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Different Betting Types You Can Bet On In Asian Sports Bookies
Gambling and betting on sports have been a part of Asian cultures for eons, records even dating back to 5000 years ago. It’s safe to say that with today’s technological advancements and extensive range and variety of sporting events taking place both locally and internationally, this urge to wager money on sports predictions has only grown.
The sports betting industry in Asia currently accounts for billions of pounds each year. What this generally indicates is that these Asian communities function on larger bets and much more competitive prices. So much so that these Asian gambling sites even operate on a much lower margin than their European counterparts.
One common factor between Asian and European markets is the popularity of betting on soccer. Soccer betting dominates the gambling space by being one of the highest revenue-generating betting industries. Some experts even predict that once the legalization of sports betting goes through, it is likely to replace poker as the number one gambling activity in Asian markets.
Why should you choose Asian Sportsbooks?
Bettors outside of Asia have several advantages of using Asian sportsbooks. Here are some of the benefits of choosing an Asian sportsbook over other providers online:
- When it comes to variety in choosing sports to bet on, Asian markets have many endless options–football, handball, volleyball, hockey, basketball and other sports, you name it. Members also have access to odds from country-specific sports such as muay-tai leagues in Thailand.
- Due to the rising demand for sports wagering, major Asian bookmakers in Asia offer lower prices and significant liquidity on almost every game for soccer; no matter how obscure the league or division is.
- In addition to the primary standard bet on the outcome of the match, bettors can also make several side bets. Bets such as the number of goals, the number of corners, cards, first goal scorers, and of course, play on the Asian Handicap.
Types of Asian Sportsbooks
As more and more bettors explore inroads into the Asian sports betting market, they seek to benefit from the liquidity for big bets while simultaneously gaining exposure to an elite community of professional bettors. Here are the three most popular betting types for Asian sportsbooks:
1. Asian Handicap
One of the most common types of bets placed on sports via Asian platforms is the Asian Handicap, which originated in Asia. It lets a punter eliminate the consequences in case the game ends in a draw. The term ‘handicap’ means to give one team a virtual lead before the game starts.
The most significant advantage of the Asian Handicap is that it reduces the possible number of outcomes to just 2, by eliminating the draw outcome. This way, the two betting options, each have a near 50% chance of success. Because of these advantages, this form of bet has become highly popular not only in Asia but also in many parts of Europe. Handicap betting applies to several sporting fields, even the NFL and several Hockey leagues, whereas Asian handicaps are very popular in soccer.
2. Total Goals
Most of the sports featured in Asian sportsbooks rely quite heavily on the points spread and moneylines. Total Goals betting is a betting strategy referred to as a totals bet. This total is about the combined score of both teams. Oddsmakers predict the outcomes of these totals and set the total on the sportsbook. Bettors would then have to judge whether the actual total would be over or under that number based on the scoring perspective of both teams.
Usually, total betting lines will end with a half-point, but there are cases in which the oddsmaker will predict the score as a whole number. Some bettors believe that betting on an overall number is more advantageous than betting on half because that would protect them from losing the wager entirely. At the end of the day, the final score can never be a half-point.
3. 1 X 2 betting
1 x 2 betting or three-way betting as it is commonly referred to involves backing one of the three results of a game – home win, away win or draw. This form of betting is also called match betting or full-time result. The 1 here refers to a home win, the x marks the draw, and the 2 marks the away win. Unlike in Asian handicap bets which seek to even out any difference in possible outcomes, 1x 2 betting aims to reflect the true odds of every possible outcome in any given game minus the sports book’s margin. This form of bet is the most sought-after in soccer, where the possibility of draws is considerably high.
In exceptional cases, you can combine two possible results to improve your chances of winning. Nowadays, sportsbooks offer these odds to any sports that display the same pattern of three-way probability. Hence 1×2 betting is becoming increasingly popular in rugby, hockey, and even cricket.