Betting on Penalties

Betting on Penalties

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:

  1. Choose a reputable betting platform that offers penalty-awarded betting options.
  2. Select the match you want to bet on and identify your preferred penalty bet market.
  3. Assess the odds provided for penalty wagers, considering factors such as team form, player tendencies, and referee tendencies.
  4. Enter the amount you wish to bet on the chosen bet market and confirm your bet.
  5. If a penalty prediction is correct, you will receive your winnings based on the odds offered when placing the bet.

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 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.

bet365 Review

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 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.

Betfred Review


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:

  • 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.
  • 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.

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.

Frequently Asked Questions

  • Can you bet on penalties?
    Yes, there are a variety of penalty betting markets you can bet on. For example, you can bet on whether a penalty will be awarded during a match, whether a penalty will be scored, and which team will score the first penalty. Top bookmakers also offer many other penalty-related markets.
  • What is the penalty awarded for a bet?
    A penalty-awarded bet is a type of bet where you predict whether a penalty will be given during a match. To win this bet, the referee must award a penalty kick to either team for a foul committed in the penalty area.
  • Do penalty shootout goals count in betting?
    There are specific betting markets where penalty shootout goals count. It includes when you bet on a team to qualify or to be eliminated via penalty shootouts. However, it is essential to note that penalty shootouts and extra-time results do not count in regular betting markets.
  • How do penalty shootouts affect a draw no bet?
    In “draw no bet” betting, the penalty shootout result doesn’t matter. Only the outcome at the end of regular time counts. If the match goes to a shootout after a draw, the bet is determined by the score at the end of standard time.
  • How often do favorites win the penalty shootout?
    Historically, favorites win penalty shootouts more often due to their superior skill and experience. However, team form, player confidence, and the moment’s pressure also affect penalty shootout outcomes. Underdogs can also perform unexpectedly well due to momentum, motivation, and goalkeeper performance.
  • What is the average conversion rate of penalties in football?
    Penalty conversion rates in football typically range from 75% to 80%. However, this can vary due to player skill, goalkeeper ability, and match pressure. Skilled penalty takers have higher success rates, while goalkeeper performance and the importance of the match also play a role.
  • Which football league has the highest percentage of awarded penalties?
    The football league with the most awarded penalties can change each season, influenced by referee decisions, player conduct, competitiveness, etc. For instance, in the 21/22 season, the Turkish Super Lig had the highest number of penalties. In comparison, the Belgian Jupiler Pro League led in the 22/23 season.
  • Does a penalty shootout count as a win in betting?
    Penalty shootouts do not count in regular betting markets, including 1×2, over/under goals, BTTS, etc. However, penalty shootout results count in markets such as “team to qualify for next round. Also, some bookmakers provide betting markets dedicated to extra time and penalty shootouts as part of their range of proposition (prop) bets. Always check the specific rules of the betting market and the bookmaker’s terms and conditions.
  • What are the outcomes of a penalty shootout?
    The outcomes of a penalty shootout are usually a win and a loss. Penalty shootouts are usually played till one of the competing teams wins. In most competitions, specifically knockout tournaments, the winner of a penalty shootout advances to the next stage or is declared the winner of the match.
  • Do award penalties count as a win?
    Yes, awarded penalties count as a win. While penalty shootouts don’t apply to most traditional markets, awarded penalty goals are considered part of the regular playtime results.
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    Rebecca E
    Writer & Media

    Rebecca is a Liverpool gal and a big fan of the club. She likes nothing more than sharing tips and predictions on sports betting. Her other favorite sports include horse racing, snooker, and golf. Rebecca is in charge of writing and media at BetZillion. You can thank her for making our articles look so great.

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