Most of us are familiar with the straight forward win or lose bet where if your selection wins so do you and if not you lose. Most people also understand the concept of place betting when you bet on an event where there can be a first, second and third placed finishers. However, on Betfair there is also a variety of other bets that you can place.
Golfers will be familiar with the concept of handicaps. These are designed to make all players more or less even; well at least that is the theory. The use of handicaps helps make what might be one sided events a little bit more even for betting purposes. For instance recently the English football team had to play both Kazakhstan and Andorra to qualify for the World Cup. No one expected in England to get beaten and this was it proved with them winning 4-0 and 6-0. On Betfair you could have placed handicap bets on England winning.
The two most popular handicap bets are known as Asian handicaps as they were initially popular in the Far East. Now many punters from around the world use them.
There are now actually two types of Asian Handicap. click on this article The first gives on side 1.5 handicap which means they have to win by 2 or more goals for it to be a winning bet. It also means that it is not possible for the outcome to be a draw.
In the second type of Asian handicap a side is handicapped by whole goals +1.0,+2.0 and so on. In this event if a side is handicapped +2 it must win by 3 clear goals. If with the handicap added the result would be a draw the bet becomes void.
Another type of betting is known as Line Betting. This is when you bet on a particular series of events happening or not happening. For instance in a soccer match if you think a side will get more than 10 corners in a match the line might be set at fourteen corners in the game. If they only get 13 corners then you win, if they get 15 corners then you lose. It is a simple even money bet.
A more complicated and risky bet is Range Betting. Whether it is goals, runs or point sin a match you can “Buy” or “Sell” a value. Cricket is a good example, you may think that one side will score more than 200 runs and you buy the runs at £2 a run. For every run over 200 you will win £2 but if they fall short of the figure you will lose £2 for every run they did not score under 200. or instance if the only scored 174 you would lose £52. here are limits in place so that when you place your bet you know maximum and minimum gains or losses that you can have.