also known as a parlay or multi-bet). This allows you to combine the outcomes of different matches into a single wager with potentially higher odds and more significant potential winnings.

What do the odds represent in the 1X2 market?

The odds assigned to each 1X2 outcome reflect the perceived probability of that outcome occurring. Shorter odds indicate a higher probability, while longer odds suggest a lower probability. The odds also determine the potential payout you can receive if your bet is successful.

Are there any strategies for betting on the 1X2 market?

Various strategies can be employed when betting on the 1X2 market, such as studying team form, head-to-head records, player availability, and other relevant factors. Some bettors may focus on specific leagues or teams, while others may look for value bets based on odds discrepancies.

Can I cash out my 1X2 bet before the match ends?

The availability of cash-out options for 1X2 bets depends on the bookmaker you are using. Some bookmakers offer cash-out functionality, allowing you to settle your bet for a predetermined amount early. The availability and terms of cash-out options may vary, so it's essential to check with your chosen bookmaker.

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