The Asian handicap betting is today known as one of the most common forms of football betting.
Because more and more Asian bookmakers entered the European markets in the early 2000’s , it rapidly became extremely well known worldwide and if we are to talk about turnovers, I dare to saythat it exceeds traditional 1X2 European form.
The “Asian handicap betting” terminology was introduced for the first time in Europe by Joe Saumarez Smith, a journalist in 1998, when he was requested by Indonesian bookmaker, Joe Phan, to offer a translation of the betting way named as “hang cheng betting” by bookmaker in Asia. The new betting format turned out to be successful and soon became a mandatory option for all bookmakers all pver the world.
The “hang cheng” betting itself is estimated to be invented somewhere in the Far East, perhaps in the early 1990’s. Nevertheless, “hang cheng” or “asian handicap”, is similar to “spread betting” in terms of techniques, which was discovered much earlier by Charles K. McNeil, a Chicago bookmaker in the 1940’s. The distinction between “spread betting”, also known as “points spread”, and “asian handicap”, is that the first one is based on points rather than on goals and therefore it is known so in the United States mostly or when we talk about US sports. But if we consider the NBA points as “goals”, it is one and similar to each other, even if the “Asian handicap” term almost relates to football betting.
What can ASIAN HANDICAP BETTING??
There are no winners or losers when you take Asian handicap betting. Let’s say that Manchester United is quoted at 1.30 to win at home against Aston Villa, the draw is valued at 4.50 and Aston Villa to win is priced at 9.00. In Asian handicap terms, this match is transposed into a -1.5 spread for Manchester United and a +1.5 handicap for Aston Villa (spread is similar to handicap). Manchester United -1.5 will be valued at about 1.95, and Aston Villa +1.5 will be valued at about 1.95 too. What does the -1.5 spread mean? It does mean that Manchester United need to win by two goals or more, if you are to win your bet, supposing that you took them at -1.5. So only a 2-0, 3-0, 3-1, or other wins by two scores or more, means the -1.5 Manchester United spread was a winner. All the other scenarios will make +1.5 Aston Villa the winning bet, since they will lose by two or more, to stay out of the +1.5 spread.
This way it is the spread/handicap you get the decisive point, not the plain outcomes of the teams. So even if the team you bet on may lose or draw, you may still win your bet due to a good handicap (spread), even though it may happen just the other way around when you back a favorite with a -2 handicap let’s say, and if they only win 1-0, the bet is lost even if the favorite team was the winner.
Pinnacle Sports high limits – Asian handicap betting
When you choose an Asian handicap betting, the chances are often predicted to be at about 50% each way, as bookmakers try to balance things up and appeal to equal amounts of money both ways. Even though they use complex programs and employ smart traders for this aim, it is said that the standard Asian handicap offer is often the true reflection of the general opinion. An other word of saying, if bookmakers guess that about 50% of the money goes for Manchester United -1.5 and the other half for Aston Villa +1.5, this is the spread they will likely come up with, as “early odds” or “early offer”. The beginning spread/handicap may change by the kick-off time and usually this is a outcome of the money involved. Things which usually change a spread from its initial (early) estimation, are players’ injuries, different breaking news which weren’t known before, but also enormous amounts of money bet in a short period of time even if there are no rules for that. There are exceptions of course, but we will discuss them later.
But the most obvious benefit of the Asian handicap betting is the market itself. Because of a simpler way for bookmakers to balance the money, Asian handicap markets are known as the high liquidity markets. So to sum up, you can bet much more money on the Asian handicap markets than on traditional 1X2 markets. This also makes them to provide low margins markets, also known as decreased vigorish, which means better odds. It is often seen that while the best traditional European bookmaker will provide 1,90 for 1 – the home team to win (1X2 market) – the same bet can be seen in the Asian handicap format, only that it will be known as -0.5 and the odds will be almost always bigger – 1.98 instead of 1.90 for instance, which is a BIG difference and often delimitate a winning punter from a losing punter.
The table below for the Asian handicap rules:
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