Michael McKean is an experienced writer with a portfolio that includes work on the subjects of sport, gambling, travel and finance. With a background rooted in journalism, Michael first ventured into the professional writing world based in Switzerland, where he wrote for a number of language and travel sites and magazines before moving into the world of sports writing and gambling sites.
As an avid soccer fan, who follows everything from the Scottish lower leagues to the European elites, he has earned himself a solid reputation as a reliable football betting tipster and predictor. Outside of work, Michael has always gotten involved with grassroutes football everywhere he has worked and lived - UK, Spain, Portugal, Switzerland and Brazil - and still isn’t shy when it comes to pulling the boots on himself. As well as soccer, he has also developed a love of North American sports, particularly ice hockey - a love which began in Switzerland and saw him venture across the pond to follow the NHL. Moving away from dry land, he’s also a keen longboard surfer and is happiest when writing with a view of the ocean.
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. There will be certain situations that are better suited to certain types of bets. It is important that you take the time to learn about the common types of sports bets that are available for you to use. This will ultimately make you better informed, as well as increasing the chance that you will have a profitable experience.
The 2 way bet is simple and straightforward to understand. 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. It also works well for other markets such as tennis and basketball that have a defined winner. This article looks at the ins and outs of using the two way bet as part of your sports betting strategy.
Most Important Facts About 2 Way Bets
Countless two way bet markets
Simplifies your selections
Minimizes your downside
Easy to understand
Defining a Two Way Bet
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.
Example of a Two Way Bet
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.
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.
Different two-way bet markets
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.
Try To Win Your 2 Way Bets
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.
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.