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Betting on Penalties

Do you think The Euro2020 Final between England and Italy will be decided by a penalty shootout? - Take no chances, and get some great odds [for small stakes] on England or Italy to lift the Trophy, Penalties, or no penalties.

You can get £5 at 15/1 England or 16/1 Italy to win win Euro2020, even if it goes to a penalty shoot out

Best Betting site for Betting on Penalties.

Whilst Marathon bet came out with numerous penalty betting options, Bet365 was very good in the odds being offered

With the particular match we looked at, they not only offered the best odds for a penalty to be scored but also had the equal best odds for the NO option too - You can't say fairer than that and well-done Bet365 for a fairly unique offering.

Ranked #1 for Penalty betting odds
4.5 out of 5
320 Ratings
Offering excellent odds and arguably the biggest football betting options online Bet365 are a must have for anyone betting on football
  • Fantastic odds
  • One of the best for football betting
  • Established betting brand
Up to £100 in Bet Credits for New Customers
Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
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A close second for best odds on naming a team to be awarded a penalty was William Hill, so we would suggest taking a look at their football betting offering.

Marathon have a great range of penalty betting options

More Penalty betting Options than Other Bookies
3.6 out of 5
21 Ratings
Marathonbet are the best bookie for Odds on football and also offer the best penalty betting options too
  • Excellent Platform
  • Great Penalty Betting Options
  • Huge Football Betting Markets

We've looked at various bookmakers and the options provided for betting on penalties. We were surprised by the results and present what options are available and who you should bet with. 

We looked at bookmakers such as MarathonBet, Betway, Bet365,  William Hill and more.

The research is from the 2nd round of groups games of the World Cup and Denmark v Australia where I looked at which bookies had penalty betting options

MarathonBet had the largest number of betting options available including the occurrence of a penalty

They had the YES/No option on a penalty being awarded. They also had Yes/No options for either team being awarded, as well as yes/no options of either team either scoring or missing a penalty.

Just the above options outstripped anything else on offer from any of the other named bookmakers

Add to this, penalties included in doubles that included,

  • Penalty to be scored + Sending off
  • Penalty to be missed + Sending off
  • Penalty to be scored and No red card
  • Penalty to be missed and NO red card

And MarathonBet had by far the widest options of betting on penalties available

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Betting on VAR

With the implementation of VAR throughout the game now, not only can bets be affected, and penalty betting especially, affected by VAR, you can even make bets which predict events including VAR decisions.

For more options take a look over at Parimatch who include VAR betting options for every game

4.1 out of 5
25 Ratings
Parimatch offer live betting on more than 20 sports in 60 countries, with over 200 leagues and 600 sporting events, every day, 24 hours a day. With stats and analysis Parimatch is more than just betting
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Betting on VAR and in particular Penalties became a big thing during the World Cup in 2018. It is likely we will see some enhanced odds offers and price boost for other major football events in the future

Which penalty betting markets are available to bet on?

There are few options when it comes to betting on penalties, it’s a bit of a Yes/No game, and in many cases, even both of those options are not available, with mostly Yes being employed with no option to bet on there NOT being a penalty

Having reviewed 10 of the top bookmakers the following combinations have been found

  • Penalty to be awarded – Yes – No
  • Penalty to be scored – Yes – No
  • Variations of the above allocated to Team A or Team B
  • Penalty to be missed
  • 1st Goal to be a scored penalty

 and that’s pretty much it, although enough to get interested in on an event that on average happens once in every 5 games played

With the growing popularity of personal bet building and bet boosts there are other options to add a scored penalty to other elements that could happen in a match, such as Penalty awarded + a sending off with odds being offered on the probability of both occurring in a game, this is regardless of whether the penalty decision and the sending off are directly related or not

Which bookies can I bet on penalties with?

The following Betting sites offer varying options of betting on penalties in a game

Bookie Options
bet365 Both Y/N options on penalty Award in match or by team team
William Hill Penalty Awarded, Scored and missed options
Betway Penalty award yes/no, and one penalty was included in #betYourWay
Marathon Largest range of options
Ladbrokes Penalty to be awarded in the match
Betfair Penalty as first goal option - inc in OddsOnThat in 2 places, & Time slots
Paddy Power Penalty as 1st goal option and in the #whatoddspaddy
Unibet 6 penalty Y/N options, + 1st goal option and in combos


How should I consider penalties when betting on first goal scorers

It is always worth knowing who the free kick and penalty takers are in each team when betting on the first or any-time goalscorer markets.

Many years ago, when online football betting was introduced there was many a time, when a side may have a hammer right-footed defender in charge of penalties and as a result, odds of 33/1 were commonplace for a winning FGS bet

That is not so much the case these days, especially in the higher echelons of the major European league, but dig down a little deeper to the lower level league and even non-league and you may be able to garner some information that perhaps the bookmakers don't have

Look in particular for local team news where the regular striker or penalty taker is out for whatever reason. Is there another player that has taken or scored a penalty in the team, who looks a bit overpriced ?

Can I bet on VAR decisions?

Some bookmakers have put their heads above the parapet in relation to VAR decisions. 

Unibet offered a £10 refund on selected games if VAR was used to change a decision and your bet went on to lose, and other firms have offered VAR related markets. 

These VAR opportunities may well expand now we know the influence VAR is having on the beautiful game. 

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