What does 1X and 2X mean in 1xbet?
Hey there! As a fellow tech geek and data analyst who loves streaming and gaming, I figured I‘d provide an in-depth explainer on the meaning of 1X and 2X betting options on 1xbet. I know these types of bets can be confusing for beginners, so I want to break it all down in simple terms. Let‘s dive in!
A Quick Intro to 1xbet
First things first, 1xbet is an online gambling company founded way back in 2007. It‘s licensed in Curacao and based in Cyprus. 1xbet operates as a betting exchange platform, which means customers bet against each other rather than against a traditional bookmaker.
Some key facts on 1xbet:
- Claims over 400,000 users and $700 million in daily betting volume
- Offers sports betting, casino games, poker, and more
- Features live streaming for thousands of events
- Supports hundreds of payment options including crypto
- Mobile apps available on iOS and Android
Okay, now that we know the basics about the company, let‘s look at what 1X and 2X actually mean!
Understanding Betting Odds
To understand 1X and 2X bets, you first need to get a handle on how betting odds work in general.
Betting odds represent the implied probability of an outcome happening. They allow you to calculate how much profit you‘ll make per dollar wagered if that outcome wins. Higher odds = lower probability.
For example, 2.0 (or +100) odds means a $1 bet would return $2 total – your $1 stake plus $1 profit. The implied probability is 1/2.0 or 50%.
The margin is the bookmaker‘s percentage cut of total bets. It ensures they make money regardless of the outcome. Margins are usually 4-5% but can be as high as 15%.
Overround refers to the total margin across all outcomes in a betting market. If the implied probabilities add up to 110%, the overround is 10%. This represents the house edge.
Okay, that‘s enough of a primer on odds. Let‘s look at how 1X and 2X work specifically.
The Meaning of 1X and 2X Bets
In football and other sports betting offered by 1xbet, you‘ll see options like:
- 1X
- X2
- 12
These refer to what‘s known as double chance betting. Basically, you‘re able to bet on TWO of the three possible outcomes instead of just one:
- 1X – The first team wins OR it‘s a draw
- X2 – It‘s a draw OR the second team wins
- 12 – The first OR second team wins
So with 1X, X2, and 12 bets, your chances of winning increase but potential payouts are lower compared to a normal fixed odds bet.
It‘s a way to get some insurance in case your predicted outcome doesn‘t pan out. Let‘s look at an example…
How Double Chance Betting Works
Imagine Liverpool is playing Manchester United in the Premier League. The odds for the match are:
- Liverpool wins: 2.2
- Draw: 3.1
- Man United wins: 3.8
With fixed odds betting, you simply pick one of those outcomes to bet on. But with double chance, you can bet on combinations:
- Liverpool wins OR draw (1X)
- Draw OR Man United wins (X2)
- Liverpool wins OR Man United wins (12)
Your risk is lower because more outcomes are covered. But the payout is less because you have more chances to win.
For the Liverpool vs Manchester United example, let‘s calculate the 1X odds:
- Liverpool win odds: 2.2 (implies 45% chance)
- Draw odds: 3.1 (32% chance)
- Total chance: 45% + 32% = 77%
- 1X odds: 1 / 0.77 = 1.30
So if you bet $1 on 1X, your total return would be $1.30. Compare that to the higher 2.2 fixed odds payout if Liverpool won outright.
Analyzing House Edge Across Bet Types
Now let‘s look at the theoretical house edge the bookmaker holds for different bet types:
| Bet Type | Est. House Edge |
|---|---|
| Fixed odds | 4-5% |
| Double chance | 12-15% |
While double chance betting seems safer, the built-in profit margin is much higher for the bookmaker. Something to keep in mind.
But in certain game situations, the extra insurance of 1X or X2 bets could make them favorable despite the house edge.
Tips for Profitable Double Chance Betting
Here are a few pieces of advice if you want to start placing smart 1X, X2 and 12 wagers:
- Stick to heavily favored teams – Bet 1X if they should dominate or 12 if an upset is unlikely
- Consider X2 in rivalry games where both teams are closely matched
- Watch for late odds movements and quickly switch from fixed to double chance
- Don‘t bet arbitrarily! Only use double chance when stats and research justify it
- Shop around – compare odds across legal sportsbooks to maximize payouts
Comparing 1xbet‘s Double Chance Odds
Let‘s see how 1xbet‘s double chance odds stack up against some other major sportsbooks:
| Match | Bet | 1xbet | DraftKings | BetMGM |
|---|---|---|---|---|
| Arsenal vs Liverpool | 1X | 1.22 | 1.27 | 1.24 |
| X2 | 1.30 | 1.35 | 1.32 | |
| Everton vs Man City | 1X | 1.15 | 1.18 | 1.16 |
| 12 | 1.12 | 1.15 | 1.14 |
In general, 1xbet seems to offer slightly better odds for double chance wagers compared to traditional bookmakers. But there can be significant differences between sportsbooks.
Always be sure to line shop for the best odds! An extra few cents on your payout for every $1 wagered can really add up over time.
Common Questions on 1X and 2X Betting
Here are answers to some frequently asked questions on 1X, X2 and 12 betting options:
What does X stand for in 1X or X2?
The X simply means the match ending in a draw or tie. So 1X means the first team wins or it‘s a draw.
When should I bet on 12 double chance?
The 12 option (first or second team wins) is useful when you predict a very defensive game or two attack-minded teams where a draw is unlikely.
What happens if I bet X2 and it‘s a 1-0 result?
Unfortunately, your X2 bet would lose in this case. Because the first/home team won 1-0 rather than a draw or away team win, the double chance is a losing proposition.
Can I combine 1X and X2 bets in an accumulator?
Absolutely! Accumulator bets allow you to combine several double chance wagers across different matches for bigger potential payouts.
What‘s the highest possible 12 bet payout?
Because the 12 covers two outcomes, payouts are lower. The best you‘ll usually see is around 1.20 or 1.25 odds. Much bigger payouts are possible with fixed odds betting on a single result.
The Bottom Line
Hope this detailed breakdown demystified what 1X, X2 and 12 betting means on 1xbet and other sportsbooks. While the house edge is higher, double chance wagers can be a smart play in certain situations where you want a little extra insurance!
If you have any other gambling or betting-related topics you want me to cover, feel free to reach out! I‘m always happy to provide insight and analysis. Thanks for reading!