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Penalty Shootout Bets: An Overview

Penalty shootout bets, also known as penalty bets, are not common in football betting due to the unpredictability of penalty outcomes. Most bettors rely primarily on luck for these bets. However, bet win tips has a foolproof method to ensure a 100% win rate for penalty shootout bets. But first, you need to know how to read and calculate the odds.

How to Calculate Winnings for Penalty Shootout Bets

Like other types of bets, bookmakers offer various forms of penalty shootout bets. Naturally, the calculation of winnings varies with each bet type. Below, we provide the most common method for calculating winnings:

Betting on Penalty Shootout Scores

Betting on penalty shootout scores offers the highest reward among all penalty bet types. However, it is challenging as it requires precise prediction of the shootout result before placing the bet.

Here are some examples of possible outcomes and their corresponding bookmaker odds:

In a match between Brazil and Serbia, if the penalty shootout score is 5–4, the corresponding odds are 7.20. If you place 100,000 VND on this exact score, your winnings will be 720,000 VND (100,000 x 7.20).

Over/Under Penalty Shootout Bets

Over/Under penalty shootout bets are common in knockout matches. Bettors predict the total number of goals scored in the shootout by both teams. Based on the bookmaker's result, if the total is higher, it's an Over bet; if lower, it's an Under bet.

For example, if the bookmaker sets the Over/Under line at 5.5 and the result is 6 goals, those who bet on Over win, while those who bet on Under lose their stake.

Handicap Penalty Shootout Bets

Handicap penalty shootout bets are similar to Asian Handicap bets. In this bet type, bettors wager on the favored team (the team giving the handicap) or the underdog (the team receiving the handicap) as determined by the bookmaker.

For instance, in a match between Brazil and Serbia, the bookmaker sets Brazil to give a 0.25 penalty kick handicap to Serbia. If you bet 100,000 VND on Serbia with odds of 0.65, and Serbia wins the shootout, your winnings will be 100,000 VND x 0.65 = 65,000 VND.

How to Accurately Read Penalty Shootout Odds

For new bettors, understanding how to read penalty shootout odds is essential for making the best bets. Each bet type has a specific way of reading the odds:

Handicap Penalty Shootout Bets

In this type, the two teams are shown in different colors, with the home team listed first. The number of penalty kicks given as a handicap is placed next to the favored team, and the betting odds are shown alongside the team names.

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Over/Under Penalty Shootout Bets

The names of the two teams are displayed in different colors, with the home team appearing first. The number of penalty kicks set by the bookmaker, usually over 7.0, is shown. The odds for the Over and Under bets are displayed alongside.

Tips for Winning Penalty Shootout Bets

Due to the difficulty in predicting penalty shootout outcomes, many bettors seek advice on how to improve their chances. Here are some tips to help you secure a win:

Analyze the Penalty Kick Probability of Both Teams

It’s crucial to analyze the penalty kick success rates of the players from both teams. Evaluate the number of players capable of taking penalty kicks and their past performance.

Understand the Penalty Shootout Rules in Football

Knowing the rules is essential for making accurate bets. Familiarize yourself with the penalty shootout regulations, as these can impact your betting decisions.

Place Bets After the First Penalty Kick

Unlike other bet types, you can place penalty shootout bets after the first penalty kick. The first kick can set the tone for the shootout, affecting the morale and performance of the team.

Assess the Goalkeeper's Ability

The goalkeeper plays a pivotal role in the outcome of penalty shootouts. Spend at least three days researching the goalkeepers’ performance, experience, and penalty-saving abilities.

Analyze Both Teams

In addition to evaluating players and goalkeepers, analyze the overall performance and past penalty shootout records of both teams. Consider their recent performance, head-to-head statistics, and the advantage of playing at home.


Vietnam’s number one top 5 bookmakers, Wintips, provides valuable information on penalty shootout bets. You’ll learn how to read the odds, calculate winnings, and apply tips to secure a win. With this knowledge, you can confidently place your bets without fear of inaccurate predictions.

Visit Wintips for more insights and strategies to enhance your football betting experience.

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