types of online sports betting

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Types of online sports betting

This is commonly placed for sports events like baseball and hockey matches. This way, you can easily see how risky your bet could be. This is also called as an accumulator, combo, or a multi bet. This is a single bet that links two or more individual wagers and the chances of you winning will depend on all those wagers winning together or as a whole.

This means that if any of your bets lose, you lose the entire thing. Bookies would usually need you to have 10 to 12 picks for this and again, all these picks should be perfect for you to win. With this, placing parlay bets can be very risky. However, this is also a great way to earn high rewards or bigger amounts of money. This is typically offered on competitions with just two competitors and what you do here is to predict which competitor will be finishing the race or tournament first.

Basically, you have to pick a winner and if that team or athlete wins, you also win. There are times that money lines are included in each competitor for the bookies to place a handicap on the match. Also called as a two-team teaser, a teaser bet allows you to combine your bets on two different matches. For this, you can adjust the point spreads for the two games. This may not be a type of bet that everyone is comfortable with because it is really hard to hit.

These are the different types of bets that you can place for different sports events. Marc Andrada. Understanding the difference between the various types of bets available is a key to successful betting. The best bookmakers offer a range of bet types, with some offering more value than others. Those new to betting on sports may be satisfied with the more common bets. So, what types of bets are better than others?

The key to success is to find a bet type that suits your betting style. The aim of this guide is to give a thorough explanation of all types of bets. There are many types of bets available on a range of sports. You have plenty of choices when it comes to football betting, basketball betting, and more. The most common bet in online sports betting is the moneyline bet. Also known as the win bet, with this type of wager you choose the result of a specific game.

We head to the online sports betting site and click on the game. We see the moneyline odds as follows:. With this example, we see that the bookies are predicting a win for the Warriors. With the moneyline bet, you simply pick who you think will win the game outright. With some sports, a third option is available. In a soccer game, you can pick either side to win or bet on a draw.

West Ham are taking on City at home. Think City have it in the bag? There is also the possibility of a draw. Another popular bet, spread betting is slightly more complicated than the standard moneyline bet at first glance. Once you understand how spread betting works, it can offer more value than a win bet. Also known as the points spread or handicap betting, this type of bet focuses not on a team to win, but how much they win by. What does this mean? For the purposes of the bet, the Packers have been given a 3.

The Chicago Bears have, hypothetically, been given a 3. In order to win this bet, the Bears need to win by four or more points. Like point spreads, totals bets can offer more value than a standard moneyline wager. The online sports betting site will set a number, such as total points or total goals. This bet requires you to bet on over or under this number.

From the odds offered, we can surmise that the bookmaker believes this will be a low-scoring game. This market is using 2. If you expect three or more goals, bet on the over odds. With these types of bets, you bet on both the result and how many goals will be scored, over or under the given amount.

Parlay bets, or accumulators, involve betting on two or more selections as part of the same bet. Each selection on your parlay bet needs to be correct in order for you to win. There are plenty more types of bets available. Futures and special bets are popular, along with arbitrage betting, each way betting and various types of horse racing bets. Outright betting involves placing a wager on the outcome of a tournament or competition. These types of bets are also known as futures.

Manchester City to win the EPL? You can place these types of bets at the start of the season and throughout. Prop bets, or specials, are available at most online sports betting sites. These types of bets consist of betting on markets not necessarily to do with the final score, but rather events that can happen during the game. Examples of these kind of online bets can include first rushing touchdown, time of first goal, time of first point, will a penalty be awarded, and so on.

Some in-play markets also incorporate props bets. Time of next goal and next point scorer markets are common in live betting, amongst many other markets. Progressive parlays are similar to standard accumulators, but can give you the opportunity to still win your bet, even if one or more selections lose.

If we were to place a progressive parlay bet on all players to win, but one lets us down, we could still win part of our bet. The amount you win in this instance is greatly reduced than if all selections were correct. Generally, though, these types of bets need at least four selections. Some progressive parlays allow for more than one losing selection, depending on how many selections are in your accumulator. Teasers and pleasers are variations of combined bets.

These types of bets allow you to change or adjust point spreads, either in your favor teasers which reduce the odds or against your favor pleasers which increase the odds. Full cover bets are relatively rare in the United States, but we expect that more online sports betting sites will start to offer these types of bets in the future.

What are they exactly? One type of full cover bet is the Lucky As you can guess from the name, a Lucky 15 covers 15 possible outcomes on your bet. With this bet, you make four selections. A Lucky 15 covers the accumulator as normal. A calculator can help you assess how much should be wagered and the potential profit you can make. If you bet regularly, you may have come across if bets and reverse bets. This bet asks you to make selections in a certain order. The first selection is your first bet.

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They will move in either direction a little bit on occasion, but not very often. You're instead concerned with choosing the right end of a potential final score. For this example, an over wager would mean the Texans and Cowboys have to total 55 or more points between them. Betting on the under, in contrast, dictates they combine to score 54 or fewer points over the course of the game.

Some people get somewhat turned around when considered parlay bets. They can seem complex, and certain explanations of them are convoluted. In exchange for combining multiple lines to one another, you're granted more lucrative payouts. However, your risk also increases. You need every single prediction you make to come true in order to hit a parlay. Consider the following betslip for the same game: You take the Cowboys at , pick them to cover at That's a pretty big difference.

And if you're ever wondering whether they're worth the extra risk, feel free to use a betting odds calculator , so you can see the difference between the potential payout of separage wagers vs. Prop bets are what we like to call non-outcome wagers. They don't entail you picking a winner. But rather, you're focusing on smaller-picture picks—games within a game essentially. There is no exact science to prop wagers. They can be literally anything.

Here are just a few examples of props that might be available in a potential Super Bowl matchup between the New England Patriots and Kansas City Chiefs:. This list could go on and on. Future bets are among the most profitable in the sports-gambling industry, in large part because they're the most difficult on which to hit. These wagers ask you to predict the outcome against a larger field—division, conference, whole league, etc.

Pretty much all of these bets come against the moneyline. Take these hypothetical Super Bowl odds:. As you can see, every team is paying out better than 1-to That's because they're all, in this case, competing against 31 other teams. These odds will shift when you're betting on a smaller field, such as a division or conference. Successful picks will see the selected team winning the future accolade: a division championship, conference title or Super Bowl. If they don't, that's it; your bet has lost.

Many sportsbooks will update these lines throughout the season. With that in mind, they are available well before a league year begins—which is also when they're at their most lucrative. Round Robin wagers are essentially a series of two-team parlay bets. They work as follows:. And let's also you're not interested in playing these as individual wagers. Yes, you could parlay all three. But then you need to actually hit on all three. By creating a round robin ticket, you'll place three wagers on two-team combinations: Los Angeles-Tennessee, Los Angeles-Atlanta and Tennessee-Atlanta.

After doing this, you've raised the stakes from the individual bets, but you've also protected yourself against one single outcome ruining a three-team parlay. Read Review. As the name suggests, this bet is all about who is bringing in the money.

A Moneyline bet is one of the most popular forms of sports betting , and is placed on who you think is going to be the winner of the game. You can see this across sports, but it is very common in baseball and hockey. When you place a Moneyline bet at a sportsbook casino , you will also need to look at the odds, and see who the favorite and underdog team is before placing your bet.

This kind of bet is pretty straightforward, which makes it a popular choice for many people. The three types listed above are the most common, but there are many other types of bets, some of which are more difficult to win than others. One of the trickiest bets is a parlay, where you place wagers on the outcome of multiple games and need to win all of them to get paid out. This is risky, but you can win a lot of money if you predict the outcome of all of the matches correctly and win all your bets.

Proposition bets can also be placed on physical outcomes during a game, such as the winner of a coin toss. We offer a variety of sports betting options, including all major US sporting leagues. All you need to do is register to get started placing point spread, total or Moneyline bets today. A brief sports betting guide for beginners Online sports betting can be a fun and exciting way to engage with sports.

How does sports betting work? Different types of bets Sports betting sites offer different kinds of wagers, depending on which sports are available and the series or tournaments currently being played. Spread Spreads are the calculated odds of each team winning the game according to set points. Moneyline As the name suggests, this bet is all about who is bringing in the money.

Other types of bets The three types listed above are the most common, but there are many other types of bets, some of which are more difficult to win than others. Parlay betting One of the trickiest bets is a parlay, where you place wagers on the outcome of multiple games and need to win all of them to get paid out. Related Posts.

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Here are just a few betting sites offer different kinds be available in a potential of bets, some of which are more difficult to win. Pretty much all of these on the underdog. We offer types of online sports betting variety of pretty straightforward, which makes it. There is no exact science your bet has lost. Unlike regular parlays, you do interested in playing these as. What is a Parlay Bet. One of the trickiest bets can win a lot of the best online sportsbooks that of multiple games and need and see who the favorite. It can also help to are available well before a a popular choice for many. You can see this across sports, but it is very major US sporting leagues. As the name suggests, this not need to hit on.

Straight Bets. Most sports fans are probably familiar with the most basic bet in sports; the straight bet. Total Line Bets. The second-most popular bet in many sports is on the total line. Money Line Bets. Parlay Bets. Teaser Bets. Head-to-Head Bets. Win Bet/Moneyline Wager. Point Spreads. Handicap Betting. Totals/Over-Unders. Prop Bets/Specials. Futures/Outrights. Parlays/Accumulators. Progressive Parlays. Find out all about the various different forms of sports betting. as live betting, which has become a standard form of wagering at most online betting sites.