In 1xBet terminology, the 1X2 Market is one of the most common and popularly used markets in sports, not just in Cricket and football but also in other sports. Here, ‘1’ represents a win for the home team (Win1), ‘2’ signifies a win for the guests (Win2), and ‘X’ stands for a draw.
When we talk about ‘1X2 W2′ in 1xBet, we are referring to a bet on the away team to win. In other words, you are placing your money on the outcome that the guests will triumph over the home team. This type of bet, while simple, requires careful analysis and understanding of the teams’ strengths and weaknesses, their previous performances, and other factors that could influence the game’s outcome.
Calculating the Payout for the Back Bet in a 1×2 Market
To calculate the potential payout of a back bet in a 1×2 market at 1xBet, you need to consider the odds offered and the amount you wish to stake.
The formula for calculating the potential payout is as follows:
Payout = Stake x Odds
Let’s say you’ve decided to back the away team (W2) in a football match, with odds of 3.5, and you’re staking ₹1000. If the second team wins, your potential payout would be 1000 x 3.5 = ₹3500.
This amount represents the total return if your venture is successful. It’s important to remember that this includes your original stake. So, your net profit would be 3500 – 1000 (stake) = ₹2500.
Calculating the Payout for a Lay Bet on 1×2 Market
A lay bet is a type of wager where you stake against a certain outcome. In the 1X2 Market, if you place a lay bet on W2, you are predicting that the guests will not win the match.
Calculate the payout for a lay bet. It’s slightly more complex than a back bet. When you lay a bet, you essentially act as the bookmaker, meaning the stake you can win is the other bettors’ stake, but your liability (or the amount you could lose) is determined by the odds.
The formula for calculating the potential payout (if the bet wins) is:
Payout = Other Bettor’s Stake
And the formula for calculating your liability (if the bet loses) is:
Liability = Other Bettor’s Stake x (Odds – 1)
So if you were to lay a bet against the away team with a stake of ₹1000 from another bettor and odds of 3.5, your potential payout if the bet wins would be ₹1000. However, your liability if the bet loses would be 1000 x (3.5 – 1) = ₹2500.
The concept of lay introduces an intriguing dynamic to betting on the 1xBet platform. It allows punters to take on the role of the bookmaker, offering other users the chance to back their predictions. While this can be more risky than traditional back betting, it also introduces the potential for significant payouts. As with all betting, it should be done responsibly and with a thorough understanding of the implications and potential outcomes.
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