What Does Pk Stand For In Betting
Many inexperienced punters, or those who are new to sports betting, may find themselves looking at the available markets and asking, what is 1X2 betting?
- What Does Pk Stand For In Betting Terms
- What Does Pk Stand For In Soccer Betting
- What Does Pk Stand For In Betting Money
- What Does Pk Stand For In Betting Nfl
Well, 1X2 betting is mostly popular in football and involves betting on the result in a match with three possible outcomes, which are home win, away win, and draw.
Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. Betting Terminology. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete. Below is the smorgasbord of. A point spread, or simply “the spread”, is a sports betting number made by oddsmakers at sportsbooks that serves as a handicap between two opponents. Because not all teams are equal in skill. In sports betting, “PK” is an abbreviation for “pick” or “pick’em” and refers to even money wagers in point spread betting. PK simply means that neither team is the favorite nor the underdog, so the point spread is zero.
This market may also be known as Full Time Result, Match Betting, or Three-Way Bet.
How Does a 1X2 Bet Work?
If you are still confused, here’s a more detailed explanation and includes an example.
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.
Using odds from Bet 365, let us use the scheduled curtain raiser for the 2017/18 Premier League season 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 favourites 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 Two of the Three Possible Outcomes
It is possible to combine two of the three possible outcomes, using a Double Chance bet.
With this market, you can choose to bet on 1X, X2, or 12. This basically translates into home win or draw, draw or away win, and home win or away win.
By combining two outcomes, you have a bigger chance of winning your bet although it would be for lower odds than in a normal 1X2 market.
Using the match above, Arsenal v Leicester, let’s look at the difference in possible return.
1X (Arsenal or Draw) – Odds of 1.083. Possible return of 108.30 for a 100 stake
What Does Pk Stand For In Betting Terms
X2 (Draw or Leicester) – Odds of 3.20. Possible return of 320
12 (Arsenal or Leicester) – Odds of 1.20. Possible return of 120
Using our bet calculator, you can work out if it would be more profitable to combine two of the three possible outcomes using the double chance option or in the normal 1X2 market.
Want to learn how to be an expert football bettor for free?
Other Sports Using 1X2 Betting
Football is the obvious, and most popular, sport which uses the 1X2 betting market, but it’s not the only one.
In fact, many bookmakers will offer this market on any team sport which has the possible outcomes of a home win, away win, or draw. Therefore, sports such as cricket, rugby, and even hockey are becoming increasingly popular among punters who use 1X2 betting.
Want to read more?
A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games.[1] The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.
There are two types of teasers. The first kind, known as a 'Super Teaser,' 'Special Teaser,' 'Big Teaser,' or 'Monster Teaser, ' allows the bettor to choose three, four, or in some cases five teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return, the bettor will receive less money than the one risked in the bet.
The second type of teaser, known as a 'Vegas Teaser,' or simply a 'Teaser,' is more of a combination between a parlay and the first teaser explained. In this case, the bettor will receive fewer points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from two to 15 in some cases), the higher the payout will be.
Example[edit]
Super Bowl XLV: Pittsburgh vs. Green Bay
Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction).
If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).
If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).
Bet on the over and the line is 39.5 (45.5 - 6).
Bet on the under and the line is 51.5 (45.5 + 6).
Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win.There is still debate among experienced sports bettors if teasers are good wagers or not. Opinions vary on the subject, with some believing they are poor option, while others believe they are worthwhile, especially as more games tend to fall close to the point spread.[1]
What Does Pk Stand For In Soccer Betting
Many sportsbooks also offer teaser cards (similar to parlay cards). In most cases, teasers must involve 3 or more teams, and spreads and totals have half points to avoid ties. Cards are usually printed in the morning (Every Wednesday morning for football) and the lines on the cards are fixed, though the book reserves the right to take the games off the board.
See also[edit]
References[edit]
What Does Pk Stand For In Betting Money
- ^ abMoody, Allen. 'Sports Betting - How to Bet Teasers'. Archived from the original on 2008-09-30. Retrieved 2018-06-26.