Betting on football can take various different formats, some have high risks and potentially enable you to win lots, some are less risky but with these you are less prone to win as much. Researching the market to make sure you determine what you are betting on and that you understand the betting terms is very important as it’s going to help you understand your prospects of winning.
Below are some of the different types of bet which are available to you:

A win bet will be the simplest form of betting, you bet on something definitive and positive to happen. For example Team A to win the game. This could apply to championships as well as matches of-course.

An each way bet is where you make two predictions. One for somebody to win, and one for them to nearly win. This is more applicable to aspects such as horse racing where there are actually more than two potential winners so you might place an each way bet for horse A to win or to place.

A lay bet is in which you bet on something to lose. So if you lay a team, you are betting that they won’t win.

An accumulator bet is in which you make a series of bets and if each one goes the way you want it to, your stake plus the winnings from each element of the bet are put forward onto the next bet. This really is how many people manage to turn an extremely small stake in to a large winning.

Looking at the type of your team is extremely important which ever sort of bet you are looking at placing, as is looking at what has happened to their players. Whenever they happen to be having a winning streak it might look good at first glance, but if they are star player got injured within their last match and is out for the rest of the season then the bet for them to win might not be as good as it looks at first glance.

It is also vital to think about the amount you may afford to lose as well. Being confident that you’ve made all the right choices is great, but there is still a chance that you might get it wrong and so it is vital to make sure that you aren’t risking more than you can afford to whenever you decide on your stake (A stake will be the amount that you risk losing when you place the bet).

Odds will vary determined by the type of bet you are placing and also on the previous type of the team or player you are betting on. A team that is doing well is going to elicit odds that are not as good as a team that is say lost all it’s matches so far this season. It’s going to also partly depend on the team they’re playing against, and also the status of all their players also, sports bookie (had me going) the rationale because of this is that they may be more likely to have to pay you if you bet on a team that’s more likely to win so the odds will be closer to the evens or 2/1 end of the scale, where as a team that’s not been doing well and has it’s star player out of action and is playing against a team that is top of the league is a lot less likely to win therefore you may improve odds if you bet on them to win.