Intense and dramatic penalty shootouts always capture the excitement of football fans and bettors alike. But do you truly understand what penalty shootout betting is? Do you know the best strategies and tips for betting on penalties? If not, let bet win tips guide you through everything you need to know in the article below.
What is Penalty Shootout Betting in Football?
In knockout matches, if the two teams are still tied after 90 minutes of regular play and 30 minutes of extra time, the game will proceed to a penalty shootout to determine the winner.
During a shootout, players from each team take turns shooting from the penalty spot, following a pre-listed order. Typically, each team takes five kicks, and the winner is the one who scores more.
If the score remains tied after five kicks each, the shootout continues in sudden-death format until one team scores and the other doesn’t.
To cater to fans and bettors, bookmakers have introduced various penalty shootout betting markets. Once the shootout ends, bettors receive their results immediately. If your prediction is correct, you win and receive a payout based on the odds. If not, you lose your stake.
Different betting sites online may offer different types of penalty betting markets depending on their systems and user preferences. Common bet types include:
Number of saves
Number of off-target kicks
Number of shots that hit the post/crossbar
Final winning team
That’s why it’s essential to read the rules carefully and follow the sportsbook's guidelines before placing any penalty shootout bets.
Common Types of Penalty Shootout Bets You Should Know
As mentioned, penalty shootout betting includes several types of wagers. Each has its own rules and betting strategies. Below are the most popular types to help you choose the most suitable option and increase your chances of winning:
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1. Betting on the Winning or Losing Team
This is the simplest and most common type of penalty bet. All you need to do is predict which team will win the shootout.
Note: This bet is only settled once the shootout is completely finished and a clear winner is determined.
2. Betting on the Final Score of the Shootout
This is a more difficult bet with a lower winning probability, but the potential payout is very high. That’s why many experienced bettors still go for it.
To make accurate predictions, you need to know:
The shooting ability of the penalty takers
The skill levels of both goalkeepers
Understanding these factors can significantly improve your odds of making correct predictions.
3. Betting on Individual Successful Kicks
This is a special type of bet where you can place a wager on each individual penalty kick.
If the kick you bet on is successful, you win. If it’s missed or saved, you lose.
4. Over/Under (O/U) Total Successful Penalty Goals
This bet is similar to regular Over/Under bets. The bookmaker sets a predicted number of total successful penalty goals across both teams. You then choose one of the two options:
Over: if you believe the total will be higher than the bookmaker's line.
Under: if you believe the total will be lower.
5. Over/Under (O/U) Total Penalty Kicks Taken
This is similar to the above, but instead of betting on goals, you predict the total number of penalty kicks taken.
Not every shootout ends in just 10 kicks (5 each). Some can go to 15 or 16 rounds before a winner is found. This type of O/U bet is popular among those who anticipate longer shootouts.
Final Thoughts
This article has covered everything you need to know about penalty shootout betting in football. We hope this knowledge helps you better understand the betting options and equips you with useful strategies for more accurate predictions.
Good luck, and may the odds be in your favor!