What is Handicap Betting? Types of Handicap betting
Welcome to Sikwin, the top sports betting site in India. All sports fans now bet on every athletic event in the world from their mobile devices, thanks to our ground-breaking mobile application. Even a sports novice uses our application's UI to quickly grasp its features and begin placing profitable wagers on the Sikwin platform.
The handicap bet is one of the most famous on the Sikwin app. What is it? To assist you in comprehending what handicap betting is, the Sikwin team has put together a complete explanation. We'll explain the concept's essential points, how it operates, and the scenarios in which this kind of betting is most advantageous.
Outline
- Handicap betting Explanation
1.1 History of Handicap Betting
1.2 Rules of Handicap Betting
1.3 Handicapping also works on Points
2. Types of Handicap Betting
2.1 Asian Handicap Betting
2.2 European Handicap Betting
2.3 Draw-no Bet
3. Conclusion
1. Handicap betting Explanation
Handicap betting is trying to equalize the odds of two opponents in a sporting event. The team or player who starts as the favorite to win will be given a goals handicap, meaning that they have to win by more than a set number of goals for their supporters to win their bet.
On the other hand, the team or player who is an outsider to win will be given a +1 goal advantage, which means that if they lose by less than that number of goals, their supporters will get their bets paid out. It is used in many sports, such as football, cricket, and horse racing. Handicaps are also used for betting on individual players. In comparison to standard betting, handicap betting is significantly more entertaining. Additionally, it increases the odds for participants while simultaneously raising the risks.
Imagine competing in a tennis match against Roger Federer. He will probably win in each game. Therefore, if someone placed a wager on your match and Federer's win, they would win a modest profit each time, but it would be extremely minimal.
History of Handicap Betting
Handicap betting has taken place since the early 19th century when bookmakers began offering bets on horse races where there was more than one horse taking part. The most common type is to have an even money bet on each horse with no extra money added or subtracted from their final odds depending on how well they perform during the race itself. However many bookmakers also offer other types of handicap bets which can be more interesting due to harder odds being available but still making it possible for everyone who takes part to win some money back at least!
1.2 Rules of Handicap Betting
The team or player who starts as the favorite to win will be given a goals handicap, meaning that they have to win by more than a set number of goals for their supporters to win their bet. This is because they are deemed to be better than the opponent and should therefore score more goals.
The opposite occurs when the underdog is at a goals disadvantage: they will need to score fewer than the set number of goals for their backers’ bets to be successful.
Handicapping also works on Points
What you should know about handicapping in points betting is that the same principles apply. For example, if a team is expected to win by a certain number of points (e.g., 3), then they will be given a handicap of that number (e.g., -3). If they win by less than that number, then their supporters will get their bets paid out at what it costs them to bet on the game plus any extra money from losing bets being deducted from their account.
For instance, Team 1 is the favorite, whereas Team 2 is the underdog. If a side is given a -2 handicap, that team must win the game as long as the final score does not end up being two goals fewer. As a result, if the first team wins with a score of 4:1, you deduct two goals from it, making the final result 2:1. In this scenario, team one still wins, making your wager the successful one. However, if team one won with a 3:1 score, it was a handicap tie, and your bet would have lost.
Types of Handicap Betting
At the sports betting site Sikwin, we make every effort to offer our players the greatest possible selection of sports betting types and betting choices. Additionally, our odds are among the best on the market.
Our platform is the ideal spot to place live pre-match and virtual handicap bets on anything from football to hockey and from cricket to volleyball thanks to the worldwide sporting events you may wager on in the Sikwin mobile app.
When you bet on sports, it's important to know what types of handicap betting are available on Sikwin.
2.1 Asian Handicap Betting
Asian handicap is a type of betting in which the odds are adjusted based on the perceived strength of the teams. The favorite is given a head start and the underdog is given a head start, so even if they lose, they'll still end up with something.
For example: If you bet on Japan at +1 against Korea, then if Japan wins by one goal or loses by one goal (i.e., it's a draw), you'll get 1/3 of your money back; if Japan wins 2-0 or loses 0-2 and prevails over Korea, then you'll get 2/3 of your money back; but if Japan loses 1-0 or draws 0-0 and defeats Korea—well then…you win!
2.2 European Handicap Betting
European handicap is the most popular betting option, and it’s easy to understand why. You can place a wager on a match or event that has already started and know exactly what you stand to win if you’re successful. A European handicap requires two things: a team and the number of goals they need to score for your bet to be considered correct. So let’s say England is playing Ireland in soccer (football). Before the game starts, England is 2-0 favorites—meaning they would have to lose by 3 goals for you to lose your money; if Ireland wins by more than 2 goals then you would lose your bet because their margin of victory was greater than yours.
2.3 Draw-no Bet
A "draw no bet" is a type of handicap betting. The draw-no bet is a way of betting on the outcome of a football match or tennis match, where the winning team must be given half a goal or more.
When you place this type of bet, you're betting that your chosen team will not lose by more than half an overall goal difference. For example: if you choose Liverpool to win at home against Arsenal and they end up winning 2-0 with an aggregate score line of 3-0, then you've won your bet because they didn't lose by more than half an overall goal difference (in this case half a goal).
Conclusion
There are many types of handicap betting, and each one is unique in its way. As you can see, there are plenty of opportunities for players to place wagers on the outcome of a match. If you're interested in handicapping your next bet with any or all of these types and more, be sure to check out our guide on how to place Handicap bet on Sikwin!