Run-of-the-mill sportsbooks on game day have a plethora of alternatives for one match. Who wins? How many goals? Who scores first? They are basically separate betting markets for each of those questions.
In this MT63 guide, you’ll learn about the most popular betting markets and how they work, how to read the odds, and what you should verify before placing a single bet. The guide also looks at the current state of Nepal’s betting laws and regulations, an important topic that many online betting guides tend to overlook.
What Are Sports Betting Markets?
A betting market is something you can bet on in relation to a sporting event winner eg match result, total goals or top scorer.
Hundreds of markets can be on offer for every single football match. From the toss, to highest opening partnership, a cricket match can carry just as many.
For example, MT63 groups these markets by sport first, before event second – meaning you can drill down from the main result right through to smaller side bets. Markets list their options each with its respective price.
Match Result Markets
The match result market addresses one question: who wins? This is the easiest bet, and its the first one that most beginners tend to make.
- 1X2 (Three-Way): Home win, draw or away win Reason: Typical of football in which draws are regular occurrences.
- Moneyline (two way): Only pick the winner. Tennis, basketball and cricket matches where there is a certainty of result.
- Double chance: Two of the three outcomes covered in one bet. That, however, is countered by the reduced cost.
AwarenessIf you follow cricket, the two way match winner market is dominant for T20 & ICC tournaments.
Over/Under and Totals Markets
Over/Under: Over/under markets are based on whether a number (total goals, total runs, etc.) ends up over or under a line set by the book.
Type on a football line of 2.5 means the over wins with three or more goals while two or fewer goes under. Without the half-point, the chance of a draw in that round is eliminated.
Totals in cricket can refer to the runs scored during the first innings, a batsman’s score or the number of sixes in a game. These markets are paying off to those who learn to study the pitch conditions, weather and the form of the team ahead of picking a favorite.
Handicap Markets
A handicap market is a wager in which one side of the ball is given a head up or down to make an unbalanced wager somewhat even.
If a team is strong, then they are rated at -1.5 goals. They must win by two or more to win your bet. The underdog at +1.5 wins the bet if they win, draw or lose by one.
Further than Asian handicaps split the line, using quarter goal steps such as -0.25 or +0.75. They seem to be confusing, but they eliminate the draw and can provide more level odds with imbalanced games.
Both Teams to Score and Other Goal Markets
This is not a win-lose betting marketsimply whether both sides will register on the scoresheet[] “BTTS” or “Both Teams To Score” basically refers to whether each side gets on the scoresheet at least once.
The question is simple enough to understand that you have one of the most popular football markets being searched. A 2-1 defeat is still a `yes’;
Related options include:
- Correct score
- First goalscorer
- Half-time result
- Total No. of Goals in a Particular Half
While correct score and first goalscorer pay more, they also lose a helluva lot more often.
Outright and Futures Markets
Outright markets allow you to have a wager on the final outcome of all longer-term events, for example, who wins a league or cup or trophy before (or before) an event is finished.
A good example would be of either the Premier League winner or an IPL champion or even a top run-scorer in a World Cup. The final weeks of the field can look quite different than the early bets as prices moved over the course of a season.
The catch is time. For weeks or months, your money is tied up, and the loss of an all-star player can turn the tide.
Player Props and Special Markets
Player prop markets: These are markets that measure individual performance rather than the team outcome.
The best and common ones are the runs scored by a batter, wickets taken by a bowler, shots on target or points for a striker or basketball player. Many websites also provide various novelty markets, similar to the toss result or method of dismissal.
They are popular in these markets because they appear to be personal. This also makes them more difficult to price, which is why limits are generally lower.
Live and In-Play Betting
In-play betting is those you can make bets during the course of the match, odds are updated after each key situation.
Sometimes, prices change with seconds: a wicket or red card and a rain delay. Alternatively, other sites provide cash-out features which allow you to wager a smaller amount of guaranteed winnings early.
Live markets move fast. Handling the passive connections in live betting can cost money: late bet or hasty decision; that is why many veteran bettors have as a rule to plan before starting the match.
How to Read Odds
Odds reveal both how much one bet pays, and indirectly, what the bookmaker considers to be the relative likelihood that an outcome occurs.
Decimal odds are used for most international sites. Here’s a quick example:
- Stake: 100
- Odds: 2.50
- Net return Background: 250 (100 Stake +150 Profit)
So you can get a rough idea of the implied chance by doing 1/odds. That’s 1 ÷ 2.50 = 40%or at a two-spot of 2.50,
To that, bookmakers add a margin which is often called the overround. When you sum the implied probabilities over all possible outcomes in a market, you will get more than 100%. That gap is how the site earns profit in the long run.
Accumulators and Multiple Bets
An accumulator is when you add multiple selections to one bet, and all of those selections must win in order for the bet to pay.
That’s an alluring payout because the numbers multiply. But the danger is increasing as well. Five 60% picks only group about 8% of the time
Considered as entertainment, not a strategy for sustainable profits by most seasoned gamblers.
How to Choose Between Markets
It often is not the biggest payout that may be the best market, but one you know more about.
Here are some simple questions to ask yourself prior to placing a bet
- What is the sport and these specific teams am I familiar with?
- Ask yourselfHow do I really know how this market settles?
- What if the match is abandoned or rescheduled?
- Can I afford to lose this stake?
Check any market rules section Terms of settlement for extra time and tied results, as well as abandoned matches, vary from site to site—resulting in most disputes.
Responsible Betting
Betting will almost never work as income or a way to get back money you lost, it works best as a paid hobby with a set limit.
- Allocate a monthly spend and consider it spent already.
- Don’t go after your losses by betting bigger.
- Break the sessions down and take breaks in between.
- If any one of those things happen, STOP betting.
If playing has gotten out of hand, speak to someone close to you and call a counselling or support service.
The Legality of Sports Betting in Nepal
More important than any odds table, though, is this part. Under present laws, gambling is not allowed for the public in Nepal according to the Public Offence Act. All licensed casinos have made their way into the business purely as a physical location, and mostly within hotels targeted towards people visiting from external countries, but to my knowledge, there isn’t a licensing avenue for online sportsbooks targeting anyone in Nepal. The authorities have also been shutting down online betting sites in previous years.
FAQs
What are sports betting markets?
Sports betting markets are essentially the different available outcomes that you can place bets on from one individual event. These consist of Match winner, Goals/runs in total, Handicaps and players performance. Each market is priced with bookmakers, and all markets are settled uniquely.
What are the most common types of betting markets?
In terms of types of bets, these usually include match result (1X2 or moneyline), over/under totals, handicaps, both teams to score and outrights. Then in cricket you will also see top bat, total runs and toss markets. For example, Matched outcome is the easiest to understand so it is usually where beginners will start.
What does over/under mean in betting?
Over/UnderSimply put, you bet on whether a stat (goals/runs/points) ends up above or below the line set for that statistic. If the line, however, is 2.5 goals, “over” wins with three or more goals scored. When it is two or fewer, under wins. The half-point prevents ties.
How do decimal odds work?
Decimal odds are more transparent in that they display your total returns per unit staked. The odds are 2.50, thus a return of 250 on a 100 stake plus your original stake resulting in a 150 profit (or sometimes referred to as 150 net win). The implied probability is equal to 1 divided by the odds: so 2.50 suggests a price of around 40%.
What’s the difference between pre-match and live betting?
PreMatch betting is done prior to the event, with placed odds frozen until starting time. Live betting occurs during the contest, and after every significant moment, the odds change. Live markets are quicker and generally have lower limits, therefore require a faster response time and greater stick to your inner discipline.
Is sports betting legal in Nepal?
However, under current regulations, nope: gambling (for the average public) is illegal in Nepal and licensed casinos are restricted to on-site locations—mostly for tourists. Blocking of internet gambling sites The law is necessarily changeable and dynamic, therefore please verify with an accredited legal practitioner.