Penalties are unpredictable events that can dramatically impact the outcome of a match. It makes them an enticing option for bettors looking for excitement and potential profit. However, like any form of sports betting, betting on penalties has upsides and risks.
This article will help you navigate the dynamics of penalty wagers, covering the following key areas:
- How do penalty wagers work?
- Most popular penalty wager markets
- Tips and tricks for penalties wagers
- Pros and cons of wagering on penalties, etc.
How Does Betting on Penalties Work?
Penalty betting involves making predictions around penalties in a game or penalty shootouts. You can predict whether a penalty kick will be awarded or which players will take the penalty. You can also bet on whether the penalty will result in a goal or on any other penalty betting market of your choice.
Penalty wagers are especially common in football (soccer). The market is available at most sportsbooks, and the odds depend on factors like the teams, players, and how likely fouls are.
How to Place a Penalty-Awarded Bet
Here is a step-by-step guide to placing a penalty wager:
- Choose a reputable betting platform that offers penalty-awarded betting options.
- Select the match you want to bet on and identify your preferred penalty bet market.
- Assess the odds provided for penalty wagers, considering factors such as team form, player tendencies, and referee tendencies.
- Enter the amount you wish to bet on the chosen bet market and confirm your bet.
- If a penalty prediction is correct, you will receive your winnings based on the odds offered when placing the bet.
Most Popular Penalty Betting Markets
Penalty-related markets have become integral to football, where penalties significantly influence game outcomes. Here are some of the most popular penalty betting markets you’ll encounter from bookmakers.
Penalty to Be Awarded
It involves betting on whether a penalty will be awarded during a match. It is the most straightforward penalty-related betting market, so it’s the most popular. It’s best used in games featuring teams with aggressive attacking strategies or historically prone to conceding penalties.
Penalty to Be Scored
In this market, you’re wagering on whether a penalty kick, if awarded, will result in a goal. This option carries more risk than betting on whether a penalty will be awarded, which means relatively higher odds. Betting penalties in this market is best when a match features proficient penalty-takers or goalkeepers with a weak penalty-saving record.
First Goal from the Penalty Spot
Here, you’re predicting that the first goal in the match will be scored from a penalty kick. This choice often comes with high odds due to its risky nature. Hence, it appeals to bettors seeking significant returns with small wagers. The market is most effective in important matches where early penalties are expected, or a team has a strong history of scoring from penalties.
Home and Away Penalty Goals
Betting on penalties in the home and away penalty goals market means backing both home and away teams to score from the penalty spot in a match. While it offers the potential for big payouts, it’s a risky bet with a low chance of winning. If you’ll bet on it, it is advisable only to place small wagers on this option.
Multiple Penalties in a Game
In this option, you predict that at least two penalties will be given in a match. It’s a good bet for games between fierce rivals or matches with weak defenses. It is also ideal for matches officiated by referees with a history of awarding multiple penalties.
To Qualify or to Be Eliminated
This market is only available in knockout competitions. It is a penalty shootout bet that involves wagering on whether a team will qualify for the next round of a competition or be knocked out via penalties.
Total Number of Penalties Taken
This market lets bettors predict how many penalties will be taken during a penalty shootout. It involves betting on whether the actual number of penalties taken will be higher (Over) or lower (Under) than a specified number set by the bookmaker. Analyzing past shootout performances, team strategies, and other relevant factors is essential to make informed predictions in this market.
Anytime Penalty Taker
To bet penalties on this market involves predicting a specific player to take a penalty at any point during a penalty shootout. This option is best used when a team has a designated penalty taker.
Correct Score
With this option, you’re predicting the final scoreline of a penalty shootout. Bettors can choose from a range of possible score lines, such as 3-2, 4-3, or 5-4, depending on what the sportsbook offers.
Where to Bet on Penalties
Selecting the right bookmaker is essential for a rewarding and enjoyable betting experience when you want to bet on penalties. Here are some popular bookmakers known for offering comprehensive penalty wagering options:
Bet365
Bet365 offers a variety of penalty-related betting markets. To access these markets, go to the football section of the platform and explore the available penalty-related betting choices. Bet365 is a top choice for bettors interested in placing penalty wagers. It is known for its comprehensive sports coverage and having one of the best odds for a penalty-awarded bet.
William Hill
William Hill is another reputable option for penalty wagers. The platform also offers a wide variety of betting markets. These include penalties to be awarded, scoring, correct scores involving penalties, etc. To place a bet, visit the William Hill website or app, go to the football section, and explore the penalty-related betting choices available.
Betfred
Betfred also offers a variety of options, including a penalty to be awarded, penalty shootout betting, etc. To place a wager, visit the Betfred website or app and explore the football betting section. Then, locate penalty-related betting opportunities through the main menu or search function.
Betfair
Alongside its innovative exchange betting feature, Betfair offers various penalty-related markets. These include penalties to be awarded, scoring, and correct scores involving penalties. The platform offers other exciting betting options, like the corner betting system.
Tips and Tricks for Penalty Betting
While the penalty betting market is highly unpredictable, certain strategies can increase your chances of success. The practical tips below will help you place more winning penalty wagers.
| Tips |
Explanation |
| 💡 Penalty Probability |
To make smart penalty wagers, you must first assess the likelihood of a penalty being awarded. Do this by considering essential factors like team styles, past penalty records, and match importance. Additionally, analyze how often each team gets penalties and their playing strategies. Understanding these factors helps you find good opportunities to place a winning penalty-awarded bet. |
| 💡 Follow the Referees |
Pay attention to the officiating referee’s history with penalty calls, discipline, and foul interpretations. Referees play a significant role in penalty decisions, so knowing their tendencies helps you predict penalty situations and adjust your bets accordingly. |
| 💡 Prioritize Matches with VAR |
VAR enhances the fairness and accuracy of match officiating, and its introduction has led to more penalties being awarded. Therefore, when placing a penalty-awarded bet, it is logical to prioritize matches that utilize the technology. |
| 💡 Team Motivation |
It is also essential to consider the psychological and motivational factors influencing teams. These include their position in the league table, recent results, rivalry with the opponent, etc. Motivated teams are more likely to take risks and push for goals. It increases the likelihood of penalty incidents, providing opportunities for penalty wagers. |
| 💡 Performance Gap |
Identifying performance gaps can help you predict which team is more likely to concede or be awarded penalties. Focusing on the strengths and weaknesses of both teams in defense and attack. Let`s say you want to bet penalty wagers in a match where one team is significantly stronger. In that case, you should note that the better team will likely dominate play, increasing their chances of winning penalties. |
| 💡 The Frequency of Penalties Being Awarded |
Look at past matches and trends to see how often penalties are awarded in certain leagues, competitions, or matchups. Analyze past games involving the teams in question to gauge the likelihood of penalty incidents. Recognizing these patterns helps you make better choices and find opportunities for penalty-related wagers. |
Pros and Cons of Betting on Penalties
Wagering on penalties in football carries both benefits and drawbacks. Let’s consider its pros and cons:
| PROS |
CONS |
- Specialization: Football bettors focusing on penalty markets can develop expertise in analyzing player behavior, referee decisions, and team tactics. This expertise can lead to more accurate predictions.
- Excitement: Penalty wagers bring an extra layer of excitement as bettors predict specific moments in a match, adding to the thrill of the game.
- Potential for high returns: Some penalty-related betting markets offer high odds, providing the opportunity for significant returns on successful bets
- Multiple betting markets: There are various penalty-related markets to choose from. The biggest betting sites offer unique options like the “to score from outside the penalty area bet.” It provides bettors with various options to suit their preferences and strategies.
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- Uncertainty: Penalty incidents are infrequent in matches. It makes penalty-related betting markets more uncertain and unpredictable than other game aspects.
- High risks: Penalty-related bets are risky due to the rarity and uncertainty of penalties. This results in a low probability of winning.
- Dependency on referee decisions: Penalty decisions often rely on subjective judgments made by referees. Factors like player reactions and match context can also influence it. It often results in frustration for bettors when decisions seem inconsistent or controversial.
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Final Words
Betting on penalties provides bettors and sports enthusiasts an exhilarating way to engage with their favorite teams and players. The market also offers relatively high odds compared to traditional wagers. However, it is essential to be mindful of the challenges, such as high uncertainty and inconsistent referee decisions.
Success in penalty-related wagering involves using specific strategies to capitalize on opportunities. You can increase your chances of winning by conducting in-depth research on penalty likelihood, team and player factors, and referee tendencies.
