How Do Penalty Shootout Bets Work? Should You Try This Betting Market?

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How Do Penalty Shootout Bets Work? Should You Try This Betting Market?
Interested in betting on penalty shootouts but not sure how it works? Is this type of bet risky or worth a shot? Penalty shootout betting can bring both excitement and challenge, especially during intense knockout matches. In the article below, Win Tips will walk you through how this market operates, what factors to consider, and tips to increase your chances of winning. If you’re thinking of diving into this special betting option, don’t skip this detailed guide.
What Is a Penalty Shootout Bet?
After the standard 90 minutes of play (first half + second half), if the two teams are still tied, they will move on to 30 minutes of extra time (first and second extra time). If the match remains tied after extra time, it will proceed to a penalty shootout.
Each team is allowed a maximum of 5 penalty kicks. A draw will determine which team takes the first penalty. After that, the teams alternate until all five rounds are completed.
The team that scores more penalties wins the match. If both teams score the same number of penalties after 5 rounds, they will continue to take one penalty each until a winner is determined.
A penalty shootout bet refers to a type of football wager where the player predicts the outcome of the penalty shootout.
The result of this bet depends solely on the penalty shootout score. If your prediction is correct, your payout will follow the odds you selected when placing the bet.
Is It Difficult to Place Penalty Shootout Bets?
In terms of gameplay, this is a fairly simple and easy-to-understand side bet. However, reputable bookmakers often have specific rules and conditions for this type of wager.
Although it's all considered "penalty betting," different top 100 bookmaker may offer various penalty-related side bets. These may include:
Betting on penalty saves
Betting on goals scored into the left corner
Goals into the right corner
Team to win the shootout
Team to lose on penalties
Because of this variety, it's important to carefully read and understand the rules for the specific penalty bet offered by the bookmaker before placing your wager.
These bets are typically well-explained on the platform, allowing players to place bets easily and without confusion. The most important aspect is having accurate match data and odds to base your predictions on.
Additionally, the match you're betting on must go into a penalty shootout. Only then will this type of market become available for betting.
Key Things to Know About Penalty Shootout Bets
The standard distance for a penalty kick on an 11-a-side pitch is 11 meters—from the penalty spot to the goal line.
Each team takes five penalties initially. The team with the most goals after five kicks wins. If the score is still tied, both teams take one penalty each until a winner is determined.
Only players who were on the field at the end of regulation or extra time are eligible to take penalties, even if they came off the bench during the match.
Depending on the tournament and organizing body, the match may skip extra time and go directly to penalties after the 90 minutes if there's no winner.
Each player can take only one penalty during the shootout.
Teams alternate penalty takers, one at a time.
The referee must blow the whistle before each penalty is taken. Any shot taken before the whistle is blown will be disallowed.
Penalty shootout bets often come with many side bet options, so make sure to understand and choose the right one for your betting style.
Final Thoughts
The above information covers everything you need to know about penalty shootout betting. Even though this is considered a side bet in football, many bookmakers make it exciting by offering high odds or adding different variations to the market.
As such, this bet type offers a fresh and unique experience with a variety of wagering formats. If you’ve never tried it before and want to test your luck, just visit a trusted bookmaker and place your first penalty shootout bet!
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