If you are interested in spread betting, we are sure that you have asked what does PK mean in betting question. Well, the answer is simpler than you think, as long as you know the basics of sports betting, especially handicap and/or point spread bets.
We will answer what does PK mean in sports betting question below with examples and list of a couple of recommended bookmakers, so you can find these bets quicker and try your chance today.
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What is PK in betting?
Here is a screenshot from BetUS soccer section, which shows how PK is displayed at online bookmakers.
It is possible to find PK betting opportunities in any sport, but it is more common in popular sports such as football, basketball, and American football. It is very unlikely that you will see this term being used on bookmaker sites. For example, when you visit NFL betting sites, you may not see a betting type called “PK” listed. In this case, we recommend that you browse the list of point spread betting and find the matches of teams with equal odds: These matches offer PK opportunities.
What does PK mean in betting odds?
You have learned what does PK stand for in betting, so let’s continue with a couple of examples so you can understand the concept better. The following examples are taken from Betfair, from the soccer betting section mostly, but as we mentioned above, you can find PK betting opportunities for other sports and in other bookmakers too.
Bellow you can see a perfect example for over under betting and PK betting: The odds are the same for all these teams, meaning there is no clear favorite.
Green Bay Packers
- 10 ½  - 110
Un 58 - 110
Tampa Bay Buccaneers
pk  - 110
Un 45 ½  - 110
- 6 ½  - 110
Un 47  -110
So, what do these numbers mean? The table shows that Kansas City Chiefs and Tampa Bay Buccaneers are equal to each other in terms of winning chance. The teams are equal in power and both can win the match. There is no favorite or underdog – the point spread is zero. This is the classic form of PK and how money line betting works: You just need to pick the winning team.
The screenshot bellow shows what does PK mean in betting lines. Note that while the odds are the same, the winning conditions are not – we will explain this in more detail below.
Above you can see what does PK mean in spread betting. In this type of bet, you don’t just pick the winning/losing side: You also need to correctly guess the margin of victory. (Again, we are not going into details here.) In this example, Utah Jazz is the clear favorite and Charlotte Hornets is the clear underdog. Utah Jazz must win the match by 8 points or more and Charlotte Hornets must not lose it by more than 8 points.
However, the odds offered for both these outcomes are the same: 1.91 and 2.1. The equality here is between the probability of outcomes, not the power of the teams. However, this is still in the scope of PK betting since the handicap points and odds are exactly the same. Note that, however, this type of betting is more complex and requires knowledge about underdog betting, for example.
FAQ about PK betting
Basketball is one of the easiest sport to bet on and PK means there is no spread on the game, you just need to pick the winner.
This means one of the teams has a -10 handicap. Most possibly, the other team has a +10 handicap too and the odds offered for these two outcomes are the same.
PK can be used as a profitable football betting strategy, as it usually only requires picking the winning side.So, what does PK mean in soccer betting? It simply means both teams are equal in power (zero-point spread) or the odds of their handicaps are equal, as explained above.
It means the same thing – the odds of different handicaps are equal or both teams have the same winning chance. However, PK is also short for “puck” in hockey.
You have learned what does PK mean in betting: Try it today!
You have learned what does PK mean in soccer betting (or in any other sport), so it is time to give it a go. Pick one of our recommended bookies, list PK opportunities, and place your bet today: Don’t forget to use a bonus too. Keep visiting us for more info and guides: what does PK mean in betting is not the only question we can answer for you. Good luck!