Understanding Penalty Bets: What They Are and How They Work

Understanding Penalty Bets: What They Are and How They Work
Penalty betting is often seen as a “golden chance” in the final moments of a match — a high-stakes option favored by experienced punters. Because these bets only appear under certain conditions, many newcomers are still unsure how they function. So, what exactly is a Penalty bet? Let’s break it down with insights from win tips bet.
To get a clear picture of this betting market, it helps to know what a penalty shootout entails. This is the 11-meter showdown that takes place in knockout-stage games — such as quarter-finals, semi-finals, and finals — when the score remains tied after full-time and extra time.
The shootout ultimately decides which team advances or lifts the trophy, and that’s where the Penalty bet comes into play.
What Is a Penalty Bet?
Penalty bets are betting options provided by the 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: top 5 best basketball prediction site?
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.