SPORTS BETTING TYPES
1X2 betting, also known as three-way betting, refers to the backing or laying of a home win, draw, or away win. The 1X2 bets are hugely popular and a simple way of betting on sports where there is the possibility of a draw. And the 1 refers to a home win, the X the draw, and the 2 the away win.
Unlike Asian handicaps or totals, 1X2 betting doesn’t seek to even out any difference in perceived quality between teams or players. They aim to reflect the true odds of every possible outcome minus the bookmaker margin or exchange commission
How to calculate your payout for a bet on a 1X2 market?
There are two stages to calculating your payout for a place bet on a 1X2 market. As an example let’s say you bet Liverpool to beat Manchester City with a stake of £100 at an odds of 2.88.