Types of Bets You Can Place on the EPL

One of the biggest spectator sports in the world, let alone Australia, is the English Premier League. Home to some of the best soccer teams and players in the world, the EPL garners the attention of millions of people every season. This includes passionate spectators as well as those who enjoy betting on the games.

For the bettors, diversifying your bets is one of the best ways to balance out your wins with your losses. However, if you don’t know what bets to make, you’ll find your options limited. So, here are the different betting types you can make on the EPL to help you.

Challenge bets
Challenge bets are a fun and engaging way to place a wager on the EPL. However, they are risky. A challenge bet works by processing your bets through stages until you win or lose them. Basically, you’ll make a small wager based on your EPL predictions for a certain game. If you happen to win the first bet, your stake and winnings will be moved onto the next stage, and so on, until you lose or complete the challenge. This kind of betting poses the opportunity to win big, but you could also lose a reasonable amount further on.

Arbitrage bets
Also known as sure-bets, Arbitrage bets are when you place multiple bets on the same event by considering the odds. At the same time, this might not be a specific type of bet, as a strategy is allowed to minimise the risk of significant losses when betting on a match.

When done correctly, a punter could place one bet on each outcome they choose, thus, when the game is over, their winnings could offset their losses, helping them break even or turn a profit.

Future bets
Future betting also features EPL betting, as it does for many other sports. When you bet on the future, you’re essentially wagering on the outcomes of what might happen in the future. For example, let’s say Manchester City and Manchester United are playing against one another in a few weeks’ time, and you notice that one of the key players in Manchester City is down. This might indicate that the odds are in Man United’s favour. You could place a bet now as you wait for the match.

Both teams to score
Many EPL betting enthusiasts enjoy using this form of betting. When you bet on both teams’ scores, you’re combining the scores to guess what the final score will be when the final whistle blows. For example, Chelsea scores 3 points against Liverpool’s 2 points. The total equals 5.

Over/under bets
Under/over betting is also another common type of betting on the EPL. When you bet over or under, you’re wagering on the amount a team scores in comparison to what the bookies say. For instance, if the over/under is set to 2.5, you’d have to bet three or more goals to win. Likewise, if the bookies value is 2.5 and you want to bet under, you’d need to say two or lower.

Full-time and half-time bets
Full-time and half-time bets are fairly self-explanatory. They are involved in making a prediction of the results by half-time and by the end of the game. Placing this type of bet can be tricky, especially since games can often go in any direction in the last half of the game.

Basic betting tips
Here are some tips to help you make wise bets in the EPL:

Do your research
Any experienced punter will tell you that they put in a lot of effort following the EPL and doing their research before making a bet. While betting is never really a sure thing unless it’s fixed (which is illegal), you can greatly improve your chances of making a successful bet when you’ve carefully weighed up the odds and other factors that might impact a team’s performance.

Manage your bankroll wisely
When you start betting, setting up a bankroll or budget will help you keep track of how you use your finances. Try to set aside a safe amount that you’re comfortable with losing, as this is a possibility. Also, separate this bankroll into how much you’re willing to risk betting for the games you’ve selected to place a wager on.

Don’t chase losses
This is important. Don’t chase losses. It’s easy to lose and believe that by placing another bet, you could just win the money back. Unfortunately, this is the gambler’s fallacy and would most likely put you in a worse position than before. Instead, stick to your budget and be self-disciplined, knowing when to call it quits.

Final Thoughts
Sports betting can be extremely entertaining and rewarding if you know what you’re doing. Understanding the differences between betting types will open up more opportunities for you as you place a wager on the matches you watch. Consider the tips above, do your research before games, manage your bets wisely, and know when to walk away.

By Thisis