Newbie’s Guide to the Most Basic Football Betting Rules

Most newcomers to football betting often lack an understanding of the rules involved. This can lead to some awkward or funny situations. Therefore, the following article compiles detailed basic football betting rules for your reference.

Understanding Football Betting

Betting activities are usually organised on a large scale, with many participants acting as intermediaries and adhering to football betting laws. This entity sets the terms for receiving and paying out benefits to participants based on the contract’s content. All forms of betting are considered gambling or organising gambling and must be handled according to the law.

Football betting is the act of placing wagers to predict the outcome of a football match, ending with money or other assets. This is a very common phenomenon and also a social vice today. This is because gambling causes very serious consequences, not only affecting the participants but also their families, relatives, and society as a whole.

Football Betting Laws for Beginners

Football betting is an attractive game that draws many enthusiasts. It allows you to watch the team and also place hope in that team. However, to participate in football betting at reputable betting platforms today, understanding football betting laws is a prerequisite for ensuring safety, transparency, and winning bets. So, what are the basic football betting laws?

Basic Rules in Football Betting

Below are all the basic football betting rules that newcomers need to know beforehand:

• Players must be 18 years of age or older to participate in betting.
• Must not have any neurological issues or mental disorders.
• Need to have an online account to participate in betting.
• You need to have sufficient funds in your bookmaker account.
• Players need to follow the bookmaker’s required steps to place a bet (select betting odds, place the bet amount, etc.).
• Before the match takes place, the bookmaker must provide the board, playing field, match time, and pre-match statistics for players to refer to.
• If the first half is cancelled, all placed bets will be void, and if the match is only cancelled in the second half, bets placed on the first half remain valid.
• If a match is postponed for more than 12 hours, all bets will be cancelled, and the bookmaker will refund the players’ stakes.
• During matches, the number of penalty cards, throw-ins, corner kicks, odds, etc., are updated continuously to help players stay informed.
• For regular bets, you can bet continuously until the referee blows the whistle and starts the match.
• You are required to comply with the bookmaker’s regulations regarding the bet amount.

Handicap Rules in Football Betting

Handicap betting, also known as Asian handicap betting if you want to participate in this type of bet, requires you to refer to the information below to understand the rules of handicap betting in football as follows:

0.25 Goal Handicap:

• If you bet on the favourite and the favourite wins, you win all the money, and if you bet on the underdog, you lose all the money. And vice versa.
• If both teams draw, the favourite loses half the stake, and the underdog also loses half the stake.

0.5 Goal Handicap:

• If you bet on the favourite and the favourite wins, you will definitely win the full amount.
• If the underdog wins, or if both teams draw, those who bet on the underdog will win the full amount, and those who bet on the favourite will lose the entire amount.

0.75 Goal Handicap:

• The favourite is behind by one goal (1-0, 2-1…). If you bet on the favourite, you win half the stake, and conversely, betting on the underdog means losing half the stake.
• The favourite wins by more than 1 goal. If you bet on the favourite, you win the full amount, and conversely, betting on the underdog means losing the entire amount.
• If the underdog wins or if the two teams draw, the underdog bet wins the full amount, and the favourite bet loses the entire amount.

1 Goal Handicap

• The favourite wins by exactly 1 goal. Whether you bet on the favourite or the underdog, it’s a push (draw), and your stake is returned.
• The favourite wins by more than 1 goal. If you bet on the favourite, you win the full amount, and conversely, betting on the underdog means losing the entire amount.
• The two teams draw, or the underdog wins. You win the full amount if you bet on the underdog, or lose the entire amount if you bet on the favourite.

Rights and Obligations of Betting Participants

To ensure your rights and obligations, you need to understand the football betting laws when participating in betting. Therefore, if you win a bet, you can request the bookmaker to fully pay the amount into your bank account.

Each bookmaker has a minimum withdrawal limit, and you can make transactions almost anytime. At the same time, if you notice signs of financial fraud, you have the right to denounce and sue to protect your rights.

Players are also responsible for complying with all the bookmaker’s previous regulations and Philippine law. Any violations must be fully accounted for. Gambling is considered an industry, so you also have to pay taxes when playing.

In the article above, we have helped you understand the information about the football betting laws currently popular at bookmakers. Jili7m.com is one of the reputable bookmakers licensed to operate by an organisation in the market, so please register a member account here.