The 1×2 Betting System:
It is the most popular one to bet on football matches. Real Madrid games are no exception, and we will use the current market odds of Real Madrid in the UEFA Champions League Betting Market to explain it.
By the way, we’ll use the easiest betting odds system out there which is the decimal system.
Real Madrid – Shakhtar Donetsk
This week on Thursday, October 5th, 2022, Real Madrid will face Shaktar Donestk in Madrid. The hosts naturally are the favourites in the football sports betting markets.
In the 1×2 system, the odds for the event 1 represent the chances of the hosts winning the game. In this example, the market odds right now are 1.18 for Real Madrid, on average.
It means if you bet £100 on Real Madrid to win the game, your prize would be £118. The prize might not seem much at first, but the chances that you win it are extremely high.
If you believe the match will end in a draw, then the odds available for you are 8.09 on average. If you bet just 10 pounds, you could win £80.9. In the 1×2 system, the chances of the match ending in a draw are represented by the X.
Real Madrid X Shakhtar Donetsk: Betting on the visitors
If your Real Madrid knowledge tells you the visitors have good chance to win the game, then the odds are of 14.85. It means a bet of £25 could become a prize of £371.25! In the 1×2 system, the chances of the visitors winning are represented by the ‘2’ number.
There are several other betting markets, but the main idea here is to understand the nature of the betting markets: the more likely an event is to happen (in the eyes of the markets) the smaller the betting odds.
What or who would ‘the markets’ be anyways?
There’s a big misconception regarding betting odds. Lots of people believe that the betting odds are fixed numbers determined by the bookies.
Well, the initial numbers are just that, but odds are, by nature, fluctuating numbers. If, for example, key players of any team pick up injuries after the initial odds are released, they’ll change for sure.
Moreover, the ‘opinion’ of the bettors counts too. The market is an expression that summarizes the influence of both the sportsbooks and the bettors. If the house gets too many bets, for example, on the victory of Shakhtar Donetsk, the odds will drop from the juicy 14.85 that is available at the moment, to let’s say 13 or 12 or even less.
The Betting Scale
A mentor of mine once used the metaphor of a scale to explain how 1×2 odds work. If there are too many bets on one side, like the visitors, the ‘2’ event, then the odds for the other events, X (representing the draw) and the ‘1’ representing the hosts’ victory, will ‘grow’.
That said, if you like a specific odd, grab it now before it changes! Of course, they may become even more attractive, but things can always go either way so it’s better to make sure you buy the odds you like when you have a chance.
Real Madrid Analysis Betting Guides
We’re publishing a series of brand-new guides for you. You may enjoy our guides about Asian Handicap Betting, the timing of the odds release in the betting markets, and our most recent analysis about the La Liga outright betting market.