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Betting.net / What is an Odd Even Bet? Odd Even Bet Explained

What is an Odd Even Bet? Odd Even Bet Explained

Last Updated on January 26, 2023
Fact checked by: Jesse M Cox

What is an Odd Even Bet?

An odd even bet refers to a wager that predicts the total number of points or goals scored in a match or series of matches and breaks it down into two distinct possibilities – a total number that is odd or a total number that is even. These simple bets can be found on most bookmakers offered through our site.

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Watch: What is an Odd Even Bet & How to Bet?

Video: Odd Even Bet in Sports Betting Explained & How to Bet 📖 ✍️

Odd Even Bet in Sports Betting Explained & How to Bet 📖 ✍️

How is an Odd Even Bet used in Sports Betting?

Odd even betting is a relatively new option in sports betting and has become popular, largely due to the simplicity of the bet. It can be applied to any sports that have points or goals that increase throughout the event – and it is particularly favored in soccer betting.

To find a match to odd even bet head to our odds comparison page. There we have every soccer match from leagues across the globe as well as live odds compared from multiple different sportsbooks.

If a match between Sweden and England ends 1-0 then the ‘odd’ bet would be the winner. If the match ended 1-1 then the ‘even’ bet would be the winner. Special points to note with an odd even bet is that if a match has a scoreline of 0-0 it is considered an ‘even’ – and, as with many bets relating to soccer, the bet relates to the score at the end of the regular 90 minutes so extra time and penalties don’t count.

As with other markets, odd even betting is available for half time and full time results and can also be enjoyed as in-play betting where the odds would be changing all the time.

How to find value in betting odds

The best way to make money with sports betting is to find value in the odds. It’s the only way to consistently make money. Your chances of success long-term are slim if you don’t place value bets. It’s that simple.

This is what most sports bettors don’t know. Instead of betting on value, they bet on the outcome they believe will happen. Although this may seem like a sensible approach, it is fundamentally flawed. While you will likely win many wagers by betting on most likely outcomes all the time you won’t necessarily make a profit overall.

Many people are unaware that winning at betting is not about picking the most winners. It’s about finding the right spots to place your bets so you can make money when you have a positive expectation. Understanding the concept of value is essential to accomplish this.

The section below explains exactly what value is. We will also show you how to spot value in sports betting markets and give some tips on how to find better value. You will instantly increase your odds of making money with sports betting by reading and applying the information.

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What is Odds or Goals betting?

The market for odds or even goals is one that predicts whether the total goals scored in a match by both teams will either be even (divided into two) or odd, (not divided into two).Because of the higher odds, players love to bet on Odd or Even Goals.

It is hard to predict the outcome in the market as one goal can change your betslip’s outcome from a winning to losing. This is why the majority of goodbetters stay away from such options

Odds and evens will have odds of 1.9, which gives the bookie a slight edge over players. However, it is possible to beat them if you do statistical analysis before placing your bets.

 

Odd Even goals stats

If you want to have two options, you should place your bets on the odd or betting market. If you are passionate about statistics, it’s possible to make a long-term profit by analysing these dat

 

Statistics are key to winning on the odd/even market because they give you trends about how different teams perform. Many data points are available on past results of odd/even goals, including stats from different sites such as basketball betting sites or football betting sites. These websites show you the trends of different teams to finish with odd and even. However, there is no guarantee that the match will end in your favor. An analysis of final score statistics can be used to determine whether a match will end with an odd number or an even number of goals. If you don’t like to do a lot of analysis, this may not be the right market for you. You will only make 1.9x your money back if you do not spend a lot of time researching to make a profit with odd or goals.

 

Can I make a profit by betting on Odd and Even goals?

If you bet on odd goals or even goals, it is possible to make money. If you want to eliminate the luck factor, you will need to analyze past results, the recent form of the teams, and their forward’s forms. You will see a long-term profit, which will return your investment.

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Best strategy for odd or even goals

An insurance bet is a popular strategy for odd even goals. This creates a 6 fold accumulation bet on any even number of goals.

These events cannot be simultaneously, but must have a time difference of at least several hours. We then place six single bets on the opposite outcome of each event. For example, if an even number is won, we next bet on an odd number. This continues until all single bets have been resolved. You must reinvest the winnings from each bet for every winning amount.

 

If 6 matches end in an even number of goals, which is very unlikely, the accumulator wager wins and our expenses are partially covered.However, this strategy’s logic is that if a single bet fails, your entire acca will still be valid.

Other types of Odd and Even bets

Some bookies also offer variants of the traditional odd/even goal bet.

1. Half Odd/Even goals and

2. Half Odd/Even goals – you can predict whether there will be an odd number of goals or not based on the match’s different halves

Home Team Odd/Even goals and Away team Odd/Even goals – you can use this tool to predict whether the goals scored by one team will be odd or even.

Combo Bets: This is where you combine multiple markets into one bet, such as both team score (BTTS), odd/even, 1X2 or odd/even.

You can also place bets on total points, odd or even, for other sports such as Basketball. This concept is similar to the one we describe here, but it has a different name because it refers only to points and not to goals.

Did you know…

England’s victory on penalties over Colombia at the 2-18 World Cup will have tested the nerves of odd even punters. The final result was after extra time and penalties so would not have affected the bet.

But with less than a minute to go, England winning 1-0 would have brought returns for anyone with an ‘odd’ bet. Colombia’s last minute goal changed the result completely and, although they eventually lost, will have turned it into a winning ‘even’ bet.

See also

1×2

Both Teams to Score

Over/Under Goals

Win, Lose or Place Bet

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