What is Hang Cheng?
Hang Cheng betting is more commonly known as ‘Asian Handicap‘ betting. It closely resembles the handicap spread betting common in British soccer betting and international horse race wagering. However, Hang Cheng betting often eliminates the bookmaker’s edge by taking out the tie result and bringing the victory odds to a near 50/50 chance. Hang Cheng occurs most frequently in football betting, but it might appear in any head-to-head sport.
Hang Cheng Explained
In Hang Cheng betting, players are aiming to win their wager on a football game or other outcome by betting on the handicap spread. This is a point penalty applied to the stronger side in order to level the chances of victory to around 50% each way. The system is very similar to English and American spread betting in that a handicap point is set and players bet over or under this line. However, Hang Cheng bet handicaps are far more precise and can include half or even quarter goals. These fractional goal points ensure that no tie is possible, therefore bringing a three-outcome event down to a 50/50 chance.
Because the odds are so closely balanced, the payout is usually evens or thereabouts. Bookmakers use this Hang Cheng system to attract even bets on both sides of a mismatched event, and by removing the tie they reduce their own edge. Handicaps are worked out based on previous form and the true odds as understood at the time of writing the books, so they reflect the game as it would look if the stats were balanced. With Hang Cheng bets that have a whole integer handicap, there is still a small chance of a tie. In this very rare event, the bet is declared void and all players have their stake returned.