Handicap betting has earned tremendous fame recently among sports bettors worldwide. It allows punters people to bet on matches in which the odds are stacked in favor of one team or player essentially giving them an advantage. A similar process is used in golf, where amateur players are given a handicap of between one and thirty two, meaning they are admitted that number of additional shots when compared against a professional player, who would play from a handicap of zero. This signifies that in essence, the pro would begin with a score of negative sixteen if a player had a handicap of sixteen, for instance. This means that in a real golf game, where the players all play from zero, the wagerer can apply a handicap of their choice to players and their odds will change accordingly.
Among the sports where Handicap Betting is commonly used, the most popular tends to be football (soccer), though it is also commonlplace among all team sports generally. Typically, it is challenging to add handicaps to races unless they are scored according to the racer's position rather than their overall finishing time.
For instance, in a Premiership football match between Newcastle and Chelsea the odds may be nearly even, perhaps slightly in favour of Newcastle due to a homefield advantage. However someone who wishes to bet on the game could allot Chelsea a handicap of two, which would in effect mean that for that punter, the match would begin with Newcastle already two goals behind even though the actual score would, of course. be nil - nil. Because of this, the odds would now be in Chelsea's favour for that particular gambler. If Newcastle were to win by three clear goals they would win the match, though if they only won by one goal then Chelsea would win the match in terms of the handicap since they were given a two goal advantage. In turn, if Newcastle won by two goals then the match would be a draw. Some bookmakers would return the stake placed on games that end in a draw due to handicaps, but some establishments also offer "Handicap Draw" odds, which determine odds for games that finish as a draw.
This manner of wagering can make the betting experience more entertaining, as well as allow better odds on games in which the bettor is sure they can can correctly prediect the results. For instance in a match where a well-ranked team plays a team in a lower division, plainly there would not be a very good profit to be made by backing the clearly better team. Nonetheless if the smaller club were given a handicap, they could still bet on the better team winning but receive much better odds for it, though the higher-ranked team would then have to win by a higher margin for the bettor to still win their wager.