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Handicap betting is a common practice in many sports events and it may occur in racing too. In horse racing and other gambling, it’s often necessary to offer odds to give an advantage to some competitors. The new definition of handicap is “a circumstance that makes it difficult to make progress or succeed”. The handicapping tool the Bookies offers provides a disadvantage they must overcome in order to win. This is especially the case when one team is far superior to the other. To level the playing field, it’s important to keep things close. The bookies will offer more than just the basic win/draw/lose odds and also provide you with a handicap bet where one team’s score has to meet or exceed a certain number in order for your punter to win.
How does handicap betting work?
To illustrate these types of bets, let’s use a fictitious example: Man United– the world’s best team on their day. Say Man United is playing a cup tie fixture against Wimbledon. All these factors point towards Manchester United as the favorites for this game – resulting in extremely low odds of about 1/200. In other words, it’s not worth doing anything with your money without backing them to win. Likewise betting on Wimbledon is just throwing your money away
Instead of placing a straight bet on this match, you should make a handicap bet. A handicap bet is when the player set the odds to be much more favorable for both teams. This strategy will make betting on this match much more worthwhile. This could see you put anything from a -1 to -5 goal handicap on Man United in this instance. By restricting United from the contest, you increase your chances of winning whilst not stretching the boundaries of what is possible. For a -3 bet, this would mean that Man United would need to win by 4 goals or more in order for you to win the bet – These types of bets can be much more attractive and are often seen in weekly football tips. and can drastically increase your chance of winning. Not only that, but they make low-odds bets much more worthwhile than outrights.
There are three main types of handicap betting:
- Asian Handicap Betting
- 3-way Handicap betting
- No-draw Handicap betting
Check other Betting Systems and Strategies
Difference between Handicap and Spread betting systems?
In a nutshell, handicap and spread betting are indeed the same things. Depending on where you are located, you may use different terminology to describe it.
