Place Your Bets On The Champions League
Since the beginning of the Champions League, or European Cup (as it's historically known)
, there has been Champions League betting.
It is an Association annual competition first organised in 1955. The UEFA designated it the top football club trophy to be competed for in the European football competition.
Champions League betting is a popular pastime, and has become a time-honoured tradition since the league was first organised.
Before 1992, tournaments were officially known as European Champion Clubs Cup or simply the European Champions Cup. The best of the best from each country were allowed to participate. Also during the nineties, tournaments expanded and incorporated round robin groups, and more teams were allowed to participate.
There are several stages to the tournaments, usually beginning in the middle of September with three qualifying rounds of the knockout type. There will be a total of thirty two teams in this group stage, breaking down to sixteen and then eight groups with four teams for each.
This makes for many options in regards to betting possibilities. As each team is eliminated, more betting continues with the winners until the final round of elimination in late May. Wagering on these competitions weekly, usually on Tuesday and Wednesday nights can get hot and heavy, especially later in the season. Depending on the odds, there can be good money when a bet is won.
Each team in a group plays the other three twice, once on the road and once at home, with a score of three points for each win awarded. Next the top two teams from each of the competing groups advance to the next highest round.
Betting commences after a competition with wagers placed on who will win the next round. A lot of money can be won or lost on the winners from each round, well before the final competition and the ultimate winner is declared.
With such a rich environment of wagering opportunities, it is not surprising that large amounts of money exchange hands during the time between September and the following May each year.
If Champions League betting is conducted through an online sports book, odds may be determined in any of several ways, with Decimal, American, and Fractional being the most common.
*American odds may be expressed as either for favourites or for underdogs. When betting on the favourite the bettor must put up one dollar twenty cents for each one dollar they win. Betting the underdog however, they need only bet the one dollar and may win one dollar ten cents.
*Decimal odds mean any winnings are calculated by the use of a decimal point and are simpler to understand. If the bet is one dollar with odds at 2.32 winnings would be two dollars and thirty two cents for that one dollar. Getting the original bet of one dollar returned along with the thirty two cent gain. Of course this sounds better when the amount is in hundreds of dollars.
*Fractional odds are similar to the decimal odds but would be read as a line of 9/10, which means you bet nine dollars and win ten.
by: Vickram Chandrer
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