How Does Soccer Betting Work?
The fundamentals of soccer betting do not differ too much from the structure of other sports, however there are features of the game of soccer that are reflected in the way its betting works. There are a few ways to bet on soccer: betting on the outcome of the game, betting on the spread, betting on the over/under of the total amount of goals scored in a game, and lastly, placing proposition or "prop" bets.
Betting on the Game Outcome
Putting bets on the outcome of a game is the most popular way to bet on soccer and any sport. When you bet on the outcome of a soccer game, you have three choices. You can bet on Team A to win, Team B to win, or Team A and Team B to draw. Soccer betting is unique in this respect as it is one of the few sports where a tie is allowed. Each choice has a corresponding payout based on how likely it is to happen, which is called a money line.
A money line for a particular outcome is indicative of how much you will win based on how much money you bet. Choices that have negative money lines are considered to be the more likely outcome. For example, for a choice with a -110 money line, you will have to bet $110 to win $100. On the contrary, positive money lines are considered to be the more unlikely outcome which makes them more risky but also makes the payouts higher. For example, for a choice with a +110 money line, you only bet $100 to win $110.
Betting on the Spread
In addition to betting win, loss or draw bets, you can also bet on the spread. The spread is what experts think needs to be adjusted to make the two teams even. For example, if the experts think that Team A should beat Team B by 1.5 goals, then Team B will have a +1.5 spread and Team A will have a -1.5 spread. With that being said, you can also bet on each team to cover the spread. Sticking with the example above, if you bet the Team B spread then Team B would have to lose by 1 goal, draw, or win in order for your bet to be successful. On the other hand, if you bet on Team A's spread, Team A would have to win by 2 goals in order for your bet to be successful. The money line associated with each spread choice is much different than the money line associated with a straight win, loss or draw bet as the likelihood of each outcome is much different.
Another bet that you can make in soccer is betting the over/under of the score. For every game, experts determine how many goals each team is likely to score and bettors can bet on if the total amount of goals scored in the game will be over or under that determined amount. Both the over and the under options have a money line associated with them and they are typically similar payouts. Another thing to consider when betting on the over/under of a game is that the number is based on total goals scored in the entire game by both teams. You can bet prop bets if you want to bet over/unders for more specific parts of the game like the first half. However, the most popular and common choice to bet on is the total number of goals in a game from both teams.
Another way to bet on soccer is to make prop bets. Prop bets are short for the term proposition bets and are a more specific way to bet on a soccer game. Prop bets are a broad category of specific bets that have to do with a particular game. For example, if you think that Player A on Team A is going to score a goal in the upcoming game, you can bet that Player A will score.
Prop bets are unique because most of them do not concern the final outcome of the game, they instead concern a specific player or specific event. Each prop bet has a money line associated with it that is based on the likelihood of that specific event happening according to experts. Since these props bets are very specific, the money lines associated with them are typically very high and positive.
Is it legal to bet on soccer?
How you bet on soccer largely depends on what state you live in. Currently, there are 22 U.S. states where sports gambling is legal. There are 7 states where only physical sportsbooks are legal, 6 states where full mobile betting is legal, 5 states where partial mobile betting is legal and 5 states where it is legal but is not up and running just yet. It is essential to research your state laws regarding sports betting.
How are betting odds determined in soccer?
Betting odds and money lines are determined by experts who work for different sports books. Odds and money lines are reflective of the likelihood that something is going to happen. Therefore, the more likely the event is to happen, the lower the money line and on the contrary, the less likely something is to happen, the higher the payout. Betting odds and money lines are determined by experts that use complex mathematical formulas to reach their outcomes.
Is betting on soccer profitable?
Betting on soccer can be profitable as you absolutely can earn more money than you lose. However, a bettor's profitability is more dependent on the decisions of the bettor than the sport itself. With that being said, betting on soccer could be profitable for some and a disaster for others. In general, the odds and money lines are constructed by experts using complex mathematical equations, so to be profitable you have to beat them, which is not an easy task.
Which is a money line in soccer betting?
A money line is a number that is indicative of how much money the bettor will make on a bet and how likely the choice is to happen. The more negative the money line is, the more likely the outcome is to happen and the more positive the money line is, the less likely the outcome is to happen. Money lines also dictate how much a bettor will make. For example, if Team A has a money line of -120, the better will need to risk $120 to win $100.