What is 1X2 Betting? Many inexperienced punters, or those who are new to sports betting, may find themselves looking at the available markets and asking, what is 1X2 betting? Well, 1X2 betting is mostly popular in football and involves betting on the result in a match with three possible outcomes, which are home win, away win, and draw. This market may also be known as Full Time Result, Match Betting, or Three-Way Bet. How Does a 1X2 Bet Work? If you are still confused, here’s a more detailed explanation and includes an example.