Next toAsian Handicap and Over/Under odds are so popular, European odds or 1×2 bets are also considered one of three attractive, popular bet types and are always present in the betting tables of top sports such as soccer, basketball, tennis, horse racing, car racing… European odds are often listed by bookmakers along with odds before the match takes place. This type of 1×2 bet only focuses on the result of Win – Draw – Loss without paying attention to the score of the match.
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European odds and how to recognize them?
European odds are briefly written as 1X2. So when looking at the betting table, if any column says 1X2, it is a European bet. This type of 1×2 3-way bet is very simple and easy to understand, because it only offers 3 possibilities for players to choose from, which are Win – Draw – Lose.
| 1 | X | 2 |
| Team 1 wins | Draw (both teams draw) | Team 2 wins |
Team 1 is usually the home team and team 2 is usually the away team.
Looking at the betting table above, we can see that this type of bet usually has only two variations:
- The blue boxed part is the European odds (FT 1X2) that apply to the whole match. For football, it is 90 minutes + injury time, if any. Note that this bet does not include extra time or penalty shootouts.
- The yellow boxed part is a European bet (1H 1X2) that only counts the first half. The playing time for each half in soccer is 45 minutes + a few minutes of overtime if any.
What is the winning % when placing European bets, betting 1×2?
According to statistical probability mathematics, the winning rate will be divided equally among 3 doors: Win – Draw – Lose. Thus, each door will have a winning rate of 33,333%. If you bet on 2 bets (for example, bet on column number 1 for the home team to win and bet on column X for a draw), then you have a 66.666% chance of winning. Note, never book all 3 doors if you don’t want to lose money on fees.
In the first line of the betting table we see a match between the two teams Portland Timbers – Los Angeles FC. The red frame is the European odds applied to the first half. The black frame is the European odds payout rate applied to the entire match.
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1×2 1st half odds:
- Odds of 4.50 are applied to payout if Portland Timbers win in the first half.
- Odds of 1.47 are applied to payout if the two teams draw in the first half.
- Odds of 5.10 are applied to payout if Los Angeles FC wins in the first half
In this bet, if you bet on Los Angeles FC to win, you can win up to 5.10 times the bet amount. For example, bet 100k if Los Angeles FC wins in the first half, you will be paid 510k. If you do not know about soccer betting odds, please refer here:
What Are the Odds in Betting?
Full-time 1×2 odds:
- Odds of 2.37 are applied to payout if Portland Timbers win after the match ends.
- Odds 2.93 is applied to payout if the two teams are tied after the match ends.
- Odds 3.15 applies to payout if Los Angeles FC wins after the match ends.
It’s easy to see, betting on a draw or betting on Los Angeles FC to win will give you a higher payout rate, but a high payout ratio means a lower probability of winning.
