There are many ways to bet on the football you can make one-off bets, season accumulators and a plethora of other choices, but arguably one of the most popular forms of gambling is pool betting. If you are new to the whole gambling experience, you may be confused by the differences between standard odds betting and pools betting, however here is a break down of each one and some tips to get you started.To help our examples, let us use a standard football match as an example, say Chelsea vs. Manchester United. Now, conventional betting would see you placing an amount on the odds provided by the bookmaker. This can be done a number of ways, either face-to-face, over the phone or online. Odds are set by the bookmaker's perception of the outcome and can rise or fall depending on a number of issues, such as who is playing, whether the match is home or away and a host of other factors. If the odds get longer, this is known as 'drifting out' and can also be affected by the amoun t of bets that the bookie is receiving and whether they are at risk of losing a large amount of money. If shortening the odds does not protect the bookmaker sufficiently, then they may add further insurance by placing bets of their own with other bookies so as to offset their own losses. Essentially, this means that it is often within your interests to place a bet when the odds are first available as they will often be the most generous or most realistic. This is known as odds betting and comes with the added advantage of you knowing what the payout will be ahead of time once you place your bet. In a football match, there are four outcomes for a match win, lose and two types of draw score and no-score.
Instead of a single bet on a single match, football pools see you betting that a set of matches will return a certain result. Out of the 49 matches, this can include a certain number of home wins, draws or away wins. As the odds are not fixed at the start of the pools, they can be even longer, resulting in larger winnings.
What are the chances of winning the football pools?
While the odds of correctly predicting a single correct line of results may be high (over 450,000,000 to 1), the low cost for each bet, plus some careful analysis makes it possible to see a decent return. In fact some players often get the odds down to around 3/1.The main drawback of football pools is that your winnings are completely dependant on how much has been staked by other punters, as well as the number of correct draws on your coupon. Compared to single odds betting, it can be a bit more unpredictable, but the awards can be more lucrative.
As a result, many people choose to play the football pools and winners are seen on a regular basis, but this has not affected the popularity of odds betting that is particularly ideal for those favouring specific teams or matches.
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