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There's nothing more exciting than watching your favourite footy team earn a big win in the league while you collect a hefty payout for your troubles. Football betting has become a huge attraction since the explosion of online gambling, and thanks to several terrific sportsbooks punters can now earn big money on every game.

Regular season match betting is popular with many fans of the sport, as they back their club to the final week of the domestic competition. While football fans love to enjoy wagers on weekly Premier League (LINK) or La Liga fixtures, you will often find that the most bets are made during European or International competitions.

The World Cup is an obvious favourite amongst football lovers, and it should be no surprise seeing as the competition brings in some of the largest viewing numbers of any televised event. Similarly, the European-based Champions League has long been a source of big wagers from football fans. The tournament pits the finest domestic teams from around the continent against one another, and the betting numbers on the Champions League final are only exceeded by those on the World Cup.

Perhaps the best part about football betting - apart from actually collecting those lucrative cash payouts - is the massive range of bets available to the punter. Online sportsbooks (LINK) have outdone themselves with the number of football wagers offered, so if you are thinking about making a punt on an upcoming match be sure to find out what sort of wagers you can expect.

Money Line

Betting on the money line is the most popular form of bet in football. Popular in other sports as well, the money line allows punters to wager on which team will win the match. In addition, bettors also have the option to bet on the possibility of a draw. This is a selection not available for most other sports, but since it is a common occurrence in football it is offered at all online sportsbooks.

An example of the money line will look something like this:

All three betting formats (Fractional, Decimal, American) are shown here, but they all mean the same thing. Barcelona are slight favourites to win at even odds, while Manchester United are sitting at longer odds of 12/5. Bettors who back Barcelona stand to gain £100 from a £100 bet, while those keen on Manchester United will pick up £240 in profit from a £100 bet if the Red Devils cause an upset. Punters can also bet on the game finishing in a draw after regular time, which offers a potential £220 win from a £100 wager.

Other Betting Types

Aside from the money line, the most popular football bets are often specials and futures. Online sportsbooks offer odds on who will win tournaments and cups well before the competition is concluded, so fans can bet on the outcome of the Premier League for 2010/11 before the season has even begun - often at lucrative odds. An example of this is the fact that players can already wager on who will win the 2014 World Cup at a number of online bookies:

There are also plenty of unique betting options for regular season matchups. Some of the most popular include First Goalscorer, Half-time Score, and Alternate Lines.

If you are looking for betting information on some other popular sports, stay tuned for our pages on Cricket, Ice Hockey, and Basketball.