handicap meaning in cricket bettingHandicap meaning in bet, Asian and European handicaps
Handicap is one of those terminologies that you must have heard if you tried betting before. To some who understand the meaning of handicap, it allows them to understand wagers better. For those who are hearing for the first time or just don’t know what it means. It could be a cause for confusion.
So in order to help you get better at your online betting lingo. Today, we will look at What is a handicap? Why do you need to understand handicap meaning and many more. So, to answer the question, what is a handicap, it is a tool that can be used to take sports betting to a whole other level. Handicap means different things in different sports, however, we will be focusing on football for our examples.
Handicap betting is where one selection in an event is given a “handicap” to overcome in order to win. This is popular when strong favorites are playing, instead of placing a match bet at short odds, you can place a bet at longer odds with a 1 or 2 goal start, or -12 point for instance.
Handicap in betting is a numerical figure set by the bookmaker to counter any perceived biases in the abilities of the opposing teams. Through this, it provides the punter with more balanced odds because, at the end of the day, anything can happen in sports. This is often more appealing to punters as it creates more intrigue and insight into the result of the game and the bets placed by not allowing the implied probability to dictate the bet. By choosing handicap betting the punter’s bet must “overcome” the handicap in order to win, so you are betting on your selection with the handicap taken into account.
In soccer betting, you can make use of a handicap bet in the traditional sense, a three-way handicap or Asian handicap betting.
When betting on a handicap market on soccer, the team supposedly less likely to win, given the odds, is awarded a goal or the “favourite” is given points before the match even starts as far as the bet is concerned. So, the favourite will start with a handicap of -1, -2, -3, etc.
For example, Team 1 is the favourite to win so they start with a -2 handicap, Team 2 has lower odds with points awarded by the handicap to level the odds, so Team 2 starts with +2. To use the third option effectively, the handicap tie is -2. Essentially you are betting on the team that wins by the margin specified by the handicap.
In this section, we will be explaining as simply as possible the meaning of Asian handicaps. As the name suggests this form of betting originated in Asia. It all started when a group of high staking Asian backers requested a “draw no bet” wager – meaning that if the match finished in a draw then all bets were void. Due to the money on offer the bookmakers relented but the demands got even more complicated, such as “half my money back if it’s a draw”, and a whole new method of betting was established. At first, this betting revolution was confined to Asia but eventually, it filtered down into bookmaking worldwide. As such it is becoming more mainstream, but still very few people understand let alone take advantage of it. To put it simply in the market the team perceived to be the less likely winner of a match is given a head start, commonly termed as the ‘handicap’.
You win if your team wins the match. If there’s a draw, your bet is split in half: one half is considered a win, the other half is considered a draw, and its stakes are refunded.
You win if your team wins or draws the match. If it loses with a goal difference of one, your stake is refunded.
In this section, we will be looking at some handicap examples for different handicaps we have talked about so far. So we begin with an example of Asian handicapping:
Imagine United vs. City and the handicap are City + 2.5. This means that in order for a bet with City to lose, United would need to score 3 goals against them. So if the match ended United 2-0 City and you bet on a City win, you would win because City was going into the bet with a 2.5 goal advantage.
For a little more sophisticated example, Let’s look at an example of two-way handicaps:
Consider United versus. City and you’ll obtain the following handicap: +1.0, +1.5 for the city This implies that half of your wager is on City winning, drawing, or losing by less than one goal, while the other half is on City winning, drawing, or losing by fewer than 1.5 goals.
If the final result is United 1-0 City, half of your wager will be returned owing to a tie (United 1 – +1 City), while the other half will win (United 1 – +1.5 City).
European handicap betting is essentially a three-way bet, akin to a 1×2 match outcome bet. As a result, it is sometimes known as “single handicap” or “three-way.” A handicap is placed on the outsider in any match if there is a considerable disparity in strength between the two sides in order to make it more difficult for the favorite to win the wager.
So far, the function is identical to Asian. The key distinction is that the European Handicap (abbreviated as EH) is always an integer value, allowing it to be matched with a goal differential. Instead of a -1,5 goal or -0,25 goal Asian, the European are always of the -1, -2, -3, etc. kind.
Let’s start with the European handicaps. It’s a handicap with three possible outcomes: home victory, away win, and tie. Asians, on the other hand, do not allow for a draw, which allows bookmakers to provide better odds to their customers, who will also earn more value from their bets.
Asian handicap betting is typically represented by decimals such as 0.00, 0.25, and 0.50. So keep a lookout for numbers like 1.00, 1-25, and so on.
While European handicap bets provide the typical win or loss outcome in all situations, the option of having no tie with Asians handicap bets allows for a wager to be “pushed” and the investment to be returned to the player handicap meaning in cricket bettingHandicap meaning in bet, Asian and European handicaps in the event.
handicap meaning in cricket bettingHandicap Meaning in Betting ｜ Guide for Ghanaian Bettors
Are you looking to learn more about handicap meaning in betting? We have all the details. To understand the handicap betting terms we have some examples to give you a clear explanation of this market.
Handicap betting is a sports betting market that is used to make a contest more even, especially where there are glaring differences in the strengths of both teams. Although handicap bets are growing in popularity, not all players understand how they work.
You can also check our handicap explained examples in our handicap predictions to give you an idea of how these markets are presented.
The results of any sporting event depend on situational factors. Bookmakers offering betting services explore such factors and represent each team or player’s success chances through odds. Basically, odds are the implied probabilities of a particular team winning.
In some cases where the favourite team has almost every chance of winning, the odds difference may be too significant. This team will get a very little odds value that will reduce the returns of a player.
Handicap betting is designed to level up this disparity where a bookmaker assigns a virtual surplus or deficit (handicap) to every selection. Bookmakers offering this market will apply a positive or negative goal or point handicap to either side.
For the favourite team, the bookmaker will apply a negative handicap; for the underdog, the bookmaker will apply a positive handicap. At the end of the match, your bet will be successful if your bet selection is greater than the opponent’s after the handicap is applied to the score.
This betting market works against the perceived differences between two teams by attempting to even up the playing field to boost the odds values. A perfect illustration involves veteran swimmer and Olympic champion Michael Phelps. It goes without saying that against average opponents, he would win all the time.
All bookmakers will place the odds at 1.01. The handicap market will imply that the average swimmer is given a 100m head start to level up the contest. In this case, Phelps will be handicapped to make the results less certain. The bookmaker gives the underdog a winning advantage and limits the favourite to improve the odds.
This handicap meaning in betting gives the bettor a chance to wager on the handicap tie option. The handicap tie means you bet on an event ending in a win for the team receiving the virtual deficit by the exact margin that the bookmaker has provided.
No draw handicap means that there is no option for a draw. The market guarantees that there will be a winner at the end of the match. For this reason, the bookmaker will allow half goal or half-point handicaps in outcomes where a draw may arise.
This is a variation of the no draw handicap result where draws are eliminated through split handicaps. Player selection will involve whole, half, or quarter numbers.
There are varieties of handicap markets. The handicap examples below represent various categories of handicaps, as discussed above.
This example is from the NFL featuring New England Patriots against Dallas Cowboys. The Patriots start the game as 4-point favourites represented as -4 points. This deficit means the Cowboys, who are the underdogs have a +4 points advantage.
The Patriots will have to win by five or more points to cover the spread in this bet. If the scoreline at the end of the match reads 21-18 to the patriots, the winner on the handicap market will be the Dallas Cowboys because the game ended 21-22 in favour of the underdogs.
The handicap meaning in football can be illustrated using a match. The margins for the three-way handicap on a game between Crystal Palace and Tottenham Hotspurs are listed below:
Crystal Palace: +2Draw/ handicap tie: effectively -2Tottenham Hotspurs: -2
Assume the game ends 1-0 in favour of Tottenham Hotspurs. Betting on Tottenham Hotspurs to win will result in a loss because they didn’t cover the spread. The game is said to have ended 2-1 in favour of Crystal Palace. You also lose the bet if you placed the bet in favour of a handicap tie because Tottenham Hotspurs did not win by the correct margin specified in the handicap.
In this market, you should remember that a handicap draw refers to the margin of victory and not the actual goals scored. For example, in this case, Tottenham ought to have won with a scoreline like 2-0, 3-1, 4-2, etc.
The handicap example will feature a split Asian Handicap that divides the stake across two handicaps. For instance, a player can bet on Everton, who are +1 and +1.5 against Aston Villa.
If the game ends 2-1 in favour handicap meaning in cricket bettingHandicap meaning in bet, Asian and European handicaps of Aston Villa, half of your stake (+1) will be returned because the game is said to have ended 2-2. For the other half (+1.5), you will be regarded as the winner because the game will end with a 2-2.5 scoreline in favour of Everton.
Handicap betting should level the playing ground in a situation where the favourite team is too strong for the favourite. This is good news to bettors because the odds for the favourite will be boosted.
Another advantage is that the handicap market provides an alternative for bettors who do not like other markets like correct scores. While betting with a particular bookmaker, you can avoid other markets and settle for this one. Handicap betting is divided into many other varieties to increase the choices of a bettor. You can switch from one variety to the other and find the most suitable option for you.
One downside of the handicap bet is that it does not reflect the actual form of the participating teams. It relies on the subjective opinion of the bookmaker, hence undermining the statistical facts gathered by the bettor.
We answer some common questions about this topic below.
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