Betting on football can take various different formats, some have high risks and potentially allow you to win lots, some are less risky but with one of these you're less likely to win as much. Researching the market to make sure you determine what you are betting on and that you understand sports booking the betting terms is essential as it's going to help you understand your prospects of winning.
Here are some of the different types of bet that will be available to you:

A win bet is the simplest type of betting, you bet on something definitive and positive to happen. For example Team A to win the game. This could apply to championships and also matches of-course.

An each way bet is in which you make two predictions. One for somebody to win, and one for them to nearly win. This is more applicable to aspects such as horse racing where you will discover more than two potential winners so you could place an each way bet for horse A to win or to place.

A lay bet is in which you bet on something to lose. So if you lay a team, you are betting that they won't win.

An accumulator bet is in which you make a series of bets and if each one goes the way you want it to, your stake plus the winnings from each element of the bet are put forward onto the next bet. This really is how many people manage to turn an extremely small stake in to a large winning.

Looking at the type of your team is very important which ever sort of bet you are looking at placing, as is looking at what has happened to their players. Should they happen to be having a winning streak it might look good at first glance, but if they're star player got injured within their last match and is out for the rest of the season then the bet for them to win might not be as good as it looks at first glance.

It's also vital that you think of just how much you may afford to lose as well. Being confident that you have made all the right choices is great, but there is still the possibility that you could get it wrong and so it is essential to ensure that you are not risking more than you can afford to when you decide on your stake (A stake will be the amount that you risk losing whenever you place the bet).

Odds can vary based on the kind of bet you are placing and also on the previous form of the team or player you are betting on. A team which is doing well is going to elicit odds that aren't as good as a team that is say lost all it's matches so far this season. It will also partly rely upon the team they may be playing against, and the status of all their players also, the main reason for this is the fact that they may be more very likely to have to pay you if you bet on a team that's more likely to win so the odds will be closer to the evens or 2/1 end of the scale, where as a team that's not been doing well and has it's star player out of action and is playing against a team that's top of the league is a lot less likely to win therefore you could improve odds if you bet on them to win.