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.
What is 1×2 Betting?
1X2 betting, also known as three-way betting, refers to backing or laying a home win, draw or away win. We explain what a 1X2 betting market is, and how to calculate your payout.
1X2 bets are hugely popular and a simple way of betting on sports where there is the possibility of a draw. The 1 refers to a home win, the X the draw and the 2 the away win.
Unlike Asian handicaps or totals, 1X2 betting doesn’t seek to even out any difference in perceived quality between the teams or players. They aim to reflect the true odds of every possible outcome minus the bookmaker margin or exchange commission.
How does it work?
Basically, the three outcomes of a match between two teams are represented by either 1, 2, or X. This means 1 is for a home win, 2 for an away win, and X for the draw. Lets use a possible game between between Arsenal and Leicester as an example.
In the Full Time Result market, Arsenal are represented by the 1 as they are the home team. Leicester are the away team, so are represented by the 2, and the draw is X. Looking at the odds, you can see that Arsenal are favorites at 1.36. Leicester are the outsiders, with odds of 8.50, and the draw is priced at 4.75.
This means, using a 100 stake, that a bet on Arsenal to win would pay 136 if they’re victorious. Leicester to win is a possible return of 850, whilst the draw would pay 475 if the game finishes level. The 1X2 bet is sometimes also available in handicap betting, as long as there’s the possibility of a draw.
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.