Types of Sports Betting

sports betting

Whether you are new to sports betting or a seasoned veteran, there are a number of different types of bets you can make. These types of bets include Spread bets, Parlays, Futures bets, and Over/Under bets.

Spread bets

Unlike fixed-odds betting, spread bets are a bit more flexible. They allow punters to bet on a variety of events, including the number of goals scored in a soccer match and the difference between first and second place finishers in a horse race.

Spread bets can be profitable, particularly if you have a good understanding of the sport you are betting on. However, you should be careful not to get too carried away with the betting action. You don’t want to end up losing all your money or going broke. You can always consult with sports betting experts for advice.

Over/Under bets

Among the most popular forms of wagering in sports is over/under bets. These are wagers on a team’s total points or goals scored, usually expressed as a fraction. The more points you predict a team will score, the better your bet will be.

Over/under bets in sports betting are not the most obvious bets, but they do have their own merits. In hockey, a team’s total may be listed in its individual lines, but you can also bet on its overall score.

Futures bets

Adding a new element to sports betting, futures bets can be highly profitable for serious sports fans. But they are also very risky. There are a lot of variables, and predicting a future event is more complicated than a standard bet.

Sports betting offers a wide variety of futures bets. You can bet on the Super Bowl, the NBA championship, the NBA MVP, the NBA Finals, the NHL playoffs, and many other championship games. You can also bet on the top goal scorer in each league, and the goalkeeper with the fewest goals conceded. You can also bet on soccer tournaments and leagues in other countries, including Spain’s La Liga and the Premier League in England.

Parlays bets

Using a parlay is a great way to win more money on sports betting. When you put together a parlay, you are betting on many different outcomes, and if all of them are correct, your overall payout is much greater.

One of the most popular parlays is the same-game parlay. This type of parlay involves a series of wagers with correlated points spreads and totals. The advantage of a same-game parlay is that it offers higher payouts, but it also means that the bet requires all of the legs to win to be considered a winner.

Daily doubles, daily triples, and “Pick Six”

Depending on your vantage point, the Daily Double, Daily Triple or “Pick Six” may or may not be at the top of your totem pole. If you are lucky enough to be at the right track on the right day, you can bet thousands of dollars through the wickets. In addition to wagering on the winners of your choice of horse races, you can also cash in on exotic overlays and exotic perks. Some tracks even offer you the chance to bet on your favorite jockeys and trainers.