Understanding Odd/Even Red Card Bets in Football: What You Should Know
Odd/Even red card betting is one of the more uncommon wager types offered in football. This market only becomes available in select matches where the risk of red cards is high. In this type of bet, you simply predict whether the total number of red cards shown during the match will be an odd or even number. Sounds simple, right? But is it really easy to win? Let’s uncover the ins and outs of this unique betting option with the insights from win tips bet !
What Is an Odd/Even Penalty Bet?
An odd/even penalty bet is a wager where you predict whether the total number of goals scored during the penalty shootout will be an odd or even number.
When the match moves to a penalty shootout, each team is typically allowed five kicks.
Whichever team scores more penalty goals wins the match.
Therefore, to place an odd/even penalty bet, you need to predict the total number of successful penalties scored by both teams combined.
If the total number of goals is even → betting on even wins.
If the total is odd → betting on odd wins.
Bookmakers usually offer attractive odds for this market. Each betting option (odd or even) will have its own odds. Because this type of bet is quite interesting, it has quickly attracted attention from many bettors.
Compared to some of the more traditional betting markets, odd/even penalty bets often feature relatively high odds. Players can wager a small amount and still receive a substantial payout if they win.
However, this bet is rarely available. As mentioned, it only appears when a match ends in a penalty shootout. Also, not all reputable best bookmaker for football offer this market, so availability can be limited.
Is It Difficult to Read Odd/Even Penalty Odds?
When you look at the odds for this market, you’ll see two separate values representing the payouts for betting on "odd" or "even."
This type of football bet is actually very straightforward and easy to understand. So if you’re looking to try something different, go ahead and give it a shot. Your chances of winning are still 50%, and the odds can be quite generous.
Some may wonder: if this bet is so interesting, why isn’t it considered a major betting market in football? Well, think about it—most matches don’t go to penalties to decide the result.
It’s only used in important matches from major competitions like the World Cup finals, UEFA Champions League, Europa Conference League, Euro, Copa America, national cup finals, and similar high-stakes tournaments.
Most top-tier bookmakers in the region offer this market to players, especially when a match is expected to be decided via penalty shootout.
Penalty shootouts are short, so if you want to bet on this market, you need to stay alert and monitor the live betting section closely. That’s the only way to ensure you can place your bet in time.
Also, keep in mind that odd/even penalty betting involves a high degree of luck. So don’t stress too much—place your bet in a relaxed manner, as long as you’re sticking to your budget.
How to Calculate Winnings from an Odd/Even Penalty Bet
A standard penalty shootout includes 5 kicks per team, alternating turns from the penalty spot.
If the number of goals scored by both teams is tied after the initial 5 kicks each, they continue to take turns—one kick per team—until a winner is determined.
The outcome of your bet will be based on the total number of successful penalty goals scored by both teams, all the way until the winning team is decided.
For example:
If both teams score all 5 kicks → total is 10 goals → even number → bets on even win.
If one team scores in the next round and the other misses → total becomes 11 goals → odd number → bets on odd win.
The payout will be calculated based on your betting slip and the odds listed at the time you placed your bet.
Winning amount = bet amount × odds offered for your selection.
If you lose the bet, you lose the full amount you wagered.
Final Thoughts
Overall, the odd/even penalty bet is a fun market that’s worth trying at least once. It’s rare to come across, but when you do, it’s a simple and easy-to-understand bet—especially suitable for beginners.
So don’t overthink it—go with your gut and enjoy the thrill. Good luck, and may your best football referee betting experience be a successful one!
See more: top 10 best shooters in football history