3-Way Handicap In Soccer Betting
When it comes to soccer betting, several matches take place all the time, where the participating teams aren't evenly matched. Every now and again, a top-flight club meets a clear underdog, and the outcome couldn't be more one-sided - Juventus Vs. Chievo, Barcelona Vs. Levante, you know how the story goes. With fixtures such as these, predicting the winning team is easy, so picking a team to bet on is straightforward.
So bookmakers have devised a way to make things more interesting - handicap betting.
What Is Handicap Betting?
Handicap bets are a famous market across all sports, especially in soccer betting. Mostly it evens out the playing field. The bookmaker “handicaps” the favorite team, giving them a disadvantage and the underdog a head start, which makes picking a team to bet on all that more difficult. It isn't enough that the favorite wins the match, they have to score a certain number of goals predetermined by the bookmaker for your wager to be profitable if you bet on them. For the underdog to come out on top, all they have to is win, or lose by a certain margin.
There are two types of handicap bets - two-way handicap betting, also known as the Asian handicap, and three-way handicap betting, also known as the European handicap. (Understand all betting types in the market with this infographic)
What Is A Three-Way Handicap?
Three-way handicap betting or the European Handicap is a more interesting take on the traditional 1X2 market.
You can place a bet on the stronger team, who have been handicapped by a goal disadvantage, or you can wager on the weaker team, who have been given a goal advantage, and you even have the option to put your money on a draw, a choice you don't have with Asian handicap betting. Here's an example of putting things in perspective.
1: PSG (-2) – 1.55X: Draw (-2) – 3.452: Monaco (+2) – 3.90
In this case, Paris Saint Germain is the superior team, so they've been allotted a -2 handicap. If you were to bet on them, they would have to win this match by 2 or more goals for you to make a profit. If you were to put your money on a draw, PSG would have to win by two goals. If you bet on the underdog, Monaco, who have been given a positive handicap, they must either win, draw the match, or lose by one goal for you to win the bet.