The 1X2 bet, also known as match betting, full time betting or three-way betting, is a popular bet in soccer and is also found in other sports where a draw is a possible outcome. 1X2 may seem like a strange name for this bet, which can cause some confusion at first, but if you have bet on sports before then you have more than likely seen this betting option in action.
The 1X2 stands for the three outcomes possible in a game. The 1 is for an away team win, the X for a draw and the 2 for a home team win. The 1X2 markets do not provide any form of handicap, but instead the odds shown indicate the chances of each outcome occurring.
1X2 Bet Example
Here is an example of a 1X2 bet on an international soccer match.
(1) Manchester United -165
(X) Draw +276
(2) Newcastle +422
As you can see a 1X2 bet is exactly the same as a typical moneyline wager with 3 possible outcomes. In this example Manchester United is a big favorite to win the game, while Newcastle is a big underdog.
Online sportsbooks will also offer double chance bets or no draw bets that reduce the number of possible outcomes from 3 down to 2. It is important that you perform calculations to find out if you will receive a higher return splitting your total wager among the 1X2 betting options or placing the double chance or no draw bets. Check out those pages to see the calculations.
As mentioned before 1X2 bets can be found for any sport that has three possible outcomes (home win, draw, away win). Soccer is the most popular sport for 1X2 betting, but other sports where this 1X2 bets are available include hockey and rugby among others.