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A 1×2 bet is the most common and simplest bet made in sports betting. In this type of bet, you will wager on one of three possible outcomes. The outcomes you can wager on are home win, draw or away win. It is a very simple way to bet on football or any other sport. But if you are not familiar with the terminology, it can be difficult grasp. Some websites or bet shops may have a different name for the 1×2 bet. The bet could be called a full-time result bet, match betting or three-way bet.
How does the 1×2 bet work?
The 1×2 bet is very simple. You can only select one of three possible outcomes to a match: a home win, draw or away win. For example, Manchester United play Liverpool at Old Trafford in the Premier League. You wager £10 on the home team (Manchester United) to win. The Red Devils are successful in beating Liverpool, which means your bet wins. If any other outcome had occurred (i.e. a Liverpool win or draw) then your bet would have lost.
Let us look more closely at this example. Some coupons or websites may look like this:
Manchester United vs. Liverpool: 1×2
In this example, the 1 represents a home win, the x represents a draw and the 2 is for the away win.
Football uses the 1×2 bet regularly. However, there are other sports that also use the bet.
The Double chance bet
The double chance bet takes the 1×2 bet and adds a twist to it. You can select either a home win or draw, an away win or draw, or a home win or away win outcome. Does it sound confusing?.
In this bet, you have three possible outcomes. Let us look at an example.
Manchester United vs. Liverpool
- Manchester United win or draw
- Liverpool win or draw
- Manchester United win or Liverpool win
The double chance bet gives you two chances of winning. However, the biggest difference is the odds will be lower than the traditional 1×2 bet.
In our example, you wager £10 on Manchester United home win or draw. The match ends in a 3-3 goal-fest. Manchester United did not win, but that doesn't mean you lost the bet. Because you selected a Manchester United win or draw, that means you still win the bet. By choosing this bet, you covered two of the possible outcomes. The only outcome not covered was a Liverpool win.
Now that you know more about the 1×2 bet, have a punt on a football match with your favourite sportsbook. You will probably find most of your bets are wagered using the 1×2 bet.