The British Football markets are among the most prestigious ones out there.
The English Premier League has the biggest number of top-quality levelled games in the world.
Unlike other European first divisions, the EPL is particularly interesting for bettors across the globe due to the quality of several clubs.
Let’s learn more about the most interesting betting markets for British bettors.
1×2 Football Betting Market – UK Leagues:
The 1×2 market is the most popular among UK bettors.
In this market, the gamblers try to guess whether the hosts or the visitors will win or if there will be a match draw.
There are different systems of odds that are mathematically equivalent: in the UK, the fractional odds system is very popular, but the decimal odds (a.k.a European odds) is a simpler system.
If you’re beginning to learn about sports betting, we suggest that you start to learn using decimal odds.
How to Bet Safely – Online Football Betting Guide
However, learning how to choose a bet and understand how odds work is just the first step.
You need to choose carefully where to bet.
In the UK, the online betting market is regulated by the UK Gambling Commission.
The UKGC is admired in the industry, and other governing bodies observe British practices in organizing their own gaming markets.
Websites that have a British license are trustworthy, but choosing the best website and apps in terms of customer service and promotions can be hard.
It’s always wise to check sites that analyse the current offerings and reputation of bookies to bet only on UK betting sites not on GamStop.
Example of Potential Betting Prizes – EPL 1X2 Market
Let’s have a look at real-life odds for an upcoming English Premier League game this weekend.
Chelsea (2.15) X (3.53) Manchester United (3.53)
In the upcoming game between The Blues and The Red Devils, the hosts are the favourites to win the game in the eyes of the betting market.
In this particular case, the average market odds for the match draw (X) and the victory of the visitors are the same, which is a rare case.
Let’s simulate the potential winnings for a £100 bet
Selection ‘1’ – Chelsea: 2.15 * £100 = £215 = (potential betting prize)
Selection X – Match Draw: 3.15 * £100 = £353 = (potential betting prize)
Selection ‘2’ – Victory of Man Utd = 3.15 * £100 = £353 = (potential betting prize)
As you can see, if you bet the same amount of money on the hosts, you would win less money if you win the bet.
The reason behind it is simple: the perceived chances of Chelsea winning the upcoming game are bigger than the Red Devils.
The ‘reward’ for the bet is proportional to the perceived risk.
