Betting Markets Explained – A Guide to Online Betting

By Simon

When it comes to betting on your favourite sports punters should be aware of some of the most popular bet types and what they mean. If you are betting on Soccer, Rugby, Horse Racing or even lucky numbers it is important for you to know exactly what each bet means and how different bet types work.

Each bet has it’s own meaning and if you are not careful you could end up betting on something that you don’t quite understand, which is bad news for any punter!

Sports Betting Types and Markets Explained

We’ve listed some of the most popular markets below with a brief explanation of each. You’ll find that most of the markets mentioned apply to Soccer and Rugby, as well as many other sports.

Most sports betting websites have guides explaining the different bet types, so if you find one that you are not sure about have a look for a guide on the bookmaker’s site. The following markets are available at most betting sites in South Africa.

Multiples / Multiple Bets

Combine selections from two or more events in a bet which offers a greater return/payout, e.g. doubles, trebles, quads, etc. For example, including both Arsenal and Manchester United to win in a ticket is called a multiple bet.

Double Chance

Combines the win and draw for a particular team in a soccer match (90 minutes). For example, if you bet on Manchester United Double chance you are betting on Manchester United winning or drawing the match.

Over / Under Goals

Bet on more or less than a defined number of goals scored e.g. 2 ½ goals – more than 2 ½ or less than 2 ½ goals are scored in a match (90 minutes). The most common Over/Under goals market is 2.5 goals.

To win an Over/Under bet your selection will need to have either more goals than the game had (Unders) or you can bet that a match will have lots of goals (overs).

Total Match Goals

Total accumulated goals scored in a soccer match (90 minutes).

Soccer and Rugby Handicap Betting Explained

Handicap betting on rugby and soccer aims to level the weaker side by giving them a certain number of points or goals before a game, in other words, a handicap. For example, in a rugby match, Team A is much stronger than Team B and is therefore set at very restricted or low odds to win the game.

To create interest in betting on the match, Team B would be given extra points prior to kick-off e.g. Team B gets a 12 point start and Team A gets a negative 12 point start. Betting on the game would show Team A at (-12 ½) and Team B at (+12 ½).

Team A needs to win by 13 points for a bet to win and Team B can lose by 12 points for the bet to be a winning bet (80 minutes). The odds on both teams will be the same.

The half-point eliminates the possibility of a tie on a handicap. For a soccer handicap bet, the weaker the team is given a start in a match by being allocated 1, 2 or 3 goals e.g. Team A (-1) goal and Team B (+1) goal.

Team A has to win by two goals or Team B has to draw or win by a goal or more (90 minutes). One goal scored by Team A would result in a draw on this particular handicap bet.

Half time/full time

Bet on the half time and full-time result of a rugby or soccer match i.e. the winner at half time and the winner at the final whistle (80 or 90 minutes respectively).

1st scoring play

Bet on either a try, penalty, drop goal or penalty try option for each team. In order for this bet to win your selection must be matched with the first points scored in a match. If you back 1st scoring play as a try and the first scoring play is a try then your bet will win.

1st try/goal scorer

The first rugby or soccer player to score the first try or goal in 80 or 90 minutes respectively.

Score predictions

You can bet on what you predict the final score will be in a soccer match (90 minutes).

Lucky Numbers Betting types

There are several different lucky numbers betting options available to punters who want to bet on lotto draws.

  • 1 Number: Select 1 number that will be drawn as part of the 7 balls drawn (6 balls + bonus ball).
  • 2 Numbers: Select 2 numbers that will be drawn as part of the 7 balls drawn (6 balls + bonus ball).
  • 3 Numbers: Select 3 numbers that will be drawn as part of the 7 balls drawn (6 balls + bonus ball).
  • 4 Numbers: Select 4 numbers that will be drawn as part of the 7 balls drawn (6 balls + bonus ball).

Bonus Ball Betting

  • Bonus Hi/Lo: Bet on the value of the bonus ball either being low (1-24) or high (26-49) with ball number 25 being a losing bet.
  • Bonus Ball Single: Bet on the value of the bonus ball being a single-digit number (1-9).
  • Bonus Ball Prediction: Bet on (predict) the actual value of the bonus ball drawn

Powerball Betting

  • 1 Number: Select 1 number that will be drawn as part of the 5 balls drawn (from grid one only).
  • 2 Numbers: Select 2 numbers that will be drawn as part of the 5 balls drawn (from grid one only).
  • 3 Numbers: Select 3 numbers that will be drawn as part of the 5 balls drawn (from grid one only).
  • 4 Numbers: Select 4 numbers that will be drawn as part of the 5 balls drawn (from grid one only).

More Powerball Bet Types

  • Powerball Hi/Lo: Bet on the value of the Powerball either being low (1-10) or high (11-20).
  • Powerball Prediction: Bet on (predict) the actual value of the Powerball.
  • Double (1 + 1) Select 1 number from the first grid (main grid) and 1 number from the second grid (Powerball grid).
  • Treble (2 + 1) Select 2 numbers from the first grid (main grid) and 1 number from the second grid (Powerball grid).
  • Quad (3 + 1) Select 3 numbers from the first grid (main grid) and 1 number from the second grid (Powerball grid).

Horse Racing Bet Types Guide

Horse racing has it’s very own set of unique bet types that most horse racing punters are familiar with. However, newer punters might not be up to date with the latest horse racing bet types, some of which we’ll cover below;

Win

Bet on a horse to finish 1st, 2nd, 3rd & 4th in a race, depending on the number of places the tote is paying (this will always be displayed).

Eachway

Captures a win and place a bet on the same horse in a race. In order for this bet to win the horse, you bet on needs to win the race.

Swinger

Pick two horses to finish in any order in the top 3 positions in a race. If 2 of your selected horses finish in the top 3 your bet will be a winner.

Exacta

Bet on the horses to finish 1st & 2nd in the exact (correct) order. For this bet to win you’ll need to back the exact order of the first 2 horses in a race. For example, you back Horse A and Horse B in an exacta. If Horse A and B both finish in the predicted order your bet will win, both horses will need to be correctly predicted though.

Double

Choose the winners of 2 consecutive races that are stipulated by the tab as double events. This bet is similar to a multiple bet on other sports.

Trifecta

Bet on the horses to finish 1st, 2nd & 3rd in the exact (correct) order.

Quartet

A quartet us a bet on the horses to finish 1st, 2nd & 3rd and 4th in the exact (correct) order. This is one of the hardest to win and usually has some high returns if you correctly predict the finishing order.

Pick 6

Choose the winners of all six races that comprise the Pick 6 (legs 1-6). One horse or more can be chosen in each of the 6 races.

Jackpot

Choose the winners of all 4 races that comprise the Jackpot (legs 1 to 4). One horse or more can be chosen in each of the 4 races.

Place accumulator

Choose a horse/s to run a place in each of the 7 races that comprise the Place Accumulator (legs 1 to 7). You can win the bet many times, e.g. you choose one horse in each of the legs 1 to 4 and two horses in each of legs 5, 6 and 7. If all choices finish in the first 3, the payout is won eight times (1x1x1x1x2x2x2 =8).

For more about online sports betting and casinos in South Africa, visit the Betting Guide homepage where you can find bookmaker reviews, promotions, betting tips and more. 

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