How to Accurately Bet on Penalty Shootouts in Football Betting

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How to Accurately Bet on Penalty Shootouts in Football Betting

Nail-biting penalty shootouts always captivate football betting enthusiasts. This is where penalty betting comes into play. So, what is penalty betting? What types of penalty shootout bets exist, and is this a profitable betting market to capitalize on? If you're interested in placing bets on penalty shootouts in your favorite matches, don't miss this detailed guide from wintips.

Understanding Penalty Shootout Betting

In football, penalty kicks are a well-known concept. Simply put, a penalty is a spot-kick awarded to a team after a foul occurs inside the opponent's penalty area. Additionally, penalty shootouts take place if a match remains undecided after 90 minutes (or extra time), serving as the ultimate method to determine a winner.

Penalty shootouts excite viewers due to the high-pressure 11-meter duels between the goalkeeper and the shooter. Every penalty kick involves skill and a bit of luck, as players must anticipate the keeper's movements. This unique dynamic makes penalty betting highly appealing to bettors, especially in high-stakes matches that frequently feature penalty scenarios.

What Is Penalty Betting in Football?

Penalty betting is one of the most exciting and unpredictable betting markets in football. Given the significant element of luck involved, this type of bet is highly favored among punters. Moreover, penalty betting comes in various forms, ensuring that football bettors never find it monotonous.

Penalty bets usually appear in matches where an incident inside the penalty box leads to a spot-kick. When this happens, the referee awards the fouled team a penalty, providing a major goal-scoring opportunity. However, not every foul inside the box results in a penalty, as referees consider several factors, including the severity of the foul, the defender's intent, and the match's significance before making a final decision.

With modern football increasingly adopting technology, especially VAR (Video Assistant Referee), penalties have become more frequent. To accommodate this, bet bookmaker have introduced penalty shootout betting markets, allowing punters to place wagers on the outcomes of these high-pressure moments.

Bettors place their bets based on the results of penalty kicks, with different bookmakers offering unique betting options such as:

• Number of saved penalties
• Number of missed penalties
• Penalties hitting the post or crossbar
• Total successful penalties
• Betting on the winning team in a penalty shootout
  
  

It is essential to read and understand the specific betting rules of your bookmaker before selecting the most suitable wager.

How Is Penalty Betting Calculated?

Penalty betting calculations can be complex, as they depend on multiple factors, including the likelihood of a penalty being awarded and its outcome. Bookmakers set odds for penalty-related bets based on these elements.

For example, consider the following penalty odds for a football match:

• Odds for Team A to be awarded a penalty: 2.50
• Odds for Team B to be awarded a penalty: 3.50
• Odds for no penalties in the match: 1.50
  
  

If a bettor places 100,000 VND on Team A receiving a penalty and it happens, their payout would be:

• 100,000 VND × 2.50 = 250,000 VND
  
  

Similarly, if the bet was placed on Team B receiving a penalty, the payout would be:

• 100,000 VND × 3.50 = 350,000 VND
  
  

However, if no penalty is awarded, the bettor loses their stake, as the odds for "no penalties" were 1.50.

Popular Types of Penalty Shootout Bets

Here are some of the most common penalty betting options:

1. Betting on Whether a Penalty Will Occur

This is a straightforward wager where bettors simply football whispers prediction yesterday whether a penalty will be awarded during the match. They can choose "Yes" or "No," with winnings based on the correct selection.

While not all bookmakers offer this market, it is typically found under extended betting options.

2. Betting on the Final Penalty Score

Bettors predict the final score of a penalty shootout. This is a high-risk, high-reward betting market, as it is difficult to predict the exact outcome. However, correct guesses can yield significant payouts.

For example:

• In the AFC Asian Cup Round of 16 match between Vietnam and Jordan, the penalty shootout ended 4-2 in favor of Vietnam.
  
  

3. Betting on Successful Penalty Kicks

This involves placing bets on individual penalty kicks and predicting whether they will be successful. If the chosen penalty is scored, the bet wins; otherwise, the stake is lost.

Other variations of this bet include:

• Predicting the number of successful penalties for each team.
• Betting on whether a specific penalty attempt will result in a goal.
  
  

This betting format is typically available at international bookmakers.