So, I am currently in amazing South Korea for a nursing assignment and talk about a culture shock. Needless to say, in order to adjust, I have to adapt to the culture and the best way to do it is thru sports. In my case it is sports betting on soccer. Soccer is the second most popular sport in South Korea after baseball with close to 3 million fans.
Like any other country, they have they own professional league which is known as the K League 1. The league is made up of 12 profession football teams with 33 regular rounds. In my Guide to K-League 1 Soccer Betting will teach you how to bet on it.
For many football fans, football betting seems like a fun but difficult hobby to understand. This is because reading and understanding soccer odds for the first time may seem daunting. However, that is far from the truth and are actually fairly easy to understand.
Let’s find out how with my soccer betting tutorial!
Guide to K League 1 Soccer Betting – Understanding 3-Way Money Lines
In order to understand soccer betting odds, you need to understand the basis of soccer. Soccer is generally a low-scoring sport made up of 2 45- minute halves. Furthermore, overtime in a match is only seen in knockout or elimination tournament games.
Understanding MoneyLine Betting Odds - The moneyline is the most basic way to bet on football or any sport. This is because you simply have to pick a winner from a set of odds for each side. The betting odds are of course made depending on the probability of winning the game for each team.
For those interest in how betting odds are made, I recommend reading this article on how bookies make money from setting odds.
3-Way MoneyLine – According to bookie pay per head data, soccer is low-scoring and often ends in a draw. Therefore, the three-way moneyline is the most popular method to bet on football as it includes the ability to bet on a draw.
Simply said, three-way moneyline gives soccer bettors three options to wager on: either side or a draw match.
Example of a 3-Way Money Line
|
Team |
Odds |
|
Suwon Samsung Bluewings |
+200 |
|
Draw |
+150 |
|
Jeonbuk Hyundai Motors |
-110 |
In this example, Jeonbuk Hyundai Motors is the favorite to win the match against the Bluewings. However, to bet Jeonbuk Hyundai Motors, the gambler must wager $110 to win $100. On the other hand, since it the probability for the Bluewings to win are not good, the odds are better. This means you can bet $100 to win $200. Furthermore, the same applies when betting on a draw.
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