Betting For and Against

When you place a bet For the event’s outcome for the chosen participant of a tournament (a person, a team, a horse, a dog etc.), you are betting in favour of the event happening. That should remind you of placing a standard bet at a bookie’s office.

On the other hand, when you place a bet Against the outcome for the chosen participant, you need the opposite to happen in order to win. For instance, you can place a bet against Chelsea FC. In this case you are claiming that Chelsea will not win the upcoming match. In other words, your bet wins, if they lose or the match results in a draw. That is also more or less what traditional bookies do. Continue reading »