How to Accurately Bet on Penalty Shootouts in Football Betting

The thrilling penalty shootouts in football always attract bettors due to their unpredictability. From this excitement, penalty betting markets have emerged. But what exactly is a penalty bet? What types of penalty bets exist, and is this a lucrative market to exploit for winnings from bookmakers? If you're interested in placing penalty bets on your favorite matches, don't miss this guide from bet win tips.

What is Penalty Betting?

In football, penalty kicks are a well-known aspect of the game. A penalty is a direct free kick awarded when a player commits a foul inside their own penalty area or in situations involving handball, high-foot challenges, or similar infractions. Additionally, if a match remains tied after 90 minutes of play, a penalty shootout is used to determine the winner.

Penalty shootouts captivate fans as they consist of 11-meter kicks where players face goalkeepers in one-on-one situations. Each penalty kick is a mix of skill and luck, as the shooter must outguess the goalkeeper’s movements. This unpredictability makes penalty betting a popular market, especially in high-stakes matches that often require shootouts.

Penalty Betting in Football Betting

Penalty betting is a unique market in football betting due to the high element of chance involved. This type of wager remains popular because it offers multiple betting options, keeping bettors engaged.

Penalty bets usually come into play when a foul occurs in the opponent’s penalty area. The referee then decides whether to award a penalty based on the nature of the foul, the player’s actions, and the importance of the match. With modern technology, particularly VAR (Video Assistant Referee), penalties are now more frequently awarded, making penalty betting an attractive option for bookmakers.

When betting on penalties, players wager on the outcome of penalty kicks. Bookmakers offer various betting options, such as the number of penalties saved, missed shots, shots hitting the post, successful conversions, and which team will win the shootout. It is crucial to understand the bookmaker’s rules and choose the most suitable betting type.

How Are Penalty Bets Calculated?

Penalty bet calculations depend on several factors, including the probability of a penalty being awarded and the outcome of the penalty kick. Bookmakers set odds for penalty bets based on these factors.

For example, in a given match, the following penalty odds might be offered:

• Team A to be awarded a penalty: 2.50

• Team B to be awarded a penalty: 3.50

• No penalty in the match: 1.50

If a bettor places 100,000 VND on Team A to receive a penalty and a penalty is awarded and converted, the payout would be: 100,000 VND x 2.50 = 250,000 VND.

Similarly, if the bettor wagers on Team B at odds of 3.50, they would receive 350,000 VND if Team B gets and scores a penalty.

If no penalty is awarded during the match, any wagers on penalties would be lost.

Popular Types of Penalty Bets

Several penalty betting options exist, including:

1. Betting on Whether a Penalty Will Be Awarded

This is a straightforward bet where the bettor predicts whether a penalty will be awarded during the match. Some bookmakers include this in their extended betting options. You simply choose "Yes" or "No," and if your football prediction match is correct, you win.

2. Betting on the Final Penalty Shootout Score

This bet requires predicting the exact final score of a penalty shootout. While difficult to win, it offers high payouts.

For example, if a match in the Asian Cup Round of 16 between Vietnam and Jordan ended with a 4-2 shootout win for Vietnam, bettors who predicted this score correctly would receive substantial payouts.

3. Betting on Successful Penalty Kicks

This is a single-event bet where the bettor wagers on whether a specific penalty kick will be successful. If the shot goes in, the bet wins; if it is saved or missed, the bet is lost.

Additionally, some bookmakers allow bets on:

• The number of successful penalty kicks by each team.

• Whether a specific penalty kick will be converted.

4. Over/Under Penalty Betting

This bet works similarly to traditional Over/Under (Tài/Xỉu) bets but focuses on penalties. Bettors predict whether the number of successful penalties will be over or under a threshold set by the bookmaker top.

For example:

• If the total number of converted penalties is below the set line, the bet is Under (Xỉu).

• If the total is above the set line, the bet is Over (Tài).

Another variation involves betting on the total number of penalty attempts rather than just the goals.

5. Betting on Which Team Takes the First Penalty

This type of bet is used only in matches that require penalty shootouts. Bettors wager on which team will take the first penalty, with the result determined by the second coin toss conducted by the referee. Since this bet relies entirely on chance, the risk is high, but so is the potential reward.

Key Tips for Betting on Penalties

Penalty betting, also known as luân lưu betting, is regarded as one of the most exciting football betting markets. To increase your chances of winning, consider these strategies:

• Analyze team penalty records: Some teams and players have higher penalty success rates.

• Assess goalkeepers: Some goalkeepers excel at saving penalties, which can influence outcomes.

• Monitor match importance: High-pressure games often lead to more penalties.

• Check referee statistics: Some referees award more penalties than others.

• Watch for VAR usage: With technology influencing decisions, penalties are more frequent.

By understanding the intricacies of penalty betting and following strategic insights, bettors can maximize their chances of success in this thrilling football betting market.