Online sports betting is on the rise, accompanied by the advent of the fourth industrial revolution. With just an internet-connected device like a smartphone, tablet, or PC, you can engage in online sports betting at various bookmakers. These bookmakers offer a wide range of exciting betting options with different payout ratios. One of the most popular types of bets here is the Penalty Over/Under bet. So, what exactly is the Penalty Over/Under bet? Let's delve deeper into this betting type and how to calculate it accurately.

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What is the Penalty Over/Under Bet?
The Penalty Over/Under bet is a type of wager where you predict the outcome of penalty shootouts from 11 meters to place your bet. In each match, bookmakers provide Penalty Shootout bets so that you can enjoy watching the game and have a chance to make some money. Let's learn more about how to calculate the Penalty Over/Under bet.

How to Calculate the Penalty Over/Under Bet Accurately
Many bettors wonder if calculating the Penalty Over/Under bet is difficult. With this type of bet, it is similar to other Over/Under bets, with the only difference being that it relies on the results of penalty kicks to determine the final score. According to FIFA's rules, in any match with penalties, both teams will have five penalty kicks each. Your job is to predict how many successful penalty kicks both teams will have.
If you are new to online sports betting, you might find it challenging to place the Penalty Over/Under bet. This is because once the penalty shootout begins, both teams are evenly matched, and besides skill, luck plays a significant role in the overall outcome. Due to this factor, the odds for this type of bet are usually high, attracting many betting enthusiasts to participate every day.

Penalty Over/Under Betting Odds
When playing Penalty Shootout bets, you need to remember that each Penalty Over/Under bet has specific odds for you to decide whether to bet on Over or Under. Let's take a look at the odds for Penalty Over/Under bets:
Penalty Over/Under 0.5 - 1/2
If the total number of goals in the first half is greater than 0.5, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than 0.5, those who bet on Under win, and those who bet on Over lose their entire stake.
Penalty Over/Under 0.5 - 1 (3/4)
If the total number of goals in the first half is greater than or equal to 2, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than or equal to 2, those who bet on Under win, and those who bet on Over lose their entire stake.
In case the score is equal, those who bet on Over win half their stake, and those who bet on Under lose half their stake.
Penalty Over/Under 1
If the total number of goals in the first half is greater than or equal to 2, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than 1, those who bet on Under win, and those who bet on Over lose their entire stake.
In case the score is equal, it's a draw, and both sides receive their initial stake back.

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Penalty Over/Under 1 - 1.5 (1.25)
If the total number of goals in the first half is greater than or equal to 2, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than or equal to 1, those who bet on Under win, and those who bet on Over lose their entire stake.
In case the score is equal, those who bet on Over win half their stake, and those who bet on Under win half their stake.
Penalty Over/Under 2
If the total number of goals in the first half is greater than or equal to 3, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than or equal to 1, those who bet on Under win, and those who bet on Over lose their entire stake.
In case the score is equal and equals 2, both sides receive their initial stake back.
Penalty Over/Under 2 - 2.5 (2.25)
If the total number of goals in the first half is greater than or equal to 3, those who bet on Over win, and those who bet on Under lose their entire stake.
If the total number of goals in the first half is less than or equal to 1, those who bet on Under win, and those who bet on Over lose their entire stake.
In case the score is equal and equals 2, those who bet on Over lose half their stake, and those who bet on Under win half their stake

Tips for Winning 100% on Penalty Over/Under Bets
Because both teams are evenly matched in penalty shootouts, luck plays a significant role in determining the outcome. Therefore, accurately predicting penalty outcomes can be quite challenging. So, is there a way to easily calculate penalty bets? Let's explore some tips that can help you win 100% on Penalty Over/Under bets at bookmakers:
Choose the Right Type of Bet
In the case of Penalty bets, bookmakers consider only the first 10 penalty kicks from both teams, and this type of bet requires high skill. So, if you're a novice player, make sure to choose the most suitable type of bet. Think carefully before making your betting choices to avoid making the wrong decision and losing your stake.
Learn About the Penalty-Taking Abilities of Both Teams
If you're passionate about football, learning about the penalty-taking abilities of players shouldn't be too difficult. Football enthusiasts often have a good understanding of the penalty-taking skills of famous teams. However, not every match will have penalty shootouts.
Before the match starts, focus on researching the penalty-taking abilities of the players in the football teams involved.
Place Your Bets When Both Teams Have Taken Penalty Kicks
For added safety, you can place your bets when both teams have already taken penalty kicks in the first shootout. At this point, you'll have a clearer picture of the game's dynamics and the penalty-taking abilities of both teams.

Most Penalty Over/Under bets are based on luck and lack precise statistical data compared to other types of bets. Therefore, placing bets when both teams have taken their first penalty kicks is the easiest strategy. Additionally, keep an eye on both teams before deciding to bet on the Penalty Over/Under.
Choose the Most Suitable Type of Bet
Lastly, my final tip is to choose the most suitable type of bet. Different bookmakers offer various Penalty Over/Under bets for you to select from before the shootout begins. Due to this variety, it's crucial to distinguish between them and avoid placing the wrong bet, which could lead to losing your wager.

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In this article, I've shared information about what Penalty Over/Under bets are and how to calculate them accurately. I hope that with the tips I've provided above, you can apply them effectively and excel in this type of betting. Enjoy the entertainment and start making money at the bookmakers!