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Types of Bet Available on Sports Betting Sites
Making sense of all the information available on sports betting is key to the success of punters. Additionally, ensuring you are au fait with the types of betting available forms the very basis of this recreational virtual activity.
Success is much easier with knowledge, since sports betting is, after all, a sport in itself and thereby subject to the fact that practice and understanding makes perfect. In order for any punter to enjoy their wagering the way they deserve, a thorough understanding of the betting available is utterly crucial.
Types of Bets
The first type of bets are Straight Bets. These are wagers that are made against the spread. The spread is a number assigned by the bookmakers which handicaps one team and favours another. For example, in any sports league, when two teams play each other, one is perceived as being more likely to win. To make wagering on the underdog desirable, bookmakers will give them additional points. To determine who wins against the spread, the number is either added or subtracted from a teams’ final score. This is the most common type of bet in sports.
Proposition bets are wagers made on the specific outcome of a match. Sports betting online examples include predicting specific occurrences within a game or match. This would include the number of boundaries a batsman will hit, or whether a particular player will score in a football game.
Parlays involve multiple bets and will reward a successful punter with a large pay-out. For example, a punter could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. If any of the four bets fails to cover, the punter loses the parlay, but if all four bets win, the bettor receives a substantially higher pay out, since the odds are far higher than if he made the four wagers separately.
A teaser bet allows the punter to combine his bets on two or more different games. He can adjust the point spreads for the two games, but must get all the games correct to win and this bet recognizes a lower return in comparison to parlays.
An ‘if’ bet consists of at least two straight bets joined together by an if clause which determines the wager process. If the players’ first selection complies with the condition, then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.
Whilst all sports wagers are by definition made on future events, bets listed as ‘future bets’ generally have a long-term horizon measured in weeks or months; for example, a bet that a certain football team will win their entire league. In general, most sports books will appreciate this type of wager due to the low winning probability, and also the longer period of time in which the house holds the player’s money while the bet is pending.
In Head-to-Head bets, punters predict competitors’ results against each other and not on the overall result of the event. One example is Formula One races, where you bet on the performance of two or three drivers and their placement among the others.
Performance Linked to Knowledge
If punters are comfortable with what these types of bet actually mean, then the various and invaluable information provided on sports betting sites will make sense and hence give them a far better understanding of the capabilities of the various wagers, as well as the odds that are being offered on that wager.