PK in Betting vs Other Betting Types
Most people usually don’t understand the difference between PK in betting and other betting types, such as point spread and moneyline bets.
| Bet Type | How It Works | Example Outcome |
| PK | Pick winner, no spread | Win or refund on the draw |
| Point Spread | Handicap applied | Win by margin or refund |
| Moneyline | Pick winner, odds vary | Win or lose outright |
PK vs. Point Spread in Betting
The difference is simple: PK betting has no point spread, and you just pick the winner. On the other hand, point spread means assigning a handicap, so the favorite must win by more than the spread.
However, the underdog can still win the bet when it loses by less than the spread. Let’s say there is a soccer match between Manchester United and Everton. The first team is the favorite, and the second one is the underdog.
Manchester United has -150 PK odds, and Everton has +130 PK odds. So, when it comes to PK in betting, if you bet Manchester United PK, you win if the team wins. On the other hand, if the match ends in a draw, the sportsbook will refund your bet. Remember, you will lose if Everton wins.
Let me give you an example of point spreading. Manchester United is -1, and Everton is +1. If you bet on Manchester United and want to win, the team must win by more than one goal. However, if it wins by only one goal, the sportsbook will return your bet.
Similarly, if Manchester United wins by less or draws/loses, you will lose your bet. If you bet Everton +1, you win if Everton wins or draws. So, if Everton loses by exactly one goal, the sports betting platform refunds your bet.
PK vs. Moneyline in Betting
I will differentiate between PK in betting and moneyline betting with an example of a cricket match between India and Pakistan. Let me start with the moneyline. You bet on either Pakistan or India to win. If you choose India, which is the favorite team with odds like 1.44, you win if India wins. However, your payout is smaller.
In contrast, if you pick Pakistan cricket team, which is the underdog team with odds like 2.75, you win more if the team pulls off the upset. In that case, bet $100 on India at 1.44 and win $44 if the team wins. Bet $100 on Pakistan at 2.75 and win $175 profit if men in green shirts win the match.
What if the sportsbook and oddsmaker see both teams are even, and there is no favorite or underdog? Again, both teams have similar odds, so you pick the winner. The odds are usually close to even, like 1.90 for both India and Pakistan.
Final Words About PK in Betting
PK in betting does not consider “point spread,” making it a straightforward bet for beginners. It ensures both teams have even odds. Likewise, there is no handicap, so you don’t worry about your team covering a spread. PK in betting will usually result in a refund in sports where a draw is possible. Make sure you keep an eye on the sportsbook to know it is the right time to place a PK bet. That way, you will increase your winning chances.
