What Does PK Mean In Betting , 2023 Go-To Guide
No, this is not a guide on Penalty Kicks! Although your soccer knowledge will be helpful while wagering a PK bet on a soccer game, in this guide, we will discuss one of the most popular and easy bets in sports betting-Pick’em or Pick. Simple but not easy, of course. You must learn all the ins and outs of this type of wager if you are willing to risk your hard-earned money for a big win!
Ready? Let’s Pick’em!
PK Explained: What Is The Meaning of PK In Betting?
PK is a simple abbreviation for Pick’em or Pick. It is a pretty straightforward wager in sports betting. It is related to point spread betting and refers to a line with the same odds on both sides, whatever either side is, teams, opponents, or whatever. Although this does not happen often, you will see PK odds in different sports. The line could be a Moneyline, Totals, or Spread.
Here is an example to better demonstrate the concept:
|LA Rams||O 52 -110||-110|
|BUF Bills||U 52 -110||-110|
As shown in the table above, there is no favorite or underdog, and the line is even. In other words, you should only Pick’em; pick the winner side.
When the line is even, the game is known to be a PK or Pick’em game. It can happen in any match, tennis, UFC, soccer, Boxing, basketball, NFL, and so forth. Remember, PK betting odds are not offered only for team sports. It is called a Pick ’em game as long as the line is even and the odds are the same on both sides.
What Is A PK Bet In Soccer and How Does It Work?
The idea is the same, except that PK in Soccer is more like a point spread in which neither team is given any points as an advantage. Hence, it’s usually shown as +0 or -0 because there is no point spread on either side. In such cases, when you bet on a PK if your team/side wins, your bet slip also wins; if they lose, your PK bet loses. Now, you would ask what happens if the game ends in a draw? Well, in the case of the PK line, when the game ends in a draw, most sportsbooks return your wager as it is considered a push.
Soccer Pick’em Odds and How To Read Them
The most common betting line for soccer is Moneyline-betting on the winner of the game- because in this sport, ties happen often, and the margin of victory is generally low. Hence, you have the option to bet on the tie or draw, and to remove the tie option, you can select Draw No Bet.
Pick’em odds in soccer are listed the same as the Draw No Bet or very similar. Because, unlike sports like basketball or football, in which PK odds are very close, Draw No Bet odds can vary greatly depending on the teams and the nature of the sport. In other words, if teams are evenly matched, each team will be assigned -110(as the standard) on the Pick’em line. But if one team is considerably better than the other, the odds will reflect that. Let’s look at the following example to better understand it. But if any of these numbers and concepts sound Chinese, read our guide on Soccer betting.
In the above example, teams are fairly even. Hence, the PK odds for Germany are slightly bigger. In this case, you should wager $121; if Germany wins, you will win $100. If you are a Spain fan, you will win $100 for risking $100 if the team wins the match. In the case of a draw, your wager will be returned to you.
What Is PK In NFL?
The meaning does not change and does not depend on the sport. Still, PK is a Pick’em bet and refers to a betting line with even odds on both sides. Let’s say there is a match between NY Giants and NY Jets, and the sportsbook sets the line as PK- there is no point spread. This means the sportsbook considers both teams even having a 50/50 chance of winning. So, whatever team you choose to bet on, they just must win the match for your wager to pay off.
As mentioned earlier, Pick’em games don’t happen often, and NFL is no exception. For instance, in the 2018 NFL playoffs, there were no PK games.
Is PK A Moneyline? What Is The Difference Between Pick’em and Moneyline?
Yes and No. As we discussed, PK is a line with a 0 spread. In other words, there is no point spread on either side of a Pick’em line. Hence, you will essentially pick the winner, and this is pretty much the same as Moneyline betting. However, typically, Moneyline offers varying odds for either team. On the contrary, PK odds almost always are the exact same-typically -110.
So, we can say the idea behind PK is pretty much the same as Moneyline.
Pick’em Bet Strategy
- Learn the basics of sports betting.
- Learn the rules of the sport you want to place a PK wager on.
- Shop lines. Check different sportsbooks(legit and trusted ones, of course) and find the best PK odds.
- Keep it small and only bet what you can afford.
- Follow teams’ and players’ performances. Follow the stats because it will help you pick the more likely winner.
- There are factors affecting the outcome of a game such as weather, players’ previous injuries, and so on. Make sure to consider these factors while placing your wager.
Now you know what PK means in sports betting, and it is time to give it a go. How? By checking our recommended trusted online sportsbooks and shopping for the best lines. Don’t forget to claim a sweet bonus to make the most of your deposit money and make your PK betting more memorable!
Pick’em, and let the fun begins!
PK In Betting FAQs
What Does PK 110 Bet Mean In DraftKings?
It is a standard PK odds listing representing the amount you should wager to win a bet. When you see a -110 PK odd on DraftKings or any other trusted bookie, it means you should wager $110 to win $100.
Is Pick’em The Same As Point Spread?
No. It is related to the point spread in that the PK line has a 0 spread on both sides.
Is Moneyline Straight Win?
Yes. Moneyline refers to the outright winner of the game.
Is PK In Betting The Same As Penalty Kicks In Soccer?
Of course not. These are two totally different concepts, with the former being a sports betting concept and the latter a soccer sport concept.
What Does PK Mean In NHL Betting?
The same thing. An evenly matched betting line where either side has the same chance of winning.
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