What are Betting Markets?

Definition: A betting market is a specific question about an event that players can bet on, with a set of possible outcomes (selections), each with its own odds.

Example: in a football match, "Match Result" is a market with three selections: home win, draw and away win.

Main market groups:

• Result markets - match result (1X2), moneyline, double chance.
• Totals - over/under goals, points or games.
• Handicaps - results adjusted by a goal or point advantage.
• Player and match props - goalscorers, cards, corners.
• Outrights - tournament or league winner.

Market statuses: open, suspended (betting paused, e.g. during a goal attempt) and settled.

Why it matters: market depth per sport and per event is one of the main points operators compare when choosing a sportsbook platform.