1X2 betting is also referred to as three-way betting, and gives bettors the option back or lay a home win, draw, or away win. This method of betting is very popular on football and any other sport where there is a possibility of a draw. To easily explain the formatting the (1) refers to the home team winning, the (X) refers to the draw, and the (2) resembles odds for the away team to win. Throughout the concise article we will go more in depth about 1X2 betting markets and how to find value in this form of wagering.
Minus the bookmaker margin or exchange commission 1X2 betting aims to reflect the true odds of every possible outcome in a given match. Unlike Asian Handicap betting or totals betting, 1X2 betting doesn’t try and manipulate the perceived quality between the teams through evening out the difference by the provided odds.
We will use a match being played in Madrid where Real Madrid is facing Liverpool for our 1X2 betting example.
The odds provided by LeoVegas were:
You appreciated the odds offered for Liverpool and chose to place a $100 bet on the Red Devils. In the case of the bet winning, you would receive a payout of $289 minus the bookmakers exchange fee. Accumulating a profit of $189.