An Outright Bet, often simply termed as “Outright,” is a type of bet placed on the outcome of an entire competition or tournament rather than on a single game or match. In this form of betting, the punter is selecting a team, individual, or competitor to win a competition outright, without the need for point spreads or other conditions. Examples include betting on which team will win the FIFA World Cup or which golfer will win a particular Major.
How is an Outright Bet different from a Match Bet?
While an Outright Bet is placed on the winner of an entire tournament or league, a Match Bet is placed on the outcome of a single game or match within that tournament. For instance, betting on a team to win the Premier League season is an Outright Bet, whereas betting on that team to win a specific game against another team is a Match Bet.
Can I place an Outright Bet after a tournament has started?
Yes, many bookmakers offer live or in-play Outright Betting, where odds are updated as the tournament progresses. However, the odds might be less favorable compared to placing a bet before the tournament starts, especially if a team or individual is performing well.
What happens to my Outright Bet if my chosen team or player withdraws or gets disqualified?
In most cases, if the team or player you bet on withdraws before the start of the tournament, your bet will be voided, and your stake will be returned. If they withdraw or get disqualified after the tournament begins, the bet usually stands as a loss.
Why are the odds on Outright Bets often higher than Match Bets?
Predicting the winner of an entire competition involves greater uncertainty compared to predicting the outcome of a single match. Given this increased risk, bookmakers offer higher odds to entice bettors.
Are there any strategies recommended for placing Outright Bets?
As with all betting, it’s advisable to conduct thorough research. This could involve studying recent form, checking head-to-head statistics, considering injuries, and understanding the competition format. Moreover, diversifying bets (e.g., placing small wagers on multiple potential winners) can be a strategy to spread risk, especially in highly competitive tournaments.