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Penalty Bet: Definition and Specific Types of Wagers
Penalty betting is considered a “last-minute jackpot” opportunity for seasoned bettors. However, since this type of bet doesn’t appear often, many players still aren’t clear on how it works. Let’s explore with Wintips: what exactly is a Penalty bet?
To understand this betting type, you first need to grasp what a penalty shootout is. It refers to the 11-meter shootout phase used in knockout matches (e.g., playoffs, quarter-finals, semi-finals, and finals). This occurs after 90 minutes of regular time plus extra time, if no winner has been decided.
The penalty shootout determines the final winner of the match.
What Is a Penalty Bet?
Penalty bets are betting options provided by the best online bookmaker specifically for the penalty shootout. Bets are placed based on stats like number of penalty kicks, number of successful shots, and the winner of the shootout.
This is the final betting opportunity in a football match, often referred to as a “last chance to cash in” by experienced players.
The betting forms are diverse, the analysis is exciting, and the chances of winning are quite reasonable. So, if you're aiming to earn rewards from football betting, don’t overlook this exciting style of play.
Types of Penalty Bets
Penalty shootout betting includes several variations:
1. Yes/No Bet (Will There Be a Penalty Shootout?)
This bet is available before the match starts, especially in knockout stages where a penalty shootout might be necessary. There are two betting options:
Yes: You bet that the match will go to penalties.
No: You bet that the match won’t go to penalties (i.e., a winner will be decided in 90 minutes or extra time).
Players have a 50/50 chance of winning, but this type of bet is quite risky and hard to predict, as a single mistake or a striker’s brilliance could end the match earlier.
2. 1X2 Penalty Shootout Bet
This bet focuses only on the first five kicks per team in the penalty shootout. The team with more successful kicks in the first five wins. Betting options include:
Home/Away Win: The team that scores more out of the first five penalties.
Draw: Both teams score the same number of goals in their first five attempts.

See more: how to win millions in betting online?
3. Penalty Winner Bet
Unlike the 1X2 Penalty Bet, this one counts all penalty kicks, not just the first five. You’re betting on the team that wins the shootout overall, regardless of the number of kicks taken. Two options:
Home Team Wins
Away Team Wins
While it's still a 50/50 bet, this one offers better betting angles than the Yes/No bet. You can consider factors like goalkeeper form and the lineup of players chosen to take penalties.
4. Handicap Penalty Bet
This uses the number of successful penalties in the first five kicks to set a handicap line. The bookmaker identifies the stronger team and gives a suitable handicap (usually 0.5–0.75 or 1 goal in Asian handicap format). Two betting options:
Team Giving Handicap Wins
Team Receiving Handicap Wins
5. Over/Under Penalty Bets
There are two main Over/Under (O/U) formats for penalty shootouts:
O/U Total Shots: Based on how many penalty kicks are actually taken. While the maximum is 10 (5 per team), a result might be decided earlier. Bookmakers often set the line at 7 or 8. You bet whether the shootout will require more or fewer kicks.
O/U Total Goals: This bet looks at the total number of successful penalties in the first five kicks of each team and compares it with the bookmaker's line.
Tips for Betting on Penalty Shootouts
To make smart bets on 11-meter shootouts, consider the following factors:
Review past matches: Have these teams played shootouts before? Were their penalty takers accurate? How good were their goalkeepers at stopping penalties? Teams with past shootout wins usually remain calm and confident.
Goalkeeper quality: The keeper plays a vital role in shootouts. Their ability to save penalties makes up about 50% of the team's chance to win. Check historical penalty save stats and their reflexes. Often, underdogs win shootouts thanks to exceptional goalkeeping.
Check side bets and odds: For example, you can use the handicap line to reverse-bet on the 1X2 outcome. If a team is giving a handicap, they may have a 70% chance of winning in the first 5 penalties.
These are the key details about Penalty Bets, a unique and thrilling form of betting. Sharpen your skills and knowledge now to make the most of your “final shot” at winning!