There are many different types of bets you can place on sports events in this day and age. Each of them will have
their own strengths
and weaknesses that you need to consider before using them.
The 2 way bet is comprehensive. It covers sports events that will only have two outcomes. For example, for the Super Bowl, there can only be one ultimate winner and as a result there are no draws allowable. This article looks at the ins and outs of using the two way bet as part of your sports betting strategy.
With a two way bet, you have two options to choose from for your bet. Some sports betting sites will call a 2 way bet a “Money line”, “Draw No Bet”, “Puck line” or a “Winning bet”. This market works for events that cannot have a draw or if there is a draw, it will be discounted and your money will be returned to you. While it is most popular for the likes of tennis and basketball, you can eliminate the draw for many other sports using the two way bet.
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If you want to better understand what a two way bet looks like, here is a
worked-out example
for you. It involves a game between two NBA teams;
New York Knicks +210
Boston Celtics -120
In this case, the Boston Celtics are the favorite to win the fixture. If you are betting on the Celtics, you will need to bet $120 in order to win $100. This means for each $1 that is bet, you will get a return of $0.833. You calculate this figure by dividing the $100 by your stake of $120.
If you feel that the New York Knicks are going to be victorious, then you will get a return of $210 if you bet $100 on them and they successfully are victorious. If this was a game where they could be a draw, for example in a soccer game, then it would be deemed to be a push and your $100 stake would be credited back into your account.
There are added considerations you could bet on too. For instance, if you can pick the first goalscorer and the correct game score, you could raise the stakes for better rewards. If this bet option is enticing, please read our guide for the classic
example of a scorecast bet.
How to the Two-way Bet Works
From the name, you are more like to deduce that 2 way match betting allows for only two possible outcomes to any event or match. Here is how they are represented:
Bet on team A winning the match
Bet on team B winning the match
With this example, this bet is very simple to grasp and to use in practice. You will find this bet present where either teams or individual players are competing head to head in a single match event, a final or anything of that sort. In other words, you will find the 2-way bet in any event where a clear winner or clear loser is decided, giving you a nice and simple 50-50 chance of winning. Since this bet is such an easy bet with a high win percentage, you will also find that the odds posted for these kinds of bets are usually on the low side.
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Key Considerations when using a two-way bet
Just like with all types of bets, there are certain things you need to consider when implementing a two-way bet. While the process of his bet is very straightforward, there are certain circumstances and scenarios where it is good to use and other casinos when it should be avoided.
Potential for underdogs
If you are looking to place a bet on the underdog of the fixture, it is a good idea to have done your research and have some compelling reason as to why you believe it is going to be profitable placing a bet on them to win the fixture. Otherwise, you should hedge your wager as laid out by our
Surebet example.
For the most part, the team that is playing at their home venue is going to hold a significant advantage in a fixture. However, it is
important that you study the two team’s performance levels
when they are playing at home or away, which ever corresponds to this fixture. Certain teams somehow seem to go against the norm and perform better away from home
This could present you with a potential opportunity because the odds of the home team are generally going to be shorter than if they were playing away. Some teams may have a particularly good away record when it comes to certain venues, which is also something that should be considered.
Considering recent form and fixtures
Of course, you should look at recent form and see how the two teams are performing. One team may be winning comprehensively every game, whereas others may be winning a lot of games but just scraping through them.
There is often a lot you can
deduce by reading through the lines
of the final scores. Some fixtures also take on lives of their own and current form gets thrown out the window. This is usually the case for rivalry or derby games. These are fixtures that the players and fans look forward to every year and players can often pick themselves out of a slump thanks to the motivation of this given fixture. Naturally, you will want to check the injury and suspension reports to see who will be playing
If a team has a particularly difficult run of fixtures on the horizon, they may decide to rest some of their better players. This could present an opportunity for bettors to take advantage of when the sportsbook does not price this into their odds
If one team is
fighting to avoid relegation, they will often play like their lives depend on it compared to their opponents who may not really have anything to play for. This is when you can see the favorites often being upset
Finally, certain teams may have quick turnarounds for games and their players could be fatigued, especially if they are coming off long trips for away fixtures. If a team is way down the rankings but are a lot fresher than their opponents, this can present a great opportunity for you deploying a two way bet.
A two way bet is not just confined to picking the winner of
a given fixture, there are also many sub markets that also hold the characteristics of a two way bet. For example, in soccer, there will usually be a market for “Both Teams to Score”.
You only have two options to be on here - yes or no. Therefore, you can categorize it as a two-way bet. Therefore, there are
many different two-way bet markets
that are not specifically related to the outcome of a given game. Sometimes you will even be able to combine these different two-way bet selections together into a combo bet such as a double or treble. This will depend on what sportsbook you are using. Check out or
Trixie betting strategy
for something different to the two-way bet.
In horse race betting, betting the trifecta is popular, but it's way more advanced than merely picking a winner. In fact, you have to pick the first three places accurately. In this instance, you would need to make use of a special
Tricast bet calculator
to help you work out your odds. This just goes to show that the sports betting market is a hugely diverse field that offers options for every risk level.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
It is important that when you are looking for a sports betting site that they usually offer decent terms for your two way bets. This means that for a football game that may go to extra time and/or penalties before a winner can be picked will have a two way bet winner market that will reward you no matter if your selection wins inside of the normal 90 minutes or if they win it during extra time or penalties.
A lot of sports betting sites will try to cut corners and saw that the bet is void if your selection does not win the fixture inside of the normal time of 90 minutes. Luckily, you can
check out our comparisons of sports betting sites
and find one that suits your specific needs and gives you plenty of choice when it comes to making two way bets on your favorite sports. It's also worth checking if you can pick up a bonus to boost your bets, such as the
Betfair welcome offer
and
888sport deposit bonus
that both match your initial deposits.
2 Way Bets Are the Way to Win
As you have seen through this article that dives into the two way bet, there are many different variables you need to consider. The bet type is very straightforward to us, but it can also come in many different guises. This is very useful, as you can pick and choose which two way bet markets are best suited for your information and our needs for a given fixture.
You don’t have to be stuck in the same approach all of the time. For example, you may decide to bet on the two way bet both teams to score market for one fixture and then use the traditional two way bet winner market for another fixture. By being flexible, you are
maximizing your chances of being profitable
when using the two way bet market.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
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