Soccer's primary form of betting is on moneyline wagers, but with a bit of a twist, because the outcome of a draw is not only a possibility, but very often is the final result.
For a typical game – that is, not a tournament game, in which overtime may be required to determine which team advances – the main sportsbook offering is three-way betting: either on the favorite, on the underdog, or on a draw for 90 minutes plus injury time. In this type of betting, there is often a plus-money price on all three options.
For example, Team A is a +115 favorite against Team B, which is a +225 underdog, while a draw is +250. For every $1 wagered on Team A you could win $1.15 while a bet on Team B will win $2.25 for every $1 bet. A draw result will pay out $2.50 for every $1 wagered.
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As with many other sports, you can also bet on the total, which is the cumulative number of goals scored. For example, Team A is playing Team B, and the total is 2.5. A bet on the Over wins if the total number of goals – Team A’s goals + Team B’s goals – exceeds 2.5, and an Under wager wins if the total is less than 2.5.
Some sportsbooks also offer two-way betting on soccer against the spread. For example, Team A is a -1.5 goals favorite, at a price of +110, and opponent Team B is a +1.5 underdog, at a price of -130. That means in order to win this bet, Team A must win by more than 1.5 goals and Team B must lose by fewer than 1.5 goals. A bet on Team A -1.5 would win $1.10 for every $1 wagered while you would have to wager $1.30 to win $1 with a bet on Team B +1.5.
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Similar to spread betting and popular among soccer fans is the Asian handicap odds. This unique bet allows you to wager on spreads of quarter increments, such as -0.25 or -0.75. When placing a bet on a spread with a quarter increment, the total money wagered is actually split between two bets.
For example, a $100 bet on a team at -1.75 is the same as placing a $50 wager on a team at -1.5 and a $50 wager on a team at -2.0. In this case, the team would have to win by three or more goals to return both sides of the Asian handicap bet. If the team won by just two goals, half of the $100 bet would be paid out for -1.5 and the other half at -2.0 would be ruled a push and the split $50 would be returned.
In tournament play, three-way moneyline wagering would be available for 90 minutes plus injury time, and there would also be a two-way moneyline option available to wager on which team will win the match.
There are alternative wagers in soccer, as well, including game, team and player props, first and second half spreads and total, as well as alternative full-game spreads and totals.