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 Horse Racing
• What Does Pk Stand For In Sports Betting

Asian Handicap – An alternative way to bet soccer where the better team is “handicapped” to be the favorite. This form of betting was started in Asia. Backdoor Cover – This is a popular term for a team that covers a point spread late in a game. Pk does not mean pick. It is a 'draw no bet' type of wager.1/2 of course means that that particular team needs to win by at least 1 pt to cover bet amount is separated - half goes to pk. Looking for online definition of PK or what PK stands for? PK is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary. Boxed bet: Boxing a bet means to cover all possible combinations of finish for multiple horses. If you want to box an exacta, you would bet that Horse A wins and Horse B places, and also that Horse B wins and Horse A places. In other words, you think those two horses will finish first and second, but you're not sure in what order.

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.

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

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.

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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.

Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.

The Point Spread: Betting the spread

For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.

Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.

It’s not a matter of a team winning or losing like in a moneyline bet.

For a favorite: The favorite must win by more than the point spread.For an underdog: The underdog must outright win OR lose by fewer than the point spread.

Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.

The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.

For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” 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 by. 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. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.

The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.

What Does Pk Stand For In Betting Horse Racing

What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.

What Does Pk Stand For In Sports Betting

For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.