1X2 betting, otherwise known as three-way betting is the simplest form of betting. It’s very easy to understand and it belongs in the match betting group. The odds are the only things that need to be monitored. For instance, the match result in a Premier League game between Manchester United and Chelsea can be one of the following:
1 – The home side (Manchester United) wins the match.
X – The match ends with a draw.
2 – The away side (Chelsea) wins the match.
Let’s imagine the odds for this 1X2 bet are 2.30 for a home side victory, 3.20 for a draw, and 3.50 for the away side to win. If you were to bet 10 on the draw and you get it right, your winnings will be 35. However, if the match result is anything but a draw, then you will lose your stake.
Combining 1X2 Bets
Most bookmakers offer a combination of two of the three possible outcomes in 1X2 betting. These markets are known as the Double Chance bet. They give bettors the opportunity to bet on 1X, X2, or 12. In translation, it means you are betting on a home win or draw, draw or away win, and home win or away win.
Combining two bets into one increases the chances of winning the bet; however, the odds would be lower than a regular 1X2 market. For instance, the combined odds for the above-mentioned game would go something like this:
1X (Manchester United/Draw) – 1.30 odds.
X2 (Draw/Chelsea) – 1.60 odds.
12 (Manchester United/Chelsea) – 1.40 odds.
As you can see the odds and your returns would be lower but the risk is also way smaller.
1X2 Betting in Other Sports
The most obvious and common markets for 1X2 bets come from football. Nevertheless, that’s not the only sport where you can locate these bets.
Many bookmakers offer the 1X2 market on just about any team sport where the possible outcomes could be a home win, away win, or a draw. So, 1X2 bets are becoming more popular in sports like rugby, cricket, hockey, etc.
How to Place Bets
When it comes to 1X2 betting, keep in mind that those bets are easiest to place. Just pick a team, pick the outcome and you are ready to go. The following pictures will explain further.
Check our 1X2 markets and much more on our Bitcoin Sportsbook.