From extra time to victory: Mastering the penalty shootout bet

Other than the usual 90 minutes of football, you can also place penalty shootout bets. Soccer matches in a knockout format cannot end without a winner. Extra time happens to break the tie, and a penalty shootout is played if it’s still a draw. These are exciting climactic moments that you can bet on at Sportsbet.io.

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Want to know how to bet on extra time and penalty shootouts? Get started with overtime betting with this guide from Sportsbet.io!

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How does extra time betting in football work?

Every sportsbook has different rules regarding extra time betting in football matches. At Sportsbet.io, the general rules state that markets are based on the results of the standard 90 minutes, including injury or stoppage time.

Penalty shootout betting is seen as a unique opportunity in football, as it's not part of the standard match format. Most football tournaments feature group stages with round-robin formats, followed by knockout stages where penalty shootouts can occur.

Best betting markets in knockout stage matches

The knockout stage follows a single-elimination bracket format where the winner advances and the loser is eliminated. Unlike in European domestic leagues, a winner must be declared, so matches can’t end in a draw. This is when betting on extra time and a penalty shootout is possible.

Knockout stage betting will often include these markets:

• Full-Time Draw (90 Minutes) — A bet referring to the outcome of a draw in regular time (90 minutes).
• To Qualify (Including Extra Time and Penalties) — A market available only in earlier rounds of the tournament, where you bet which team will make it to a certain stage. Examples include ‘to qualify for quarterfinals’ or ‘to qualify for semi-finals’.
• Match to Go to Penalty Shootout? — Bet on ‘yes’ or ‘no’ if you think the match will reach the sudden death stage to decide the winner via a penalty shootout.
• Double Chance — A winner bet where you can bet on two out of three outcomes. Possible combinations can be: team 1 wins or a draw, team 2 wins or a draw, either team 1 or 2 wins.
• Under 2.5 Total Goals — Bet ‘under’ if you think the match will only reach up to two goals from both sides, or ‘over’ if you think there will be more.

Extra time is not part of regular football bets

Extra time betting has its dedicated list of markets separate from regular football bets. The main distinction is that they count the results of events after the standard 90 minutes.

Some examples at Sportsbet.io include overtime 1x2 betting or total score over/under (including overtime). We identify them as part of football overtime betting because they specify events that are outside of regular time. Overtime penalty betting is possible with these examples:

Defining extra time in sports betting

A regular time in football consists of two halves, with 45 minutes each, divided by a 15-minute break. What comes after these two halves is the football extra time, and it only happens if regular time ends in a draw. These make up the three stages of a football game, namely 1st half, 2nd half, and extra time.

To clarify, here’s an example scenario:

• Team A scored a goal in the 1st half.

• Team B equalised the scores in the 2nd half.

• The correct score for the match is 1-1, leading to extra time.

• During extra time, Team A scored and won the match 2-1.

The full-time result is still a draw (1-1), but extra time bets declare Team A as the winner. Given the above scenario, the following bets should win:

Betting Markets Available (with Odds)

Penalty Shootout

In the example given above, the penalty shootout in football did not happen. So, ‘no’ in the market ‘penalty shootout occurs’ is the winning outcome. This stage of the match only happens if extra time still ends in a draw.

Here’s an example scenario when a penalty shootout needs to happen:

The penalty shootout happens after extra time. Each side has five chances to take the shot and score a point. After all five rounds are done, the winner is whichever side has the lead.

With the above scenario, the following betting markets and outcomes win or lose:

Betting Markets and Outcomes

If both sides are still tied after the penalty shootout, then football overtime rules call for a sudden death. In this stage, both sides get an extra round to take a penalty kick. The first round, where one side scores and the other misses, determines the winner of the match.

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Golden Goal

FIFA once introduced the Golden Goal in 1993. It’s a system where the team that scores the first goal in extra time is the winner. The Silver Goal rule briefly replaced the Golden Goal. Under this rule, if a team was leading at the end of the first half of extra time, they would be declared the winner, and the match would not proceed to the second half.

Neither the Golden Goal nor the Silver Goal methods are used today in any FIFA-authorised tournament. All football overtime rules now follow the full-time method (30 minutes), followed by the penalty shootout.

Teams historically strong in penalty shootouts

The penalty shootouts are available in most elimination formats, but they happen rarely. Five countries, on the other hand, have plenty of opportunities to play penalty shootouts. They also have the best win-total ratio of all national football teams.

These are the top-performing national teams by number of penalty shootouts played in major league tournaments and how many times they won:

The biggest concern with penalty shootouts is their unpredictability. Even the giants aren’t immune to pressure, which makes the team above impressive. Germany, for example, is known for their clinical and composed penalty kicks, having the highest winning percentage out of all national teams.

Argentina, on the other hand, has played and won the most penalty shootouts in history. Although their frequent involvement slightly lowers their win rate, they are still the most experienced team in extra-time situations. Croatia and Brazil, on the other hand, are more volatile with their performances, but both still maintain win rates above 50%.

France’s performance is near the average compared to other national teams. They made it to the top five list because they have more penalty shootout involvement in higher-level competitions than Spain or Italy. That said, their performance is still unpredictable for penalty shootout betting.

Extra time betting strategies in football

Having a strategy can make betting on penalty shootouts more fun and rewarding. Here are three examples you should try to improve your chances of winning:

Consider pressure when betting

Crowd cheers and boos also factor into penalty awarded betting, because of their psychological effects. They can inspire confidence or intimidate the players, adding complexity to the game. It’s how home base advantage works, so the host team usually has better odds in a penalty bet.

Review players’ history

The penalty shootout rules indicate that the coaches decide who takes the shots. Factors that will affect this decision are players’ history and form, so you can somewhat predict who is likely to be selected. Compare their records with each other for an accurate prediction in penalty betting in extra time.

Think about fatigue

The penalty shootout happens after 120 minutes, and players tend to be winded at this point, especially if they played during extra time. Consider that the selected players for the penalty shootout are fatigued. Being tired can cause players to make mistakes like missing the timing or aim.

Penalty shootout betting tips

Here are some easy penalty shootout betting tips for beginner bettors:

Review the team’s penalty shootout history

Players like Vitinha, Ivan Toney, and Cole Palmer have better track records in this stage of a football match. Online databases have similar information on all players and teams, so refer to them when betting on penalty shootouts.

Consider betting on long-shots

UEFA Nations League superstars like Erling Haaland and Alvaro Morata are impressive strikers, but not guaranteed to perform well in penalty shootouts. Giant killing has happened because of a penalty shootout like Morocco vs Spain (3-0 in penalties) in the 2022 FIFA World Cup. Place your bets on the underdog for an exciting long-shot odds win.

Hedge your bets

Hedge betting is about minimising risks or locking in profit by placing additional bets to counterbalance your first wager. The penalty shootout is the perfect opportunity to finalise your predictions on the outcome of the match.

Explore more dynamic football betting with Sportsbet.io

The extra time and penalty shootout are an extension of a match, but are distinctly separate from the regular 90-minute length. Sportsbet.io treats it as a special occasion rather than an expected inclusion. This explains why most betting markets do not include it, and are instead given unique sets of betting options.

Extra time and penalty shootout betting still benefits from our exclusive promotions. You’ll see plenty of fun offers right here for some of the top competitions with knockout brackets. That includes the FIFA World Cup, UEFA Nations League, UEFA Euro Championship, and more.

Frequently Asked Questions

Learn more info about overtime football betting with these quick answers:

What is the meaning of the penalty awarded in betting?

If the player commits a free kick offence inside their team’s penalty area, then the opposing team is awarded a penalty kick. This is not the same as penalty shootouts after extra time.

Does extra time count in football betting?

Yes, but only for markets that specify their involvement. Most regular markets do not include results happening after the first 90 minutes.

Does penalty shootout count in betting?

Yes, but only for markets that specify overtime and a penalty shootout.

Is overtime valid in football betting?

Yes. Overtime is valid in football betting, but only if the bookmaker offers the markets for it.

Are there special bets for football overtime?

Yes. There are markets for individual players or outcomes unique to extra time.

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