We are only months away from Euro 2024. You’ve made your travel plans, got your tickets, but is there something you are forgetting about? It’s time to place your Euro 2024 bets, of course!
These might still feel like early days, but you need to get the ball rolling on your Euro 2024 betting strategy right away.
Not sure how to bet on the Euro? Here’s a simple guideline:
- Research soccer betting sites and find the right one: The first step is to do your research and find the right betting site. Here in this guide you’ll find the best soccer betting sites in Australia.
- Research the odds: Understanding the odds increases your chances of winning. Check online for team odds, decide your risk level, and do thorough research. Look for good value. You can also look up individual player odds and customised bets.
- Sign up for a site: Step three is setting up an account with the betting site. Every site has its own procedure - Bet365 will be different from BetRight - but they’re generally quite similar. Follow the site's instructions, complete your details, confirm your age, choose a deposit method, and you're all registered.
- Go to the Euro 2024 section: The website should have a dedicated Euro 2024 section since it’s one of the biggest sporting events of the year. Go to the Euro 2024 section of the site once you find it.
- Add to your betslip: Now that you're set, look for the bet you prefer and add it to your betslip. After that, you can place your bet. There are various bet types such as Win Outright, Full Time Results, First Goal Scorer, and others. Research in advance to pick the right one for you.
Understanding Odds
Odds in sports betting are like the tipster down the pub giving you their two cents on what's likely to go down. They're a way of measuring how probable the bookies think something is to happen, whether it's your beloved team winning the tournament or that cheeky longshot causing an upset.
Odds are typically presented in three formats: decimal, fractional, and American (moneyline). Lower odds indicate a higher probability of the outcome happening, while higher odds suggest a lower probability.
Bookies assign these odds based on the recent performance of the teams. Certain other factors, like history in the competition, grouping, and return of star players are also taken into consideration.
When betting on Euro 2024, you can bet on teams winning the championship. Apart from that, you can also bet on individual matchups. Switzerland, for instance, are at 81.00 to win the tournament. Grant Xhaka and company, however, are much likelier to win their Euro 2024 opener against Hungary.
Should You Play it Safe With Odds?
What should be your betting philosophy? Go big or go home? Or be a steady Eddie and stay happy with minimal returns? For those with a predilection for higher risk and the potential for substantial returns, pursuing underdog outcomes with elevated odds may be an attractive proposition.
Conversely, individuals seeking a more conservative approach might gravitate towards established favourites offering smaller, yet more predictable, payouts.
We advise opting for a diversified portfolio. Take some daring bets, but refrain from investing excessively in them. Also, consider placing low-risk bets to reduce overall risk.
For instance, you could bet on England winning Euro 2024 at odds of 4.50. Simultaneously, you might bet on Luxembourg reaching the quarterfinals at odds of 25.00.
Should You Shop Around and Compare Odds?
Of course, you should explore odds from multiple bookies before making a final betting decision. Chances are, they’ll offer different odds for the same event.
So, by comparing odds across a few bookies, you can find the best value. Even a small difference in odds adds up over time and adds a significant sum to your profit.
That’s why a platform like MyBetting can be a valuable tool for sports betting. Here, you will find odds from multiple sources at the same place. So it becomes much easier to compare and pick the best bets.
Most Popular Markets
Betting sites will offer a myriad of Euro 2024 betting markets. Some of these will be nothing but gimmicks to attract amateur gamblers. They rely too much on luck, so you can’t expect to establish a trend by researching relevant data.
Here are some of the most popular markets you will find on Euro 2024 betting sites:
- Outright Winner: This is the simplest yet the most popular market. All you need to do is predict the winner of the tournament.
- Top Goalscorer: Predict which player will take the Golden Boot home.
- Name the Finalists: Win big by predicting the two teams that will walk out of the Olympiastadion tunnel on July 15.
These are the most popular Euro 2024 betting markets because:
- These picks can be backed by substantial research, statistical data, and expert analysis. For instance, you can analyse the current form of strikers to determine the best pick for the Euro 2024 Top Goalscorer.
- All bookmakers offer these markets. The wider availability gives you the chance to compare odds and go for the most lucrative offer. For example, both Playup and Getsetbet might offer odds, but one has a better rate and you can choose to go with that.
Outright Betting Explained
Outright betting involves placing a wager on the grand narrative of an entire tournament or competition. Instead of individual matches, you will attempt to foretell the outcome of the whole competition. Who will win Euro 2024? That’s an outright bet. Who will score the highest goals in Euro 2024? That's also an outright bet because it's based on the whole tournament.
Single Bet
Single bets are straightforward wagers placed on a single outcome. The beauty lies in its simplicity. There’s no need for multiple results to fall your way, just one clear winner, and you’re quids in.
Perfect for beginners and seasoned punters alike, single bets offer a clean-cut chance to test your footballing foresight.
Let's say you're betting on a single football match between England and France. You expect England to claim the bragging rights. You bet $10 on England to win with odds of 2.00. If your prediction is correct, you will get a payout of $20 ($10 stake x 2.00 odds), which includes your original stake plus a $10 profit.
Accumulator Bets
Accumulator Bets, or ACCAs, can help you win big, but they are quite tricky. ACCAs combine multiple match outcomes into one grand wager. You'll predict the results of a series of matches, and all of them must go your way to receive the payout.
Let's consider an accumulator bet involving three football matches:
- France vs. Germany - You bet on Germany to win at odds of 2.00.
- Italy vs. Finland - You bet on Italy to win at odds of 1.80.
- Turkey vs. Hungary - You bet on Turkey to win at odds of 1.90.
You merge these three separate bets into a single accumulator wager. If all three choices win, your accumulator bet succeeds. Here's how the potential payout is calculated: $10 (stake) multiplied by 2.00 (odds for Germany) multiplied by 1.80 (odds for Italy) multiplied by 1.90 (odds for Turkey) equals $68.40. That’s a tasty return, huh?
But remember, it's all or nothing with ACCAs. If even one of your picks fails, the whole bet goes bust, and you lose your money.
Team vs. Team Betting
Fancy pitting two teams against each other in a betting showdown? Match betting, also known as team vs. team betting, lets you predict the outcome of a specific game. Correctly predict who'll reign supreme, or if it’ll be a stalemate, and get your reward. Team vs. team betting comes in the following variations:
- Win-Draw-Win: This is the most basic team vs. team bet. Will Team A smash it, Team B cause an upset, or will it be a nail-biting draw? Each option has its own odds, based on the bookies’ predictions about how strong each team is and how they’ve been playing lately.
- Double Chance: This variant allows punters to mitigate risk by covering two of the three possible outcomes in a match. You pick two out of the three outcomes – Team A wins, Team B wins, or a draw – so you're covered even if your prediction isn't spot-on. While the odds might not be as juicy as a straight-win bet, it will keep your heartbeat in check.
- Correct Score: This bet's all about predicting the final score down to the last goal. Think you can call a 4-0 drubbing or a nail-biting 1-1 draw? While success in such a wager can be elusive, it frequently offers higher odds and potentially substantial payouts.
- Both Teams to Score (BTTS): This one's simple: will both teams find the net, no matter who wins? It's a popular choice, especially when two attacking teams (or teams with dodgy defences) are facing off.
Strategies and Betting Tips
Here are the steps you need to take to set up your Euro 2024 betting strategy:
- Do Your Homework: Since you are here, you already know this! Check team form, injuries, who's been on fire lately, and even past head-to-heads – anything that could give you the edge. Germany hasn't won a knockout game in a major international competition for eight years. Should this make you cautious about betting on them? Kane has scored more goals than any other European player in the last three major international tournaments. Does this make him the top contender to win the Euro 2024 Golden Boot?
- Set Your Goals: Setting up a clear betting vision is also important before you start placing bets. Are you hoping to turn a steady profit, back specific teams or players you fancy, or just have a bit of fun with some casual bets? Knowing your goals will help you decide what bets to make.
- Set a Strict Budget: Gambling can be addictive, so make sure you keep your temptations in check. Determine a fixed amount that you are happy to spend, and make sure to never spend more than it. Most of the time, chasing losses is like chasing a mirage-it will lead to further agony.
- Check for Higher Odds Across Various Platforms: Don’t just settle for the first odds you see. The odds for a certain market can be different across various betting apps. So, make sure to look around, find the best odds, and maximize your winning potential.
- Stay Updated and Act Accordingly: Be prepared to adjust your betting game like a seasoned manager. Injuries, surprise upsets, suspensions – all can throw a spanner in the works. Stay on your toes, keep an eye on the latest news, and be flexible with your bets. New opportunities might pop up faster than a free pint on a sunny Saturday, so be ready to pounce!
Bonuses and Promotion
With Euro 2024 looming large, bookmakers are pulling out all the stops to lure you in with juicy bonuses and sweet deals. Here's a taste of what you might find:
- Welcome Bonuses: Opening an account with a bookmaker during the Euro 2024 period is likely to entitle users to a welcome bonus. This could come in various forms, such as free bets, deposit matches, or enhanced odds on selected matches.
- Enhanced Odds: Bookmakers such as Wellbet and Bet365 regularly offer enhanced odds on specific matches or outcomes during Euro 2024. This means punters could enjoy higher-than-usual odds on selected bets, potentially leading to increased winnings.
- Cashback Offers: Cashback promotions could be available, where users receive a percentage of their losses back as a bonus or cash reward.
- Special Promotions: Bookmakers may introduce special promotions tailored specifically for Euro 2024, such as predictor games, prize draws, or loyalty rewards for frequent bettors.