Sports betting is known to be one of the most famous types of bets and why not? It is a broad type of betting game. The term sports include all types of sports which mean any sport can be turned into betting. Be it cricket, basketball, or baseball, there is room for everyone and that’s why more and more people are entering the world of sports betting as they can bet on their favorite sport.
Sports and betting both are very intense and exciting as no one knows what result is going to come out and combining both of them means a perfect source of entertainment. But this game is not just for entertainment as many people are paying their bills by playing gambling games and that’s why for some people it is really important to win. This need results in new ways of betting that can increase the chances of winning. And one such betting strategy or way is the 2-way bet. If you are hearing about this for the first time then don’t worry as we are going to describe this bet.
Must be wondering what is a 2-way bet, right? It is the simplest way of sports betting and the reason behind this is that 2-way gives you 2 different results out of which you can choose one. Today we will be discussing 2-way betting as it is very useful for sports gamblers. And also you should know about those strategies that can increase the chances of your win.
What is a 2-way bet?
As the name suggests, this way of betting lets you have 2 results of the sports betting. In simple words, there are two possible results of the same betting. For example, choose any sport like tennis. There is one player who becomes the winner and the other one is obviously the loser. These names there are two results out of which you can choose one. This one is a good example of a 2-way bet: either player A will be a winner or player B will be the fortunate one and this means your chances of winning are 50-50. However, since there are only two potential outcomes, the bookmakers react to this with lower betting odds than those offered for events with more than two potential outcomes. If you decide to place your bet on a longshot, even 2-way bets can prove to be highly beneficial.
What are typical 2-way bets?
Mostly you will find 2-way bets for the sports with no chance of a draw. This means there are only two possible results and not a third one that could be a draw or anything else. That’s why tennis is the best example and volleyball could be considered as a good example. This is the best type of winning strategy or betting strategy for every sport that only has two potential outcomes. This can also include bets associated with questions like ” Will more or less than 1.5 goals be scored in a given football match?” The questions have only two options of answers and that are yes or no like “Will a goal be scored in the first 15 minutes?” Let’s take an example where you have to decide if Germany is going to make it to the semifinals of the world cup or not, here too we have two possible results that are: Either the sports team is going to the semifinals or it is not. There is no in-between.
What should you bear in mind when considering a 2-way bet?
We would like to tell you that you should be careful while considering a “supposed” 2-way bet. What do we mean by that? Most of the time, we think that ice hockey and basketball are ideal games where you can place 2-way bets as after overtime or a penalty shootout, there are only one winner and one loser. But in case you bet on the score at the end of regular time, you might also see a tie taking place and you probably never thought of it. That’s why before placing a 2-way bet, you should first double-check the possibility of numbers of outcomes. This same goes for the knockout matches in football. You have to check if the bet and/or odds apply to the score after 90 minutes, 120 minutes, or potentially even after a penalty shoot-out. In case you bet on who will ultimately come out on top in an elimination match-up, this will be a two-way bet.
Is it possible to bet on both outcomes of a 2-way bet?
The simple answer is yes! Just imagine you placed your bet through two different bookings. This obviously means that you would require accounts with multiple bookmakers. This could only be beneficial if you notice major discrepancies in the odds offered by the various bookies. You would chalk up fixed winnings in case the odds for one of the outcomes are 2.00 or more. Below is one example (purely theoretical).
- Tennis: Alexander Zverev versus Dominic Thiem
- Bookmaker A: odds for a Zverev win 2.10
- Bookmaker B: odds for a Thiem win 2.30
If you place a bet of €10 with every bookmarked, you would be able to count assured winnings of either 1 or 3 euros. This is a scenario where you have to spend a lot of time hunting for, and may be investing a lot of effort for only a minimal prize.
Is it possible to combine 2-way bets with each other?
You can put together combo bets also if you wish to do so- regardless of the type of bet you want to go for, betting chances or sport. It does make a huge difference if those bets include 2-way or 3-way bets. You need to keep this in mind that combining both the results of a single event is not possible.
These were some of the main things that you needed to know about 2-way betting (also spelled as 양방배팅). Now when you know, you can keep this betting type in your mind and it will help you next time.