What is a Penalty Shootout Bet? Detailed Guide to Penalty Bets You Need to Know

Penalty shootout bets, also known as penalty bets, are a type of side bet in football betting that still manages to heat up the market. With a high element of luck, this betting type delivers unexpected emotions for fans watching the match. If you’re not yet familiar with this bet, follow this guide from the No.1 bookmaker win tips bet for the most effective penalty betting tips.

Definition of a Penalty Shootout Bet

A penalty shootout usually occurs when both teams finish regular and extra time with no difference in score.
When a winner must be determined, and the match remains tied after extra time, a penalty shootout will be conducted.

Due to its intensity and high stakes, penalty shootouts attract huge attention from fans thanks to their tense and dramatic atmosphere. To meet this betting demand, reputable online bookmaker w88 has introduced penalty shootout betting markets.

Unlike Asian or European handicap bets, penalty shootout bets are not stable or easy to predict. However, this unpredictability is exactly what makes them one of the “hottest” betting markets today.

Types of Penalty Shootout Bets

Penalty shootout bets only appear briefly at the end of the match. However, their variations are surprisingly diverse:

1. Bet on the Winning Team

With this bet, you predict which team will win after the penalty shootout ends. Many punters consider this the easiest penalty bet to win, as you can often judge the stronger team based on their performance in regular and extra time.



See more: Top 5 basketball betting overtime rules

2. Correct Final Score Bet

Here, you must predict the exact penalty shootout score between the two teams. While the winning probability is low, the payout is very high, making it a favorite for risk-taking bettors.

3. Over/Under Bet

Similar to standard Over/Under bets, penalty shootout Over/Under betting comes in two forms:

Over/Under on the total number of goals scored

Over/Under on the total number of penalty kicks taken

For total goals, the bookmaker will set a specific number. If you think the total goals in the shootout will be higher, bet Over; if lower, bet Under.
If the shootout goes beyond the initial 5 kicks for each team and still ends in a draw, the total number of kicks will count towards this market.

4. Individual Kick Bets

In this market, you bet on the outcome of a specific penalty kick. Therefore, before placing your bet, you should know the exact order of players taking the kicks. This type is popular because of its relatively high win rate and suitability for newcomers.

Expert Tips for Successful Penalty Betting

Below are 5 expert tips from wintips for betting on penalty shootouts effectively:

Choose the Right Bet Type
Bookmakers offer a wide range of penalty betting options. Select the one that best matches the match situation and your betting strategy.

Bet After the First Penalty Kick
Even a single event during a penalty shootout can change the outcome. By observing the first kick, you can make a more accurate prediction for the remaining result.

Review Head-to-Head History
Checking the teams’ recent matchups can give you valuable insight into their strengths and weaknesses, as well as psychological advantages that might influence the shootout.

Analyze Player Strengths
Study which players are likely to take the penalties, their past shootout performance, and any physical or injury concerns that may affect their accuracy.

Trust Your Own Judgment
Avoid being swayed by others’ opinions, as it may cause doubt and lead to poor decisions. Confidence in your own analysis is key to penalty betting success.

Penalty shootout betting has become a familiar market for football fans, especially in matches where neither team scores in extra time, and a shootout is needed to decide the winner. We hope these insights help you make smarter bets and increase your chances of winning.

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